Eligible Institutions

Research universities, medical colleges and major private independent scientific and medical research institutes are eligible. Organizations must be exempt from federal taxation as defined by Section 501(c)(3) of the Internal Revenue Code and be designated as a public charity (and not a private foundation) as defined by Section 509(a)(1) or 509(a)(2) or 170(b) of the Internal Revenue Code. If the institution is located in the State of California, the organization must also be exempt from California State Franchise or Income Tax under Section 23701(d) of the Revenue and Taxation Code.

Organizations must be able to provide current full, certified, audited financial statements prepared on an annual basis in conformity with generally accepted accounting principles. If in existence less than five years, the organization must be able to provide at least three consecutive full, certified, audited financial statements prepared on an annual basis.

All tax-exempt documentation and audited financial statements must be in the same, current and full name of the qualifying organization.

The management and fiscal condition of an institution is taken into account when reviewing an institution for eligibility.

If a collaborative project is being considered, the lead institution must be identified and all members must meet the Foundation’s eligibility requirements.

Not Eligible for Funding