Research Development Foundation
To advance medical and scientific research through the transfer of technology from the laboratory to public use by obtaining patents and licenses and administering patents arising out of discoveries made pursuant to research conducted or sponsored by Clayton Foundation for Research and its supporting organizations.
Research Development Foundation at a glance
In short: Research Development Foundation gave $250K across 1 grant in 2024 (avg $250K), mostly in Nevada. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $250,000
- -97.1% vs 2023
- Grants made (2024)
- 1
- -50.0% vs 2023
- Average grant
- $250,000
- -94.2% vs 2023
- Median grant
- $250,000
- Total assets
- $51,172,587
- +7.2% vs 2023
- Primary geography
- Nevada (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who Research Development Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Foundation for Research ($250K).
Grant Size Distribution
7 grants across all recorded years
The most common grant size was $5M or more: 3 grants of 7 (43%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
Cities
How Research Development Foundation gives
- Giving fell 96% 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 $250K (2024) to $8.6M (2023). In 2024 it made 1 grant totaling $250K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Foundation for Research Carson City, NV | General Support | $250,000 |
Ready to take the next step with Research Development Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $51,172,587 | $6,153,203 | $15,954,732 | $250,000 | 1 | $1,472,512 |
| 2023 | $47,741,944 | $4,800,082 | $16,802,510 | $8,600,000 | 2 | $2,283,971 |
| 2022 | $53,552,306 | $5,465,008 | $12,137,887 | $2,125,000 | 1 | $-4,430,576 |
| 2021 | $46,239,131 | $15,306,815 | $11,210,876 | $6,000,000 | 2 | $520,682 |
| 2020 | $35,707,827 | $11,874,968 | $12,772,992 | $7,500,000 | 1 | $510,941 |
About Research Development Foundation
Based on IRS filings
Research Development Foundation is a public charity, based in Carson City, NV. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $51.2M in total assets. In 2024, it awarded 1 grant totaling $250K. Net investment income was $1.5M.
Leadership & Key People
Officers and directors from IRS filings
Research Development Foundation is led by Robert M Wallace, Trustee & President on every filing since 2020; 5 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
$156K (2020) → $187K (2024)
Brian W Crozier
Trustee & Chairman
Trustee → Trustee & Chairman, 2023
On filings since 2020
6 hrs/week
$65K (2020) → $77K (2024)
Jarred W Sloan
Trustee, Vice President & Treasurer
On filings since 2020
4 hrs/week
$126K (2020) → $150K (2024)
Joan S Dunlap
Trustee, Vice President & Assistant Secretary
Vice President & Assistant Secretary → Trustee, Vice President & Assistant Secretary, 2023
On filings since 2020
8 hrs/week
$43K (2020) → $129K (2024)
Lynn P Carter
Trustee
On filings since 2020
4 hrs/week
$65K (2020) → $77K (2024)
Christopher MacKenzie
Vice President & Secretary
On filings since 2020
1 hr/week
No compensation reported
John Russell Beekman
Vice President
On filings since 2020
10 hrs/week
No compensation reported
Robert L Evans Jr.
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 $187K, to Robert M Wallace (Trustee, President). 5 officers or directors reported compensation on that filing.
Frequently asked questions about Research Development Foundation
How much does Research Development Foundation give each year?
Research Development Foundation gave $250K across 1 grant in 2024, according to its 2024 IRS Form 990. In 2023 it gave $8.6M across 2 grants.
How large is Research Development Foundation?
Research Development Foundation reported $51.2M in total assets on its 2024 IRS Form 990. Its revenue that year was $6.2M.
Where does Research Development Foundation operate?
Research Development Foundation has awarded grants in Nevada, Texas.
What is Research Development Foundation's EIN?
Research Development Foundation's EIN (Employer Identification Number) is 88-0234325. 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 Research Development Foundation's focus areas in our free grants database
Similar Funders
Funders with grantees in common, and similar funders in Nevada
Foundation for Research
Carson City, NV
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.
Assets
$160.4M
Grants
2
Total Given
$5.7M
NV Energy Charitable Foundation
Reno, NV
The foundation supports qualified public charities in the NV Energy service areas, with emphasis on environmental conservation, education, and public safety. Its 2025 grants ranged from $350 to $500,000, with a median of $7,500. It accepts unsolicited requests through a Letter of Interest process, allowing one submission per organization each calendar year.
Assets
$26.6M
Grants
207
Total Given
$4.2M
Community Foundation of Northern Nevada
Reno, NV
The Community Foundation of Northern Nevada supports nonprofits and community projects, including nonprofit capacity-building, mental health access, housing, and watershed protection, primarily in Northern Nevada. Its 2024 grants had a median of $20,000, though amounts varied widely; it accepts applications through specific funding opportunities and RFP cycles, but the profile does not state whether it accepts general unsolicited requests.
Assets
$178.2M
Grants
207
Total Given
$16.0M
Tahoe Community Foundation
Incline Village, NV
Tahoe Community Foundation funds nonprofits serving the Lake Tahoe Basin in areas including the environment, education and youth, well-being, arts and culture, and community engagement. Action Grants typically range from $2,500 to $5,000; its broader 2025 grantmaking had a median award of $25,000. It accepts Action Grant applications on a rolling basis for quarterly review; the Community Fund has an annual competitive cycle.
Assets
$169.9M
Grants
191
Total Given
$26.9M
MGM Resorts Foundation
Las Vegas, NV
The MGM Resorts Foundation funds one-year grants to nonprofits providing essential services, including housing, workforce development, education, food, health, and family support. In 2025, grants ranged from $5,200 to $128,542, with a median of $13,019; funding focuses on communities where MGM employees live and work, especially Nevada. It describes a proposal-review process through regional Community Grant Councils but does not state whether unsolicited requests are accepted.
Assets
$9.9M
Grants
143
Total Given
$3.5M
Dermody Properties Foundation
Reno, NV
The Dermody Properties Foundation funds 501(c)(3) nonprofits focused on arts, education and family, with added emphasis on children, older adults, people with disabilities, substance abuse and homelessness. It typically gives $500–$3,000 to organizations within about 30 miles of a current Dermody project, in communities where the company operates. It accepts online grant requests; the stated annual deadline is August 1, though its 2025 filing gives a different deadline.
Assets
$2K
Grants
137
Total Given
$245K
More similar funders
More Funders in Nevada
Cite this profile
Grantable. (2026). Research Development Foundation funder profile. GrantGraph. Retrieved October 9, 2026, from https://grantable.co/funders/research-development-foundation-morg_e8fc2673c5f5422499670c54235fc6a2
BibTeX
@misc{grantable_880234325_2026,
author = {{Grantable}},
title = {{Research Development Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/research-development-foundation-morg_e8fc2673c5f5422499670c54235fc6a2},
note = {Accessed 2026-10-09. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Research Development Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Research Development Foundation down — hundreds of funders to go?