MCKNIGHT BRAIN RESEARCH FOUNDATION: Form 990PF, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- MCKNIGHT BRAIN RESEARCH FOUNDATION (EIN 65-6301255)
- Tax period
- 2024-07-01 to 2025-06-30
- Filed
- 2026-05-14
- IRS object ID
- 202611349349105001
- Schema version
- 2024v5.5
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Accounting Fees Schedule
- General Explanation Attachment
- Investments Other Schedule2
- Legal Fees Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2026-05-14T16:22:09-05:00 | ReturnTs |
| Tax Period End | 2025-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 204193611 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Batts Morrison Wales & Lee PA | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 801 North Orange Avenue Suite 800 | AddressLine1Txt |
| City | Orlando | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 32801 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2024-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 656301255 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | McKnight Brain Research Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MCKN | BusinessNameControlTxt |
| Phone | 4072374485 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 333 S Garland Avenue 17th Floor | AddressLine1Txt |
| City | Orlando | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 32801 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Melanie Cianciotto | PersonNm |
| Person Title | Trustee | PersonTitleTxt |
| Phone | 4072374485 | PhoneNum |
| Signature | 2026-04-30 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Michele M Wales CPA | PreparerPersonNm |
| PTIN | P00428093 | PTIN |
| Phone | 4077706000 | PhoneNum |
| Preparation | 2026-04-30 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $63,168,510 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $0 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Dividends Rev And Expnss | $730,232 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $762,814 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $2,333,658 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $18,545,790 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $2,108,466 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $75,004 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $1,753,480 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $3,138,894 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $4,624,760 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $967,942 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $483,971 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $483,971 | CompOfcrDirTrstDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $22,809 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $4,562 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $13,685 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $27,051 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $9,468 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $9,468 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $273,499 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $23,987 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $71,961 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $41,807 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $2,707 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $214,777 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $0 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $214,777 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $517,080 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $6,888 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $507,043 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $2,064,965 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $531,583 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $1,300,905 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $3,115,156 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $3,115,156 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $5,180,121 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $531,583 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $4,416,061 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$2,041,227 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $4,093,177 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $140,426 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $363,164 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $363,164 | SavAndTempCashInvstEOYFMVAmt |
| Other Investments BOY | $39,252,368 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $36,988,403 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $62,805,346 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $39,392,794 | TotalAssetsBOYAmt |
| Total Assets EOY | $37,351,567 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $63,168,510 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $39,392,794 | CapitalStockBOYAmt |
| Capital Stock EOY | $37,351,567 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $0 | RetainedEarningBOYAmt |
| Retained Earning EOY | $0 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $39,392,794 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $37,351,567 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $39,392,794 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $37,351,567 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $39,392,794 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$2,041,227 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $37,351,567 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $37,351,567 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|
