This organization files Form 990, which has no section for application policy. Its filings cannot say either way.
The latest filing we hold carries no statement about applications. That is not the same as closed: public-charity Form 990s have no field for it, and many foundations leave the section blank.
Grants paid by year
Total assets by year
Where the money went · FY2025
Form 990 splits expenses into program services, management and fundraising. The split is self-reported, and a grantmaker, a research institute and a direct-service nonprofit book the same work differently. A line the return does not carry reads "not available"; it is never counted as zero.
| Year | Form | Revenue | Expenses | Grants paid | Assets | Net assets |
|---|---|---|---|---|---|---|
| FY2025 | 990 | $10,079,332 | $10,810,551 | $68,102 | $16,415,402 | $16,260,025 |
| FY2024 | 990 | $12,036,040 | $9,953,839 | $84,274 | $19,092,832 | $16,844,190 |
| FY2023 | 990 | $10,921,839 | $8,715,549 | $68,870 | $16,651,952 | $14,608,760 |
| FY2022 | 990 | $9,082,808 | $7,295,157 | $35,042 | $14,210,154 | $12,133,774 |
| FY2021 | 990 | $6,295,119 | $5,700,400 | $112,878 | $12,819,772 | $10,932,652 |
| FY2020 | 990 | $7,077,800 | $8,552,127 | $70,210 | $10,840,840 | $10,440,151 |
Figures are as reported on the e-filed return, with no restatement. Fiscal years are the funder's own tax year, labelled by the calendar year the period ends in. A blank line means the return does not carry that figure; a real zero shows as $0. When an amended return replaces an original, every figure here uses the amended return. The original is not shown. Giving is what the funder actually paid out toward its charitable purpose in the year (qualifying distributions on Form 990-PF, charitable disbursements otherwise). Assets are what it holds; giving is what moves.
Recipient focus areas
Where recipients are
Based on the 68% of grant rows we could match to an organization record. The rest stay as reported. The IRS assigns the NTEE category when it grants exemption. It often reflects the original filing, not today's giving.
| Recipient | Purpose | Amount | Year | Source |
|---|---|---|---|---|
| JAMES MADISON UNIVERSITYHARRISONBURG, VA | INNOVATION | $36,090 | 2021 | |
Recipients are shown as the funder wrote them on the return. A recipient with a link was matched to an organization record; the rest stay as reported and are never guessed.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Andrew Hsu | MEMBER | 1.00 | $0 |
| Katherine Rowe | MEMBER | 1.00 | $0 |
| Connie Ledoux Book | MEMBER | 1.00 | $0 |
| Susan Poser | PRESIDENT |
From the officer list on the latest e-filed return. Compensation is as reported there; a blank means the return carries no figure.
| INNOVATION |
| $23,244 |
| 2024 |
| DREXEL UNIVERSITYPHILADELPHIA, PA | INNOVATION | $23,244 | 2025 |
| DREXEL UNIVERSITYPHILADELPHIA, PA | INNOVATION | $22,500 | 2023 |
| ELON UNIVERSITYELON, NC | INNOVATION | $21,800 | 2020 |
| UNIVERSITY OF NORTH CAROLINAWILMINGTON, NC | INNOVATION | $18,841 | 2023 |
| NORTHEASTERN UNIVERSITYEVANSTON, IL | INNOVATION | $18,796 | 2024 |
| NORTHEASTERN UNIVERSITYEVANSTON, IL | INNOVATION | $18,796 | 2025 |
| ELON UNIVERSITYELON, NC | INNOVATION | $18,559 | 2023 |
| JAMES MADISON UNIVERSITYHARRISONBURG, VA | INNOVATION | $17,800 | 2022 |
| DREXEL UNIVERSITYPHILADELPHIA, PA | INNOVATION | $15,666 | 2021 |
| ELON UNIVERSITYELON, NC | INNOVATION | $15,200 | 2021 |
| UNIVERSITY OF NORTH CAROLINAWILMINGTON, NC | INNOVATION | $13,492 | 2022 |
| HOFSTRA UNIVERSITYHEMPSTEAD, NY | INNOVATION | $13,062 | 2024 |
| HOFSTRA UNIVERSITYHEMPSTEAD, NY | INNOVATION | $13,062 | 2025 |
| THE RESEARCH FNDT FOR STATE UNI NYALBANY, NY | INNOVATION | $13,000 | 2025 |
| THE RESEARCH FNDT FOR STATE UNI NYALBANY, NY | INNOVATION | $13,000 | 2024 |
| COLLEGE OF WILLIAM AND MARYWILLIAMSBURG, VA | INNOVATION | $12,667 | 2024 |
| COLLEGE OF WILLIAM AND MARYWILLIAMSBURG, VA | INNOVATION | $12,667 | 2021 |
| JAMES MADISON UNIVERSITYHARRISONBURG, VA | INNOVATION | $12,410 | 2020 |
| COLLEGE OF WILLIAM AND MARYWILLIAMSBURG, VA | INNOVATION | $11,500 | 2020 |
| DREXEL UNIVERSITYPHILADELPHIA, PA | INNOVATION | $8,000 | 2020 |
| TOWSON UNIVERSITYTOWSON, MD | INNOVATION | $8,000 | 2021 |
| TOWSON UNIVERSITYTOWSON, MD | INNOVATION | $7,500 | 2020 |
| UNIVERSITY OF NORTH CAROLINAWILMINGTON, NC | INNOVATION | $7,000 | 2021 |
| 1.00 |
| $0 |
| Joseph Aoun | MEMBER | 1.00 | $0 |
| Mark Ginsberg | MEMBER | 1.00 | $0 |
| Aswani Volety | MEMBER | 1.00 | $0 |
| Patrick Leahy | MEMBER | 1.00 | $0 |
| Darrell Williams | MEMBER | 1.00 | $0 |
| J Bradley Creed | MEMBER | 1.00 | $0 |
| Joseph D'Antonio | COMMISSIONER | 40.00 | $337,255 |
| Lynn Newton | CFO | 40.00 | $85,147 |
| Jennifer Condaras | DEPUTY COMMI | 40.00 | $137,839 |
| Denis O'Brien | MEMBER | 1.00 | $0 |
| James R Martin Ii | MEMBER | 1.00 | $0 |
| Richard Mccormick | MEMBER | 1.00 | $0 |
Nearest by size, location and giving pattern in the database. Geography weighs heavily. Treat it as a starting list, not a ranking of fit.
Form 990 · FY2024 · period ending Jun 30, 2024IRS bulk XML
Filing id 202443169349302904
Form 990 · FY2023 · period ending Jun 30, 2023IRS bulk XML
Filing id 202410169349303376
Form 990 · FY2022 · period ending Jun 30, 2022
Filing id 202331359349303173
Form 990 · FY2021 · period ending Jun 30, 2021
Filing id 202230179349300713
Form 990 · FY2020 · period ending Jun 30, 2020
Filing id 202140369349300319
Form 990 · FY2019 · period ending Jun 30, 2019
Filing id 201943129349302984
Form 990 · FY2018 · period ending Jun 30, 2018
Filing id 201920669349300932
Form 990 · FY2017 · period ending Jun 30, 2017
Filing id 201820449349301412
IRS filings are the source for every fact on this page. Nothing a model writes is ever a source; it can only point at a row here.