04/24/2010 05:12 am ET Updated Dec 06, 2017

Thon 2010 Raises Nearly $8 Million For Cancer Research

THON 2010, an annual dance competition held by Penn State University, has shattered its previous records by raising over $7.8 million dollars for pediatric cancer research. THON is the largest student-run philanthropic effort in the world.

Officially titled the Penn State IFC/Panhellenic Dance Marathon, the event has raised money for The Four Diamonds Fund at Penn State Children's Hospital since 1977.

Penn State's newspaper describes an elated and shocked crowd:

[Marathon Chairwoman Caitlin] Zanowski credited success of this year's THON to the volunteers, organizations and families, saying that it was a two-way street where students love to help the families that need them.

"It's amazing how this thing works out. It's my 33rd THON and each year it's just such a force of energy, dedication and love," said Charles Millard, founder of the Four Diamonds Fund.

>The crowd at Bryce Jordan Center at Penn State.

Donations are accepted through THON -- plans are already in the works for next year.