Terasaki Inst for Biomedical Innovation
Terasaki Inst for Biomedical Innovation is a private foundation, based in Wooland Hills, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $66.5M in total assets. In 2024, it awarded 3 grants totaling $15K.
Terasaki Inst for Biomedical Innovation at a glance
In short: Terasaki Inst for Biomedical Innovation gave $15K across 3 grants in 2024 (avg $5K), mostly in Massachusetts. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $14,736
- -94.5% vs 2023
- Grants made (2024)
- 3
- +0.0% vs 2023
- Average grant
- $4,912
- -94.5% vs 2023
- Median grant
- $4,413
- Total assets
- $66,495,207
- -0.7% vs 2023
- Primary geography
- Massachusetts (58% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Terasaki Inst for Biomedical Innovation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was Brigham and Women's Hospital ($9K). Together the top 3 received $15K.
Grant Size Distribution
20 grants across all recorded years
The most common grant size was in the $100–250K range: 8 grants of 20 (40%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
Cities
How Terasaki Inst for Biomedical Innovation gives
- Giving fell 98% from 2021 to 2024. 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 2020 to 2024, annual grant giving ranged from $15K (2024) to $3.7M (2020). In 2024 it made 3 grants totaling $15K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Brigham and Women's Hospital Boston, MA | Subawardee | $8,585 |
| Duke University Durham, NC | Subawardee | $4,413 |
| University of Texas at San Antonio San Antonio, TX | Subawardee | $1,738 |
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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 |
|---|---|---|---|---|---|---|---|
| 2024 | $66,495,207 | $9,973,511 | $13,637,731 | $14,736 | 3 | $5,072,764 | — |
| 2023 | $66,994,989 | $7,598,743 | $13,455,272 | $266,461 | 3 | $3,526,367 | — |
| 2022 | $64,880,105 | $7,081,425 | $11,617,608 | $660,873 | 6 | $6,169,366 | $1,456,842 |
| 2021 | $55,847,762 | $8,456,920 | $9,746,816 | $829,041 | 4 | $5,045,209 | $3,856,133 |
| 2020 | $54,341,018 | $3,077,181 | $9,575,377 | $3,670,100 | 4 | — | $1,096,935 |
Leadership & Key People
Officers and directors from IRS filings
Terasaki Inst for Biomedical Innovation is led by Alireza Khademhosseini, CEO on every filing since 2020; 6 of 10 officers listed in 2024 are compensated.
Officers on the 2024 filing
Alireza Khademhosseini
CEO
On filings since 2020
40 hrs/week
$155K (2020) → $512K (2024)
Stewart Han
President
President → Development, 2021
Development → President, 2023
On filings since 2020
40 hrs/week
$149K (2020) → $163K (2024)
Keith K. Terasaki
Chairman
On filings since 2020
1 hr/week
No compensation reported
Ceclia Terasaki
Director
On filings since 2021
No compensation reported
Naoko Terasaki
Director
On filings since 2021
No compensation reported
Lawrence Brogan
CFO
On filings since 2020
40 hrs/week
$204K (2020) → $217K (2024)
Rene Castro
Chief Operating Officer
Director of Op → Chief Operating Officer, 2023
On filings since 2022
40 hrs/week
$170K (2022) → $170K (2024)
Maruizio Vecchione
Chief Innovation Officer
On filings since 2023
40 hrs/week
$268K (2023) → $214K (2024)
Xiling Shen
Chief Science Officer
On filings since 2023
20 hrs/week
$180K (2023) → $180K (2024)
Paul K. Terasaki
Secretary
On filings since 2020
1 hr/week
No compensation reported
Former officers (4)
- Former: Maurizio Vecchione (2020–2022) — Innovations
- Former: Steven Hardy (2022) — Retired CFO
- Former: Hisako Terasaki (2020–2021) — Director
- Former: Taiji P. Terasaki (2020) — Director
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 $512K, to Alireza Khademhosseini (CEO). 6 officers or directors reported compensation on that filing.
Frequently asked questions about Terasaki Inst for Biomedical Innovation
How much does Terasaki Inst for Biomedical Innovation give each year?
Terasaki Inst for Biomedical Innovation gave $15K across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $266K across 3 grants.
What is Terasaki Inst for Biomedical Innovation's typical grant size?
Terasaki Inst for Biomedical Innovation's median grant in 2024 was $4,413, and its average grant was $4,912, across 3 grants on its 2024 IRS Form 990-PF.
Where does Terasaki Inst for Biomedical Innovation give grants?
Terasaki Inst for Biomedical Innovation gives mostly in Massachusetts: 58% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were North Carolina (30%) and Texas (12%).
Does Terasaki Inst for Biomedical Innovation give general operating support?
Not in 2024: none of the 3 grants with a stated purpose on Terasaki Inst for Biomedical Innovation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Subawardee" (3 grants).
How large is Terasaki Inst for Biomedical Innovation?
Terasaki Inst for Biomedical Innovation reported $66.5M in total assets on its 2024 IRS Form 990-PF. Its revenue that year was $10.0M.
What is Terasaki Inst for Biomedical Innovation's EIN?
Terasaki Inst for Biomedical Innovation's EIN (Employer Identification Number) is 95-4249502. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 12, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS December 6, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS February 25, 2026)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 14, 2025)
- IRS filings on file for fiscal years 2020–2024
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