Pan-Mass Challenge Sets New Fundraising Record of $39M
November 4, 2013 The Pan-Massachusetts Challenge, a Needham-based nonprofit, announced that its annual two-day cycling event last August raised a record $39 million, helping it maintain its position for organizing the most successful athletic fundraising event in the country.
The Pan-Massachusetts Challenge
(PMC) funds support cancer research and patient care at Dana-Farber Cancer Institute
in Boston, and the Jimmy Fund
, which raises funds to support research at Dana-Farber.
A total of 5,533 cyclists from five countries and 38 U.S. states rode one of 11 routes that ranged from 25 to 190 miles. More than 240,000 individuals supported their efforts with contributions.
Riders included more than 300 cancer survivors and current cancer patients as well as avid cyclists and weekend warriors. Many rode in support of loved ones being treated for cancer or in memory of those who have been lost to the disease.
In addition, approximately 3,300 volunteers and 200 companies, supplying almost $5 million in products and services, provided riders with food, mechanical and medical assistance, luggage transport, and support of all kinds.
PMC Founder and Executive Director Billy Starr presented a ceremonial check to Dana-Farber Cancer Institute at a brunch celebration held Nov. 3 at Legal Harborside in South Boston. More than 600 PMC cyclists, volunteers and family members were in attendance.
Noting that PMC cyclists are among the top fundraisers in the country, Starr said that since the 2009 recession, fund raised by PMC has grown from $30 million to $39 million.
"The support from the PMC enables our scientists to conduct the earliest forms of research, before it is eligible for government or other funds," says Dana-Farber President Edward J. Benz Jr., MD. "The next new treatments for cancer may be the result of PMC funding."
The PMC is Dana-Farber's largest single contributor and the event raises nearly 50% of the Jimmy Fund's annual revenue.
All funds raised by riders is given directly to the Jimmy Fund, a charity pass-through rate that PCM said is nearly unparalleled within the athletic fundraising event industry, while other donations support management of the event.
The NonProfit Times this week ranked Dana-Farber no. 16 among the 100 largest nonprofits in the country, in terms of annual revenue, with $1.02 billion in revenue fiscal 2012, as reported. The only other Massachusetts based nonprofit included on the listing was Childrens Hospital Boston
, ranked no. 12 with $1.38 billion in revenue.
Established in 1980 as one of the first athletic fundraising events for charity in the nation, PMC in its first year attracted 36 cyclists who raised $10,200 for the Jimmy Fund.