The V Foundation Announces More than $23 Million in Cancer Research Grants Awarded in 2016
The V Foundation for Cancer Research, one of the nation’s leading cancer research funding organizations, is proud to announce it has awarded more than $23 million in cancer research grants in 2016. Funding the best scientists nationwide, the announcement marks the V Foundation’s largest financial contribution to cancer research in a single year. The V Foundation’s world-renowned Scientific Advisory Committee, comprised of outstanding researchers from prominent universities and cancer centers, oversees the grant-making process to ensure proposals meet the highest standards of scientific merit.
“Our goal is to put an end to cancer. We will move faster, push harder and fund the best people to meet that goal,” said Steve Bornstein, the V Foundation’s board chair and former CEO of ESPN.
This year, the V Foundation awarded $5.8 million in V Scholar grants, which are designed to identify, retain and further the careers of young scientists establishing their research. V Scholar grants are each $200,000, two-year commitments, providing the most promising Ph.D.s, M.D.s and M.D./Ph.D.s a competitive edge necessary to earn additional funding from other sources. By focusing on brilliant young investigators, the V Foundation has leveraged more than $1 billion in additional funding for researchers to date.
The V Foundation also awarded $10.2 million in translational grants and $7.1 million in designated grants in 2016. The V Foundation translational grants fund projects that bring research findings to the patient bedside more quickly and efficiently. Each translational grant is a $600,000, three-year commitment. Designated grants are inspired by particular areas of scientific interest and geographic reach.
“Through the V Foundation, donors from all over the United States have come together to support the most exceptional young cancer researchers and the most promising projects that will bring new and more effective treatment to cancer patients,” said Dr. Robert Bast, vice president for Translational Research at the University of Texas MD Anderson Cancer Center and chair of The V Foundation’s Scientific Advisory Committee. “These grants will accelerate progress and hasten the day when we will eliminate cancer as a threat to us all.”
With 100% of all direct cash donations benefiting cancer research, the V Foundation has now awarded more than $170 million in cancer research grants. Among the highest-rated nonprofits by Charity Navigator, America’s largest and most-utilized independent evaluator of charities, the V Foundation continues to expand its efforts in the fight against cancer with a strict adherence to sound fiscal management and transparency. The V Foundation has received five consecutive 4-star ratings by Charity Navigator and is among the top 4% of cancer charities and the top 6% of all charities evaluated.
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