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
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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 .
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
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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