Reports & Financials
Financial Stewardship
PAF is very proud of our commitment to helping patients deal with access and affordability issues they often face when living with chronic and critical diseases. When tackling our mission and organizational goals, we have been aided by many generous organizations and individuals who provide financial and in-kind support for our organization.
Transparency is important to PAF and we demonstrate that by providing easy access to our Audited Financial Statements, Form 990’s and Annual Reports. We feel that collectively, these reports demonstrate our commitment to delivering support that is impactful and aligned with our mission in a manner that is efficient and effective. We take very seriously the stewardship of the charitable donations that are entrusted to us by our supporters.
Patients are our priority, always.
In 2021 98.6% of every dollar went to directly support patients
FY 2020/2021
Annual Reports
Commitment to Compliance
A strong commitment to compliance has been a hallmark of the Co-Pay Relief Program (CPR) since its inception in early 2004. As the holder of the second opinion issued by the Office of Inspector General (OIG) to a charitable patient assistance program, we have always understood our obligation to operate our program with the highest degree of ethical decision making, ensuring all policies, procedures and practices are designed and implemented a manner that comports with both the spirit and intent of the OIG guidance received by the foundation over the past two decades.
We are proud of the manner in which our organization maintains safeguards to ensure that we operate our program, independently, free from donor influence, and in compliance with the guidance provided by the OIG in our opinion, # 04-15 issued to PAF in 2004 and modified in 2008 and 2015, as well as the Special Advisory Bulletins issued in 2005 and 2014, including a best in class organization wide compliance program.
Please visit our Compliance Section for additional information about PAF’s Compliance program, to access annual audit reports and to obtain contact information for PAF’s Compliance Counsel.
OIG Opinions
The Department of Health and Human Services Office of Inspector General (OIG) issued an advisory opinion, #04-15, to PAF in October 2004, the second such opinion offering guidance to an independent, non-profit charitable foundation providing patient assistance for co-payment, co-insurance and deductibles for prescribed pharmaceutical products. The opinion has been modified two times (2008, 2015) with the most recent again affirming that PAF’s Co-Pay Relief Program is a bona fide independent, non-profit charitable program. Advisory Opinion #04-15 and both modifications are available through the links below.
OIG Advisory Opinion, October 29, 2004
OIG Advisory Opinion Modification, August 29, 2008
OIG Advisory Opinion Modification, December 30, 2015
