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New Hope Research Foundation Inc. is a private corporation based in NORTH OAKS, MN. The foundation received its IRS ruling in 2007. The principal officer is John Keimel. It holds total assets of $4.5M. Annual income is reported at $3.7M. Total assets have grown from $516K in 2011 to $4.5M in 2024. Directed Medical Research - Conducted medical and scientific research and development on gene vectors and methods of gene delivery for GM2 gangliosidosis. The focus in the past year has been in preparing conducting and analyzing IND-enabling studies and vector manufacturing process development. Tax records are available from 2021 to 2024. According to available records, New Hope Research Foundation Inc. has made 8 grants totaling $454K, with a median grant of $75K. Annual giving has grown from $65K in 2021 to $165K in 2023. Grantmaking activity was highest in 2022 with $224K distributed across 3 grants. Individual grants have ranged from $24K to $83K, with an average award of $65K. The foundation has supported 2 unique organizations. Grant recipients are concentrated in North Carolina. Contributions to this foundation are tax-deductible.
Directed Medical Research - Conducted medical and scientific research and development on gene vectors and methods of gene delivery for GM2 gangliosidosis. The focus in the past year has been in preparing conducting and analyzing IND-enabling studies and vector manufacturing process development.
Expenses: $532K
Vector Creation and New Technology Development - The Foundation is developing novel technologies related to delivery of genes to the central nervous system for the treatment of lysosomal storage diseases. The Foundation has worldwide rights to key intellectual property and has submitted additional patent applications.
Expenses: $31K
Education and Communication for Patients and Families - The Foundation has maintained a website on lysosomal storage diseases and underlying mechanisms. The site explains the research being conducted by the Foundation. The Foundation also supports the presentation of research at medical conferences.
Expenses: $158
Medical Research and Development Project Management - The Foundation has developed a master plan for medical research on gene therapies for lysosomal storage diseases conducted reviews of proposed research coordinated research being conducted at research institutes and participated in result reviews.
Directed Medical Research - Conducted medical and scientific research and development on gene vectors and methods of gene delivery for GM2 gangliosidosis. The focus in the past year has been in preparing conducting and analyzing IND-enabling studies and vector manufacturing process development. Based on available records, the foundation has funded 8 grants. Its grantmaking reaches organizations primarily in NC.
New Hope Research Foundation Inc. has distributed a total of $454K across 8 grants. The median grant size is $75K, with an average of $65K. Individual grants have ranged from $24K to $83K.
Reference the "New Hope Research Foundation - Grant Proposal Process" at www.NewHopeResearch.org grants. An application form is available on the foundation's website.
New Hope Research Foundation Inc. is headquartered in NORTH OAKS, MN.
Officer and trustee information is not yet available for this foundation. This data is typically reported in Part VIII of the 990-PF filing.
Total Giving
N/A
Total Assets
$4.5M
Fair Market Value
N/A
Net Worth
$4.5M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
8
Total Giving
$454K
Average Grant
$65K
Median Grant
$75K
Unique Recipients
2
Most Common Grant
$75K
of 2024 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Queen'S University At KingstonGene Therapy Research | Kingston | — | 2024 |
| Univ Of North Carolina Chapel HillGene Therapy Medical Research | Chapel Hill, NC | $24K | 2021 |