NOVO NORDISK FONDEN (NNF) CONTRIBUTES SIGNIFICANTLY TO RESEARCH AND DEVELOPMENT THAT IMPROVES THE LIVES OF PEOPLE AND THE SUSTAINABILITY OF SOCIETY THROUGH GRANTMAKING.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$8.6B
+0.6% YoY
Annual Giving
$16.4M
-41.4% YoY
Grant Count
17
+142.9% YoY
Avg Grant Size
$967K
-75.9% YoY
About Novo Nordisk Fonden
Based on IRS filings
Novo Nordisk Fonden is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $8.6B in total assets. In 2024, it awarded 17 grants totaling $16.4M. Net investment income was $1.2B.
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 |
|---|---|---|
| Total Assets | $8,588,465,835 | $8,537,586,696 |
| Revenue | $1,362,313,838 | $225,759,846 |
| Expenses | $1,252,266,819 | $1,186,935,341 |
| Qualifying Distributions | — | — |
| Net Investment Income | $1,241,276,861 | $82,297,396 |
| 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 10 recipients in 2024
Grant Size Distribution
24 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Johns Hopkins University ($2,233,117), International Rescue Committee ($2,175,332), Nrel Foundation ($1,953,680).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN DIABETES ASSOCIATION ARLINGTON, VA | MEDSCI | $329,892 |
| AMERICAN SOCIETY FOR NUTRITION FOUNDATION ROCKVILLE, MD | O&NS | $252,178 |
| COMMUNITY PARTNERS INTERNATIONAL SAN FRANCISCO, CA | SOCHUM | $665,991 |
| CORNELL UNIVERSITY ITHACA, NY | BIOTECH | $725,991 |
| INTERNATIONAL MEDICAL CORPS LOS ANGELES, CA | SOCHUM | $691,468 |
| INTERNATIONAL RESCUE COMMITTEE NEW YORK, NY | SOCHUM | $2,175,332 |
| JOHNS HOPKINS UNIVERSITY BALTIMORE, MD | INFDIS | $2,233,117 |
| MASSACHUSETTS INSTITUTE OF TECHNOLOGY CAMBRIDGE, MA | NAT-TECH | $150,816 |
| NREL FOUNDATION GOLDEN, CO | BIOTECH | $1,953,680 |
| PRESIDENT AND FELLOWS OF HARVARD COLLEGE BOSTON, MA | O&NS | $715,788 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| STEEN RIISGAARD | DIRECTOR | 1 | $223,624 |
| MADS BORITZ GRON | DIRECTOR | 1 | $71,206 |
| STIG STROBAEK | DIRECTOR | 1 | $71,206 |
| LARS HENRIK FUGGER | DIRECTOR | 1 | $122,688 |
| LISELOTTE HOJGAARD | DIRECTOR | 1 | $85,708 |
| NANA SEJBAEK | DIRECTOR | 1 | $86,289 |
| OLE JAKOB MULLER | DIRECTOR | 1 | $71,206 |
| CHRISTOPHER ASHBY VOIGT | DIRECTOR | 1 | $103,691 |
| LARS REBIEN SORENSEN | CHAIR | 1 | $374,302 |
| LARS HENRIK MUNCH | VICE CHAIR | 1 | $172,431 |
| MADS KROGSGAARD THOMSEN | CEO | 40 | $1,284,200 |
| ERIKA SODERBERG JOHNSSON | CFO | 40 | $452,991 |
| SOREN NEDERGAARD | COO | 40 | $495,106 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Novo Nordisk Fonden?
Novo Nordisk Fonden is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking. It holds $8.6B in total assets as of 2024.
How large is Novo Nordisk Fonden?
As of 2024, Novo Nordisk Fonden holds $8.6B in total assets with $1.4B in annual revenue. It awarded 17 grants totaling $16.4M in 2024.
Where does Novo Nordisk Fonden operate?
Novo Nordisk Fonden has awarded grants in California, Colorado, District of Columbia, Illinois, Massachusetts, Maryland, New York, Texas, Virginia, Washington.
What size grants does Novo Nordisk Fonden award?
In 2024, Novo Nordisk Fonden awarded 17 grants totaling $16.4M — an average of about $967K per grant, based on its IRS Form 990 filings.
What is Novo Nordisk Fonden's EIN?
Novo Nordisk Fonden's EIN (Employer Identification Number) is 98-1718091. IRS Form 990 filing data is available on this page for 2023–2024.
Explore Open Grants
Browse active grant opportunities in Novo Nordisk Fonden's focus areas in our free grants database
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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