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 · View filing
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
About University of Virginia Patent Foundation
Based on IRS filings
University of Virginia Patent Foundation is a nonprofit organization focused on Education, based in CHARLOTTESVILLE, VA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $19.9M in total assets. In 2025, it awarded 1 grants totaling $2.5M. Net investment income was $10K.
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 | 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
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include University of Virginia ($2,502,067).
| Recipient | Purpose | Amount |
|---|---|---|
| UNIVERSITY OF VIRGINIA CHARLOTTESVILLE, VA | THE FOUNDATION IS A SUPPORTING ORGANIZATION FOR THE UNIVERSITY OF VIRGINIA. THE AMOUNT OF CASH PAID TO THE UNIVERSITY FOR DISTRIBUTIONS OF ROYALITIES TO THE INNOVATION & SCHOLARLY ACTIVITIES FUND AND TO THE UNIVERSITY IS BASED ON THE AGREEMENT BETWEEN THE FOUNDATION AND THE UNIVERSITY OF VIRGINIA. THE PAYMENT DOES NOT INCLUDE ANY REFUND FOR OVERPAYMENT OF FEES FOR SERVICES RENDERED. | $2,502,067 |
Leadership & 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 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is University of Virginia Patent Foundation?
University of Virginia Patent Foundation is a nonprofit organization focused on Education, based in CHARLOTTESVILLE, VA. It holds $19.9M in total assets as of 2025.
How large is University of Virginia Patent Foundation?
As of 2025, University of Virginia Patent Foundation holds $19.9M in total assets with $11.4M in annual revenue. It awarded 1 grants totaling $2.5M in 2025.
Where does University of Virginia Patent Foundation operate?
University of Virginia Patent Foundation has awarded grants in Virginia.
What size grants does University of Virginia Patent Foundation award?
In 2025, University of Virginia Patent Foundation awarded 1 grants totaling $2.5M — an average of about $2.5M per grant, based on its IRS Form 990 filings.
What is University of Virginia Patent Foundation's EIN?
University of Virginia Patent Foundation's EIN (Employer Identification Number) is 54-1045487. IRS Form 990 filing data is available on this page for 2020–2025.
Explore Open Grants
Browse active grant opportunities in University of Virginia Patent Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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