The V Foundation
86% goes to programs $9 to raise $100 Strong reserves Growing revenue
The V Foundation is a 501(c)(3) organization based in Cary, North Carolina, registered in 1993, with $61,639,637 in FY2024 revenue. CharityIndex grades it B+, and it directs about 86% of spending to programs.
14600 Weston Parkway, Cary, NC, 27513 EIN 13-3705951 Since 1993
Revenue (FY2024)
$61.6M
▼ 1.2% vs prior year
Medical Research median: $217K
Expenses (FY2024)
$70.6M
Net assets
$60.3M
Employees
91
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →AProgram efficiency40% of the rating86% to programs · $9 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For The V Foundation: 86% to programs · $9 to raise $100 earns a A on this criterion. See the exact thresholds →
C+Financial health25% of the rating10 mo reserves · -15% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For The V Foundation: 10 mo reserves · -15% margin earns a C+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For The V Foundation: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For The V Foundation: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To put an end to cancer.
Contact & location
- Address
- 14600 Weston Parkway, Cary, NC, 27513
- City
- Cary
- State
- North Carolina
- Category
- Medical Research
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $31.1M (FY2013) to $61.6M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $85.5MNet assets $60.3M
Operating margin
-14.5%
Spent more than it raised in the latest fiscal year.
Total assets
$145.9M
Total liabilities
$85.5M
Net assets
$60.3M
Salaries & benefits
$7.3M
10% of expenses
Board members
42
41 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $61,639,637▼1.2% | $70,594,561▲36.0% | $60,306,162▼8.0% | $145,853,123▲12.8% | 990 |
| 2023 | $62,401,014▲30.5% | $51,901,965▲3.0% | $65,571,945▲28.8% | $129,345,194▲29.9% | 990 |
| 2022 | $47,813,363▲24.8% | $50,407,793▲52.4% | $50,923,762▲2.0% | $99,605,978▲24.9% | 990 |
| 2021 | $38,304,202▲18.8% | $33,070,010▲24.3% | $49,918,101▼1.9% | $79,722,279▲2.4% | 990 |
| 2020 | $32,236,754▲65.2% | $26,594,551▲41.0% | $50,905,583▲21.9% | $77,875,594▲17.9% | 990 |
| 2019 | $19,512,235▼41.8% | $18,863,499▼43.1% | $41,775,670▲5.0% | $66,068,927▼13.6% | 990 |
| 2018 | $33,522,505▼16.4% | $33,129,624▲7.1% | $39,804,514▲1.7% | $76,463,175▲2.9% | 990 |
| 2017 | $40,085,199▲36.9% | $30,945,548▲11.7% | $39,128,900▲12.4% | $74,304,132▲3.9% | 990 |
| 2016 | $29,273,062▲18.3% | $27,693,120▲8.7% | $34,818,138▲5.2% | $71,549,284▲6.9% | 990 |
| 2015 | $24,744,623▼13.1% | $25,465,921▲1.1% | $33,094,042▲0.7% | $66,955,120▲3.6% | 990 |
| 2014 | $28,470,653▼8.4% | $25,201,155▲33.9% | $32,848,272▲4.9% | $64,624,484▲16.5% | 990 |
| 2013 | $31,093,042 | $18,820,333▲11.2% | $31,312,483▲74.2% | $55,466,949▲38.0% | 990 |
| 2012 | — | $16,928,752▼0.6% | $17,976,898▲9.7% | $40,190,117▲9.3% | 990 |
| 2011 | — | $17,032,307 | $16,383,798 | $36,782,510 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Shane Jacobson — $590,980 (0.84% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Shane Jacobson | Chief Executive Officer Thr: 8/25 | 20 | $590,980 |
| Lauren Hall | Chief Development Officer Thr: 12/24 | 28 | $320,746 |
| Susanna Greer | Chief Scientific Officer | 40 | $315,918 |
| Roger Ferguson | Chief Marketing Officer | 26 | $309,660 |
| Carrie Thomas | Sr. Vice President, Partnership | 26 | $251,021 |
| Devin Gilreath | Chief Financial Officer | 26 | $246,298 |
| Jane Diane Baer | Sr. Vice President, Market Development and Events | 0 | $222,495 |
| Philip Pilewski | Vice President, Principal Gifts | 28 | $209,752 |
| Max Duley | Sr. Vice President, Philanthropy and Auctions | 0 | $206,391 |
| Kara Coleman | Vice President, Research and Grants | 40 | $177,556 |
| Jackie Aanes | Chief of Staff | 26 | $167,729 |
| Chanda Jeanine Douglas Ward | Vp, Human Resources Key Ee Thr: 7/25 | 20 | $166,342 |
| Bill Newlands | Director Fr: 12/24 | 1 | — |
| Buster Posey | Director | 1 | — |
