Florida State University Research Foundation Inc
To promote, encourage and facilitate the research and training activities of faculty, staff and students of the Florida state university through income from contracts, grants and other sources.
Florida State University Research Foundation Inc at a glance
In short: Florida State University Research Foundation Inc gave $30.3M across 1 grant in 2025 (avg $30.3M), mostly in Florida. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $30,282,071
- -28.8% vs 2024
- Grants made (2025)
- 1
- -50.0% vs 2024
- Average grant
- $30,282,071
- +42.5% vs 2024
- Median grant
- $30,282,071
- Total assets
- $218,801,229
- -2.4% vs 2024
- Primary geography
- Florida (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Florida State University Research Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Florida State University ($30.3M).
Grant Size Distribution
6 grants across all recorded years
The most common grant size was $5M or more: 5 grants of 6 (83%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Florida State University Research Foundation Inc gives
- Giving grew 175% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $9.3M (2021) to $42.5M (2024). In 2025 it made 1 grant totaling $30.3M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Florida State University Tallahassee, FL | Research | $30,282,071 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $218,801,229 | $24,252,536 | $38,636,606 | $30,282,071 | 1 | $6,390,527 |
| 2024 | $224,086,083 | $18,957,067 | $50,836,314 | $42,514,504 | 2 | $3,114,628 |
| 2023 | $245,277,590 | $24,244,716 | $18,836,373 | $12,091,236 | 1 | $9,169,368 |
| 2022 | $238,210,385 | $28,107,542 | $14,832,298 | $11,027,524 | 1 | $12,590,773 |
| 2021 | $209,954,380 | $23,963,876 | $13,069,436 | $9,250,554 | 1 | $10,704,474 |
| 2020 | $181,884,344 | $21,810,684 | $15,992,579 | $11,980,567 | 1 | $5,087,989 |
About Florida State University Research Foundation Inc
Based on IRS filings
Florida State University Research Foundation Inc is a public charity focused on Education, based in Tallahassee, FL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $218.8M in total assets. In 2025, it awarded 1 grant totaling $30.3M. Net investment income was $6.4M.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Florida State University Research Foundation Inc is led by Heather Cave, Executive Director on every filing since 2020; none of the 14 officers listed in 2025 report compensation.
Officers on the 2025 filing
Heather Cave
Executive Director
On filings since 2020
40 hrs/week
$88K (2023) → $0 (2025)
Richard McCullough
Fsu President & Chair
Director → Fsu President & Chair, 2025
On filings since 2022
1 hr/week
No compensation reported
Stacey Patterson
Fsu Vice President for Research & Fsurf President
President → Fsu Vice President for Research & Fsurf President, 2025
On filings since 2023
10 hrs/week
No compensation reported
Joseph W. Landers
Director
On filings since 2020
1 hr/week
No compensation reported
Kay Stephenson
Director
On filings since 2020
1 hr/week
No compensation reported
Ricardo Schneider
Director
On filings since 2020
1 hr/week
No compensation reported
Gary K. Ostrander
Former President
President → President Till, 2021
President Till → Former President, 2022
On filings since 2020
No compensation reported
Kelly Starke
Secretary
On filings since 2020
5 hrs/week
No compensation reported
Kerry Peluso
Treasurer
On filings since 2020
5 hrs/week
No compensation reported
Kyle Clark
Fsu Vice President for Finance & Administration
Director → Fsu Vice President for Finance & Administration, 2025
On filings since 2020
1 hr/week
No compensation reported
Sam Huckaba
Fsu Dean of Arts & Sciences
Director → Fsu Dean of Arts & Sciences, 2025
On filings since 2020
1 hr/week
No compensation reported
James Clark
Fsu Provost
Director → Fsu Provost, 2025
On filings since 2022
1 hr/week
No compensation reported
Mark Riley
Former Interim President
Interim President → Former Interim President, 2024
On filings since 2022
No compensation reported
Valerie McDevitt
Fsu Assistant Vice President, Fsu Strategic Partnerships & Innovation
New on the 2025 filing
1 hr/week
No compensation reported
Former officers (9)
- Former: Kim Williams (2020–2024) — Director
- Former: Laurel Faulkerson (2021–2023) — Former President
- Former: John Thrasher (2020–2022) — Director
- Former: Sally McRorie (2020–2022) — Director
- Former: David Coburn (2020–2021) — Former Director
- Former: Holly C. Newell (2020–2021) — Former Officer
- Former: William E. Sweeney (2021) — Former Director
- Former: Bill Sweeney (2020) — Former Director
- Former: William R. Ellington (2020) — Vice President
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $80K, to Heather Cave (Executive Director).
Frequently asked questions about Florida State University Research Foundation Inc
How much does Florida State University Research Foundation Inc give each year?
Florida State University Research Foundation Inc gave $30.3M across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $42.5M across 2 grants.
How large is Florida State University Research Foundation Inc?
Florida State University Research Foundation Inc reported $218.8M in total assets on its 2025 IRS Form 990. Its revenue that year was $24.3M.
What is Florida State University Research Foundation Inc?
Florida State University Research Foundation Inc is a public charity focused on Education, based in Tallahassee, FL. It holds $218.8M in total assets as of 2025.
Where does Florida State University Research Foundation Inc operate?
Florida State University Research Foundation Inc has awarded grants in Florida.
What is Florida State University Research Foundation Inc's EIN?
Florida State University Research Foundation Inc's EIN (Employer Identification Number) is 59-3211153. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS February 8, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS February 8, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS February 16, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS May 13, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS February 20, 2025)
- Updated Form 990 for fiscal year 2025 (received by the IRS April 9, 2026)
- IRS filings on file for fiscal years 2020–2025
Live grants for the work Florida State University Research Foundation Inc funds
Education Open opportunities, soonest deadline first.
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Browse active grant opportunities in Florida State University Research Foundation Inc's focus areas in our free grants database
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Florida State University Research Foundation Inc down — hundreds of funders to go?