Nonprofit · EIN 35-1052049
PURDUE RESEARCH FOUNDATION
Tax-exempt · WEST LAFAYETTE, IN 47906
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $235,308,994 | $196,204,296 | $39,104,698 | $5,101,167,755 | $3,642,888,059 | $1,458,279,696 |
| June 30, 2024 | 990 | $322,760,840 | $335,614,829 | -$12,853,989 | $4,719,284,662 | $3,356,173,021 | $1,363,111,641 |
| June 30, 2023 | 990 | $169,421,704 | $199,166,269 | -$29,744,565 | $4,439,087,595 | $3,139,042,992 | $1,300,044,603 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $68,121,406
- Program service revenue
- $45,872,228
- Investment income
- $72,305,823
- Royalties
- $39,462,217
- Net rental income
- $5,127,250
- Net gain from sales of assets
- $39,878,000
- Other revenue
- $49,009,537
Expenses
- Grants and similar amounts paid
- $50,069,268
- Compensation of officers, directors and key employees
- $1,609,123
- Other salaries and wages
- $44,802,620
- Salaries, compensation and benefits (total)
- $59,754,431
- Professional fundraising fees
- $0
- Legal fees
- $4,646,009
- Accounting fees
- $330,805
- Occupancy
- $8,309,502
- Travel
- $2,549,042
- Depreciation
- $1,846,726
- Program services (functional)
- $111,067,517
- Management and general (functional)
- $38,478,060
- Fundraising (functional)
- $46,658,719
Balance sheet and other
- Total assets, start of year
- $4,719,284,662
- Total assets, end of year
- $5,101,167,755
- Total liabilities, end of year
- $3,642,888,059
- Net assets, end of year
- $1,458,279,696
- Land, buildings and equipment
- $302,377,670
- Publicly traded securities
- $1,689,221,944
- Net assets without donor restrictions
- $359,974,813
- Net assets with donor restrictions
- $1,098,304,883
- Gross unrelated business income
- $8,420,506
- Gross receipts
- $702,805,845
- Employees
- 592
- Volunteers
- 16
- Year formed
- 1930
- State of legal domicile
- IN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| David Cooper | Chief Investment Officer Highest-paid employee | 40 | $560,139 | $49,661 |
| Michelle Giuda | CEO, Krach Institute for Tech Diplomacy at Purdue Highest-paid employee | 40 | $545,747 | $55,290 |
| David Broecker | Chief Innovation and Collaboration Officer Highest-paid employee | 40 | $551,795 | $44,808 |
| Matthew Folk | P4L President & CEO and VP Univ Advancement (through Oct 2024) Highest-paid employee | 40 | $449,817 | $51,910 |
| Lee Rubenstein | Chief Training and Education Officer KITDP Highest-paid employee | 40 | $430,633 | $42,273 |
| Scott Seidle | CFO & Treasurer Officer | 40 | $387,836 | $47,634 |
| Brian Edelman | President (through Dec 2024) Officer | 40 | $380,369 | $48,277 |
| Brooke Beier | Sr. VP, Commercialization Officer | 40 | $320,304 | $76,489 |
| Greg Deason | Chief Operating Officer (beginning Feb 2025) Officer | 40 | $317,166 | $68,693 |
| Emily Najem | Assistant Secretary Officer | 40 | $190,045 | $45,186 |
| Tammy Metzinger | Assistant Treasurer Officer | 40 | $178,792 | $36,707 |
| Brandee Sommer | Secretary Officer | 40 | $90,103 | $33,167 |
| Mitchell E Daniels Jr | Chair Trustee or director, Officer | 7 | $0 | $0 |
| Aaron Schacht | director (beginning April 2025) Trustee or director | 1 | $0 | $0 |
| Carrie Kendrick | Director Trustee or director | 1 | $0 | $0 |
16 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Charles E Schalliol | Director Trustee or director | 1 | $0 |
| David Adams | Director (through Dec 2024) Trustee or director | 1 | $0 |
| Emily Liggett | Director Trustee or director | 1 | $0 |
| Gary Lehman | Director Trustee or director | 1 | $0 |
| J Timothy McGinley | Director Trustee or director | 1 | $0 |
| Julia Hipps | Director Trustee or director | 1 | $0 |
| Kelvin Pennington | Director Trustee or director | 1 | $0 |
| Keyvan Esfarjani | director (beginning Dec 2024) Trustee or director | 1 | $0 |
| Lawrence Beck | Director Trustee or director | 1 | $0 |
| Michael Klipsch | Director Trustee or director | 1 | $0 |
| Michael Wells | Director Trustee or director | 1 | $0 |
| R Byron Pipes | director (beginning Dec 2024) Trustee or director | 1 | $0 |
