#465: Pan-Mass Challenge Raises $46 Million In 2016, $546 Million Over 37 Years
Never miss another interview! Join Devin here: http://bit.ly/joindevin. Read the full Forbes article and watch the interview here: http://bit.ly/2cmXUcQ. Subscribe to this podcast on iTunes by clicking here: http://bit.ly/ymotwitunes or on Stitcher by clicking here: http://bit.ly/ymotwstitcher. ------------------------ The Pan-Mass Challenge 200 mile bike-a-thon in Massachussetts appears to be the biggest athletic-based nonprofit fundraiser in the world. Founded by Billy Starr in 1980, the just completed 2016 event will raise about $46 million for the Dana-Farber Cancer Institute. According to Starr, the PMC has an annual operating budget of about $4 million. Another $5 million of in-kind donations make it possible for 100 percent of donations to go to Dana-Farber. PMC funds the operating budget with event sponsorships and registrations so that 100 percent of funds donated can go directly to Dana-Farber for cancer research and treatment. Riders are required to pay a registration fee of up to $230 in addition to raising $4,500 in donations. On average, the 6,300 riders each raise $7,500, according to Starr. He started the PMC in 1980 after losing his mother, a cousin and an uncle to cancer in the 70s. He started, he says, “before biking was popular.” The goal was to raise money. The first event raised about $10,000 from 36 riders, including Starr, who continues to ride every year. ------------------------ Read the full Forbes article and watch the interview here: http://bit.ly/2cmXUcQ. Need a corporate social responsibility speaker? Learn more about Devin Thorpe at http://devinthorpe.com.