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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$11.1M
-33.5% YoY
Revenue
$524K
-95.7% YoY
Net Investment Income
$524K
-1701.9% YoY
Expenses
$636K
-96.0% YoY
About Foundation for Innovation and Life Inc
Based on IRS filings
Foundation for Innovation and Life Inc is a nonprofit organization 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
Ready to take the next step with Foundation for Innovation and Life Inc?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $11,132,218 | $16,732,714 | $23,766,998 |
| Revenue | $523,933 | $12,113,960 | $25,153,452 |
| Expenses | $635,866 | $16,006,527 | $22,615,547 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $523,933 | $-32,707 | $69,403 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
2 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PETER MARKHAM | PRESIDENT & CEO | 40 | $2,500 |
| ADAM GROOTHUIS | TREASURER/CLERK/CONSULTANT | 10 | $10,000 |
| ELAZER EDELMAN | BOARD DIRECTOR | 1 | $2,500 |
| CAMPBELL ROGERS | BOARD DIRECTOR | 1 | $10,000 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Foundation for Innovation and Life Inc?
Foundation for Innovation and Life Inc is a nonprofit organization focused on Health, based in BROOKLINE, MA. It holds $11.1M in total assets as of 2024.
How large is Foundation for Innovation and Life Inc?
As of 2024, Foundation for Innovation and Life Inc holds $11.1M in total assets with $524K in annual revenue.
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.
Explore Open Grants
Browse active grant opportunities in Foundation for Innovation and Life Inc's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
The Us Charitable Gift Trust
BOSTON, MA
Assets
$2.2B
Grants
6,518
Total Given
$231.4M
Fidelity Foundation
BOSTON, MA
Assets
$5.0B
Grants
4,430
Total Given
$156.2M
Boston Foundation Inc
BOSTON, MA
Assets
$1.9B
Grants
2,046
Total Given
$169.9M
Bny Mellon Charitable Gift Fund
BOSTON, MA
Assets
$2.0M
Grants
1,503
Total Given
$720.2M
Analog Devices Foundation
BOSTON, MA
Assets
$35.8M
Grants
1,158
Total Given
$2.0M
Combined Jewish Philanthropies of Greater Boston Inc
BOSTON, MA
Assets
$2.3B
Grants
1,105
Total Given
$322.3M
Barr Foundation
BOSTON, MA
Assets
$1.9B
Grants
903
Total Given
$123.2M
Liberty Mutual Foundation Inc
BOSTON, MA
Assets
$46.1M
Grants
706
Total Given
$50.6M
Cummings Foundation Grants Inc (fka Oneworld Boston Inc)
WOBURN, MA
Assets
$258.2M
Grants
658
Total Given
$38.2M
American Tower Corporation Foundation
BOSTON, MA
Assets
$15.4M
Grants
632
Total Given
$1.7M
The Stephen Phillips Memorial
BOSTON, MA
Assets
$41.6M
Grants
520
Total Given
$5.1M
Berkshire Bank Foundation Inc
PITTSFIELD, MA
Assets
$17.1M
Grants
478
Total Given
$2.0M
More Funders in Massachusetts
Data last updated April 2026. Sourced from IRS Form 990-PF filings.