| Scott Niswonger | Director Trustee or director | 1 | $0 |
| William Elmore | Director Trustee or director | 1 | $0 |
| Chad Pittman | PRESIDENT & CEO (beginning Jan 2025) Officer | 40 | $0 |
| Karen Plaut | Vice President for Research Officer | 1 | $0 |
990 for the year ended June 30, 2024: 29 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Michelle Giuda | CEO, Krach Institute for Tech Diplomacy at Purdue Highest-paid employee | 40 | $533,351 | $52,498 |
| Matthew Folk | P4L President & CEO and VP Univ Advancement Highest-paid employee | 40 | $493,561 | $52,295 |
| David Cooper | Chief Investment Officer Highest-paid employee | 40 | $477,705 | $46,413 |
| Scott Seidle | CFO & Treasurer Officer | 40 | $374,128 | $44,416 |
| Brian Edelman | President Officer | 40 | $365,841 | $45,057 |
| Brooke Beier | Sr. VP, Commercialization Officer | 40 | $313,165 | $72,271 |
| David Broecker | Chief Innovation and Collaboration Officer Highest-paid employee | 40 | $333,294 | $42,775 |
| Greg Deason | SR. VP, Alliances & Placemaking Officer | 40 | $304,500 | $64,441 |
| Blair Webb | Director of Investments Highest-paid employee | 40 | $310,407 | $47,681 |
| Emily Najem | Assistant Secretary Officer | 40 | $176,283 | $43,698 |
| Tammy Metzinger | Assistant Treasurer Officer | 40 | $163,513 | $32,846 |
| Brandee Sommer | Secretary Officer | 40 | $86,752 | $30,561 |
| Mitchell E Daniels Jr | Chair Trustee or director, Officer | 7 | $0 | $0 |
| Carrie Kendrick | Director Trustee or director | 1 | $0 | $0 |
| Charles E Schalliol | Director Trustee or director | 1 | $0 | $0 |
| David Adams | Director Trustee or director | 1 | $0 | $0 |
| Emily Liggett | Director Trustee or director | 1 | $0 | $0 |
| Gary Lehman | Director Trustee or director | 1 | $0 | $0 |
| J Timothy McGinley | Director Trustee or director | 1 | $0 | $0 |
| Julia Hipps | Director Trustee or director | 1 | $0 | $0 |
| Kelvin Pennington | Director Trustee or director | 1 | $0 | $0 |
| Lawrence Beck | Director Trustee or director | 1 | $0 | $0 |
| Mamoon Hamid | Director (Through Dec 2023) Trustee or director | 1 | $0 | $0 |
| Michael Klipsch | Director Trustee or director | 1 | $0 | $0 |
| Michael Wells | Director Trustee or director | 1 | $0 | $0 |
| Scott Niswonger | Director Trustee or director | 1 | $0 | $0 |
| William Elmore | Director Trustee or director | 1 | $0 | $0 |
| William Sullivan | Director (Through May 2024) Trustee or director | 1 | $0 | $0 |
| Karen Plaut | Vice President for Research Officer | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 30 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| David Cooper | Chief Investment Officer Highest-paid employee | 40 | $529,011 | $45,605 |
| Bonnie Glick | Director Krach Institute for Tech Diplomacy (Partial Year) Highest-paid employee | 40 | $460,444 | $47,457 |
| David Broecker | Chief Innovation and Collaboration Officer Highest-paid employee | 40 | $437,980 | $39,655 |
| Matthew Folk | P4L President & CEO and VP Univ Advancement Highest-paid employee | 40 | $426,106 | $51,006 |
| Scott Seidle | CFO & Treasurer Officer | 40 | $364,456 | $44,045 |
| Brian Edelman | President Officer | 40 | $352,689 | $43,821 |
| Blair Webb | Director of Investments Highest-paid employee | 40 | $326,936 | $47,453 |
| Brooke Beier | VP, Office of Technology Commercialization Officer | 40 | $288,235 | $70,398 |
| Greg Deason | SVP and Director of Innovation and Entrepreneurship Officer | 40 | $292,944 | $64,672 |
| Emily Najem | Assistant Secretary Officer | 40 | $170,699 | $43,564 |
| Tammy Metzinger | Assistant Treasurer Officer | 40 | $149,734 | $32,867 |
| Brandee Sommer | Secretary Officer | 40 | $78,637 | $30,038 |
| Mitchell E Daniels Jr | Chair Trustee or director, Officer | 7 | $0 | $0 |
| Carrie Kendrick | Director Trustee or director | 1 | $0 | $0 |
| Charles E Schalliol | Director Trustee or director | 1 | $0 | $0 |
| David Adams | Director Trustee or director | 1 | $0 | $0 |
| Emily Liggett | Director Trustee or director | 1 | $0 | $0 |
| Gary Lehman | Director Trustee or director | 1 | $0 | $0 |
