The Penn State Research Foundation

Fiscal year ending 2024. Filed on October 16, 2025.

180 Pollock Road 308 Old Main
University Park, Pennsylvania 16802

The Penn State Research Foundation (EIN: 25-1359185) has filed an IRS Form 990 since fiscal year 2020. In its fiscal year 2024 IRS Form 990 filing, The Penn State Research Foundation, a 501(c)(3) charitable organization, reported compensation for 12 employees. Among the employees shown here, the average compensation is $401,405. The highest compensated employee at The Penn State Research Foundation is Neelima Bendapudi with fiscal year 2024 compensation of $1,629,218.

Revenue, expenses, and employee compensation

Revenue

$7,203,435

Expenses

$5,759,620

Employee compensation

$0
Revenue, expenses, and employee compensation over time

Mission Statement

The Penn State Research Foundations mission is to foster and advance scientific research which includes creating, purchasing, holding and licensing of rights for inventions, designs and intellectual property of The Pennsylvania State University.

Revisions to this organization profile

October 16, 2025:
2024 The Penn State Research Foundation 990 filed
November 7, 2024:
2023 The Penn State Research Foundation 990 filed
October 17, 2023:
2022 The Penn State Research Foundation 990 filed

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