The V Foundation and Don’t Ever Give Up, Inc. are two separate non-profit 501 (c) (3)’s that can be best described as follows:
V Foundation: Formed in 1993 by Jim Valvano to raise money to fund cancer research; and
Don’t Ever Give Up, Inc.: Formed in 2015 to raise funds for the V Foundation, this organization is the fundraising support arm for the V Foundation.
Although both organizations are separate non-profits,they are related because one exists (Don’t Ever Give Up, Inc.) to support the other (V Foundation). Both organizations operate out of the same office (14600 Weston Parkway) in Cary, NC. Although Don’t Ever Give Up, Inc. reports having no employees, they have compensation related costs because they utilize staff of the V Foundation and reimburse the organization for those costs along with office related and other expenses. Read more
The V Foundation was founded by Jim Valvano, the legendary basketball coach who died in 1993 when he was 47 years old. Based in Cary, North Carolina, the V Foundation was established to raise funds for cancer research so the organization engages in primarily two functions: fundraising and awarding grants. However, it is also important to note that an affiliate organization – Don’t Ever Give Up, Inc. – a non-profit 501 (c) (3) – that operates out of the same office – exists to raise funds for the V Foundation.
It is unclear why Don’t Ever Give Up, Inc. was established (in 2015) to raise funds when one of the two purposes of the V Foundation is to raise funds. Sometimes non-profits form an affiliate organization to focus solely on fundraising so that the primary organization’s fundraising costs appear lower than what they actually are. To fully understand the V Foundation, it is necessary to look at the IRS Form 990’s of BOTH organizations. If both organizations were considered collectively (since Don’t Ever Give Up, Inc. exists to support the V Foundation), then a more accurate picture of revenue and expenses are revealed. Read more