| J Timothy McGinley | Director Trustee or director | 1 | $0 | $0 |
| Julia Hipps | Director Trustee or director | 1 | $0 | $0 |
| Kelvin Pennington | Director Trustee or director | 1 | $0 | $0 |
| Lawrence Beck | Director Trustee or director | 1 | $0 | $0 |
| Mamoon Hamid | Director Trustee or director | 1 | $0 | $0 |
| Michael Klipsch | Director Trustee or director | 1 | $0 | $0 |
| Michael Wells | Director Trustee or director | 1 | $0 | $0 |
| Scott Niswonger | Director Trustee or director | 1 | $0 | $0 |
| William Elmore | Director Trustee or director | 1 | $0 | $0 |
| William Sullivan | Director Trustee or director | 1 | $0 | $0 |
| Karen Plaut | Vice President for Research (beg Jan 2023) Officer | 1 | $0 | $0 |
| Theresa Mayer | Vice President for Research (until Feb 2023) Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1281 WIN HENTSCHEL BLVD, WEST LAFAYETTE, IN 47906-4335
- In care of
- % ATTN CONTROLLER
- Principal officer (990 for 2024)
- Chad Pittman, 1281 Win Hentschel Blvd, West Lafayette, IN 47906
- Signed the 990
- Scott Seidle, CFO and Treasurer
- Phone
- (765) 588-1061
- Website
- www.prf.org
- Return prepared by
- CROWE LLP
Mission
The primary mission of Purdue Research Foundation is to advance the mission of Purdue University.
Program accomplishments
- Purdue 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 innovations toward market impact by assisting start-up companies formed around intellectual property developed at the University.Expenses $111,067,517 · grants $50,069,268 · revenue $50,292,298
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 35-1052049
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Organization supporting a government college or university
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1931
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B110)
- Assets (IRS master file)
- $5,101,167,755
- Income (IRS master file)
- $702,805,845
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $235,308,994 | $196,204,296 | $5,101,167,755 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $322,760,840 | $335,614,829 | $4,719,284,662 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $169,421,704 | $199,166,269 | $4,439,087,595 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $255,699,800 | $157,836,051 | $4,144,181,780 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 35-1052049).
Questions about PURDUE RESEARCH FOUNDATION
- What is the EIN of PURDUE RESEARCH FOUNDATION?
- The employer identification number (EIN) of PURDUE RESEARCH FOUNDATION is 35-1052049.
- Is PURDUE RESEARCH FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1931.
- Are donations to PURDUE RESEARCH FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PURDUE RESEARCH FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PURDUE RESEARCH FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PURDUE RESEARCH FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of PURDUE RESEARCH FOUNDATION?
- The 990 for the year ended June 30, 2025 names Chad Pittman.
- Who are the officers and directors of PURDUE RESEARCH FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 31 people; 12 received compensation from the organization, the highest $560,139 (David Cooper, Chief Investment Officer).
- How much revenue does PURDUE RESEARCH FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $235,308,994, expenses of $196,204,296 and total assets of $5,101,167,755 at year end.
Other nonprofits in WEST LAFAYETTE
- PURDUE UNIVERSITY GLOBAL INC EIN 82-1319401
- ROSS-ADE FOUNDATION EIN 35-6026021 · last filed 990 for 2025
- CROSSWALK PROJECT INC EIN 26-3815188 · last filed 990 for 2025
- PURDUE AGRICULTURAL ALUMNI ASSOC INC EIN 35-0923055 · last filed 990 for 2025
- WABASH AREA LIFETIME LEARNING ASSOCIATION INC EIN 35-2084766 · last filed 990-EZ for 2025
- WILLIAM HENRY HARRISON BANDBOOSTERS INC EIN 20-4946555 · last filed 990-EZ for 2025
- BURSARS OF THE AAU EIN 35-1995773 · last filed 990-PF for 2025
- UNIVERSITY PLACE INC EIN 35-2058981 · last filed 990 for 2025