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EIN 98-1718091

Novo Nordisk Fonden

IRS 501(c) type
501(c)(4)
Num. employees
200
City
Denmark
State
Year formed
1989
Most recent tax filings
2023-12-01
NTEE code, primary
T12: Philanthropy, Voluntarism and Grantmaking Foundations Fund Raising and Fund Distribution
Description
Novo Nordisk Fonden drives research and development through grants, focusing on medical, diabetes-related, and various humanitarian and scientific efforts in Denmark.
Total revenues
$225,759,846
2023
Total expenses
$1,186,935,341
2023
Total assets
$8,537,586,696
2023
Num. employees
200
2023

Program areas at Novo Nordisk Fonden

Nnf focuses its grantmaking program toward 3 main objectives:1. To support physiological, endocrinological, metabolic, and other medical research. For 2023, 43% of grants were awarded for medical research.2. To support research hospital activities related to diabetes in denmark. For 2023, 0% of grants were awarded for research hospital activities.3. To support other scientific, humanitarian, and social purposes. For 2023, 57% of grants were awarded for such other purposes.

Grants made by Novo Nordisk Fonden

GranteeGrant descriptionAmount
Trustees of Boston UniversityInfdis$25,205,437
Foundation for Food and Agriculture Research (FFAR)Biotech$1,006,737
National Academy of SciencesNat-Tech$740,313
...and 4 more grants made

Personnel at Novo Nordisk Fonden

NameTitleCompensation
Mads Krogsgaard ThomsenChief Executive Officer$1,163,061

Financials for Novo Nordisk Fonden

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$0
Investment income and dividends$25,263,535
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$57,033,861
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$143,462,450
Total revenues$225,759,846

Form 990s for Novo Nordisk Fonden

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-15990View PDF

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Data update history
February 9, 2025
Posted financials
Added Form 990 for fiscal year 2023
January 25, 2025
Updated personnel
Identified 5 new personnel
Nonprofit Types
Grantmaking organizationsHeadquarter / parent organizations
Issues
HealthDiseases and disorders
Characteristics
Operates internationallyEndowed support
General information
Address
Tuborg Havnevej 19
Denmark, 00000
IRS details
EIN
98-1718091
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1989
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
T12: Philanthropy, Voluntarism and Grantmaking Foundations Fund Raising and Fund Distribution
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Central organization
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