Redefining possibilities was the goal of the 42nd annual Penn State Interfraternity Council/Panhellenic Dance Marathon and as the 46-hour weekend came to a close, $13,343,517.33 was raised for the Four Diamonds Fund. The total broke last year’s record-setting $12,374,034.46 and climbed the collective total raised to more than $113 million.
That’s a lot money. The challenge is to keep the books open so we can see where the money goes. Five years ago, over 90%(!) of the money was going into the Four Diamonds Fund. Marketplace trust is considered 65%, 90% is excellent. THON ought to open up the books completely so that we can learn where the money is coming from and more importantly, where it is going.
10 bushels of gold to the journalist who can explain, with evidence, why THON has set a new record every year since 2004.
Penn State Dance Marathon raised $12,374,034.46, over $1.6 million more than 2012. When I was a student, it broke $2 million and we were in amazed.
The Penn State IFC/Panhellenic Dance Marathon, affectionately known as THON, is a yearlong effort to raise funds and awareness for the fight against pediatric cancer. Since 1977, THON has raised more than $89 million for the Four Diamonds Fund at Penn State Hershey Children’s Hospital.
That total raised since 1977 is now over $100 million.
Also, the last I heard, over 90% of the money raised goes directly to the charity. That’s HUGE — marketplace trust is considered 65%.
THON total grows, tops $9.5 million – The Collegian
Penn State Dance Marathon raised $9,563,016.09 for the Four Diamonds Fund to fight pediatric cancer and support those families facing it. Over $1.5 million more than last year’s total was raised. Wow.
Money trail is hard to follow – CDT Many people would probably guess that the biggest sacred cow at Penn State is Joe Paterno. Well, as recent years have shown, he’s not completely sacred. The actual sacred cow is Dance Marathon, known as THON. It is an event that raises millions annually for charity but has little public oversight:
But Thon and the Four Diamonds Fund are not independent charitable organizations. Rather, they are part of Penn State and get their tax exempt status from the university. As such, they — and Penn State — are not required to make any part of their finances public.
This has not historically been an issue, but the local newspaper is wondering where all the money comes from. What they should be asking is “where does all of it go?”. THON and its beneficiaries would benefit from being forthcoming about where the money is going. I don’t see that coming to light or even being pushed for though. It should be.