At Breast Cancer Awareness month luncheon, Maloney makes final call for artists to join the design contest for new commemorative coin to raise money for breast cancer research
New York—Today, Congresswoman Carolyn B. Maloney hosted a Breast Cancer Awareness Month luncheon in honor of the Breast Cancer Research Foundation and the Breast Cancer Awareness Commemorative Coin. Maloney took the opportunity to call for submissions to the U.S. Mint’s design competition, encouraging all artists to participate.
“1 in 8 women will be diagnosed with breast cancer in her lifetime,” said Congresswoman Carolyn B. Maloney. “ The funds raised through the sale of the Breast Cancer Commemorative Coin will save lives. For the first time ever, the US Mint will be using a process that will give the coins a pink tint. The coins, which will be available for purchase in 2018, will not only direct funding to critical research supported by the Breast Cancer Research Foundation, but they will raise awareness about breast cancer and thereby increase prevention. We are in the midst of a design competition for the coin, the winner of which will be chosen on October 17th by a committee selected by the US Treasury Department.”
“Congresswoman Maloney personally saw this bill through on behalf of our dear friend and BCRF’s founder Evelyn Lauder and it is with tremendous pleasure that we see it come to fruition,” said Myra Biblowit, President of the Breast Cancer Research Foundation. “At BCRF, we unequivocally believe that when you fund research, you save lives. Truly what stands between today and cure, is funding to harvest rapid advances in science.”
As part of the Breast Cancer Awareness Commemorative Coin Act, the U.S. Mint was instructed to conduct a nationwide design competition. Phase One of the competition closes on October 17th. Artists age 18 and older are asked to submit portfolios of their prior work. From these entries 20 applicants will be chosen for Phase Two, where they will be paid a stipend of $1,000 to submit designs for the obverse and reverse of the coin. The final winner will be announced in June 2017. The winning artist will be awarded $10,000 and have their initials included on the minted coins.
The Breast Cancer Awareness Commemorative Coin Act (H.R. 2722) directs the U.S. Treasury to issue up to 50,000 $5 “pink gold” coins, up to 400,000 $1 silver coins and 750,000 half-dollar clad coins with a design to symbolize the fight against breast cancer in 2018. The production cost of these coins will be fully covered in the sales price, and the proceeds will benefit the Breast Cancer Research Foundation, headquartered in New York. No taxpayer money will be used in the production or sale of the coin.
Funding for breast cancer research at NIH has risen more than threefold since 1993. When Maloney first came to Congress, one of her goals was to increase breast cancer research funding. In 1993, funding was at only $210 million. At its highest point in 2012, funding for breast cancer research was $800 million, and in 2016, NIH funding for breast cancer research was nearly $700 million. In the past two years, the Department of Defense has spent $120 million per year in the fight against breast cancer.
The Breast Cancer Research Foundation (BCRF) has raised more than $625 million for research to date. This year BCRF is funding $54 million in grants to over 240 researchers across 24 states and the District of Columbia and 13 countries, making it the largest private funder of breast cancer research in the world. BCRF is dedicated to keeping administrative costs low. Of every dollar donated to BCRF, $0.91 goes to research and awareness programs—$0.88 towards research and $0.03 towards awareness. BCRF is the highest rated breast cancer organization in the U.S. with an A+ rating from Charity Watch and 4 out of 4 stars from Charity Navigator. Clinical advances resulting from research have led to increased survival rates among breast cancer patients, and death rates have dropped over 34 percent since 1990.
The House of Representatives approved the bill introduced by Reps. Carolyn B. Maloney (NY-12) and Pete Sessions (TX-32) on July 15, 2015. The companion bill passed in the Senate by Unanimous Consent on April 19, 2016. The President signed Rep. Maloney’s bill on April 29, 2016.