Virginia Biosciences Health Research Corporation
To advance economic development by creating competitive critical mass for Virginia life sciences through collaborations with our research universities and industry, to attract research and commercialization capital to Virginia and to catalyze the commercialization of Virginia's innovations that meet large, unmet medical needs, improve human health and to create many more high-paying life science jobs in Virginia.
Virginia Biosciences Health Research Corporation at a glance
In short: Virginia Biosciences Health Research Corporation gave $4.8M across 5 grants in 2025 (avg $960K), mostly in Virginia. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $4,800,908
- +59.0% vs 2024
- Grants made (2025)
- 5
- +25.0% vs 2024
- Average grant
- $960,182
- +27.2% vs 2024
- Median grant
- $402,500
- Total assets
- $11,009,875
- -30.4% vs 2024
- Primary geography
- Virginia (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Virginia Biosciences Health Research Corporation funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was The University of Virginia ($3.0M). Together the top 5 received $4.8M.
Grant Size Distribution
25 grants across all recorded years
The most common grant size was in the $100–250K range: 8 grants of 25 (32%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
States
Cities
How Virginia Biosciences Health Research Corporation gives
- Giving grew 81% from 2022 to 2025. 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 2025, annual grant giving ranged from $2.6M (2023) to $4.8M (2025). In 2025 it made 5 grants totaling $4.8M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The University of Virginia Charlottesville, VA | To Foster Life Sciences Research | $2,995,296 |
| Virginia Commonwealth University Richmond, VA | To Foster Life Sciences Research | $827,100 |
| Virginia Polytechnic Institute and State University Blacksburg, VA | To Foster Life Sciences Research | $402,500 |
| Old Dominion University Norfolk, VA | To Foster Life Sciences Research | $378,012 |
| George Mason University Fairfax, VA | To Foster Life Sciences Research | $198,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $11,009,875 | $676,190 | $5,292,252 | $4,800,908 | 5 | $244,560 |
| 2024 | $15,811,648 | $7,885,549 | $7,916,981 | $3,019,383 | 4 | $317,179 |
| 2023 | $15,800,580 | $360,182 | $3,244,521 | $2,576,988 | 5 | $132 |
| 2022 | $18,803,065 | $7,801,213 | $3,121,531 | $2,658,017 | 6 | $1,213 |
| 2021 | $14,010,465 | $5,300,132 | $3,027,220 | $2,604,200 | 5 | $132 |
| 2020 | $11,820,580 | $7,853,248 | $3,641,424 | $3,239,164 | 6 | $3,248 |
About Virginia Biosciences Health Research Corporation
Based on IRS filings
Virginia Biosciences Health Research Corporation is a public charity focused on Science & Technology, based in Richmond, VA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $11.0M in total assets. In 2025, it awarded 5 grants totaling $4.8M. Net investment income was $245K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Virginia Biosciences Health Research Corporation is led by Michael Grisham, President & CEO on every filing since 2020; 2 of 17 officers listed in 2025 are compensated.
Officers on the 2025 filing
Michael Grisham
President & CEO
On filings since 2020
40 hrs/week
$200K (2020) → $200K (2025)
David X. Cifu MD
Chair
On filings since 2020
1 hr/week
No compensation reported
Dennis Manos PhD
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Howard P. Kern
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Michael Friedlander PhD
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Srirama Rao PhD
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Andre Marshall PhD
Director
On filings since 2021
0.5 hrs/week
No compensation reported
Charles Anamelechi PhD
Director
On filings since 2023
0.5 hrs/week
No compensation reported
Milton Brown MD PhD
Director
On filings since 2023
0.5 hrs/week
No compensation reported
Fred Epstein PhD
Director
New on the 2025 filing
0.5 hrs/week
No compensation reported
Grace Festa
Director
New on the 2025 filing
0.5 hrs/week
No compensation reported
Kenneth Fridley PhD
Director
New on the 2025 filing
0.5 hrs/week
No compensation reported
Michael Moran
Director
New on the 2025 filing
0.5 hrs/week
No compensation reported
Suzanne Zeta PhD
Vice President
On filings since 2020
40 hrs/week
$107K (2020) → $133K (2025)
Jeff Conroy
Treasurer
Director → Treasurer, 2025
On filings since 2020
1 hr/week
No compensation reported
Kyp Sirinakis
Vice Chair
Director → Vice Chair, 2023
On filings since 2020
1 hr/week
No compensation reported
Thomas D. Roberts III
Secretary
On filings since 2020
1 hr/week
No compensation reported
Former officers (10)
- Former: Melur Ramasubramanian PhD (2020–2024) — Director
- Former: Morris W. Foster PhD (2020–2024) — Treasurer
- Former: Vince Barnett (2020–2024) — Director
- Former: Joseph Benevento (2023–2024) — Director
- Former: Jeff Gallagher (2020–2022) — Director
- Former: Mickey Kim MD (2020–2022) — Director
- Former: William J. Wasilenko PhD (2020–2022) — Director
- Former: Honorable Caren Merrick (2022) — Director
- Former: Cassidy Rasnick (2020–2021) — Director
- Former: Aurali Dade PhD (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 $200K, to Michael Grisham (President & CEO). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Virginia Biosciences Health Research Corporation
How much does Virginia Biosciences Health Research Corporation give each year?
Virginia Biosciences Health Research Corporation gave $4.8M across 5 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $3.0M across 4 grants.
What is Virginia Biosciences Health Research Corporation's typical grant size?
Virginia Biosciences Health Research Corporation's median grant in 2025 was $402,500, and its average grant was $960,182, across 5 grants on its 2025 IRS Form 990.
Where does Virginia Biosciences Health Research Corporation give grants?
Virginia Biosciences Health Research Corporation gives mostly in Virginia: 100% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there.
Does Virginia Biosciences Health Research Corporation give general operating support?
Not in 2025: none of the 5 grants with a stated purpose on Virginia Biosciences Health Research Corporation's 2025 IRS Form 990 were described as general or operating support. Recurring purposes include "To Foster Life Sciences Research" (5 grants).
Who are Virginia Biosciences Health Research Corporation's largest grantees?
Virginia Biosciences Health Research Corporation's largest 2025 grantees include The University of Virginia ($2,995,296), Virginia Commonwealth University ($827,100) and Virginia Polytechnic Institute and State University ($402,500), according to its 2025 IRS Form 990. Together they received 88% of its itemized 2025 grant dollars.
How large is Virginia Biosciences Health Research Corporation?
Virginia Biosciences Health Research Corporation reported $11.0M in total assets on its 2025 IRS Form 990. Its revenue that year was $676K.
What is Virginia Biosciences Health Research Corporation?
Virginia Biosciences Health Research Corporation is a public charity focused on Science & Technology, based in Richmond, VA. It holds $11.0M in total assets as of 2025.
What is Virginia Biosciences Health Research Corporation's EIN?
Virginia Biosciences Health Research Corporation's EIN (Employer Identification Number) is 46-1961453. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS November 20, 2020)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 11, 2021)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 22, 2022)
- Updated Form 990 for fiscal year 2023 (received by the IRS September 28, 2023)
- Updated Form 990 for fiscal year 2024 (received by the IRS September 23, 2024)
- Updated Form 990 for fiscal year 2025 (received by the IRS October 20, 2025)
- IRS filings on file for fiscal years 2020–2025
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