The primary mission of Purdue Research Foundation is to advance the mission of Purdue University.
Key facts about Purdue Research Foundation
In short: Purdue Research Foundation gave $50.1M across 1 grant in 2025 (avg $50.1M), mostly in Indiana. Source: 2025 IRS Form 990.
- EIN
- 35-1052049
- Latest 990 filing
- Form 990, 2025
- Annual giving (2025)
- $50,069,268
- Grants made (2025)
- 1
- Average grant
- $50,069,268
- Median grant
- $50,069,268
- Total assets
- $5,101,167,755
- Primary geography
- Indiana (100% of itemized 2025 grant dollars)
Data from IRS Form 990, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990 · View filing
Total Assets
$5.1B
+8.1% YoY
Annual Giving
$50.1M
-70.8% YoY
Grant Count
1
-50.0% YoY
Avg Grant Size
$50.1M
-41.6% YoY
How Purdue Research Foundation gives
- Giving held roughly steady from 2022 to 2025 (+13%). Method
From the foundation's IRS Form 990 filings. Methodology.
About Purdue Research Foundation
Based on IRS filings
Purdue Research Foundation is a public charity focused on Education, based in West Lafayette, IN. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $5.1B in total assets. In 2025, it awarded 1 grant totaling $50.1M. Net investment income was $72.3M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $37.2M (2021) to $171.6M (2024). In 2025 it made 1 grant totaling $50.1M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Purdue University ($50.1M).
Grant Size Distribution
8 grants across all recorded years
The most common grant size was $5M or more: 5 grants of 8 (63%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Purdue University West Lafayette, IN | Scholarship and Research | $50,069,268 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $5,101,167,755 | $4,719,284,662 | $4,439,087,595 |
| Revenue | $235,308,994 | $322,760,840 | $169,421,704 |
| Expenses | $196,204,296 | $335,614,829 | $199,166,269 |
| Net Investment Income | $72,305,823 | $64,364,164 | $51,169,151 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS May 10, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS May 4, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS May 11, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS May 2, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS May 12, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS April 30, 2026)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Purdue Research Foundation is led by Chad Pittman, President & CEO since 2025 (on filings since 2020); 12 of 31 officers listed in 2025 are compensated.
Officers on the 2025 filing
Chad Pittman
President & CEO
Vice President, Strategic Transactions & Partners → President & CEO, 2025
On filings since 2020
40 hrs/week
$405K (2020) → $0 (2025)
Matthew Folk
P4l President, CEO & Vice President Univ Advancement
On filings since 2021
40 hrs/week
$250K (2021) → $450K (2025)
Michelle Giuda
CEO & Krach Institute for Tech Diplomacy at Purdue
On filings since 2024
40 hrs/week
$533K (2024) → $546K (2025)
Brian Edelman
President
On filings since 2020
40 hrs/week
$331K (2020) → $380K (2025)
Mitchell E Daniels Jr.