| Publicly traded securities | P | $18,393,130 | $16,437,324 | $1,955,806 | $1,955,806 |
| Partnership investments | P | $152,660 | $152,660 | $152,660 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $2,108,466 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $56,895 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $56,895 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $56,895 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $58,336 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $5,000 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $63,336 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $6,441 | OverpaymentAmt |
| Applied To ES Tax | $6,441 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | FL | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | www.tmbrf.org | WebsiteAddressTxt |
| Individual With Books | Truist Bank | IndividualWithBooksNm |
| Phone | 4072374485 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 333 S Garland Ave 17th Floor | AddressLine1Txt |
| City | Orlando | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 32801 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (1) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | 0 | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (13 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| Angelika Schlanger | ||||||||
| 333 S Garland Avenue 17th Floor | Orlando | FL | 32801 | Executive Director (end 7/24) | 40.00 | $36,333 | $0 | $0 |
| Amy Porter | ||||||||
| 333 S Garland Avenue 17th Floor | Orlando | FL | 32801 | Interim Executive Director (7/24-4/25) | 20.00 | $119,792 | $0 | $0 |
| Dr Alice Luo Clayton | ||||||||
| 333 S Garland Avenue 17th Floor | Orlando | FL | 32801 | CEO (began 4/25) | 40.00 | $54,167 | $0 | $0 |
| Dr Madhav Thambisetty | ||||||||
| 333 S Garland Avenue 17th Floor | Orlando | FL | 32801 | Trustee | 6.00 | $170,000 | $0 | $0 |
| Dr J Lee Dockery | ||||||||
| 333 S Garland Avenue 17th Floor | Orlando | FL | 32801 | Trustee Emeritus | 6.00 | $50,000 | $0 | $0 |
| Dr Michael Dockery | ||||||||
| 333 S Garland Avenue 17th Floor | Orlando | FL | 32801 | Trustee | 6.00 | $50,000 | $0 | $0 |
| Dr Susan Pekarkse | ||||||||
| 333 S Garland Avenue 17th Floor | Orlando | FL | 32801 | Trustee | 6.00 | $50,000 | $0 | $0 |
| Truist Bank | ||||||||
| 333 S Garland Avenue 17th Floor | Orlando | FL | 32801 | Trustee | 15.00 | $187,650 | $0 | $0 |
| Allison Brashear | ||||||||
| 333 S Garland Avenue 17th Floor | Orlando | FL | 32801 | Trustee | 6.00 | $50,000 | $0 | $0 |
| Patricia Boyle | ||||||||
| 333 S Garland Avenue 17th Floor | Orlando | FL | 32801 | Trustee | 6.00 | $50,000 | $0 | $0 |
| Dr John Brady | ||||||||
| 333 S Garland Avenue 17th Floor | Orlando | FL | 32801 | Trustee | 6.00 | $50,000 | $0 | $0 |
| Dr Roy Hamilton | ||||||||
| 333 S Garland Avenue 17th Floor | Orlando | FL | 32801 | Trustee | 6.00 | $50,000 | $0 | $0 |
| Dr Sharon Brangman | ||||||||
| 333 S Garland Avenue 17th Floor | Orlando | FL | 32801 | Trustee | 6.00 | $50,000 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | The Foundation hosts an annual conference and other events for the purpose of fostering the necessary collaboration between research scientists in each of the four McKnight Brain Institutes to achieve successful outcomes in the understanding of cognitive aging and the problems of learning and memory in the aging with the emphasis on cognitive health, prevention and treatment of cognitive decline and loss. This year's conference was designed to foster and emphasize the collaboration between the research scientists in the area of Brain Health: From Discoveries to Community.See Statement 14 for additional information regarding the Foundation's activities. | Description1Txt |
| Expenses1 | $214,777 | Expenses1Amt |
| Description2 | The Foundation strategically develops and shares information with doctors and the public across multiple channels with an overarching goal of increasing awareness and improving engagement. The information is shared via the Foundation's website, as well as social media, blog posts, newsletters, and other outlets. See Statement 14 for additional information regarding the Foundation's activities. | Description2Txt |
| Expenses2 | $506,222 | Expenses2Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $62,176,777 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $324,962 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $62,501,739 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $62,501,739 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $937,526 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $61,564,213 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $3,078,211 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $3,078,211 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $56,895 | TaxBasedOnInvestmentIncomeAmt |
| Income Tax | $32,423 | IncomeTaxAmt |
| Total Tax | $89,318 | TotalTaxAmt |
