University of Virginia Patent Foundation
THE UVA LICENSING AND VENTURES GROUP IS DEDICATED TO GROWING AND GUIDING UNIVERSITY INNOVATIONS WHILE IMPROVING LIVES ON GROUNDS AND AROUND THE WORLD.
Financial Overview
From 2025 IRS Form 990-PF
Total Assets
$19.9M
+4.3% YoY
Annual Giving
$2.5M
+85.9% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$2.5M
+85.9% YoY
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Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $19,864,383 | $19,043,316 | $19,920,463 |
| Revenue | $11,383,590 | $9,961,448 | $9,568,923 |
| Expenses | $11,420,744 | $9,957,478 | $9,563,970 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $10,408 | $28,586 | $19,471 |
| 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 1 recipients in 2025
Grant Size Distribution
6 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Who else does University of Virginia Patent Foundation fund?
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Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHAEL LENOX | DIRECTOR | 1 | — |
| JENNIFER WEST | DIRECTOR | 1 | — |
| JEFFREY MARTENS | DIRECTOR | 1 | — |
| RICHARD CHYLLA | EXECUTIVE DIRECTOR | 40 | $405,833 |
| LORI MCMAHON | DIRECTOR | 1 | — |
| ROBERT CREEDEN | DIRECTOR OF UVA LVG SEED FUND | 40 | $257,081 |
| ROBERT DECKER | BOARD SECRETARY, SENIOR PATENT COUNSEL | 40 | $235,952 |
| JILL SIMANDL | DIRECTOR OF FINANCE AND OPERATIONS | 40 | $170,167 |
| JOSHUA MAULDIN | DIRECTOR OF LICENSING | 40 | $164,147 |
| JONATHAN RUDD | LICENSING MANAGER | 40 | $112,762 |
| CORTNEY MUSHILL | LICENSING MANAGER | 40 | $105,469 |
| FRED EPSTEIN | DIRECTOR | 1 | — |
| PETER GRANT II | CHAIR | 1 | — |
| ERIK HEWLETT | DIRECTOR | 1 | — |
| JOHN LAZO | DIRECTOR | 1 | — |
| PAUL MICHEL | DIRECTOR | 1 | — |
| RONALD NEWBOLD | VICE CHAIR | 1 | — |
| RICHARD TADLER | DIRECTOR | 1 | — |
| KWAME ULMER | TREASURER | 1 | — |
Geographic Focus
Where this funder has awarded grants
Grant Distribution by State
States
Cities
Data last updated March 2026. Sourced from IRS Form 990-PF filings.
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