Chair
On filings since 2020
7 hrs/week
No compensation reported
Carrie Kendrick
Director
On filings since 2020
1 hr/week
No compensation reported
Charles E Schalliol
Director
On filings since 2020
1 hr/week
No compensation reported
David Adams
Director
On filings since 2020
1 hr/week
No compensation reported
Gary Lehman
Director
On filings since 2020
1 hr/week
No compensation reported
J Timothy McGinley
Director
On filings since 2020
1 hr/week
No compensation reported
Julia Hipps
Director
On filings since 2020
1 hr/week
No compensation reported
Kelvin Pennington
Director
On filings since 2020
1 hr/week
No compensation reported
Lawrence Beck
Director
On filings since 2020
1 hr/week
No compensation reported
Michael Wells
Director
On filings since 2020
1 hr/week
No compensation reported
Scott Niswonger
Director
On filings since 2020
1 hr/week
No compensation reported
William Elmore
Director
On filings since 2020
1 hr/week
No compensation reported
Emily Liggett
Director
On filings since 2021
1 hr/week
No compensation reported
Michael Klipsch
Director
On filings since 2021
1 hr/week
No compensation reported
Aaron Schacht
Director
New on the 2025 filing
1 hr/week
No compensation reported
Keyvan Esfarjani
Director
New on the 2025 filing
1 hr/week
No compensation reported
R Byron Pipes
Director
New on the 2025 filing
1 hr/week
No compensation reported
Brandee Sommer
Secretary
On filings since 2020
40 hrs/week
$63K (2020) → $90K (2025)
Brooke Beier
Senior Vice President & Commercialization
Vice President & Office of Technology Commercialization → Senior Vice President & Commercialization, 2024
On filings since 2020
40 hrs/week
$212K (2020) → $320K (2025)
David Broecker
Chief Innovation & Collaboration Officer
On filings since 2020
40 hrs/week
$230K (2020) → $552K (2025)
David Cooper
Chief Investment Officer
On filings since 2020
40 hrs/week
$287K (2020) → $560K (2025)
Greg Deason
Chief Operating Officer
Senior Vice President, Director of Innovation & Entrepreneurship → Senior Vice President, Alliances & Placemaking, 2024
Senior Vice President, Alliances & Placemaking → Chief Operating Officer, 2025
On filings since 2020
40 hrs/week
$280K (2020) → $317K (2025)
Scott Seidle
CFO & Treasurer
On filings since 2020
40 hrs/week
$322K (2020) → $388K (2025)
Tammy Metzinger
Assistant Treasurer
On filings since 2020
40 hrs/week
$127K (2020) → $179K (2025)
Emily Najem
Assistant Secretary
On filings since 2021
40 hrs/week
$115K (2021) → $190K (2025)
Lee Rubenstein
Chief Training & Education Officer Kitdp
New on the 2025 filing
40 hrs/week
$431K (2025)
Karen Plaut
Vice President for Research
On filings since 2023
1 hr/week
No compensation reported
Former officers (15)
- Former: Blair Webb (2020–2024) — Director of Investments
- Former: Mamoon Hamid (2020–2024) — Director
- Former: William Sullivan (2020–2024) — Director
- Former: Theresa Mayer (2020–2023) — Vice President for Research
- Former: Bonnie Glick (2023) — Director Krach Institute for Tech Diplomacy
- Former: Sanjay Patel (2020–2022) — Director of Investments
- Former: Wade Lange (2020–2022) — Vice President & Chief Entrepreneurial Officer
- Former: Troy Hege (2022) — Vice President, Innovation & Technology
- Former: Amy Noah (2020–2021) — Former Vice President for Development
- Former: Richard Michal (2020–2021) — Chief Building & Facilities Officer
- Former: David Hodde (2020) — Assistant Secretary
- Former: Elizabeth Bechdol (2020) — Director
- Former: Scott Henderson (2020) — Vice President & Chief Entrepreneurial Officer
- Former: Suresh Garimella (2020) — Executive Vice President for Research & Partnerships
- Former: Thomas Spurgeon (2020) — Director
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $560K, to David Cooper (Chief Investment Officer). 12 officers or directors reported compensation on that filing.
Frequently asked questions about Purdue Research Foundation
How much does Purdue Research Foundation give each year?
Purdue Research Foundation gave $50.1M across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $171.6M across 2 grants.
How large is Purdue Research Foundation?
Purdue Research Foundation reported $5.1B in total assets on its 2025 IRS Form 990. Its revenue that year was $235.3M.
What is Purdue Research Foundation?
Purdue Research Foundation is a public charity focused on Education, based in West Lafayette, IN. It holds $5.1B in total assets as of 2025.
Where does Purdue Research Foundation operate?
Purdue Research Foundation has awarded grants in Indiana.
What is Purdue Research Foundation's EIN?
Purdue Research Foundation's EIN (Employer Identification Number) is 35-1052049. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Here's the math on researching Purdue Research Foundation by hand.
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