CPRIT charity has $285K left, will cease operation

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by Associated Press

kvue.com

Posted on April 2, 2013 at 4:37 PM

AUSTIN -- A private foundation linked to the state's troubled cancer agency and under state investigation says it will cease operations.

The announcement came Tuesday as lawmakers heaped fresh anger and criticism surrounding the Cancer Prevention and Research Institute of Texas. The target this time was the CPRIT Foundation, which has caught the attention of the Texas attorney general's office over "serious legal concerns" surrounding the nonprofit.

The CPRIT Foundation was partly created as a mechanism to solicit funds to supplement salaries of agency leaders. Jennifer Stevens, executive director of the foundation, told lawmakers the nonprofit could no longer exist given political realities and would cease operations within 60 days.

State investigators are demanding the foundation provide details this week about how the foundation's remaining $285,000 will be spent.
 

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