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Biogen Foundation Inc. is a private corporation based in DALLAS, TX. The foundation received its IRS ruling in 2003. The principal officer is Biogen Inc.. It holds total assets of $36.1M. Annual income is reported at $22.8M. The foundation is governed by 10 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. Tax records are available from 2020 to 2023. Grantmaking is concentrated in Massachusetts. According to available records, Biogen Foundation Inc. has made 15 grants totaling $50.5M, with a median grant of $2.3M. Annual giving has decreased from $18.4M in 2020 to $6.6M in 2023. Individual grants have ranged from $52K to $16.1M, with an average award of $3.4M. The foundation has supported 3 unique organizations. Grant recipients are concentrated in Massachusetts. Contributions to this foundation are tax-deductible.
Smallest Grant
$107K
Median Grant
$2.3M
Average Grant
$2.6M
Largest Grant
$5.3M
Based on 3 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Biogen Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 15 grants. Its grantmaking reaches organizations primarily in MA.
Biogen Foundation Inc. has distributed a total of $50.5M across 15 grants. The median grant size is $2.3M, with an average of $3.4M. Individual grants have ranged from $52K to $16.1M.
Charitable organizations described in section 501(c)(3) of the internal revenue code.
Biogen Foundation Inc. is headquartered in DALLAS, TX.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Biogen Foundation Inc | CORP DIRECTOR | $450K | $0 | $450K |
| Bank Of America N A | AGENT FOR FIDUCIARY | $52K | $0 | $52K |
| Alisha Alaimo | DIRECTOR | $0 | $0 | N/A |
| Teresa Cachero | DIRECTOR | $0 | $0 | N/A |
| Wolfram Schmidt | DIRECTOR | $0 | $0 | N/A |
| Minita Shah-Mara | DIRECTOR | $0 | $0 | N/A |
| Wendell Taylor | SECRETARY | $0 | $0 | N/A |
| Kate Dawson | DIRECTOR | $0 | $0 | N/A |
| Renae Dill | DIRECTOR | $0 | $0 | N/A |
| Michael Dambach | TREASURER | $0 | $0 | N/A |
Total Giving
$7.2M
Total Assets
$23.3M
Fair Market Value
$23.3M
Net Worth
$23.3M
Grants Paid
$6.6M
Contributions
$15M
Net Investment Income
$92K
Distribution Amount
$580K
Total Grants
15
Total Giving
$50.5M
Average Grant
$3.4M
Median Grant
$2.3M
Unique Recipients
3
Most Common Grant
$6.4M
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Biogen Foundation IncCORPORATE FOUNDATION DIRECT | Cambridge, MA | $4.7M | 2023 |
| Matching Gift ProgramMATCHING GIFT DISBURSEMENTS | Cambridge, MA | $1.8M | 2023 |
| Volunteer RewardsDONATIONS FOR EMPLOYEE | Cambridge, MA | $103K | 2023 |