Foundation for Neurologic Diseases Inc logo

Foundation for Neurologic Diseases Inc

Foundation · Grantmaker Newburyport, MA EIN: 04-3015469 Website

The Foundation is dedicated to finding the cause of and providing treatments for complex, chronic diseases that prematurely destroys Brain Function. Focus is on Alzheimers Multiple Sclerosis and Parkinsons disease.

Key facts about Foundation for Neurologic Diseases Inc

In short: Foundation for Neurologic Diseases Inc gave $567K across 4 grants in 2024 (avg $142K), mostly in Massachusetts. Source: 2024 IRS Form 990 filing.

EIN
04-3015469
Latest 990 filing
Form 990 filing, 2024
Annual giving (2024)
$566,500
Grants made (2024)
4
Average grant
$141,625
Median grant
$46,000
Total assets
$49,164,256
Primary geography
Massachusetts (89% of itemized 2024 grant dollars)

Data from IRS Form 990 filing, 2024; updated September 2026.

Quick answers about Foundation for Neurologic Diseases Inc

How much does Foundation for Neurologic Diseases Inc give each year?

Foundation for Neurologic Diseases Inc gave $567K across 4 grants in 2024, according to its 2024 IRS Form 990 filing. In 2023 it gave $770K across 1 grant.

What is Foundation for Neurologic Diseases Inc's typical grant size?

Foundation for Neurologic Diseases Inc's median grant in 2024 was $46,000, and its average grant was $141,625, across 4 grants on its 2024 IRS Form 990 filing.

Where does Foundation for Neurologic Diseases Inc give grants?

Foundation for Neurologic Diseases Inc gives mostly in Massachusetts: 89% of the grant dollars itemized on its 2024 IRS Form 990 filing went to recipients there. The next largest states were Connecticut (6%) and California (5%). The most frequent recipient cities were Boston, MA (2 grants).

Does Foundation for Neurologic Diseases Inc give general operating support?

Not in 2024: none of the 4 grants with a stated purpose on Foundation for Neurologic Diseases Inc's 2024 IRS Form 990 filing were described as general or operating support. Recurring purposes include "Research" (4 grants).

How Foundation for Neurologic Diseases Inc gives

  • Giving fell 49% from 2021 to 2024. Method

From the foundation's IRS Form 990 filings. Methodology.

Next steps with Foundation for Neurologic Diseases Inc

Financial Overview

From 2024 IRS Form 990 filing · View filing

Total Assets

$49.2M

+28.1% YoY

Annual Giving

$567K

-26.4% YoY

Grant Count

4

+300.0% YoY

Avg Grant Size

$142K

-81.6% YoY

About Foundation for Neurologic Diseases Inc

Based on IRS filings

Foundation for Neurologic Diseases Inc is a nonprofit organization focused on Medical Research, based in Newburyport, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $49.2M in total assets. In 2024, it awarded 4 grants totaling $567K. Net investment income was $2.5M.

Focus Areas

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

5states

Share of all 4 itemized 2024 grant dollars.

Cities

BostonGainesvilleLawrenceNew HavenStanford

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$2M$4M$6M$8M20202021202220232024
Metric202420232022
Total Assets$49,164,256$38,388,817$29,946,123
Revenue$4,398,981$2,433,483$4,406,988
Expenses$4,420,902$4,477,745$2,853,966
Qualifying Distributions———
Net Investment Income$2,507,081$326,496$3,161,471
Distributable Amount———

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

Giving Over Time

Total grant dollars and number of grants per year

$0$500K$1M$1.5M3 grants20201 grants20212 grants20221 grants20234 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2024

Brigham & Womens Hospital: $445KBrigham & Womens Hospital$445KBrigham & Women's Physican Group: $60KBrigham & Women's PhysicanGroup$60KYale University: $32KYale University$32KStanford University: $30KStanford University$30K

Grant Size Distribution

11 grants across all recorded years

4<$50K2$50–100K1$100–250K2$250–500K1$500K–1M1$1–5M$5M+

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Brigham & Womens Hospital Boston, MAResearch$444,500
Brigham & Women's Physican Group Boston, MAResearch$60,000
Yale University New Haven, CTResearch$32,000
Stanford University Stanford, CAResearch$30,000

Leadership & Key People

Officers and directors from IRS filings

Foundation for Neurologic Diseases Inc is led by Dennis J Selkoe, President on every filing since 2020; 3 of 8 officers listed in 2024 are compensated.

Officers on the 2024 filing

  • Dennis J Selkoe

    President

    On filings since 2020

    40 hrs/week

    $228K (2020) → $253K (2024)

  • Karen Hodge

    Executive Director

    On filings since 2020

    40 hrs/week

    $124K (2020) → $182K (2024)

  • Andrew Bounas

    Director

    On filings since 2020

    1 hr/week

    No compensation reported

  • Joanne S Chertok

    Director

    On filings since 2020

    1 hr/week

    No compensation reported

  • Jon G Auerbach

    Director

    On filings since 2020

    1 hr/week

    No compensation reported

  • Philip M Friedmann

    Director

    On filings since 2020

    1 hr/week

    No compensation reported

  • Shirley S Siff

    Director

    On filings since 2020

    1 hr/week

    No compensation reported

  • Howard L Weiner

    Treasurer

    On filings since 2020

    10 hrs/week

    $40K (2020) → $67K (2024)

Former officers (1)
  • Former: Faye Levine (2020–2022) — Director

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

Dennis J Selkoe — President: $253KDennis J SelkoePresident$253KKaren Hodge — Executive Director: $182KKaren HodgeExecutive Director$182KHoward L Weiner — Treasurer: $67KHoward L WeinerTreasurer$67K

Subject Areas

Focus areas based on grantmaking activity

Frequently Asked Questions

What is Foundation for Neurologic Diseases Inc?

Foundation for Neurologic Diseases Inc is a nonprofit organization focused on Medical Research, based in Newburyport, MA. It holds $49.2M in total assets as of 2024.

How large is Foundation for Neurologic Diseases Inc?

As of 2024, Foundation for Neurologic Diseases Inc holds $49.2M in total assets with $4.4M in annual revenue. It awarded 4 grants totaling $567K in 2024.

What is Foundation for Neurologic Diseases Inc's EIN?

Foundation for Neurologic Diseases Inc's EIN (Employer Identification Number) is 04-3015469. IRS Form 990 filing data is available on this page for 2020–2024.

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Data last updated September 2026. Sourced from IRS Form 990 filings.

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