Supports Purdue University by managing its intellectual property, funding research, acquiring endowments, and developing land to foster scientific and educational innovation.
Supports Purdue University by managing its intellectual property, funding research, acquiring endowments, and developing land to foster scientific and educational innovation.
For fiscal year 2024 it reported $235.3M in revenue, $196.2M in expenses, and $1.5B in net assets.Pt I
Where the money goes · FY2024
Total revenue
$235.3M
Pt VIII · Ln 12
Total expenses
$196.2M
Pt IX · Ln 25
Net assets
$1.5B
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $39.1M
Where spending went · Part IX cols B–D
57%
20%
24%
Program services $0.57 Management & general $0.20 Fundraising $0.24
Program efficiency
57%
of spending reaches programs▼ -20% vs prior filing year
Operating runway
348.6mo
months of highly liquid reserves at operating expense rate▲ +105% vs prior filing year
Surplus margin
+17%
revenue over expenses, this year▲ +517% vs prior filing year
Summary of the Filing
Part I · fiscal year 2024 · Form 990
Revenue
$235.3M
FY2024▼ -27%
$322.8M$161.4M$0
FY2020FY2024
Expenses
$196.2M
FY2024▼ -42%
$335.6M$167.8M$0
FY2020FY2024
Total assets
$5.1B
FY2024▲ +8%
$5.1B$2.6B$0
FY2020FY2024
Total liabilities
$3.6B
FY2024▲ +9%
$3.6B$1.8B$0
FY2020FY2024
Total revenue
$235.3M
Pt VIII · Ln 12
Total expenses
$196.2M
Pt IX · Ln 25
Net assets
$1.5B
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$39.1M
Total assetsPt X · Ln 16$5.1B
Program-expense ratioPt IX · col B57%
Voting members of governing bodyPt I · Ln 316
Independent voting membersPt I · Ln 415
Mission & Programs · Part III
Where the work happens
1 program service account for $111.1M of program spending, described in the organization's own filed words · FY2024.
01
Purdue Research Foundation (the Foundation) was created in 1930. The primary purpose of the Foundation is to promote the educational purpose of Purdue University (the University); seek, acquire, manage gifts, bequests and endowments; make funding available to faculty, staff, and students to aid in scientific investigation, research or…
David Cooper’s $560K as Chief Investment Officer
is at the 47th percentile of top reported officer pay among 674 $100M+ education nonprofits.
Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
Individual David Cooper · Reported title Chief Investment Officer · Highest reported compensation $560K · Total expenses $196.2M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $59.8M · Total expenses $196.2M
30%
Peer comparison
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
Metric
This org
Peer median
Percentile
Program ratio
57%
—
—
Overhead ratio
20%
—
—
Fundraising cost ratio
68%
—
—
Revenue growth
-27%
—
—
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
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Sources
Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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