Foundation for Research
As a supporting organization to the Clayton Foundation for Research ("Clayton"), the organization's primary mission is to fund medical research for the purpose of discovering the cause, prevention and cure of diseases for the benefit of mankind. The secondary mission is to transfer the resulting medical research discoveries from the laboratory to the use of the general public by patenting and licensing such technology for development into drugs or other products for the use and benefit of mankind through Clayton's other supporting entities.
Foundation for Research at a glance
In short: Foundation for Research gave $5.7M across 2 grants in 2024 (avg $2.9M), mostly in Nevada. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $5,710,000
- +121.7% vs 2023
- Grants made (2024)
- 2
- +100.0% vs 2023
- Average grant
- $2,855,000
- +10.9% vs 2023
- Median grant
- $2,855,000
- Total assets
- $160,440,997
- +4.8% vs 2023
- Primary geography
- Nevada (69% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who Foundation for Research funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was Research Development Foundation ($3.9M). Together the top 2 received $5.7M.
Grant Size Distribution
7 grants across all recorded years
The most common grant size was in the $1–5M range: 5 grants of 7 (71%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
Cities
How Foundation for Research gives
- Giving grew 226% from 2021 to 2024. 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 2024, annual grant giving ranged from $975K (2020) to $5.7M (2024). In 2024 it made 2 grants totaling $5.7M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Research Development Foundation Carson City, NV | General Support | $3,935,000 |
| Clayton Foundation for Research Houston, TX | Gen Support | $1,775,000 |
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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 | $160,440,997 | $6,556,157 | $7,047,376 | $5,710,000 | 2 | $6,556,157 |
| 2023 | $153,158,382 | $8,084,942 | $3,959,908 | $2,575,000 | 1 | $4,984,942 |
| 2022 | $139,501,706 | $6,169,277 | $2,922,550 | $1,758,000 | 2 | $6,169,277 |
| 2021 | $164,068,419 | $4,402,154 | $2,838,601 | $1,750,000 | 1 | $3,902,154 |
| 2020 | $147,263,007 | $2,247,407 | $2,025,340 | $975,000 | 1 | $2,247,407 |
About Foundation for Research
Based on IRS filings
Foundation for Research is a public charity focused on Medical Research, based in Carson City, NV. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $160.4M in total assets. In 2024, it awarded 2 grants totaling $5.7M. Net investment income was $6.6M.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Foundation for Research is led by Robert M Wallace, Trustee & President on every filing since 2020; 6 of 8 officers listed in 2024 are compensated.
Officers on the 2024 filing
Robert M Wallace
Trustee & President
On filings since 2020
4 hrs/week
$176K (2020) → $210K (2024)
Brian W Crozier
Trustee & Chairman
Trustee → Trustee & Chairman, 2023
On filings since 2020
2 hrs/week
$84K (2020) → $101K (2024)
Jarred W Sloan
Trustee, Vice President & Treasurer
On filings since 2020
6 hrs/week
$145K (2020) → $174K (2024)
Joan S Dunlap
Trustee, Vice President & Assistant Secretary
Vice President & Assistant Secretary → Trustee, Vice President & Assistant Secretary, 2023
On filings since 2020
4 hrs/week
$22K (2020) → $127K (2024)
Lynn P Carter
Trustee
On filings since 2020
4 hrs/week
$84K (2020) → $101K (2024)
John Russell Beekman
Vice President
On filings since 2020
20 hrs/week
$102K (2020) → $118K (2024)
Christopher MacKenzie
Vice President & Secretary
On filings since 2020
1 hr/week
No compensation reported
Robert L Evans
Vice President & Assistant Treasurer
Assistant Treasurer → Vice President & Assistant Treasurer, 2023
On filings since 2020
No compensation reported
Former officers (1)
- Former: Thomas J Brorby (2020–2023) — Trustee & Chairman · Filing note: Deceased
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 $210K, to Robert M Wallace (Trustee, President). 6 officers or directors reported compensation on that filing.
Frequently asked questions about Foundation for Research
How much does Foundation for Research give each year?
Foundation for Research gave $5.7M across 2 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $2.6M across 1 grant.
How large is Foundation for Research?
Foundation for Research reported $160.4M in total assets on its 2024 IRS Form 990. Its revenue that year was $6.6M.
What is Foundation for Research?
Foundation for Research is a public charity focused on Medical Research, based in Carson City, NV. It holds $160.4M in total assets as of 2024.
Where does Foundation for Research operate?
Foundation for Research has awarded grants in Nevada, Texas.
What is Foundation for Research's EIN?
Foundation for Research's EIN (Employer Identification Number) is 88-0234196. 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
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS November 15, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 14, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 15, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 14, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 17, 2025)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Foundation for Research's focus areas in our free grants database
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