Psychedelic Science Funders Collaborative (PSFC)
Psychedelic Science Funders Collaborative (PSFC)
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About this organization
Mission
PSFC supports research on and clinical trials of physician-prescribed mental health treatments and patient access to these treatments.
About
PSFC is a community of philanthropists dedicated to supporting psychedelic medicine and science. Our world today is experiencing epidemic levels of mental illness. Existing psychiatric treatments fail to address the suffering of the hundreds of millions of people worldwide affected by conditions such as PTSD, depression, and addiction. Emerging research indicates that psychedelic medicine has the potential to be a breakthrough in treating these and other conditions. The Psychedelic Science Funders Collaborative (PSFC), a 501(c)(3) nonprofit, is a funding collaborative created to support the exceptional scientists and organizations working on psychedelic clinical trials and to ensure psychedelic treatments reach all who can benefit. PSFC was born in 2017 out of a realization that psychedelic medicine has the potential to make an enormous impact and has an achievable path to regulatory approval, but has been systemically underfunded. Since PSFC’s founding, we have grown into a community of many of the leading funders of psychedelic medicine, supporting organizations at the cutting edge of psychedelic research and delivery of care with funding and expert support. PSFC has funded several organizations at the forefront of the psychedelic field, and in 2020, we completed a $30 million fundraising campaign in partnership with the Multidisciplinary Association for Psychedelic Studies (MAPS) to support the completion of phase 3 clinical trials of MDMA-assisted psychotherapy. PSFC’s current areas of focus include: Supporting broad and equitable access to high-quality MDMA-assisted psychotherapy post-FDA approval, and Supporting the implementation of Oregon’s Measure 109, which authorizes psilocybin therapy in the state, to ensure the program also provides broad and equitable access to high-quality care.
Interesting data from their 2020 990 filing
In the filing, the mission of the non-profit is noted as “Psfc supports research on and clinical trials of physician-prescribed mental health treatments and patient access to these treatments.”.
When referring to its responsibilities, they were outlined as: “Psfc supports research on and clinical trials of physician-prescribed mental health treatments and patient access to these treatments.”.
- The state in which the non-profit is legally registered to operate is DC, as per legal records.
- The filing documents the non-profit's address in 2020 as 3625 Gatewood Court, Santa Cruz, CA, 95065.
- According to the non-profit's form, they have 0 employees on their payroll as of 2020.
- Is not a private foundation.
- Expenses are less than $100,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $687,917.
- The organization has 3 independent voting members.
- The organization was formed in 2018.
- The organization pays $0 in salary, compensation, and benefits to its employees.
- The organization pays $20,516 in fundraising expenses.