| Distributable Before Adj | $2,988,893 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $2,988,893 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $2,988,893 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $4,416,061 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $4,416,061 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $2,988,893 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $128,186 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr1 | $2,695,009 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $2,823,195 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $4,416,061 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $2,988,893 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $1,427,168 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $4,250,363 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $128,186 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $4,122,177 | ExcessDistriCyovToNextYrAmt |
| Excess From Year1 | $2,695,009 | ExcessFromYear1Amt |
| Excess From Current Year | $1,427,168 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | Foundations and Endowments Specialt | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | c/o Truist Bank 333 S Garland | AddressLine1Txt |
| Address Line2 | Avenue 17th Floor | AddressLine2Txt |
| City | Orlando | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 32801 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 2028796319 | RecipientPhoneNum |
| Form And Info And Materials | No required format. | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | None. | SubmissionDeadlinesTxt |
| Restrictions On Awards | The following guidelines will be used in review of applications: - Innovative and efficient approaches to fundamental medical research of the brain on the mechanisms underlying the formation, storage and retrieval of memories, the impairment of these processes associated with aging, and the development of therapeutic strategies for the prevention and/or alleviation of these impairments in humans, intended principally for clinical application. - Seed grants to initiate promising new projects for medical research of the brain in age related memory loss. - Grants to charitable organizations or institutions involved in the medical research of the brain in age related memory loss. - Proposals for collaborative support between individual research scientists of different institutions and organizations in age related memory loss. | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (6 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| American Brain Foundation | ||||||
| 201 Chicago Ave | Minneapolis | MN | 554151126 | PC | Funding scholarship in cognitive aging and memory loss | $247,500 |
| American Federation for Aging Research | ||||||
| 55 West 39th Street 16th Floor | New York | NY | 10018 | PC | Funding of research | $1,543,700 |
| Foundation for the NIH | ||||||
| 11400 Rockville Pike Suite 600 | North Bethesda | MD | 20852 | PC | Funding of research | $1,000,000 |
| University of Alabama Birmingham | ||||||
| 1530 3rd Avenue South | Birmingham | AL | 35294 | PC | Funding of the Evelyn F. McKnight Brain Institute at UAB | $94,270 |
| University of Arizona | ||||||
| PO Box 245115 | Tucson | AZ | 85724 | PC | Funding of the Evelyn F. McKnight Brain Institute at the University of Arizona | $57,098 |
| University of Miami | ||||||
| PO Box 248106 | Coral Gables | FL | 33124 | PC | Funding of research | $172,588 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $3,115,156 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $730,232 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $2,333,658 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp (4 entries)
| DescDesc | BusinessBusinessCd | Unrelated Business Taxbl IncmUnrelatedBusinessTaxblIncmAmt | ExclusionExclusionCd | ExclusionExclusionAmt |
|---|---|---|---|---|
| Partnership investment ordinary income | 901101 | $303,853 | 14 | -$303,853 |
| Partnership investment capital gain/loss | 901101 | $14,894 | 18 | -$14,894 |
| Tax Refunds | 01 | $50,000 | ||
| Event Expense Refunds | 01 | $25,004 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $318,747 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $2,820,147 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $3,138,894 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Accounting fees | CategoryTxt |
| Amt | $27,051 | Amt |
| Net Investment Income | $9,468 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $9,468 | DisbursementsCharitablePrpsAmt |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | Medium ExplanationMediumExplanationTxt |
|---|---|
| Form 990-PF, Part IX-A, Line 1: | Additional information regarding the Foundation's activities:The Foundation ("MBRF") has created a consortium of medical schools that work to assist MBRF to carry out its mission to alleviate age related memory loss. The schools are the medical schools at the University of Miami, University of Florida, University of Alabama at Birmingham and the University of Arizona ("MBRF Schools"). The Trustees monitor programs at the MBRF Schools and encourage and facilitate cooperation of research programs conducted at the Schools.The Trustees also monitor grants made to the National Institute of Health and other organizations devoted to understanding and alleviating age related memory loss. See list of Grants in Part XV.All Trustees, excluding the corporate Trustee, Truist Bank, are either MDs or PhDs. The Trustee's educational background is