Purdue Research Foundation
Purdue Research Foundation reported $235.3 million in revenue and $196.2 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $56.61 went to program services, $19.61 to management and general costs and $23.78 to fundraising. Its largest source of revenue was investment income: 30.7% of the total. The highest compensation it reported for one person was $609,800 (Chief Investment Officer). 149 people received more than $100,000 in reportable compensation. Revenue rose 28% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $196MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $235MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 56.6% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 19.6% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 23.8% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.68 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 28.9% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 19.5% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $609,800 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.31% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 149 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 89.2 | 13.3 |
| Independent voting board members Part VI 1a–1b | 15 of 16 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expensePurdue 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…
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| Chief Investment Officer Highest compensated employee, 40.0 hrs/week | $560,139 | $0 | $49,661 | $609,800 |
| CEO, Krach Institute for Tech Diplomacy at Purdue Highest compensated employee, 40.0 hrs/week | $545,747 | $0 | $55,290 | $601,037 |
| Chief Innovation and Collaboration Officer Highest compensated employee, 40.0 hrs/week | $551,795 | $0 | $44,808 | $596,603 |
| P4L President & CEO and VP Univ Advancement (through Oct 2024) Highest compensated employee, 40.0 hrs/week | $449,817 | $0 | $51,910 | $501,727 |
| Chief Training and Education Officer KITDP Highest compensated employee, 40.0 hrs/week | $430,633 | $0 | $42,273 | $472,906 |
| CFO & Treasurer Officer, 40.0 hrs/week | $387,836 | $0 | $47,634 | $435,470 |
| President (through Dec 2024) Officer, 40.0 hrs/week | $380,369 | $0 | $48,277 | $428,646 |
| Sr. VP, Commercialization Officer, 40.0 hrs/week | $320,304 | $0 | $76,489 | $396,793 |
149 people received more than $100,000 in reportable compensation from Purdue Research Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.6M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b16 · 15 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2Yes
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 5592
- Volunteers Part I, line 616
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| 9-12 LLC DBA Nine Twelve Solutions Consulting | $872,258 |
| Ratio Architects LLC Construction Design | $774,198 |
| Piroozi-IP LLC Legal Services | $679,649 |
| Profile LLC Consulting | $673,213 |
Individuals listed as contractors are left out. 25 contractors were paid more than $100,000 in all.
Private foundation grants it received
46 private foundations reported grants to Purdue Research Foundation totaling $136M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Purdue Research Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Purdue Research Foundation, you can publish a response that is linked from this page.
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Of every $100 Purdue Research Foundation spent in FY2025, $56.61 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Think TogetherSanta Ana, CA · revenue $235M · programs 87.0% · FY2025
- Trustees of Clark UniversityWorcester, MA · revenue $236M · programs 92.1% · FY2025
- Reed InstitutePortland, OR · revenue $235M · programs 91.1% · FY2025
- Gallaudet UniversityWashington, DC · revenue $237M · programs 73.5% · FY2025
- Rose-Hulman Institute of TechnologyTerre Haute, IN · revenue $234M · programs 88.4% · FY2025
Questions people ask
How much of Purdue Research Foundation's spending goes to programs?
In the fiscal year ending June 30, 2025, Purdue Research Foundation reported that 56.6% of its $196.2 million in expenses went to program services, 19.6% to management and general and 23.8% to fundraising (Form 990, Part IX).
How much does Purdue Research Foundation pay its top executive?
The largest total compensation Purdue Research Foundation reported for one person in the fiscal year ending June 30, 2025 was $609,800, for the role of Chief Investment Officer (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Purdue Research Foundation get its money?
Of $235.3 million in revenue in the fiscal year ending June 30, 2025, 28.9% came from contributions and grants and 19.5% from program service revenue (Form 990, Part VIII).
Is Purdue Research Foundation a registered charity?
The IRS lists EIN 35-1052049 as a 501(c)(3) organization (organization operated for a governmental college or university), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202641209349300529 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202541329349304169 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202401239349301830 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202341319349305369 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202201249349300640 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202131309349301858 · read the filing
All filings for EIN 35-1052049: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.