Purdue Research Foundation

Organization Overview

Purdue Research Foundation is located in West Lafayette, IN. The organization was established in 1931. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2021, Purdue Research Foundation employed 417 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Purdue Research Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2020, Purdue Research Foundation generated $183.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $153.9m during the year ending 06/2020. While expenses have increased by 5.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Purdue Research Foundation has awarded 34 individual grants totaling $266,965,617. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

THE PRIMARY MISSION OF PURDUE RESEARCH FOUNDATION IS TO ADVANCE THE MISSION OF PURDUE UNIVERSITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

FUNDS WERE PROVIDED TO PURDUE UNIVERSITY FOR RESEARCH GRANTS, INTERNATIONAL TRAVEL GRANTS, AND DISTINGUISHED PROFESSOR GRANTS TO FURTHER ITS EDUCATION AND RESEARCH MISSIONS. FUNDING VIA SCHOLARSHIPS, AWARDS, DEVELOPMENT, AND ROYALTIES WAS ALSO PROVIDED TO SUPPLEMENT PURDUE UNIVERSITY. LASTLY, RENTAL INCOME WAS COLLECTED FROM TENANTS LOCATED WITHIN THE PURDUE RESEARCH PARK AS WELL AS RESIDENTIAL UNITS ON THE PURDUE UNIVERSITY CAMPUS AND SURROUNDING AREAS. PURDUE RESEARCH PARK IS THE HOME OF STATE-OF-THE-ART TECHNOLOGY BUSINESS INCUBATORS THAT HAVE A WORKING RELATIONSHIP WITH PURDUE UNIVERSITY TO PROVIDE STUDENTS WITH LEARNING AND RESEARCH OPPORTUNITIES.


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Browning Construction Llc
Construction
$1,590,395
Milestone Contractors Lp
Construction
$493,091
Schwegman Lundberg Woessner & Kluth Pa
Legal Services
$559,640
Innovation District Apartments Llc
Construction
$1,436,311
9-12 Llc
Consulting
$899,518
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$59,957,867
Investment income $18,197,124
Tax Exempt Bond Proceeds $0
Royalties $11,379,760
Net Rental Income $0
Net Gain/Loss on Asset Sales $38,448,816
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $183,185,294

Grants Awarded

Over the last fiscal year, Purdue Research Foundation has awarded $37,241,038 in support to 2 organizations.

Grant RecipientAmount

PURDUE UNIVERSITY

Org PageRecipient Profile

West Lafayette, IN

PURPOSE: Scholarships and Research

$37,157,937

BOILERMAKER HEALTH INNOVATIONS INC

Org PageRecipient Profile

West Lafayette, IN

PURPOSE: Program Support

$83,101
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Purdue Research Foundation has recieved totaling $5,000.

Awarding OrganizationAmount
Noamh Losaf An T-Oibri

St Louis, MO

PURPOSE: EDUCATION

$5,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$727,634,944
Earnings$303,149,038
Net Contributions$12,660,281
Other Expense$22,243,013
Grants$32,443,521
Ending Balance$988,757,729

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