Part of Oregon's recently enacted University Venture Development Fund, the program lets donors claim 60 percent state tax credit for qualifying donations.
October 4, 2007
PORTLAND, Ore. – Oregon lawmakers have created an innovative way to ensure that great ideas benefit the state and its citizens by providing a significant state tax credit for donors supporting the transfer of university research to the commercial marketplace.
The University Venture Development Fund for Oregon provides an exceptional opportunity for donors to maximize tax benefits while building vibrant Oregon communities, strengthening the economy, improving education, creating jobs and building a better future for all Oregonians.
OHSU has created the Innovation & Seed Fund to receive contributions through this unprecedented state program. Gifts to the Innovation & Seed Fund will provide funding for start-up companies based on OHSU research during the critical “proof-of-concept” stage, before they have attracted investment from venture capitalists.
As the state's foremost health and science research university, and Oregon 's only academic medical center, OHSU is already leveraging billions of dollars in economic development. The Innovation & Seed Fund will be an important catalyst for future success.
For more information about the Innovation & Seed Fund and instructions about how to earn a state tax credit for your gift, click on the following links:
Frequently Asked Questions
UVDF brochure
UVDF Executive Summary
Tax Credit Certificate Application Form
The OHSU Foundation is a 501(c)(3) organization that exists to secure private philanthropic support for Oregon Health & Science University. The foundation raises funds from individuals, companies, foundations and organizations, and invests and manages gifts in accordance with donors' wishes.
