Research Corporation is a private foundation exempt from income tax under section 501(c)(3) of the Internal Revenue Code; as a recipient of philanthropic support it presently qualifies as a public charity under section 170(b)(1)(D)(ii). RESEARCH CORPORATION 405 LEXINGTON AVENUE, NEW YORK, NEW YORK 10017 Fields of Activity Research Corporation, a foundation dedicated to the advancement of science, was created in 1912 by Frederick Gardner Cottrell. Donating his own patent rights on the Cottrell system of industrial gas cleaning as the original “endowment," he hoped to start in motion a cycle that would be endlessly repeated: using inventions which result from research as a source of funds for more research. The Cottrell endowment is now embodied in the foundation's remaining investment in Research-Cottrell, Inc., a leading company in air, water and thermal pollution control, and in other securities purchased from previous sales of the company stock. Sources of revenue are the return on investments, royalties from Research-Cottrell, royalties on other inventions assigned to the foundation, and grants and contributions. The Cottrell concept has evolved into a nonprofit institution which helps bring university inventions from the laboratories to the marketplace, and devotes a share of any royalties to support further research. These functions are carried out today through two separate and independent activities of Research Corporation -the Patent Program and the Grants Program. Grants Program The foundation's granting activities are centered upon support of investigations in the natural sciences and public health nutrition. Cottrell Research Grants support fundamental research in the physical sciences at graduate institutions and public undergraduate universities. Cottrell College Science Grants support basic research projects in the natural sciences at private, predominantly undergraduate colleges. Williams-Waterman Grants support basic and adaptive research programs to combat malnutrition, primarily in Latin America and the Caribbean. Brown-Hazen Grants support research and training of investigators in mycology, emphasizing medical implications; this program is terminating. In addition to these regular programs, Research Corporation occasionally supports other important scientific endeavors within its general fields of interest. Patent Program Through its invention administration services for educational and scientific institutions, the foundation aids the technology transfer process by bringing new inventions into public use. Services contributed to universities, colleges and other nonprofit institutions include evaluation of faculty and staff inventions, obtaining patents on inventions assigned to the foundation and licensing them to industry. Royalties from these inventions are apportioned among the inventor, the institution and Research Corporation, with the institution's patent policy determining the inventor's share. The foundation's share is used to help support its programs of technology transfer and grant-making. |