The V Foundation

Organization Overview

The V Foundation is located in Cary, NC. The organization was established in 1993. According to its NTEE Classification (I20) the organization is classified as: Crime Prevention, under the broad grouping of Crime & Legal-Related and related organizations. As of 09/2022, V Foundation employed 60 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. V Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 09/2022, V Foundation generated $38.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $33.1m during the year ending 09/2022. While expenses have increased by 3.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, V Foundation has awarded 402 individual grants totaling $164,399,799. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PUT AN END TO CANCER.

Describe the Organization's Program Activity:

Part 3 - Line 4a

IN FY 2022, THE FOUNDATION AWARDED 62 V SCHOLAR GRANTS TO IDENTIFY, RETAIN AND FURTHER THE CAREERS OF TALENTED YOUNG INVESTIGATORS, 19 GRANTS IN TRANSLATIONAL CLINICAL RESEARCH, AND 22 DESIGNATED GRANTS INSPIRED BY PARTICULAR AREAS OF SCIENTIFIC INTEREST AND/OR GEOGRAPHICREACH. THESE GRANTS WERE AWARDS TO RESEARCHERS AT LEADING INSTITUTIONS ACROSS 26 STATES AND CANADA. THE V FOUNDATION ENSURES THAT RESOURCES REACH THE BEST AND MOST PROMISING CANCER RESEARCHERS AND PROJECTS. WE ASSURE DONORS THAT THEY ARE MAKING A SOUND INVESTMENT BECAUSE WE TAKE A STRATEGIC APPROACH TO OUR FUNDING. WE FOCUS ON EMERGING, HIGH-IMPACT OPPORTUNITIES AND ADDRESS CRITICAL KNOWLEDGE GAPS IN SCIENCE. WE REALIZE THAT, FOR SOMEONE AT RISK OF CANCER OR ALREADY BEING TREATED FOR IT, TIME IS CRITICAL. THERE IS NOT A MOMENT TO LOSE.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
The Imagine Group
Marketing Solutions
$128,761
Utopic
Advertising
$100,300
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$12,000,000
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$24,624,612
Noncash contributions included in lines 1a–1f $1,401,446
Total Revenue from Contributions, Gifts, Grants & Similar$36,624,612
Total Program Service Revenue$0
Investment income $1,478,829
Tax Exempt Bond Proceeds $0
Royalties $228,597
Net Rental Income $92,647
Net Gain/Loss on Asset Sales -$159,558
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $38,304,202

Grants Awarded

Over the last fiscal year, The V Foundation has awarded $25,728,140 in support to 61 organizations.

Grant RecipientAmount

DANA-FARBERHARVARD CANCER CENTER

Org PageRecipient Profile

Boston, MA

PURPOSE: CANCER RESEARCH

$1,800,000

JONSSON COMPREHENSIVE CANCER CENTER

Org PageRecipient Profile

Los Angeles, CA

PURPOSE: CANCER RESEARCH

$1,345,000

HUNTSMAN CANCER INSTITUTE

Org PageRecipient Profile

Salt Lake City, UT

PURPOSE: CANCER RESEARCH

$1,200,000

UNIVERSITY OF PENNSYLVANIA SCHOOL OF MEDICINE

Org PageRecipient Profile

Philadelphia, PA

PURPOSE: CANCER RESEARCH

$1,112,500

UNIVERSITY OF MIAMI SYLVESTER COMPREHENSIVE CANCER CENTER

Org PageRecipient Profile

Coral Gables, FL

PURPOSE: CANCER RESEARCH

$1,000,000

THE GENERAL HOSPITAL CORPORATION DBA MASSACHUSETTS GENERAL HOSPITAL

Org PageRecipient Profile

Somerville, MA

PURPOSE: CANCER RESEARCH

$1,000,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that The V Foundation has recieved totaling $13,000.

Awarding OrganizationAmount
Denman Family Foundation

Wilmington, DE

PURPOSE: GENERAL & UNRESTRICTED

$10,000
Darrell And Patricia Steagall Family Foundation

Gastonia, NC

PURPOSE: CANCER RESEARCH

$2,000
The Summit Beverage-Markovich Family Charitable Foundation

Wilmington, DE

PURPOSE: GENERAL & UNRESTRICTED

$1,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$43,914,780
Earnings-$4,468,793
Admin Expense$196,382
Net Contributions$1,630,419
Other Expense$2,156,838
Ending Balance$38,723,186

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