required to carry out Trustee duties. The Trustees are expected to understand the science being researched and applied at the MBRF Schools as well as other grantees. The Trustees estimate they spend on average a minimum of 200 hours per year monitoring and working on behalf of MBRF programs.The nature of Trustee work continues to emphasize the research grant support relative to the programs funded to date in fulfilling the mission of the MBRF. The scientific research being funded by the MBRF is producing more research outcomes, which the Trustees must review and monitor. The review of currently funded research projects, requests for new grant support, on site visits by the trustees and review of scientific reports for each of the MBRF funded programs are very important functions of the Trustees and require continual monitoring. In order to fulfill the purpose and the mission of the MBRF, the Trustees must continuously educate themselves as to the current status and future direction of the research initiatives in learning and memory loss in the aging. The Trustees continue to expand and develop research partnerships to encourage increased interest and support of research in learning and memory in the aging.In addition to the mission related work, the Trustees monitor and direct the investment of the MBRF endowment. This requires constant updates on economic matters and working with the MBRF investment advisor. The Trustees review monthly financial reports and set policy and asset allocation annually. |
| Form 990-PF, Part I, Line 13 and Part VII - Officers' Compensation | During the year ended June 30, 2025, the Foundation made payments totaling $132,500 to Integer Consulting for trustee services rendered by Dr. Madhav Thambisetty, one of the Foundation's trustees. Pursuant to the instructions to the 2024 Form 990-PF, the amounts paid to Integer Consulting are listed as compensation paid to Dr. Thambisetty in Part VII. In addition, the amount paid to Dr. Thambisetty is reported as compensation on Part I, Line 13. In addition, $120,000 of the amount paid related to compensation for past services rendered by Dr. Thambisetty. This amount represents trustee fees for three previous years of service. |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (28 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| ACCRUED INCOME | AT COST | $13,057 | $13,057 |
| ARTISAN INTERNATIONAL VALUE FD | AT COST | $1,332,184 | $1,812,106 |
| EATON VANCE ATLANTA CAPITAL SMID-CAP | AT COST | $1,165,681 | $1,238,645 |
| DODGE & COX INCOME FD | AT COST | $2,284,049 | $2,175,000 |
| GENERATION INVESTMENT MANAGEMENT SUSTAINABLE SOLUTIONS FD IV-B QP LP | AT COST | $478,973 | $477,979 |
| HARBOURVEST 2015 GLOBAL FD LP PFIC | AT COST | $75,683 | $256,637 |
| HARBOURVEST 2016 GLOBAL FD LP PFIC | AT COST | $33,902 | $324,800 |
| HARBOURVEST 2017 GLOBAL FD LP PFIC | AT COST | $58,942 | $372,574 |
| HARBOURVEST 2019 GLOBAL FD LP | AT COST | $277,140 | $512,418 |
| HARBOURVEST 2020 GLOBAL FD LP | AT COST | $399,058 | $511,816 |
| HARBOURVEST 2021 GLOBAL FD LP | AT COST | $330,201 | $387,450 |
| HARBOURVEST 2022 GLOBAL FD LP | AT COST | $221,540 | $300,191 |
| HARBOURVEST 2023 GLOBAL FD LP | AT COST | $202,500 | $235,937 |
| HARBOURVEST 2024 GLOBAL FD LP | AT COST | $40,000 | $45,333 |
| HARBOURVEST ACCESS-2018 GLOBAL FD | AT COST | $206,853 | $495,277 |
| HCP PRIVATE EQUITY MASTER FD V | AT COST | $13,979 | $537,146 |
| ISHARE RUSSELL 2000 ETF | AT COST | $1,267,983 | $1,652,088 |
| ISHARES CORE S&P MID-CAP ETF | AT COST | $834,737 | $1,013,097 |
| LIGHTHOUSE CREDIT OPPORTUNITIES FD | AT COST | $1,111,912 | $2,478,303 |
| LIGHTHOUSE DIVERSIFIED FD QP II LP | AT COST | $917,051 | $3,239,266 |
| LIGHTHOUSE GLOBAL LONG/SHORT FD LP | AT COST | $1,091,487 | $3,610,783 |
| SPRINGHARBOUR 2013 PRIVATE EQUITY | AT COST | $21,331 | $184,079 |
| SVB CAPITAL-STRATEGIC INVESTORS FD X | AT COST | $456,150 | $548,355 |
| VANGUARD INTERNATIONAL GROWTH FUND | AT COST | $1,235,083 | $1,500,463 |
| VANGUARD RUSSELL 1000 GROWTH INDEX | AT COST | $447,241 | $1,387,020 |
| VANGUARD VALUE ETF | AT COST | $1,451,519 | $1,904,904 |
| VANGUARD INSTITUTIONAL INDEX FUND | AT COST | $20,092,010 | $34,659,471 |
| SPDR BLOOMBERG 1-3 MONTH T-BILL ETF | AT COST | $928,157 | $931,151 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Legal fees | CategoryTxt |
| Legal Fees | $22,809 | LegalFeesAmt |
| Net Investment Income | $4,562 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $13,685 | DisbursementsCharitablePrpsAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Miscellaneous expenses | $3,150 | $0 | $0 |
| Website Development | $506,222 | $0 | $506,222 |
| Investment Interest Expense | $4,275 | $4,275 | $0 |
| Insurance | $1,641 | $821 | $821 |
| Investment Management Expense | $1,792 | $1,792 | $0 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (4 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| Income/Loss from partnerships | $0 | $1,655,118 | $0 |
| Income from PFIC Distributions | $0 | $98,362 | $0 |
| Tax Refunds | $50,000 | $50,000 | |
| Event Expense Refunds | $25,004 | $25,004 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Consulting fees | $119,935 | $23,987 | $71,961 |
| Executive Search Fees | $153,564 | $0 | $0 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Federal taxes | $39,100 | $0 | $0 |
| Other taxes | $2,707 | $2,707 | $0 |