How Much Money Has the Jimmy V Foundation Raised for Cancer Research?

By Justin Rubin March 22, 2024 18:02

Photo by espnpressroom

The V Foundation for Cancer Research, a renowned cancer research charity, has made significant strides in fundraising for cancer research, supporting innovative ideas and breakthroughs in the field.

Let's delve into the details of the fundraising efforts and the impactful contributions made by the V Foundation.

Record-Breaking Fundraising Efforts

The 25th Anniversary V Foundation Wine Celebration held from August 3 - 6, 2023, in Napa Valley, California, marked a historic milestone for the organization.

This event raised an unprecedented $21 million, surpassing the goal of exceeding $150 million raised by the 25th year. The total fundraising effort to date has exceeded a remarkable $158 million.

Annual Fundraiser Success

The V Wine Celebration, an annual fundraiser organized by the V Foundation, has been instrumental in driving fundraising efforts for cancer research.

Over the past 17 years, this event has raised more than $68 million, with the funds contributing to 600 cancer research grants nationwide.

Breakdown of Fundraising Achievements

The V Foundation's 30th year saw a record-breaking achievement as nearly $43 million was awarded to 73 research teams, marking the highest amount granted in any single year. This brought the organization's total funding to over $353 million since its founding in 1993.
Notably, the V Foundation has funded more than $150 million in cancer research grants nationwide, with an assurance that 100% of the net proceeds from events support all the work of The V Foundation.
The fundraising efforts have been successful in supporting various cancer research projects, including a new grant program, "A Grant of Her Own: The Women Scientists Innovation Award for Cancer Research." This unique gender-specific grant designed to address inequities in cancer research funding has seen an investment of $8 million in the groundbreaking work of 11 women scientists.
The Dick Vitale Pediatric Cancer Research Fund has witnessed remarkable success, granting over $16.9 million in just the past year, bringing the V Foundation’s lifetime total to more than $84 million awarded to pediatrics.

Impactful Partnerships and Contributions

The success of the V Foundation's fundraising efforts can also be attributed to impactful partnerships and generous contributions.

Noteworthy collaborations include a $500,000 matching grant from the Prostate Cancer Foundation, resulting in more than $2 million in "fund-a-need" donations to support prostate cancer research.

Also, the V Foundation has announced collaborations with various organizations, including a partnership with the Jeff Gordon Children’s Foundation, which resulted in a $3 million grant as part of a special All-Star Grant program to three V Foundation-funded researchers showing incredible promise in pediatric studies.

Recognition and Transparency

The V Foundation has received widespread recognition for its commitment to transparency and accountability. It holds 12 consecutive 4-star ratings from Charity Navigator, making it among the top 2% of all charities evaluated.

Also, the foundation is a GuideStar Platinum Transparency rated charity, reflecting its dedication to financial responsibility and transparency.

Future Endeavors

Looking ahead, the V Foundation remains committed to accelerating Victory Over Cancer® by funding game-changing research and supporting all-star scientists.

The organization's strong momentum and growing support indicate a promising future in advancing cancer research and breakthroughs.

All in all, the V Foundation for Cancer Research has made significant strides in fundraising for cancer research, with a total fundraising effort exceeding $158 million to date.

The organization's impactful partnerships, transparent practices, and commitment to accelerating Victory Over Cancer® position it as a leading force in the fight against cancer.