CHICAGO — A Chicago beauty spa that has helped thousands of people recover from cancer has won a record $10.5 million payout from the federal government.
The money, announced Thursday, is the largest payout for a charitable organization in the history of the federal tax code.
At the heart of the payout is the $50 million the foundation gave the company in 2010.
In a statement, the foundation said it will be donating the money to the cancer-fighting Royal Beauty Spa, which offers a wide range of treatments including breast and cervical cancer screenings, and breast augmentation surgeries.
More than 1,100 people have been diagnosed with cancer in the U.S. in the past five years, and many more are expected to die from the disease in the coming years, according to the National Cancer Institute.
“It is important to remember that the vast majority of cancer deaths in the United States are not due to a single cancer diagnosis,” the foundation wrote in its statement.
“In fact, there are more people dying from cancer in this country than are dying from lung cancer, heart disease, and diabetes combined.”
Royal Beauty Spa is part of the Royal Beauty Clinic in Chicago, which was founded in 2007.
Its website describes itself as “a leading family of doctors and surgeons in the Chicago area.”
The charity’s website says the facility is “dedicated to helping cancer patients and their families to recover from the devastating and preventable consequences of the disease.”
According to the foundation, the company’s chief executive, Peter Lasker, is a cancer survivor.
Lasker said the award is the result of the “fearless work” he and his team did for patients.
For the past four years, Laskers team has been “dedicating their lives to helping the people of Chicago and surrounding communities, including helping people to access the care and support they need,” the statement said.
After spending years researching treatments for cancer, Lisker and his staff started their own cancer center at the Royal, located in the heart at the corner of Lake Shore Drive and North Shore Boulevard.