Program areas at University of Virginia Licensing and Ventures Group
Patenting: the patenting department prepares and files Patent applications. During the fiscal year ended 2024, the University of Virginia Patent Foundation d/b/a University of Virginia Licensing and Ventures Group (lvg or the Foundation) was awarded 56 u.s. Patents.
New Ventures: lvg provides resources and expertise to support the entrepreneurial and investment process. During the fiscal year ended 2024, lvg helped launch 6 new Ventures. Additionally, lvg manages an innovation fund, which is comprised of seed funding and venture funding, in collaboration with the University of Virginia and the University of Virginia health system.
Licensing: the Licensing department evaluates, markets, and licenses inventions. During the fiscal year ended 2024, lvg solicited 146 invention disclosures from uva faculty, staff, and student inventors and executed 80 commercial transactions.
Other program services: lvg provides a variety of other programs, generally at the request of uva.
Grants made by University of Virginia Licensing and Ventures Group
| Grantee | Grant description | Grant year | Amount |
|---|
| Rector and Visitors of the University of Virginia | The Foundation Is A Supporting Organization for the University of Virginia. the Amount of Cash Paid To the University for Distributions of Royalities To the Innovation & Scholarly Activities Fund and To the University Is Based on the Agreement Between the Foundation and the University of Virginia. the Payment Does Not Include Any Refund for Overpayment of Fees for Services Rendered. | 2024-06 | $1,346,085 |
Personnel at University of Virginia Licensing and Ventures Group
| Name | Title | Compensation | Date of data |
|---|
| Robert R. Merhige | Office of the Vice President for Research | | 2024-10-05 |
| Richard Chylla | Executive Director | $398,602 | 2024-11-11 |
| Jill Simandl | Director of Finance and Operations | $170,018 | 2024-10-05 |
| Robert J. Decker | Senior Patent and General Counsel | $238,261 | 2024-10-05 |
| Joshua P. Mauldin | Director , Licensing | $163,282 | 2024-10-05 |
| ...and 7 more key personnel |
Financials for University of Virginia Licensing and Ventures Group
| Revenues | FYE 06/2024 | FYE 06/2023 | % Change |
|---|
| Total grants, contributions, etc. | $250,000 | $0 | 999% |
| Program services | $9,682,862 | $9,549,452 | 1.4% |
| Investment income and dividends | $28,586 | $19,471 | 46.8% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $0 | $0 | - |
| Total revenues | $9,961,448 | $9,568,923 | 4.1% |
Organizations like University of Virginia Licensing and Ventures Group
| Organization | Type | Location | Revenue |
|---|
| Great Falls Public Schools Foundation | 501(c)(3) | Great Falls, MT | $2,848,346 |
| KnowledgeWorks Foundation | 501(c)(3) | Cincinnati, OH | $7,495,465 |
| Stand Together Foundation | 501(c)(3) | Arlington, VA | $12,881,613 |
| Gretna Public Schools Foundation | 501(c)(3) | Gretna, NE | $2,779,384 |
| Illinois Elementary School Association | 501(c)(3) | Bloomington, IL | $2,787,855 |
| Chicago Public Education Fund | 501(c)(3) | Chicago, IL | $6,923,244 |
| The Foundation of Palm Springs Unif | 501(c)(3) | Palm Springs, CA | $3,800,107 |
| Grantmakers for Education | 501(c)(3) | Portland, OR | $2,824,140 |
| Davis Educational Foundation | 501(c)(3) | Yarmouth, ME | $3,596,754 |
| The Drexel Fund | 501(c)(3) | Seattle, WA | $5,246,410 |
Data update history
October 5, 2024
Updated personnel
Identified 11 new personnel
June 5, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 20, 2024
Used new vendors
Identified 1 new vendor, including
June 19, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 16, 2023
Updated personnel
Identified 3 new personnel
Nonprofit Types
Grantmaking organizationsSchoolsHeadquarter / parent organizationsCharities
Issues
Education
Characteristics
State / local levelTax deductible donationsAccepts online donations
General information
- Address
- 722 Preston Ave 107
- Charlottesville, VA 22903
- Metro area
- Charlottesville, VA
- County
- Charlottesville city, VA
- Website URL
- lvg.virginia.edu/
- Phone
- (434) 924-2175
- Facebook page
- uvainnovation
- Twitter profile
- @uvainnovation
IRS details
- EIN
- 54-1045487
- Fiscal year end
- June
- Taxreturn type
- Form 990
- Year formed
- 1978
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- B12: Education Fund Raising and Fund Distribution
- NAICS code, primary
- 813211: Grantmaking Foundations
- Parent/child status
- Central organization
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