Foundation for Innovation and Life Inc
The foundation's mission is to help our sponsors develop unique tools and novel methods to promote early diagnosis and develop innovative treatments for complex diseases. The foundation specializes in the development and application of novel minimally invasive techniques in the fields of cardiology, endoscopy, surgery, drug, and device delivery, drug and device safety, and diagnostic imaging.
Foundation for Innovation and Life Inc at a glance
- Total assets
- $11,132,218
- -33.5% vs 2023
- Revenue (2024)
- $523,933
- -95.7% vs 2023
- Net investment income (2024)
- $523,933
- -1701.9% vs 2023
- Expenses (2024)
- $635,866
- -96.0% vs 2023
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who Foundation for Innovation and Life Inc funds
How this funder distributes its grants
Grant Size Distribution
2 grants across all recorded years
The most common grant size was under $50K: 1 grant of 2 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2023, annual grant giving ranged from $40K (2021) to $70K (2023). In 2023 it made 1 grant totaling $70K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| John Hopkins University Baltimore, MD | To Assist with the Foundation's Exempt Purpose | $70,200 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $11,132,218 | $523,933 | $635,866 | — | — | $523,933 |
| 2023 | $16,732,714 | $12,113,960 | $16,006,527 | $70,200 | 1 | $-32,707 |
| 2022 | $23,766,998 | $25,153,452 | $22,615,547 | — | — | $69,403 |
| 2021 | $14,994,473 | $24,232,593 | $18,036,827 | $39,759 | 1 | $17,705 |
| 2020 | $7,998,012 | $13,549,249 | $13,474,259 | — | — | $5,242 |
About Foundation for Innovation and Life Inc
Based on IRS filings
Foundation for Innovation and Life Inc is a public charity focused on Health, based in Brookline, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $11.1M in total assets. Net investment income was $524K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Foundation for Innovation and Life Inc is led by Peter Markham, President & CEO since 2023 (on filings since 2020); all 4 officers listed in 2024 are compensated.
Officers on the 2024 filing
Peter Markham
President & CEO
President & Executive Director → President & CEO, 2023
On filings since 2020
40 hrs/week
$344K (2020) → $3K (2024)
Campbell Rogers
Board Director
On filings since 2020
1 hr/week
$10K (2020) → $10K (2024)
Elazer Edelman
Board Director
Director → Board Director, 2023
On filings since 2020
1 hr/week
$150K (2020) → $3K (2024)
Adam Groothuis
Treasurer, Clerk & Consultant
On filings since 2020
10 hrs/week
$10K (2020) → $10K (2024)
Former officers (6)
- Former: John Keating (2020–2023) — Vice President Pathology
- Former: Michael Naimark (2020–2023) — Director & Bus Development
- Former: Misty Williams-Fritze (2020–2023) — Vice President Vet Svcs
- Former: Raffaele Melidone (2020–2023) — Pathology
- Former: Shannon Tierney (2023) — Vice President Med Writers
- Former: Karyn Enos (2021) — Pathologist
Data from IRS Form 990 filings, 2020–2024. "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 $10K, to Adam Groothuis (Treasurer/Clerk/Consultant). 4 officers or directors reported compensation on that filing.
Frequently asked questions about Foundation for Innovation and Life Inc
How large is Foundation for Innovation and Life Inc?
Foundation for Innovation and Life Inc reported $11.1M in total assets on its 2024 IRS Form 990. Its revenue that year was $524K.
What is Foundation for Innovation and Life Inc?
Foundation for Innovation and Life Inc is a public charity focused on Health, based in Brookline, MA. It holds $11.1M in total assets as of 2024.
Where does Foundation for Innovation and Life Inc operate?
Foundation for Innovation and Life Inc has awarded grants in Massachusetts, Maryland.
What is Foundation for Innovation and Life Inc's EIN?
Foundation for Innovation and Life Inc's EIN (Employer Identification Number) is 20-4325286. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2021 (received by the IRS November 14, 2022)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 14, 2024)
- IRS filings on file for fiscal years 2020–2024
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Foundation for Innovation and Life Inc down — hundreds of funders to go?