EIN 35-1052049

Purdue Research Foundation (PRF)

IRS 501(c) type
501(c)(3)
Num. employees
502
State
Year formed
1930
Most recent tax filings
2023-06-01
Description
The mission of the Purdue Research Foundation is to advance Purdue University's quest for preeminence in discovery, learning, and engagement through effective stewardship of assets.
Total revenues
$169,421,704
2023
Total expenses
$199,166,269
2023
Total assets
$4,439,087,595
2023
Num. employees
502
2023

Program areas at PRF

Purdue Research Foundation (the Foundation) was created in 1930. The primary purpose of the Foundation is to promote the educational purpose of Purdue University (the University); seek, acquire, manage gifts, bequests and endowments; make funding available to faculty, staff, and students to aid in scientific investigation, research or educational studies; develop land to provide proper spaces for the University's innovations to thrive; and manage intellectual property developed at the University and ensure technologies developed at the University are patented and licensed and to advance these innovations toward market impact by assisting start-up companies formed around intellectual property developed at the University.

Grants made by PRF

GranteeGrant descriptionAmount
Trustees of Purdue University / Purdue UniversityScholarship and Research$52,227,816
Boilermaker Health InnovationsGeneral Support$242,580

Who funds Purdue Research Foundation (PRF)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Lilly EndowmentMitchell E. Daniels SCHL of Business$50,000,000
Lilly EndowmentPurdue Computes Initiative$50,000,000
Lilly EndowmentColleges & Communities Initiative$25,000,000
...and 130 more grants received totalling $166,533,604

Personnel at PRF

NameTitleCompensation
David CooperBoard Member$406,252
Scott SeidleChief Financial Officer and Treasurer$358,063
David BroeckerBoard Member$412,220
Judith A. HallChief Human Resources Officer and Corporate Secretary$116,965
Richard J. MichalBoard Member$247,374
...and 19 more key personnel

Financials for PRF

RevenuesFYE 06/2023
Total grants, contributions, etc.$43,909,235
Program services$39,353,397
Investment income and dividends$25,801,151
Tax-exempt bond proceeds$0
Royalty revenue$23,265,094
Net rental income$8,105,380
Net gain from sale of non-inventory assets$25,368,000
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$3,619,447
Total revenues$169,421,704

Form 990s for PRF

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-02990View PDF
2022-062023-05-11990View PDF
2021-062022-05-04990View PDF
2020-062021-05-20990View PDF
2019-062021-01-27990View PDF
...and 9 more Form 990s
Data update history
May 18, 2024
Received grants
Identified 5 new grant, including a grant for $402,013 from Charities Aid Foundation of America
January 3, 2024
Received grants
Identified 43 new grant, including a grant for $5,035,000 from The Bessemer Giving Fund
October 25, 2023
Received grants
Identified 13 new grant, including a grant for $907,631 from Charles J Lynn
August 19, 2023
Received grants
Identified 96 new grant, including a grant for $3,135,000 from Marin Community Foundation
August 15, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Grantmaking organizationsSchoolsHeadquarter / parent organizationsCharities
Issues
Education
Characteristics
MembershipsLobbyingConservation easementOperates internationallyNational levelEndowed supportTax deductible donationsAccepts online donations
General information
Address
1281 Win Hentschel Blvd
West Lafayette, IN 47906
Metro area
Lafayette-West Lafayette, IN
County
Tippecanoe County, IN
Website URL
prf.org/ 
Phone
(765) 588-3470
Facebook page
Purdue-Research-Park 
Twitter profile
@purduerp 
IRS details
EIN
35-1052049
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1930
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Central organization
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