OUR THOUGHTS ON:

Schneider Downs Rode for Cancer Research

Not-for-Profit|Schneider Downs

By Mark Shumaker

We are proud that our first Peloton “Team Schneider Downs” consisted of 13 riders, one virtual rider, three volunteers and countless financial supporters throughout both offices. This small, but determined, group successfully raised over $22,200 for cancer research through work-related events, community outreach and individual fundraising. The money raised will be added to the Pelotonia14 total, which raised over $13,353,000 this year and consisted of 7,270 bicycle riders. It’s also important to recognize that Pelotonia has raised over $73.6 million for cancer research since its inception in 2009.

Where Does Our Money Go?

The model of Pelotonia remains simple: Pelotonia’s operating expenses are covered by the funding partners so that 100% of every dollar raised by Pelotonia riders and volunteers goes directly to fund cancer research at The Ohio State University Comprehensive Cancer Center—Arthur G. James Cancer Hospital and Richard J. Solove Research Institute.

In 2008, research physician Mike Caligiuri recognized the need to expand current funding, and proposed a grass roots cycling event in Ohio. The simple mission is to end cancer in the next three decades, and the Pelotonia rallying-cry has become “One Goal-->End Cancer.” Between 2009 and 2013, $61 million has been raised for cancer research, and their current goal is to raise $100 million over the next five years.

Money raised through Pelotonia is distributed throughout four general areas. First, a significant amount goes to “idea grants,” which consist of ideas that are too early in the process to get funded by the National Institute of Health. Since its inception, nearly 40 of these “what if” ideas have been funded by Pelotonia money. Secondly, Pelotonia money has been invested in nearly 200 scholarships for researchers interested in ending cancer. The third area that Pelotonia funds are invested in is the latest tools that researchers need. The final area that Pelotonia money goes to is recruitment of the best and brightest researchers. Since no two cancers are alike, it’s imperative that “super-specialists” are given the latest tools to find answers to the mysteries of cancer. The Ohio State University Comprehensive Cancer Center—Arthur G. James Cancer Hospital and Richard J. Solove Research Institute is currently supporting over 160 of these scientists, physicians and physician scientists.

A sincere thank you goes out to everyone who supported Team Schneider Downs this year.

© 2014 Schneider Downs. All rights-reserved. All content on this site is property of Schneider Downs unless otherwise noted and should not be used without written permission.

This advice is not intended or written to be used for, and it cannot be used for, the purpose of avoiding any federal tax penalties that may be imposed, or for promoting, marketing or recommending to another person, any tax related matter.

You’ve heard our thoughts… We’d like to hear yours

The Schneider Downs Our Thoughts On blog exists to create a dialogue on issues that are important to organizations and individuals. While we enjoy sharing our ideas and insights, we’re especially interested in what you may have to say. If you have a question or a comment about this article – or any article from the Our Thoughts On blog – we hope you’ll share it with us. After all, a dialogue is an exchange of ideas, and we’d like to hear from you. Email us at contactSD@schneiderdowns.com.

Material discussed is meant for informational purposes only, and it is not to be construed as investment, tax, or legal advice. Please note that individual situations can vary. Therefore, this information should be relied upon when coordinated with individual professional advice.

© 2018 Schneider Downs. All rights-reserved. All content on this site is property of Schneider Downs unless otherwise noted and should not be used without written permission.

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