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Nonprofit · EIN 13-3705951

THE V FOUNDATION

Tax-exempt · CARY, NC 27513

Financials

$47.8M$50.4M2022$62.4M$51.9M2023$61.6M$70.6M2024
Revenue Expenses · by fiscal year end
Financials of THE V FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
September 30, 2025990$61,639,637$70,594,561-$8,954,924$145,853,123$85,546,961$60,306,162
September 30, 2024990$62,401,014$51,901,965$10,499,049$129,345,194$63,773,249$65,571,945
September 30, 2023990$47,813,363$50,407,793-$2,594,430$99,605,978$48,682,216$50,923,762
Financial details: 990 for the year ended September 30, 2025

Revenue

Contributions, gifts and grants
$57,056,700
Program service revenue
$0
Investment income
$4,300,252
Royalties
$147,028
Net rental income
$135,657
Net gain from sales of assets
$690,227
Other revenue
$282,685

Expenses

Grants and similar amounts paid
$58,781,048
Compensation of officers, directors and key employees
$1,417,895
Other salaries and wages
$4,358,815
Salaries, compensation and benefits (total)
$7,333,829
Professional fundraising fees
$0
Occupancy
$168,802
Travel
$478,651
Depreciation
$72,971
Program services (functional)
$60,701,270
Management and general (functional)
$4,943,915
Fundraising (functional)
$4,949,376

Balance sheet and other

Total assets, start of year
$129,345,194
Total assets, end of year
$145,853,123
Total liabilities, end of year
$85,546,961
Net assets, end of year
$60,306,162
Land, buildings and equipment
$1,486,682
Publicly traded securities
$79,178,736
Net assets without donor restrictions
$5,056,450
Net assets with donor restrictions
$55,249,712
Gross receipts
$74,569,089
Employees
91
Volunteers
60
Year formed
1993
State of legal domicile
DE

