The Gastric Cancer Fund has taken a unique approach to starting a non-profit organization. Rather than filing for 501c3 tax exemption status with state and federal governments (usually a 6 to 12 month process), we have created a partnership with The V Foundation for Cancer Research. The V Foundation was founded in 1993 by ESPN and the late Jim Valvano, legendary North Carolina State basketball coach and ESPN commentator. Since 1993, the Foundation has raised more than $80 million to fund cancer research grants nationwide. It awards 100 percent of all direct cash donations and net proceeds of events directly to cancer research and related programs.
In this partnership, the Gastric Cancer Fund works with The V Foundation to raise money for gastric cancer and leverages The V Foundation’s infrastructure for scientific evaluation, financial administration and marketing support. This relationship is critical for the Gastric Cancer Fund as it allows us to focus on fundraising and fulfilling our mission instead of managing the details of starting and operating a non-profit organization. The V Foundation is in the top three percent of all charities based on its sustained fiscal management, according to Charity Navigator, America’s premier evaluator of charities. The V Foundation has received a top 4-star rating from Charity Navigator for the sixth consecutive year, demonstrating that it has consistently outperformed most of its peers in the area of fiscal responsibility. For more information about The V Foundation, please visit www.jimmyv.org.