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Indiana · Nonprofit

Purdue Research Foundation

Purdue Research Foundation (Indiana) receives grants from 277 organizations whose IRS filings report $410,330,049 to it, the largest being LILLY ENDOWMENT INC ($194,018,515). 153 of them have funded it in more than one year.

$235M
Revenue FY2025
277
Funders on record
$410M
Grants received
$1.5B
Net assets
153/277 repeat fundersgrants exceed reported revenue in one year

Against its field

Purdue Research Foundation runs a healthier operating margin than three-quarters of the 671 education nonprofits its size.

Operating margin17% · top quartile
Months of reserve1.5mo · below the median
Revenue growth (annualized)−4% · bottom quartile

this organization peer median middle 50% of peers· 671 education nonprofits over $100M, FY2025

Three funders worth looking at

Grantmakers with no record of funding this organization, ranked by how strongly the co-funder graph and the mission embeddings agree. The evidence is in section 03.

See all 12 prospects and why each one surfaced →
01The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($313M) Expenses 100 ($125M) Net assets 100 ($995M)2018 Revenue 62 ($195M) Expenses 107 ($133M) Net assets 103 ($1.0B)2019 Revenue 68 ($212M) Expenses 111 ($138M) Net assets 105 ($1.0B)2020 Revenue 58 ($183M) Expenses 124 ($154M) Net assets 103 ($1.0B)2021 Revenue 78 ($244M) Expenses 111 ($138M) Net assets 134 ($1.3B)2022 Revenue 82 ($256M) Expenses 127 ($158M) Net assets 132 ($1.3B)2023 Revenue 54 ($169M) Expenses 160 ($199M) Net assets 131 ($1.3B)2024 Revenue 103 ($323M) Expenses 269 ($336M) Net assets 137 ($1.4B)2025 Revenue 75 ($235M) Expenses 158 ($196M) Net assets 147 ($1.5B)
'17'18'19'20'21'22'23'24'25
Revenue (75)Expenses (158)Net assets (147)Peer revenue range

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

29% of Purdue Research Foundation’s revenue is contributions — more donation-reliant than the typical peer (14% for the typical peer).

This organization
Typical peer · 729 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 9 reported years ran a deficit.

$189M
17
$62M
18
$74M
19
$29M
20
$105M
21
$98M
22
$30M
23
$13M
24
$39M
25
1.5
months of
reserve
02Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 55 funders to 113 funders, grant income rose $4.3M → $177M.

67 of 277 of your funders are donor-advised or pass-through sponsors (tagged DAF)33% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of Purdue Research Foundation’s funders (the co-funder graph). Top 30 of 277 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

Purdue Research Foundation leans on a few funders — its largest provides 47% of grant income and the top three 67%; half comes from just 2 funders.

the vertical line marks half of all grant income — 2 funders to its left

33% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund Purdue Research Foundation.

47%
largest funder
67%
top three
~4
effective funders

Largest funder’s share by year: 2017 19% · 2018 53% · 2019 76% · 2020 45% · 2021 30% · 2022 16% · 2023 74%growing more concentrated.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

43% of Purdue Research Foundation's funders are still giving 3 years after their first grant; 55% give in more than one year at all.

first grant+1y+2y+3y+4y+5y+6y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

87% of Purdue Research Foundation's grant income comes from Indiana funders.

WA
MN
IL
WI
MI
NY
MA
OR
SD
IN
OH
PA
NJ
CT
RI
CA
CO
MO
KY
VA
MD
DE
AZ
KS
TN
NC
DC
HI
OK
GA
TX
FL

In-state vs out-of-state, by year

17
18
19
20
21
22
23
Indiana out of state home

Funder states come from each funder’s own filing. $134M arriving through sponsors registered in 26 statesis excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

03Its place in the field

Funders to approach

Grantmakers that don’t fund you yet, surfaced two ways: they back organizations that share your funders, or their grantees resemble your mission. The ones both signals agree on come first. Your 277 funders put you under-funded among the 400 organizations that share them.

From the co-funder graph (funders backing at least two comparable organizations, shrunk for grantee count, donor-advised and mega-funds excluded) and the universe embeddings. A research starting point; overlap is association, not a guarantee of fit.

Government funding Purdue Research Foundation receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $1.5M on record — $1.5M federal, $750 state.

Federal$1.5M
grants $480kcontracts $1.0M
17
18
19
20
21
22
23
24
25
26
Top agencies
  • Department of Defense$1.5M
State$750
Top programs
  • REFUNDS - GENERAL $750

Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.

Organizations like Purdue Research Foundation

Nonprofits whose mission and program text most resemble this one, by semantic similarity over the universe of US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Indiana

Nationally

04Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

57% of spending goes to programs.

Program 57%Management 20%Fundraising 24%

Governance

16
board members
94%
independent
Conflict-of-interest policyWhistleblower policyDocument retentionBoard reviewed the 990Audited financials

Public support

45%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 24 states

AK
ME
NH
WA
MN
MI
NY
MA
OR
NV
IN
OH
NJ
CA
UT
CO
KY
WV
MD
AR
TN
SC
DC
OK

Part of a family of 17 related entities

  • Vaccine LLC · disregarded
  • Hubzero Foundation LLC · disregarded
  • The Foundry Investment Fund LLC · disregarded
  • BACK A BOILER - ISA Fund LLC · disregarded
  • Pave the Way ISA Fund · disregarded

Screen this organization

A dated, signed PDF of the compliance screen for Purdue Research Foundation: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds Purdue Research Foundation?
Purdue Research Foundation (Indiana) receives grants from 277 organizations whose IRS filings report $410,330,049 to it, the largest being LILLY ENDOWMENT INC ($194,018,515). 153 of them have funded it in more than one year.
How many funders does Purdue Research Foundation have?
IRS filings report 277 organizations giving $410,330,049 in grants to Purdue Research Foundation, 153 of which have funded it in more than one year.
Who is the largest funder of Purdue Research Foundation?
LILLY ENDOWMENT INC is the largest funder on record, with $194,018,515 in grants. The full list of funders is on this page.
How can an organization like Purdue Research Foundation find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Indiana. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 277funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported August 27, 2026. What this page cannot tell you · view filing