National Biomedical Research Foundation
National Biomedical Research Foundation is a private foundation focused on Medical Research, based in Waltham, MA. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $2.0M in total assets. In 2025, it awarded 1 grant totaling $567K. Net investment income was $107K.
National Biomedical Research Foundation at a glance
In short: National Biomedical Research Foundation gave $567K across 1 grant in 2025 (avg $567K), mostly in Massachusetts. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $567,000
- Grants made (2025)
- 1
- Average grant
- $567,000
- Median grant
- $567,000
- Total assets
- $1,960,981
- -21.1% vs 2024
- Primary geography
- Massachusetts (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who National Biomedical Research Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Bentley University ($567K).
Grant Size Distribution
4 grants across all recorded years
The most common grant size was in the $500K–1M range: 3 grants of 4 (75%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How National Biomedical Research Foundation gives
- Giving held roughly steady from 2022 to 2025 (+13%). Method
- In 2025 it paid out 627% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $500K (2021) to $1.0M (2023). In 2025 it made 1 grant totaling $567K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Bentley University Waltham, MA | Develop and maintain center for integration of science and industry at bentley university | $567,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $1,960,981 | $63,494 | $586,889 | $567,000 | 1 | $585,401 | $107,033 | $93,323 |
| 2024 | $2,484,949 | $124,003 | $20,443 | — | — | $18,719 | $124,003 | $109,652 |
| 2023 | $2,381,442 | $-15,816 | $1,019,692 | $1,000,000 | 1 | $1,017,854 | $132,238 | $126,406 |
| 2022 | $3,416,318 | $63,519 | $522,346 | $500,000 | 1 | $521,144 | $85,380 | $163,342 |
| 2021 | $3,875,813 | $34,727 | $459,603 | $500,000 | 1 | — | $113,327 | $185,940 |
Under IRS private-foundation payout rules, National Biomedical Research Foundation reported a distributable amount of $93K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
National Biomedical Research Foundation is led by Fred Ledley, President on every filing since 2021; none of the 7 officers listed in 2025 report compensation.
Officers on the 2025 filing
Fred Ledley
President
On filings since 2021
2 hrs/week
No compensation reported
Bruce Leicher Esq.
Director
On filings since 2021
2 hrs/week
No compensation reported
David Fischell
Director
On filings since 2021
2 hrs/week
No compensation reported
Nancy Hsuing
Director
On filings since 2021
2 hrs/week
No compensation reported
Mark Adams
Director
On filings since 2024
2 hrs/week
No compensation reported
Bruce Kurlander Esq.
Clerk & Treasurer
On filings since 2021
2 hrs/week
No compensation reported
Linda King
Assistant Treasurer
On filings since 2021
2 hrs/week
No compensation reported
Former officers (2)
- Former: Bert O'Malley (2021) — Director
- Former: Sophie Chapelle (2021) — Director
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about National Biomedical Research Foundation
How much does National Biomedical Research Foundation give each year?
National Biomedical Research Foundation gave $567K across 1 grant in 2025, according to its 2025 IRS Form 990-PF.
How large is National Biomedical Research Foundation?
National Biomedical Research Foundation reported $2.0M in total assets on its 2025 IRS Form 990-PF. It paid out $585K in qualifying distributions that year, against a required minimum of $93K (roughly 5% of its investment assets).
What is National Biomedical Research Foundation?
National Biomedical Research Foundation is a private foundation focused on Medical Research, based in Waltham, MA. It holds $2.0M in total assets as of 2025.
Where does National Biomedical Research Foundation operate?
National Biomedical Research Foundation has awarded grants in Massachusetts.
What is National Biomedical Research Foundation's EIN?
National Biomedical Research Foundation's EIN (Employer Identification Number) is 13-1926374. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2025
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