V Foundation facts

Updated: April 23, 2012, 4:22 PM ET

Was founded in 1993 by ESPN and the late Jim Valvano, legendary NC State basketball coach and ESPN commentator.

Awards 100 percent of all direct donations and net proceeds of events directly to cancer research and related programs.

Pays all operating expenses with the investment income from the Endowment Fund

Received another 4-star rating from Charity Navigator, America's premiere evaluator of charities. This places the V Foundation in the top three percent of all charities evaluated by the nation's largest charity watchdog. (charitynavigator.org)

Awards grants through a competitive process strictly supervised by a Scientific Advisory Board comprised of some of the nation's top doctors and scientists.

Is guided by an all-volunteer Board of Directors, comprised of top business leaders from around the country. Has raised more than $120 million, used to fund cancer research grants nationwide.

Has awarded grants to 92 institutions in 38 states and the District of Columbia.

Awarded 350 V Scholar grants since 1994 to promising young scientists nationwide, 93 percent of which have received additional funding and have established independent labs. An additional five percent are currently working in related research.