Financials | Foundation for a Smoke-Free World

Financials

On May 16, 2022, the Foundation for a Smoke-Free World posted its 2021 financial reports on this site. The reports reflect our commitment to research and initiatives that expedite the end of toxic tobacco products. Key insights include:

  • $25 million in grant expenditures in 2021. From the Foundation’s inception through December 31, 2021, grant expenditures totaled $98 million and grant spending authorization was $137 million at the end of the period. Future grant payments for the authorized amounts are anticipated to be made through 2024.
  • Resource allocation associated with charitable activities continues to focus on the Foundation’s work in three areas: Health and Science Research; Agricultural Diversification; and Industry Transformation.
  • Year-over-year decreases in operational expenses, such as: salaries and employee costs, communications, occupancy and office expenses, legal fees, and data license fees.

The Foundation’s charitable activities and the more than 100 international researchers the Foundation funded since inception have contributed significantly to the field of tobacco control, smoking cessation, and harm reduction, particularly in low- and middle-income countries, marginalized communities, and relating to culturally sensitive interventions. 

  • A list of Foundation grants is available here.
  • A list of Foundation-sponsored publications is available here.
  • A list of Foundation-sponsored reports is available here.

The Foundation published its Strategic Plan 2022-2024 to serve as a roadmap for its efforts toward accomplishing its mission. In formulating the Foundation’s second strategic plan, the Foundation re-emphasized its commitment to funding research that is nonduplicative and novel, focusing on scientific and regulatory gaps. 

Our Pledge Agreement with Philip Morris Global Services states that the Foundation will make the following documents publicly available by May 31: audited financial statements, Form 990-PF for the prior year, and an operations update. These documents are posted on this site.

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