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CHARITY REVIEW
Issued: April 2026 Expires: April 2028

V Foundation for Cancer Research

Standards Not Met
Standards Not Met
7 14 18
(919) 380-9505
14600 Weston Parkway
Cary, NC, 27513
https://www.v.org/
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Standards For Charity Accountability

Governance

  1. Board Oversight
  2. Board Size
  3. Board Meetings
  4. Board Compensation
  5. Conflict of Interest

Measuring Effectiveness

  1. Effectiveness Policy
  2. Effectiveness Report

Finances

  1. Program Expenses
  2. Fundraising Expenses
  3. Accumulating Funds
  4. Audit Report
  5. Detailed Expense Breakdown
  6. Accurate Expense Reporting
  7. Budget Plan

Fundraising & Info

  1. Truthful Materials
  2. Annual Report
  3. Website Disclosures
  4. Donor Privacy
  5. Cause Marketing Disclosures
  6. Complaints

V Foundation for Cancer Research does not meet the following 3 Standards for Charity Accountability:

Standard 7 (Board Approval of Written Report on Effectiveness)
Submit to the organization's governing body, for its approval, a written report that outlines the results of the aforementioned performance and effectiveness assessment and recommendations for future actions.

V Foundation does not meet this Standard because:

  • The organization has not completed an effectiveness assessment in the last two years.

Standard 14 (Budget)
Have a board-approved annual budget for its current fiscal year, outlining projected expenses for major program activities, fund raising, and administration.

V Foundation does not meet this Standard because, when the organization provided 2027 budget information, it indicated that the budget:

  • Did not identify total projected fundraising expenses.
  • Did not identify total projected administrative expenses.

Standard 18 (Privacy for Written Appeals & Internet Privacy)
Address privacy concerns of donors by (a) providing in written appeals, at least annually, a means (e.g., such as a check off box) for both new and continuing donors to inform the charity if they do not want their name and address shared outside the organization, (b) providing a clear, prominent and easily accessible privacy policy on any of its websites that tells visitors (i) what information, if any, is being collected about them by the charity and how this information will be used, (ii) how to contact the charity to review personal information collected and request corrections, (iii) how to inform the charity (e.g., a check off box) that the visitor does not wish his/her personal information to be shared outside the organization, and (iv) what security measures the charity has in place to protect personal information.

V Foundation does not meet this Standard because the privacy policy on the organization's website, https://www.v.org/, does not indicate:

  • What personal information is being collected and how it will be used.

V Foundation for Cancer Research meets the remaining 17 Standards for Charity Accountability.

Stated Purpose:
"to fund game-changing cancer research and all-star scientists to accelerate victory over cancer and save lives."

Year, State Incorporated:
1993, DE

V Foundation for Cancer Research (V Foundation) reports that its principal program service activities focus on funding and advancing cancer research to accelerate discoveries and improve patient outcomes. Through a peer-reviewed grant process, the organization awards research grants to scientists across the country, supporting early-career investigators, high-risk high-reward projects, and collaborative research efforts aimed at finding a cure for cancer. In 2024, V Foundation states that it awarded 36 scholar grants, distributed 25 grants to translational clinical research, and 16 grants relating to scientific interest or geographical reach across 21 states and Canada.

For the year ended September 30, 2025, V Foundation for Cancer Research's program expenses were:

Program services $43,476,865
Total Program Expenses $43,476,865

Chief Executive
Clark Kinlin, Chief Executive Officer

Compensation*
$42,000

Chair of the Board
Evan Goldberg

Chair's Profession / Business Affiliation
Senior Vice President, NetSuite Global Business Unit, Oracle Corporation

Board Size
45

Paid Staff Size
90

*2025 compensation, as reported by the organization, includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.

Note: Clark Kinlin assumed the position of Chief Executive Officer in August 2025. His salary represents the last two months of the fiscal year. In 2023, Shane Jacobson served as V Foundation's Chief Executive Officer, receiving $624,902 in compensation.

Method(s) Used:
Direct mail appeals, Television, Radio, Grant proposals, Internet, Planned giving arrangements, Cause-related marketing (affinity credit cards, consumer product sales, etc.), Workplace Giving

Fundraising costs were 8% of related contributions. (Related contributions, which totaled $55,579,330, are donations received as a result of fundraising activities.)

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.

The following information is based on V Foundation for Cancer Research's audited financial statements for the year ended September 30, 2025.

Source of Funds
Contributions $55,345,791
Investment income, net $11,031,901
Royalties $233,539
Rental income $133,075
Total Income $66,744,306

Programs: 84% Fundraising: 8% Administrative: 7%

Total Income $66,744,306
Total expenses: $51,597,516
  Program expenses $43,476,865
  Fundraising expenses $4,263,997
  Administrative expenses $3,856,654
  Other expenses $0
Income in Excess of Expenses $15,146,790
Beginning Net Assets $50,923,762
Other Changes In Net Assets $-498,607
Ending Net Assets $65,571,945
Total Liabilities $63,773,249
Total Assets $129,345,194

Note: As noted in the above financial section, "other changes in net assets" refers to a loss from bad debts.

An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.

This report is not to be used for fundraising or promotional purposes.

RELATED CONTENT

Report completed by:
BBB Wise Giving Alliance