Purdue Research Foundation
71% goes to programs $23 to raise $100 Strong reserves Growing revenue
Purdue Research Foundation is a 501(c)(3) organization based in West Lafayette, Indiana, registered in 1931, with $322,760,840 in FY2023 revenue. CharityIndex grades it B+, and it directs about 71% of spending to programs.
1281 Win Hentschel Blvd, West Lafayette, IN, 47906 EIN 35-1052049 Since 1931
Revenue (FY2023)
$322.8M
▲ 90.5% vs prior year
Education median: $200K
Expenses (FY2023)
$335.6M
Net assets
$1.4B
Employees
601
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
C+Program efficiency40% of the rating71% to programs · $23 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Purdue Research Foundation: 71% to programs · $23 to raise $100 earns a C+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating49 mo reserves · -4% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Purdue Research Foundation: 49 mo reserves · -4% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Purdue Research Foundation: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Purdue Research Foundation: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
The primary mission of purdue research foundation is to advance the mission of purdue university.
Contact & location
- Address
- 1281 Win Hentschel Blvd, West Lafayette, IN, 47906
- City
- West Lafayette
- State
- Indiana
- Category
- Education
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $130.1M (FY2013) to $322.8M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $3.4BNet assets $1.4B
Operating margin
-4.0%
Spent more than it raised in the latest fiscal year.
Total assets
$4.7B
Total liabilities
$3.4B
Net assets
$1.4B
Salaries & benefits
$56.2M
17% of expenses
Board members
14
13 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $322,760,840▲90.5% | $335,614,829▲68.5% | $1,363,111,641▲4.9% | $4,719,284,662▲6.3% | 990 |
| 2022 | $169,421,704▼33.7% | $199,166,269▲26.2% | $1,300,044,603▼0.7% | $4,439,087,595▲7.1% | 990 |
| 2021 | $255,699,800▲4.8% | $157,836,051▲14.0% | $1,308,883,847▼1.7% | $4,144,181,780▼2.8% | 990 |
| 2020 | $243,924,162▲33.2% | $138,495,804▼10.0% | $1,330,976,584▲30.1% | $4,263,789,594▲37.7% | 990 |
| 2019 | $183,185,294▼13.8% | $153,938,530▲11.3% | $1,022,741,030▼1.9% | $3,096,906,780▼0.4% | 990 |
| 2018 | $212,466,003▲9.0% | $138,290,498▲3.7% | $1,043,027,660▲2.2% | $3,109,563,588▲4.6% | 990 |
| 2017 | $195,009,071▼37.7% | $133,415,241▲7.1% | $1,020,681,072▲2.6% | $2,972,546,979▲3.9% | 990 |
| 2016 | $313,161,446▲140% | $124,552,563▲11.3% | $994,723,657▲10.7% | $2,860,796,143▲9.3% | 990 |
| 2015 | $130,747,610▼30.4% | $111,877,784▼25.3% | $898,219,891▼6.3% | $2,618,189,002▼5.0% | 990 |
| 2014 | $187,888,144▲44.5% | $149,805,823▲77.2% | $958,392,922 | $2,755,186,474▼2.2% | 990 |
| 2013 | $130,069,593 | $84,532,555▲16.9% | $958,533,073▲11.7% | $2,817,359,885▲157% | 990 |
| 2012 | — | $72,316,863▲0.5% | $858,399,032▲7.7% | $1,097,058,989▲8.6% | 990 |
| 2011 | — | $71,926,128▼5.9% | $796,950,587▼5.6% | $1,010,013,019▼5.6% | 990 |
| 2010 | — | $76,453,438▲19.7% | $844,282,349▲16.9% | $1,069,362,893▲22.5% | 990 |
| 2009 | — | $63,847,465 | $722,374,255 | $873,132,878 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Michelle Giuda — $533,351 (0.16% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Michelle Giuda | Ceo, Krach Institute For Tech Diplomacy At Purdue | 40 | $533,351 |
| Matthew Folk | P4l President & Ceo and Vp Univ Advancement | 40 | $493,561 |
| David Cooper | Chief Investment Officer | 40 | $477,705 |
| Scott Seidle | Cfo & Treasurer | 40 | $374,128 |
| Brian Edelman | President | 40 | $365,841 |
| David Broecker | Chief Innovation and Collaboration Officer | 40 | $333,294 |
| Brooke Beier | Sr. Vp, Commercialization | 40 | $313,165 |
| Blair Webb | Director of Investments | 40 | $310,407 |
| Greg Deason | Sr. Vp, Alliances & Placemaking | 40 | $304,500 |
| Emily Najem | Assistant Secretary | 40 | $176,283 |
| Tammy Metzinger | Assistant Treasurer | 40 | $163,513 |
| Brandee Sommer | Secretary | 40 | $86,752 |
| Carrie Kendrick | Director | 1 | — |
| Charles E Schalliol | Director | 1 | — |
| David Adams | Director | 1 | — |
| Emily Liggett | Director | 1 | — |
| Gary Lehman | Director | 1 | — |
| J Timothy Mcginley | Director | 1 | — |
| Julia Hipps | Director | 1 | — |
| Karen Plaut | Vice President For Research | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Ratio Architects LLC | Construction Design | $1,093,833 |
| Reichel Stohry Dean LLP | Legal Services | $824,824 |
| Hartman Global Ip Law | Legal Services | $485,882 |
| Bron Rudnick LLP | Legal Services | $413,202 |
| Daniel Hasler | Consulting | $410,329 |
Grants received · $128.7M total
278 grants to Purdue Research Foundation totaling $128.7M, reported by foundations on their Schedule I filings — showing the 15 most recent.
Grants made · $171.6M in FY2023
2 grants totaling $171.6M in FY2023. All grants made by Purdue Research Foundation →
| Recipient | Purpose | Amount |
|---|---|---|
| Trustees of Purdue University | Scholarship and research | $170,958,224 |
| Boilermaker Health Innovations Inc | General support | $601,645 |
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Frequently asked questions
- Is Purdue Research Foundation a legitimate nonprofit?
- Yes. Purdue Research Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 35-1052049, based in West Lafayette, Indiana. Donations are tax-deductible.
- What is Purdue Research Foundation's EIN?
- Purdue Research Foundation's Employer Identification Number (EIN) is 35-1052049.
- How much revenue does Purdue Research Foundation report?
- Purdue Research Foundation reported $322,760,840 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Purdue Research Foundation's spending goes to programs?
- Purdue Research Foundation spends about 71% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Purdue Research Foundation have?
- CharityIndex grades Purdue Research Foundation B+, based on program efficiency and fundraising cost.
- How much does Purdue Research Foundation's highest-paid employee make?
- The highest reported compensation on Purdue Research Foundation's latest Form 990 is $533,351, paid to Michelle Giuda (Ceo, Krach Institute For Tech Diplomacy At Purdue).
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Data for Purdue Research Foundation (EIN 35-1052049) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.