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended September 30, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
SHANE JACOBSONCHIEF EXECUTIVE OFFICER THR: 8/25
Trustee or director, Officer
20$590,980$41,297
SUSANNA GREERCHIEF SCIENTIFIC OFFICER
Key employee
40$315,918$40,697
LAUREN HALLCHIEF DEVELOPMENT OFFICER THR: 12/24
Key employee
28$320,746$15,285
ROGER FERGUSONCHIEF MARKETING OFFICER
Key employee
26$309,660$19,935
CARRIE THOMASSR. VICE PRESIDENT, PARTNERSHIP
Highest-paid employee
26$251,021$39,014
DEVIN GILREATHCHIEF FINANCIAL OFFICER
Officer
26$246,298$40,688
JANE DIANE BAERSR. VICE PRESIDENT, MARKET DEVELOPMENT AND EVENTS
Highest-paid employee
0$222,495$31,413
PHILIP PILEWSKIVICE PRESIDENT, PRINCIPAL GIFTS
Highest-paid employee
28$209,752$38,045
MAX DULEYSR. VICE PRESIDENT, PHILANTHROPY AND AUCTIONS
Highest-paid employee
0$206,391$38,075
KARA COLEMANVICE PRESIDENT, RESEARCH AND GRANTS
Highest-paid employee
40$177,556$28,318
JACKIE AANESCHIEF OF STAFF
Key employee
26$167,729$38,011
CHANDA JEANINE DOUGLAS WARDVP, HUMAN RESOURCES KEY EE THR: 7/25
Key employee
20$166,342$17,755
CLARK KINLINDIRECTOR/INTERIM CEO FR: 7/25
Trustee or director, Officer
20$0$0
EVAN GOLDBERGCHAIR
Trustee or director, Officer
1$0$0
PAMELA VALVANO STRASSERCHAIRWOMAN
Trustee or director, Officer
1$0$0
44 more people on this return
NameTitleHours / weekCompensation
GEORGE BODENHEIMERSECRETARY
Trustee or director, Officer
1$0
CONSTANCE E SKIDMORETREASURER
Trustee or director, Officer
1$0
NICHOLAS P VALVANOPRESIDENT EMERITUS
Trustee or director
1$0
ROBERT BAST JR MDDIRECTOR
Trustee or director
1$0
JEFF BERRYDIRECTOR
Trustee or director
1$0
JAY BILASDIRECTOR
Trustee or director
1$0
STEVEN M BORNSTEINDIRECTOR
Trustee or director
1$0
EDWARD BOUSADIRECTOR FR: 12/24
Trustee or director
1$0
THOMAS E CABANISSDIRECTOR
Trustee or director
1$0
JULIE CHASEDIRECTOR
Trustee or director
1$0
NANCY DAVIDSON MDDIRECTOR
Trustee or director
1$0
GEORGE W DENNIS IIIDIRECTOR THR: 9/25
Trustee or director
1$0
RITA FERRODIRECTOR
Trustee or director
1$0
MATT HONGDIRECTOR
Trustee or director
1$0
MICHAEL B KASTAN MD PHDDIRECTOR
Trustee or director
1$0
MICHAEL W KRZYZEWSKIDIRECTOR
Trustee or director
1$0
CARL C LIEBERT IIIDIRECTOR
Trustee or director
1$0
FJ JOE LOUGHREYDIRECTOR
Trustee or director
1$0
NANCY MAJOR MDDIRECTOR
Trustee or director
1$0
JULIE MAPLESDIRECTOR
Trustee or director
1$0
MICHAEL C MACDONALDDIRECTOR THR: 9/25
Trustee or director
1$0
GEOFFREY S MASONDIRECTOR THR: 5/25
Trustee or director
1$0
MARC MENTRYDIRECTOR
Trustee or director
1$0
JOSEPH O MOORE MDDIRECTOR
Trustee or director
1$0
ROBERT C NAKASONEDIRECTOR
Trustee or director
1$0
WILLIAM NELSON MDPHDDIRECTOR THR: 9/25
Trustee or director
1$0
BILL NEWLANDSDIRECTOR FR: 12/24
Trustee or director
1$0
DONNA ORENDERDIRECTOR
Trustee or director
1$0
JAMES PITARODIRECTOR
Trustee or director
1$0
KEVIN PLANKDIRECTOR
Trustee or director
1$0
BUSTER POSEYDIRECTOR
Trustee or director
1$0
LAWRENCE C PROBST IIIDIRECTOR
Trustee or director
1$0
HARRY E RHOADS JRDIRECTOR
Trustee or director
1$0
SAGE STEELEDIRECTOR THR: 9/25
Trustee or director
1$0
STUART A TAYLOR IIDIRECTOR
Trustee or director
1$0
JOHN W THIELDIRECTOR
Trustee or director
1$0
ROBERT VALVANODIRECTOR
Trustee or director
1$0
DICK VITALEDIRECTOR
Trustee or director
1$0
DERECK WHITTENBURGDIRECTOR
Trustee or director
1$0
DAVID W WILLIAMSDIRECTOR
Trustee or director
1$0
NORBY WILLIAMSONDIRECTOR
Trustee or director
1$0
CIARA WILSONDIRECTOR
Trustee or director
