Close

Pan-Mass Challenge announces record-setting $45 million gift to Dana-Farber Cancer Institute, bringing 36-year fundraising total to a half-billion dollars

November 14, 2015 8:28 PM EST

NEEDHAM, Mass., Nov. 14, 2015 /PRNewswire/ -- The Pan-Mass Challenge (PMC) today announced a gift of $45 million to support adult and pediatric patient care and cancer research at Dana-Farber Cancer Institute, bringing the PMC's 36-year fundraising total to a half-billion dollars raised since the organization's inception in 1980. The PMC is Dana-Farber's largest single contributor, raising more than 50 percent of the Jimmy Fund's annual revenue and the $500 million fundraising total is the largest sum ever raised by a single athletic fundraising event.

The record gift was raised by 6,000 cyclists, including Massachusetts Governor Charlie Baker and Boston Mayor Marty Walsh, who participated in one of the PMC's twelve routes on Aug. 1 and 2, 2015, ranging from Sturbridge to Provincetown, Babson to Bourne and Babson to Patriot Place, among others. The 2015 PMC attracted riders and volunteers from 41 states and five countries, 600 of whom are cancer survivors or current patients, all considered "Living Proof" of the PMC mission to find a cure. Cyclists commit to raising between $500 and $5,000, 100 percent of which go directly to Dana-Farber.

"Each year, the PMC community impresses us tenfold with their passion, tenacity and ability to rally others in support of such an important cause," said PMC Founder and Executive Director, Billy Starr. "When I started the PMC 36-years ago, a half-billion dollars generated by a bike-a-thon was unimaginable. It is truly remarkable. All riders, volunteers, sponsors and donors have a lot to be proud of regarding moving cancer research and treatment forward significantly – and faster than would have been possible without their efforts."

"We are astounded by the PMC's unparalleled support and ability to continuously raise the bar with each and every ride weekend," said Edward J. Benz, Jr., MD, president and chief executive officer, Dana-Farber. "The PMC makes it possible, through their generous donations, for Dana-Farber to push the envelope in developing cutting-edge research and providing the most specialized patient care. These investments can be seen coming to life every day in the halls at Dana-Farber. The PMC has made and will continue to make a lasting, and very tangible, impact for our hospital and the cancer community worldwide."

The PMC was started in 1980 when Starr and 35 of his friends rode across Massachusetts and raised $10,200 for cancer research. It is recognized as the pioneering event that connected athleticism to charitable fundraising. Today, athletic fundraising events annually raise more than $4 billion, funding crucial programs at health and human service organizations nationwide.

The PMC is presented by the Red Sox Foundation and the New Balance Foundation. Another 200 companies support the event by providing more than $4 million in goods and services each year. During PMC weekend and throughout the year, more than 4,000 volunteers donate their time to support the organization. To make a financial contribution, visit www.pmc.org, or call (800) WE-CYCLE. Connect with #PMC2015 on FacebookTwitterInstagramPinterest and LinkedIn.

About the Pan-Mass ChallengeThe Pan-Mass Challenge (PMC) is a bike-a-thon that today raised more money for charity than any other single athletic fundraising event in the world. The PMC was founded in 1980 by Billy Starr, who remains the event's executive director, an annual cyclist, and a fundraiser. The PMC has since raised $500 million for adult and pediatric patient care and cancer research at Dana-Farber Cancer Institute through the Jimmy Fund. The event donates 100 percent of every rider-raised dollar directly to the cause. The PMC generates more than 50 percent of the Jimmy Fund's annual revenue and is Dana-Farber's single largest contributor. The PMC has successfully melded support from committed cyclists, volunteers, corporate sponsors and individual contributors. All are essential to the PMC's goal and model: to attain maximum fundraising efficiency while increasing its annual gift. The PMC's hope and aspiration is to provide Dana-Farber's doctors and researchers with the necessary resources to discover cures for all cancers. For more information on the Pan-Mass Challenge, log onto www.pmc.org 

About Dana-Farber Cancer InstituteDana-Farber Cancer Institute, a principal teaching affiliate of Harvard Medical School, is world renowned for its leadership in adult and pediatric cancer treatment and research. Designated as a comprehensive cancer center by the National Cancer Institute (NCI), it is one of the largest recipients among independent hospitals of NCI and National Institutes of Health grant funding. For more information, go to www.dana-farber.org.

 

 

Photo - http://photos.prnewswire.com/prnh/20151113/287413 Logo - http://photos.prnewswire.com/prnh/20151113/287326LOGO

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/pan-mass-challenge-announces-record-setting-45-million-gift-to-dana-farber-cancer-institute-bringing-36-year-fundraising-total-to-a-half-billion-dollars-300178881.html

SOURCE Pan-Mass Challenge



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Press Releases

Related Entities

Needham & Company, Twitter