NonprofitsNovo Holdings A-S

Philanthropy, Voluntarism & Grantmaking Foundations

Novo Holdings A-S

DENMARK

Total revenue

$3.5B

Total expenses

$277.6M

Net assets

$28.0B

Grants received

EIN

980571483

Tax year

2024

Mission

Novo nordisk fonden (nnf) is an organization recognized by the irs as described in section 501(c)(4) that awards grants to support scientific, humanitarian and social causes. Novo holdings a/s (nh) holds and manages nnf's endowment to ensure that nnf has the resources necessary to support its scientific, humanitarian, and other social welfare grantmaking.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue
Investment income$3.5B
Other revenue$9.8M
Total revenue$3.5B

Expenses

Grants paid
Salaries & benefits$64.8M
Fundraising
Other expenses$212.8M
Total expenses$277.6M
Total assets$36.2B
Net assets$28.0B

People

11 listed

NameRoleCompensation

KASIM KUTAY

CEO

Board

$2.4M

40 hrs/wk

NIGEL KEVIN GOVETT

CFO

Board

$498K

40 hrs/wk

LARS REBIEN SORENSEN

CHAIR

Board

$298K

1 hrs/wk

JEAN-LUC BUTEL

DIRECTOR

Board

$213K

1 hrs/wk

SUSANNE ANTONIE SCHAFFERT

DIRECTOR

Board

$192K

1 hrs/wk

STEEN RIISGAARD

VICE CHAIR

Board

$190K

1 hrs/wk

BRITT MEELBY JENSEN

DIRECTOR

Board

$175K

1 hrs/wk

VIVIANE MONGES

DIRECTOR

Board

$135K

1 hrs/wk

FRANCIS MICHAEL CYPRIAN CUSS

DIRECTOR

Board

$135K

1 hrs/wk

HENRIK POULSEN

DIRECTOR

Board

$103K

1 hrs/wk

JEPPE CHRISTIANSEN

DIRECTOR

Board

$103K

1 hrs/wk

Details

EIN980571483
NTEE codeT99
Subsection04
Ruling date2025-05
Formed1999
Employees126
Volunteers0
NOVO HOLDINGS A-S — Mission, Financials & Grants Received | Grantivo