TO SUPPORT AND ADVANCE TRANSLATIONAL RESEARCH IN THE AREAS OFBASIC AND CLINICAL SCIENCE UNDER THE HIGHEST ETHICAL AND MEDICALSTANDARDS TO IDENTIFY AND IMPLEMENT NEW INNOVATIVE APPROACHESAND METHODOLOGIES TO DIAGNOSE, TREAT AND/OR MANAGE THE CARE OFDISEASES TO RELIEVE SUFFERING, IMPROVE OUTCOMES, REDUCE COSTSAND INCREASE THE OVERALL VALUE AND ACCESSIBILITY OF HEALTH CARE TOMANY MORE PEOPLE THAN PREVIOUSLY CONSIDERED POSSIBLE.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$253.3M
+13.8% YoY
Annual Giving
$3.4M
-37.8% YoY
Grant Count
3
+0.0% YoY
Avg Grant Size
$1.1M
-37.8% YoY
About Heritage Medical Research Institute
Based on IRS filings
Heritage Medical Research Institute is a nonprofit organization focused on Medical Research, based in MARINA DEL REY, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $253.3M in total assets. In 2024, it awarded 3 grants totaling $3.4M. Net investment income was $19.0M.
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 | $253,299,130 | $222,526,682 | $224,317,324 |
| Revenue | $19,001,633 | $1,769,007 | $12,358,037 |
| Expenses | $5,053,636 | $7,254,324 | $8,121,488 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $19,029,445 | $1,797,738 | $5,202,716 |
| 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 3 recipients in 2024
Grant Size Distribution
16 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include California Institute of Technology ($2,061,924), Regents of the University of California at Berkeley ($990,000), Stanford University ($385,000).
| Recipient | Purpose | Amount |
|---|---|---|
| REGENTS OF THE UNIVERSITY OF CALIFORNIA AT BERKELEY BERKELEY, CA | PROGRAM ASSISTANCE | $990,000 |
| STANFORD UNIVERSITY STANFORD, CA | PROGRAM ASSISTANCE | $385,000 |
| CALIFORNIA INSTITUTE OF TECHNOLOGY PASADENA, CA | PROGRAM ASSISTANCE | $2,061,924 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DR RICHARD MERKIN | PRESIDENT | 5 | — |
| JAYA KURIAN | CFO | 2 | — |
| MATTHEW SUESS | RESEARCH ASSOCIATE | 40 | $287,127 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Heritage Medical Research Institute?
Heritage Medical Research Institute is a nonprofit organization focused on Medical Research, based in MARINA DEL REY, CA. It holds $253.3M in total assets as of 2024.
How large is Heritage Medical Research Institute?
As of 2024, Heritage Medical Research Institute holds $253.3M in total assets with $19.0M in annual revenue. It awarded 3 grants totaling $3.4M in 2024.
Where does Heritage Medical Research Institute operate?
Heritage Medical Research Institute has awarded grants in California, Virginia.
What size grants does Heritage Medical Research Institute award?
In 2024, Heritage Medical Research Institute awarded 3 grants totaling $3.4M — an average of about $1.1M per grant, based on its IRS Form 990 filings.
What is Heritage Medical Research Institute's EIN?
Heritage Medical Research Institute's EIN (Employer Identification Number) is 55-0839353. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Heritage Medical Research Institute's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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