1$0
RUSSELL WILSONDIRECTOR
Trustee or director
1$0
DON YAEGERDIRECTOR
Trustee or director
1$0
990 for the year ended September 30, 2024: 56 people
NameTitleHours / weekCompensationOther / benefits
SHANE JACOBSONCHIEF EXECUTIVE OFFICER
Trustee or director, Officer
20$582,729$42,173
SUSANNA GREERCHIEF SCIENTIFIC OFFICER
Key employee
40$311,716$41,449
PHILIP PILEWSKIEXECUTIVE DIRECTOR OF DEVELOPMENT
Highest-paid employee
28$212,518$36,180
ROGER FERGUSONCHIEF MARKETING OFFICER
Key employee
26$236,707$5,065
DEVIN GILREATHCHIEF FINANCIAL OFFICER
Officer
28$197,059$36,761
JANE BAERSR VP MARKET DEVELOPMENT & EVENTS
Highest-paid employee
0$201,317$27,821
KRAIG MAX DULEYVP AUCTIONS & MARKET DEVELOPMENT
Highest-paid employee
0$189,221$34,535
MARY ELLEN CURRANVP PARTNER STEWARDSHIP TO 01/2024
Highest-paid employee
40$182,479$19,948
CHANDA DOUGLAS-WARDVP, HUMAN RESOURCES
Highest-paid employee
28$148,941$18,429
CONSTANCE E SKIDMORETREASURER
Trustee or director, Officer
1$0$0
GEORGE BODENHEIMERSECRETARY
Trustee or director, Officer
1$0$0
EVAN GOLDBERGCHAIR
Trustee or director, Officer
1$0$0
PAMELA VALVANO STRASSERCHAIRWOMAN
Trustee or director, Officer
1$0$0
ROBERT BAST JR MDDIRECTOR
Trustee or director
1$0$0
NICHOLAS P VALVANOPRESIDENT EMERITUS
Trustee or director
1$0$0
JEFF BERRYDIRECTOR
Trustee or director
1$0$0
JAY BILASDIRECTOR
Trustee or director
1$0$0
STEVEN M BORNSTEINDIRECTOR
Trustee or director
1$0$0
THOMAS E CABANISSDIRECTOR
Trustee or director
1$0$0
JULIE CHASEDIRECTOR
Trustee or director
1$0$0
NANCY DAVIDSON MDDIRECTOR
Trustee or director
1$0$0
GEORGE W DENNIS IIIDIRECTOR
Trustee or director
1$0$0
RITA FERRODIRECTOR
Trustee or director
1$0$0
MATT HONGDIRECTOR
Trustee or director
1$0$0
MICHAEL B KASTAN MD PHDDIRECTOR
Trustee or director
1$0$0
CLARK KINLINDIRECTOR
Trustee or director
1$0$0
MARK KINGDIRECTOR TO 05/2024
Trustee or director
1$0$0
MICHAEL W KRZYZEWSKIDIRECTOR
Trustee or director
1$0$0
CARL C LIEBERT IIIDIRECTOR
Trustee or director
1$0$0
FJ JOE LOUGHREYDIRECTOR
Trustee or director
1$0$0
MICHAEL C MACDONALDDIRECTOR
Trustee or director
1$0$0
NANCY MAJOR MDDIRECTOR
Trustee or director
1$0$0
JULIE MAPLESDIRECTOR
Trustee or director
1$0$0
GEOFFREY S MASONDIRECTOR
Trustee or director
1$0$0
MARC MENTRYDIRECTOR
Trustee or director
1$0$0
JOSEPH O MOORE MDDIRECTOR
Trustee or director
1$0$0
ROBERT C NAKASONEDIRECTOR
Trustee or director
1$0$0
WILLIAM NELSON MDPHDDIRECTOR
Trustee or director
1$0$0
DONNA ORENDERDIRECTOR
Trustee or director
1$0$0
JAMES PITARODIRECTOR
Trustee or director
1$0$0
KEVIN PLANKDIRECTOR
Trustee or director
1$0$0
BUSTER POSEYDIRECTOR
Trustee or director
1$0$0
LAWRENCE F PROBST IIIDIRECTOR
Trustee or director
1$0$0
HARRY E RHOADS JRDIRECTOR
Trustee or director
1$0$0
SAGE STEELEDIRECTOR
Trustee or director
1$0$0
STUART A TAYLOR IIDIRECTOR
Trustee or director
1$0$0
JOHN W THIELDIRECTOR
Trustee or director
1$0$0
ROBERT VALVANODIRECTOR
Trustee or director
1$0$0
DICK VITALEDIRECTOR
Trustee or director
1$0$0
DERECK WHITTENBURGDIRECTOR
Trustee or director
1$0$0
DAVID W WILLIAMSDIRECTOR
Trustee or director
1$0$0
NORBY WILLIAMSONDIRECTOR
Trustee or director
1$0$0
CIARA WILSONDIRECTOR
Trustee or director
1$0$0
RUSSELL WILSONDIRECTOR
Trustee or director
1$0$0
LARRY WOODARDDIRECTOR TO 05/2024
Trustee or director
1$0$0
DON YAEGERDIRECTOR FROM 12/2023
Trustee or director
1$0$0
990 for the year ended September 30, 2023: 57 people
NameTitleHours / weekCompensationOther / benefits
SHANE JACOBSONCEO
