The Biden Cancer Initiative was not a grant-giving organization, but a platform for people in the field to come together and collaborate.
However, the claim is misleading. On the Frequently Asked Questions page of the charity's website, which is now archived, the Initiative states that it is not a grant-giving organization, saying that it will "accomplish its mission through convening, connecting partners, catalyzing new actions, and providing venues to discuss progress and develop new actions and collaborations." This means that the purpose of the organization was not to give grants for research. Its main aim was to provide a platform for different experts in the field to come together and collaborate and not work in silos.
After only two years, the charity stopped operations when Biden and his wife stepped down for Joe Biden’s presidential run.