Virginia · Nonprofit
UNIVERSITY OF VIRGINIA PATENT FOUNDATION
UNIVERSITY OF VIRGINIA PATENT FOUNDATION (Virginia) receives grants from 1 organization whose IRS filings report $250,000 to it, the largest being VIRGINIA INNOVATION PARTNERSHIP CORPORATION ($250,000). 0 of them have funded it in more than one year.
- Revenue FY2025
- $11M
- Funders on record
- 1
- Grants received
- $250k
- Net assets
- $1.6M
What University of Virginia Patent Foundation does
Mission
The uva licensing and ventures group is dedicated to growing and guiding university innovations while improving lives on grounds and around the world.
As stated on its FY2025 Form 990.
Programs
Patenting: the patenting department prepares and files patent applications. During the fiscal year ended 2025, the University of Virginia Patent Foundation d/b/a university of virginia licensing and ventures group (lvg or the foundation) was awarded 47 u.s. Patents.
$3,667,333 spent$4,617,297 earned by the program36% of program spendingLicensing: the licensing department evaluates, markets, and licenses inventions. During the fiscal year ended 2025, lvg solicited 168 invention disclosures from uva faculty, staff, and student inventors and executed 91 commercial transactions.
$5,251,801 spentof which $2,502,067 as grants$6,755,885 earned by the program52% of program spendingNew ventures: uva lvg provides resources and expertise to support the entrepreneurial and investment process. During the fiscal year ended 2025, lvg helped launch 8 new ventures. Additionally, lvg manages an innovation fund, which is comprised of seed funding and venture funding, in collaboration with the university of virginia and the university of virginia health system.
$1,136,898 spent11% of program spendingOther program services: lvg provides a variety of other programs, generally at the request of uva.
$17,456 spent0% of program spending
The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $10,073,488.
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.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2017 to 2018, from $3.3M to $10M (+211%).
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.
0% of UNIVERSITY OF VIRGINIA PATENT FOUNDATION’s revenue is contributions — more earned-revenue than three-quarters of its peers (23% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Richard Chylla
Executive director
Board chair
Peter Grant Ii
Chair
As listed on its FY2025 Form 990.
Who funds it, year by year
Grant support over time, funder by funder — shade shows the grant size each year.
From the IRS filings of UNIVERSITY OF VIRGINIA PATENT FOUNDATION’s funders (the co-funder graph). 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.
Where its funders are
100% of UNIVERSITY OF VIRGINIA PATENT FOUNDATION's grant income comes from Virginia funders.
Funder states come from each funder’s own filing. 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.
Against its field
UNIVERSITY OF VIRGINIA PATENT FOUNDATION's revenue grew 34% between 2017 and 2025.
this organization peer median middle 50% of peers· 3,758 education nonprofits $10M–$100M, FY2025
Organizations like UNIVERSITY OF VIRGINIA PATENT FOUNDATION
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Virginia
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
88% of spending goes to programs.
Governance
Footprint & structure
Part of a family of 2 related entities
- Uva Apps LLC · disregarded
- University of Virginia (Rector & Board) · exempt
Screen this organization
A dated, signed PDF of the compliance screen for UNIVERSITY OF VIRGINIA PATENT 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.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds UNIVERSITY OF VIRGINIA PATENT FOUNDATION?
- UNIVERSITY OF VIRGINIA PATENT FOUNDATION (Virginia) receives grants from 1 organization whose IRS filings report $250,000 to it, the largest being VIRGINIA INNOVATION PARTNERSHIP CORPORATION ($250,000). 0 of them have funded it in more than one year.
- How many funders does UNIVERSITY OF VIRGINIA PATENT FOUNDATION have?
- IRS filings report 1 organization giving $250,000 in grants to UNIVERSITY OF VIRGINIA PATENT FOUNDATION.
- Who is the largest funder of UNIVERSITY OF VIRGINIA PATENT FOUNDATION?
- VIRGINIA INNOVATION PARTNERSHIP CORPORATION is the largest funder on record, with $250,000 in grants. The full list of funders is on this page.
- How can an organization like UNIVERSITY OF VIRGINIA PATENT FOUNDATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Virginia. 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 1 funders 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 October 14, 2026. What this page cannot tell you · view filing