Trustee or director, Officer
20$554,966$39,378
JONATHAN KARRONCHIEF MARKETING OFFICER TO 2/2023
Key employee
26$277,991$22,873
TIMOTHY MINORCDO TO 12/2022
Key employee
28$265,596$24,202
PHILIP PILEWSKIEXECUTIVE DIRECTOR OF DEVELOPMENT
Highest-paid employee
28$201,692$33,998
DEVIN GILREATHCFO
Officer
28$196,951$35,316
SUSANNA GREERCHIEF SCIENTIFIEC OFFICER FR 4/2022
Key employee
40$201,031$23,513
REBECCA RITTDIRECTOR OF MAJOR GIFTS TO 6/2023
Highest-paid employee
28$160,720$18,627
CAROLE WEGNER PHDSR VP RESEARCH & GRANTS TO 6/2023
Highest-paid employee
40$145,486$24,736
ALESIA HUSBANDSR DIR, ACCOUNTING TO 6/2023
Highest-paid employee
28$126,887$34,942
JONATHAN ALHARTEXE DIR BRAND MARKETING & STORYTELLING
Highest-paid employee
40$110,354$25,312
ROBERT BAST JR MDVICE-CHAIR
Trustee or director, Officer
1$0$0
GEORGE BODENHEIMERSECRETARY
Trustee or director, Officer
1$0$0
EVAN GOLDBERGCHAIR
Trustee or director, Officer
1$0$0
CONSTANCE E SKIDMORETREASURER
Trustee or director, Officer
1$0$0
PAMELA VALVANO STRASSERCHAIRWOMAN
Trustee or director, Officer
1$0$0
NICHOLAS P VALVANOPRESIDENT EMERITUS
Trustee or director
1$0$0
JEFF BERRYDIRECTOR
Trustee or director
1$0$0
JAY BILASDIRECTOR
Trustee or director
1$0$0
STEVEN M BORNSTEINDIRECTOR
Trustee or director
1$0$0
THOMAS E CABANISSDIRECTOR
Trustee or director
1$0$0
JULIE CHASEDIRECTOR
Trustee or director
1$0$0
NANCY E DAVIDSON MDDIRECTOR
Trustee or director
1$0$0
GEORGE W DENNIS IIIDIRECTOR
Trustee or director
1$0$0
RITA FERRODIRECTOR
Trustee or director
1$0$0
MATT HONGDIRECTOR
Trustee or director
1$0$0
MICHAEL B KASTAN MD PHDDIRECTOR
Trustee or director
1$0$0
CLARK KINLINDIRECTOR
Trustee or director
1$0$0
MARK KINGDIRECTOR
Trustee or director
1$0$0
MICHAEL W KRZYZEWSKIDIRECTOR
Trustee or director
1$0$0
CARL C LIEBERT IIIDIRECTOR
Trustee or director
1$0$0
FJ JOE LOUGHREYDIRECTOR
Trustee or director
1$0$0
MICHAEL C MACDONALDDIRECTOR
Trustee or director
1$0$0
NANCY MAJOR MDDIRECTOR FROM 12/2022
Trustee or director
1$0$0
JULIE MAPLESDIRECTOR
Trustee or director
1$0$0
GEOFFREY S MASONDIRECTOR
Trustee or director
1$0$0
MARC MENTRYDIRECTOR FROM 12/2022
Trustee or director
1$0$0
JOSEPH O MOORE MDDIRECTOR
Trustee or director
1$0$0
ROBERT C NAKASONEDIRECTOR
Trustee or director
1$0$0
WILLIAM NELSON MDPHDDIRECTOR
Trustee or director
1$0$0
DONNA ORENDERDIRECTOR
Trustee or director
1$0$0
JAMES PITARODIRECTOR
Trustee or director
1$0$0
KEVIN PLANKDIRECTOR
Trustee or director
1$0$0
BUSTER POSEYDIRECTOR
Trustee or director
1$0$0
LAWRENCE F PROBST IIIDIRECTOR
Trustee or director
1$0$0
HARRY E RHOADS JRDIRECTOR
Trustee or director
1$0$0
DAVID ROBINSONDIRECTOR TO 8/2023
Trustee or director
1$0$0
SAGE STEELEDIRECTOR
Trustee or director
1$0$0
STUART A TAYLOR IIDIRECTOR
Trustee or director
1$0$0
JOHN W THIELDIRECTOR
Trustee or director
1$0$0
ROBERT VALVANODIRECTOR
Trustee or director
1$0$0
DICK VITALEDIRECTOR
Trustee or director
1$0$0
DERECK WHITTENBURGDIRECTOR
Trustee or director
1$0$0
DAVID W WILLIAMSDIRECTOR
Trustee or director
1$0$0
NORBY WILLIAMSONDIRECTOR
Trustee or director
1$0$0
CIARA WILSONDIRECTOR
Trustee or director
1$0$0
RUSSELL WILSONDIRECTOR
Trustee or director
1$0$0
LARRY WOODARDDIRECTOR
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
14600 WESTON PARKWAY, CARY, NC 27513-2259
Principal officer (990 for 2024)
DEVIN GILREATH, 14600 WESTON PARKWAY, CARY, NC 27513
Signed the 990
DEVIN GILREATH, CHIEF FINANCIAL OFFICER
Phone
(919) 380-9505
Website
V.ORG
Return prepared by
BLACKMAN & SLOOP ADVISORS INC

