UNIVERSITY OF VIRGINIA PATENT FOUNDATION
AI Summary
The UNIVERSITY OF VIRGINIA PATENT FOUNDATION is dedicated to supporting the University of Virginia's 2030 Plan by facilitating the commercialization of research and intellectual property, focusing on education, trade, and intellectual property initiatives. With an operating budget of $8.9 million and total revenue of $11.4 million, the foundation relies significantly on funding from VIRGINIA INNOVATION PARTNERSHIP CORPORATION, which accounts for $8 million of its revenue.
Mission Statement
THE PRINCIPAL ACTIVITY OF THE FOUNDATION IS TO SUPPORT THE UNIVERSITY'S 2030 PLAN TO BECOME A "GREAT AND GOOD UNIVERSITY AND TO "ENABLE DISCOVERIES THAT ENRICH AND IMPROVE LIVES" VIA COMMERCIALIZATION OF UNIVERSITY RESEARCH AND INTELLECTUAL PROPERTY. THIS ACTIVITY INCLUDES SUPPORTING THE UNIVERSITY'S INDUSTRY AND TRANSLATIONAL RESEARCH INITIATIVES; PERFORMING DUE-DILIGENCE ON SOLICITED AND DISCLOSED INTELLECTUAL PROPERTY; PREPARING AND FILING PATENT APPLICATIONS, COPYRIGHTS, AND TRADEMARKS; ENGAGING IN BUSINESS DEVELOPMENT; NEGOTIATING AND EXECUTING LICENSE AGREEMENTS; SUPPORTING NEW VENTURE CREATION; INVESTING IN UVA PORTFOLIO COMPANIES; MONITORING COMPLIANCE; AND DISTRIBUTING INCOME.
Cause Areas
3
Intellectual property
Trade
Education
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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Funder
Total Funding
Funding Share
VIRGINIA INNOVATION PARTNERSHIP CORPORATION
Herndon, VA, US
$250K
3%
Frequently Asked Questions
What is UNIVERSITY OF VIRGINIA PATENT FOUNDATION’s budget?
In 2025, UNIVERSITY OF VIRGINIA PATENT FOUNDATION reported an annual operating budget of around $8.9 million. More detailed financial information is available to registered users.
What causes does UNIVERSITY OF VIRGINIA PATENT FOUNDATION support?
UNIVERSITY OF VIRGINIA PATENT FOUNDATION supports work in Intellectual property, Trade, and Education.
Where does UNIVERSITY OF VIRGINIA PATENT FOUNDATION operate?
UNIVERSITY OF VIRGINIA PATENT FOUNDATION is headquartered in Charlottesville, VA.
Who funded UNIVERSITY OF VIRGINIA PATENT FOUNDATION recently?
In 2024, UNIVERSITY OF VIRGINIA PATENT FOUNDATION received grants from VIRGINIA INNOVATION PARTNERSHIP CORPORATION. More information on this organization’s funders is available to registered users.
What is the largest grant UNIVERSITY OF VIRGINIA PATENT FOUNDATION received in 2024?
The largest grant to UNIVERSITY OF VIRGINIA PATENT FOUNDATION in 2024 exceeds $250 thousand.