IRS 990 Nonprofit Profile
University Of Virginia Patent Foundation
The principal activity of the foundation is to support the university's 2030 plan to become a "great and good university and to "enable discoveries that enrich and improve lives" via commercialization of university research and intellectual property. this activity includes supporting the university's industry and translational research initiatives; performing due-diligence on solicited and disclosed intellectual property; preparing and filing patent applications, copyrights, and trademarks; engaging in business development; negotiating and executing license agreements; supporting new venture creation; investing in uva portfolio companies; monitoring compliance; and distributing income.
- Filing year
- 2024
- Total revenue
- $11.4M
- Total expenses
- $11.4M
- Program expenses
- $10.1M
- Administration
- $1.3M
- Fundraising
- $0
- Program share of expenses
- 88%
- EIN
- 541045487
- Location
- Charlottesville, VA
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Financial data on this page is sourced from IRS Form 990 filings.