Foundation Fighting Blindness Renames Venture Philanthropy Arm to Gund Vision Fund
The Foundation Fighting Blindness announced the rebranding of its venture philanthropy arm, previously known as the Retinal Degeneration Fund (RD Fund), to the Gund Vision Fund. The new name honors Gordon Gund and his family for over five decades of leadership and support in advancing research on retinal diseases. Since 2018, the fund has grown into a leading model of venture philanthropy by managing more than $140 million in capital and investing over $100 million directly into 20 companies focused on developing treatments. The rebranding coincides with an active $100 million fundraising campaign to accelerate treatment development for inherited retinal diseases and dry AMD. The Gordon and Llura Gund Foundation has pledged a lead challenge gift of $50 million, matching contributions up to that amount. This effort aims to double the impact of every donation made during the campaign. The Gund Vision Fund operates as a 501(c)(3) nonprofit subsidiary dedicated solely to advancing therapeutics for retinal diseases and dry age-related macular degeneration (AMD). The Foundation Fighting Blindness, established in 1971, has raised nearly $1 billion toward its mission of accelerating research into these conditions.
Topics: Nonprofit Organizations Philanthropy Venture Capital