Public Charity

FOUNDATION FOR INNOVATION AND LIFE INC

FOUNDATION FOR INNOVATION AND LIFE INC is a private foundation categorized as Public Charity based in BROOKLINE, MA. Its most recent IRS filing (2024) reports revenue of $524K, expenses of $636K, total assets of $11.1M. Imperigo tracks 5 reported grants from this foundation totaling approximately $240K.

EIN: 204325286 BROOKLINE, MA Latest filing: 2024
Total Revenue$524K
Total Expenses$636K
Total Assets$11.1M
Grants Given5
Grant Total$240K
Filing Years2019–2024

Mission

THE FOUNDATION'S MISSION IS TO HELP OUR SPONSORS DEVELOP UNIQUE TOOLS AND NOVEL METHODS TO PROMOTE EARLY DIAGNOSIS AND DEVELOP INNOVATIVE TREATMENTS FOR COMPLEX DISEASES. THE FOUNDATION SPECIALIZES IN THE DEVELOPMENT AND APPLICATION OF NOVEL MINIMALLY INVASIVE TECHNIQUES IN THE FIELDS OF CARDIOLOGY, ENDOSCOPY, SURGERY, DRUG, AND DEVICE DELIVERY, DRUG AND DEVICE SAFETY, AND DIAGNOSTIC IMAGING.

Sample Grants Given

BALTIMORE, MD · 2023
TO ASSIST WITH THE FOUNDATION'S EXEMPT PURPOSE
$70,200
CAMBRIDGE, MA · 2019
DISCRETIONARY RESEARCH FUND
$25,000
BROOKLINE, MA · 2019
DISCRETIONARY RESEARCH FUND
$12,000
BROOKLINE, MA · 2017
DISCRETIONARY RESEARCH FUND
$101,662
BRIGHAM AND WOMANS HOSPITAL
BOSTON, MA · 2017
DISCRETIONARY RESEARCH FUND
$31,200

Showing up to 5 of 5 total records — full history available with membership.

Officers & Directors

TREASURER/CLERK/CONSULTANT Adam Groothuis
BOARD DIRECTOR Campbell Rogers
BOARD DIRECTOR Elazer Edelman
PRESIDENT & CEO Peter Markham

Officer compensation and complete director data available with membership.

Top Grant Purposes

DISCRETIONARY RESEARCH FUND
$169,862 4 grants
TO ASSIST WITH THE FOUNDATION'S EXEMPT PURPOSE
$70,200 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $524K $636K $11.1M
2023 $12.1M $16.0M $16.7M
2022 $25.2M $22.6M $23.8M
2020 $13.5M $13.5M $8.0M
2019 $15.4M $15.1M $4.9M

Between 2019 and 2024, reported annual revenue declined from $15.4M to $524K (-97%), with total assets most recently reported at $11.1M.

Interactive year-over-year charts and full filing details available with membership.

Grant Geography

Grants from this foundation were reported to recipients in MA, MD.

MAMD

Full geographic grant map with state-by-state breakdown available with membership.

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