NonprofitsFoundation For Research

Medical Research

Foundation For Research

CARSON CITY, NV

Total revenue

$6.6M

Total expenses

$7.0M

Net assets

$160.3M

Grants received

$3.4M

2 grants

EIN

880234196

Tax year

2024

Mission

Foundation for Research is a charitable non-profit corporation established to support medical and scientific research.

Programs

1 program

Research Development Foundation ("RDF") is another supporting organization to the Clayton Foundation for Research("Clayton"). The organization grants funds to RDF for its general support. RDF uses such funds in carrying out the secondary mission of Clayton (i.e., to advance medical and scientific research through the transfer of technology from the laboratory to public use by obtaining patents and licenses and administering patents arising out of discoveries made pursuant to research conducted or sponsored by Clayton and its supporting organizations). RDF's current portfolio contains approximately 200 patent applications and issued patents on discoveries that have been made in the course of the various research projects that have been conducted by Clayton or funded by the organization and another supporting entity of Clayton over the years. RDF has entered into numerous licenses of such discoveries to pharmaceutical and startup companies, and many of such discoveries have already led to products that have been brought to market by the licensee and are benefiting mankind.

Grants: $3.9M

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue
Investment income$6.6M
Other revenue
Total revenue$6.6M

Expenses

Grants paid$5.7M
Salaries & benefits$946K
Fundraising
Other expenses$391K
Total expenses$7.0M
Total assets$160.4M
Net assets$160.3M

People

8 listed

NameRoleCompensation

Robert M Wallace

Trustee, President

Board

$210K

4 hrs/wk

Jarred W Sloan

Trustee, Vice President, Treasurer

Board

$174K

6 hrs/wk

Joan S Dunlap

Trustee,VP,Assistant Secretary

Board

$127K

4 hrs/wk

John Russell Beekman

Vice President

Board

$118K

20 hrs/wk

Brian W Crozier

Trustee, Chairman

Board

$101K

2 hrs/wk

Lynn P Carter

Trustee

Board

$101K

4 hrs/wk

Robert L Evans

VP, Assistant Treasurer

Board

0

Christopher MacKenzie

Vice President, Secretary

Board

1 hrs/wk

Grants received

Showing 2 of 2

FromAmountPurposeYear
$250K
General Support
2024
$3.1M
General Support
2023

Funded by

$3.4M from 1 funder · 2 grants · 2023–2024

Research Development Foundation

$3.4M · 2 grants · 2023–2024

Details

EIN880234196
NTEE codeH120
Subsection03
Ruling date1988-04
Formed1989
Employees4
FOUNDATION FOR RESEARCH — Mission, Financials & Grants Received | Grantivo