Mission

WE FUND GAME-CHANGING RESEARCH AND ALL-STAR SCIENTISTS TO ACCELERATE VICTORY OVER CANCER AND SAVE LIVES.

990 for the year ended September 30, 2025

Program accomplishments

  • IN FY 2025, THE FOUNDATION AWARDED 37 V SCHOLAR GRANTS TO IDENTIFY, RETAIN AND FURTHER THE CAREERS OF TALENTED YOUNG INVESTIGATORS, 17 GRANTS IN TRANSLATIONAL CLINICAL RESEARCH, 11 GAME-CHANGER (DESIGNATED) GRANTS INSPIRED BY PARTICULAR AREAS OF SCIENTIFIC INTEREST AND/OR GEOGRAPHIC REACH, 22 ALL-STAR GRANTS TO REINVEST IN PREVIOUS V SCHOLAR OR TRANSLATIONAL GRANT RECIPIENTS, AND 2 MISSON GRANTS SUPPORTING EDUCATIONAL PROJECTS TO ADVANCE RESEARCH PROCESSES. THESE GRANTS WERE AWARDS TO RESEARCHERS AT LEADING INSTITUTIONS ACROSS 27 STATES AND CANADA. THE V FOUNDATION ENSURES THAT RESOURCES REACH THE BEST AND MOST PROMISING CANCER RESEARCHERS AND PROJECTS. WE ASSURE DONORS THAT THEY ARE MAKING A SOUND INVESTMENT BECAUSE WE TAKE A STRATEGIC APPROACH TO OUR FUNDING. WE FOCUS ON EMERGING, HIGH-IMPACT OPPORTUNITIES AND ADDRESS CRITICAL KNOWLEDGE GAPS IN SCIENCE. WE REALIZE THAT, FOR SOMEONE AT RISK OF CANCER OR ALREADY BEING TREATED FOR IT, TIME IS CRITICAL. THERE IS NOT A MOMENT TO LOSE.
    Expenses $60,701,270 · grants $58,781,048

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025September 30, 2026February 15, 2027Not due yet
2024September 30, 2025February 16, 2026990 on file
2023September 30, 2024February 17, 2025990 on file

IRS record

EIN
13-3705951
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1993
Accounting year ends
September
Files
Form 990 or 990-EZ
Category (NTEE)
Medical research (H12)
Assets (IRS master file)
$145,853,123
Income (IRS master file)
$74,569,089

Filing history

FormYear endedRevenueExpensesAssetsReturn
990September 2025$61,639,637$70,594,561$145,853,123XML
990September 2024$62,401,014$51,901,965$129,345,194XML
990September 2023$47,813,363$50,407,793$99,605,978XML
990September 2022$38,304,202$33,070,010$79,722,279IRS
990September 2021–––IRS
990September 2020–––IRS
990September 2019–––IRS
990September 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-3705951).

Questions about THE V FOUNDATION

What is the EIN of THE V FOUNDATION?
The employer identification number (EIN) of THE V FOUNDATION is 13-3705951.
Is THE V FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
Are donations to THE V FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does THE V FOUNDATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of THE V FOUNDATION due?
The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did THE V FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended September 2025.
Who is the principal officer of THE V FOUNDATION?
The 990 for the year ended September 30, 2025 names DEVIN GILREATH.
Who are the officers and directors of THE V FOUNDATION?
The 990 for the year ended September 30, 2025 lists 59 people; 12 received compensation from the organization, the highest $590,980 (SHANE JACOBSON, CHIEF EXECUTIVE OFFICER THR: 8/25).
How much revenue does THE V FOUNDATION have?
On its 990 for the year ended September 30, 2025 it reported revenue of $61,639,637, expenses of $70,594,561 and total assets of $145,853,123 at year end.

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