| Carl C Liebert III | Director | 1 | — |
| Ciara Wilson | Director | 1 | — |
| Clark Kinlin | Director/interim Ceo Fr: 7/25 | 20 | — |
| Constance E Skidmore | Treasurer | 1 | — |
| David W Williams | Director | 1 | — |
| Dereck Whittenburg | Director | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Coyne Public Relations LLC | Public Relations Communication Agency. | $206,680 |
| The Imagine Group LLC | Print Communications Design and Producti | $148,586 |
Grants received · $25.3M total
280 grants to The V Foundation totaling $25.3M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Online Giving Foundation Inc | General support | 2024 | $527,350 |
| Paypal Charitable Giving Fund | General support | 2024 | $239,773 |
| Charities Aid Foundation America | Charitable donation | 2024 | $238,070 |
| American Endowment Foundation | Disease/disorder | 2024 | $156,150 |
| T Rowe Price Program For Charitable Giving Inc | Multiple | 2024 | $114,950 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $90,000 |
| Winston-salem Foundation | 4 grant(s) for varying purposes | 2024 | $78,100 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2024 | $52,275 |
| Ayco Charitable Foundation | Medical / public services | 2024 | $50,100 |
| National Charitable Endowment Inc | General charitable use | 2024 | $50,000 |
| Greater Houston Community Foundation | Health | 2024 | $32,750 |
| The Bessemer Giving Fund | General support | 2024 | $30,000 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Medical / public services | 2024 | $28,000 |
| Raymond James Charitable Endowment Fund | General support | 2024 | $26,595 |
| American Kennel Club Inc | Cancer research | 2024 | $25,000 |
Grants made · $56.7M in FY2024
53 grants totaling $56.7M in FY2024 — showing the 15 largest. All grants made by The V Foundation →
| Recipient | Purpose | Amount |
|---|---|---|
| University of Chicago | Cancer research | $3,200,000 |
| Fred Hutchinson Cancer Center | Cancer research | $3,100,000 |
| Dana-farber Cancer Institute | Cancer research | $2,800,000 |
| Regents Univ of California | Cancer research | $2,600,000 |
| Albert Einstein College of Medicine | Cancer research | $2,400,000 |
| Duke University | Cancer research | $2,255,000 |
| Memorial Sloan-kettering Cancer Center | Cancer research | $2,000,000 |
| Yale University | Cancer research | $1,800,000 |
| The Board of Trustees of the Leland Stanford Junior University | Cancer research | $1,600,000 |
| Mass General Brigham Incorporated | Cancer research | $1,600,000 |
| Trustees of the University of Pennsylvania | Cancer research | $1,600,000 |
| Trustees of Purdue University | Cancer research | $1,400,000 |
| Harold C Simmons Comprehensive Cancer Center | Cancer research | $1,200,000 |
| University of California San Francisco | Cancer research | $1,200,000 |
| Washington University | Cancer research | $1,200,000 |
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Frequently asked questions
- Is The V Foundation a legitimate nonprofit?
- Yes. The V Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 13-3705951, based in Cary, North Carolina. Donations are tax-deductible.
- What is The V Foundation's EIN?
- The V Foundation's Employer Identification Number (EIN) is 13-3705951.
- How much revenue does The V Foundation report?
- The V Foundation reported $61,639,637 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of The V Foundation's spending goes to programs?
- The V Foundation spends about 86% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does The V Foundation have?
- CharityIndex grades The V Foundation B+, based on program efficiency and fundraising cost.
- How much does The V Foundation's highest-paid employee make?
- The highest reported compensation on The V Foundation's latest Form 990 is $590,980, paid to Shane Jacobson (Chief Executive Officer Thr: 8/25).
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Data for The V Foundation (EIN 13-3705951) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.