University of Virginia Patent Foundation
Also known as University of Virginia Licensing and Ventures Group
University of Virginia Patent Foundation reported $11.4 million in revenue and $11.4 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $88.20 went to program services, $11.80 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 99.7% of the total. The highest compensation it reported for one person was $737,899 (DIRECTOR). 7 people received more than $100,000 in reportable compensation. Revenue rose 3% 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 $11MFor 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 $11MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 88.2% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 11.8% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | Not reported | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.0% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 99.7% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $737,899 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 6.46% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 7 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 1.7 | 13.3 |
| Independent voting board members Part VI 1a–1b | 6 of 11 | 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 expensePatenting: the patenting department prepares and files patent applications. During the fiscal year ended 2025, the University of Virginia Patent Foundation d/b/a University of Virginia licensing and ventures group (lvg or the foundation) was awarded 47 U.S. Patents
Licensing: the licensing department evaluates, markets, and licenses inventions. During the fiscal year ended 2025, lvg solicited 168 invention disclosures from uva faculty, staff, and student inventors and executed 91 commercial transactions
New ventures: uva lvg provides resources and expertise to support the entrepreneurial and investment process. During the fiscal year ended 2025, lvg helped launch 8 new ventures. Additionally, lvg manages an innovation fund, which is comprised of seed funding and venture funding, in collaboration with the University of Virginia and the University of Virginia health system
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 |
|---|---|---|---|---|
| DIRECTOR Director/trustee, 1.00 hrs/week | $0 | $633,313 | $104,586 | $737,899 |
| DIRECTOR Director/trustee, 1.00 hrs/week | $0 | $542,909 | $115,526 | $658,435 |
| DIRECTOR Director/trustee, 1.00 hrs/week | $0 | $410,546 | $58,877 | $469,423 |
| EXECUTIVE DIRECTOR Officer, 40.00 hrs/week | $405,833 | $0 | $61,241 | $467,074 |
| DIRECTOR Director/trustee, 1.00 hrs/week | $0 | $365,695 | $46,968 | $412,663 |
| DIRECTOR OF UVA LVG SEED FUND Highest compensated employee, 40.00 hrs/week | $257,081 | $0 | $45,031 | $302,112 |
| BOARD SECRETARY, SENIOR PATENT COUNSEL Officer, 40.00 hrs/week | $235,952 | $0 | $46,889 | $282,841 |
| DIRECTOR OF FINANCE AND OPERATIONS Officer, 40.00 hrs/week | $170,167 | $0 | $36,178 | $206,345 |
7 people received more than $100,000 in reportable compensation from University of Virginia Patent Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $938K (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–1b11 · 6 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13No
- Document retention policy Part VI 14No
- 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 2No
- 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 14bNo
- Employees Part I, line 518
- Volunteers Part I, line 66
Correct a figure or respond
Every number above is copied from University of Virginia Patent 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 University of Virginia Patent Foundation, you can publish a response that is linked from this page.
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Of every $100 University of Virginia Patent Foundation spent in FY2025, $88.20 went to programs. The full breakdown, from its IRS Form 990:
Questions people ask
How much of University of Virginia Patent Foundation's spending goes to programs?
In the fiscal year ending June 30, 2025, University of Virginia Patent Foundation reported that 88.2% of its $11.4 million in expenses went to program services, 11.8% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does University of Virginia Patent Foundation pay its top executive?
The largest total compensation University of Virginia Patent Foundation reported for one person in the fiscal year ending June 30, 2025 was $737,899, for the role of DIRECTOR (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does University of Virginia Patent Foundation get its money?
Of $11.4 million in revenue in the fiscal year ending June 30, 2025, 0.0% came from contributions and grants and 99.7% from program service revenue (Form 990, Part VIII).
Is University of Virginia Patent Foundation a registered charity?
The IRS lists EIN 54-1045487 as a 501(c)(3) organization (supporting organization (509(a)(3))), 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 202503189349312445 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202403169349305310 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202333569349301023 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202310489349300521 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202241369349311489 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202130489349300408 · read the filing
All filings for EIN 54-1045487: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.