The V Foundation for Cancer Research was founded in 1993 by ESPN and the late Jim Valvano, legendary North Carolina State basketball coach and ESPN commentator. Since 1993, the Foundation has raised more than $80 million to fund cancer research grants nationwide. It awards 100 percent of all direct cash donations and net proceeds of events directly to cancer research and related programs. The Foundation, which has received six consecutive 4-star ratings (highest possible) from Charity Navigator, awards grants through a competitive awards process strictly supervised by a Scientific Advisory Board.