ah. common misconception. THON and the Fund were created in the same year, 1972 (making this year THON's 40th anniversary!! WOOT!) but the Fund did not become the sole beneficiary of THON until 1977. Also, THON donates money to the Four Diamond Fund, but the Fund has no organizational responsibilities over THON; Everything about THON is run exclusively by students.
Students organize THON; THON donates money to 4D -FUND.