Novo Nordisk Fonden
Revenue
$1.36bn
year to 31 December 2024
Expenses
$1.25bn
year to 31 December 2024
Total assets
$8.59bn
$3.32bn liabilities
Net assets
$5.27bn
assets less liabilities
Directors and trustees
11
3.4 years on average
Staff
245
employees, year to 31 December 2024
Left since last filing
0
no seats appear to have opened
Officers and senior staff
3
named in Part VII
Novo Nordisk Fonden's network
11 people1 organisationi11 people and 1 organisation on this map.The large node is the subject of this page. Solid lines are what the register itself records (11). Violet dotted lines (2) are likely: the same full name sits on the current board of another organisation in the same register and region. Form 990 filings give names without a person identifier; SEC insider filings carry a CIK. It may be a different person.The board
11 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations in the tables. The network map shows same-name matches as likely links only, never as confirmed.Time served and departures are observed across annual filings. Observed time served is a lower bound - a member may have joined before the first year on record. The organisation reported 10 voting members of its governing body on its latest Form 990 Part VI, which matches the board listed here.| Name | Role as filed | Since | On the board |
|---|---|---|---|
| Lars Rebien Sorensen Chair | Chair | 2023 | 3 yrs |
| Christopher Ashby Voigt | Director (Mar-Dec) | 2023 | 3 yrs |
| Lars Henrik Fugger | Director | 2023 | 3 yrs |
| Lars Henrik Munch | Vice Chair | 2023 | 3 yrs |
| Liselotte Hojgaard | Director | 2023 | 3 yrs |
| Mads Boritz Gron | Director | 2023 | 3 yrs |
| Marianne Philip | Vice Chair (Jan-Mar) | 2023 | 3 yrs |
| Nana Sejbaek | Director (Mar-Dec) | 2023 | 3 yrs |
| OLE Jakob Muller | Director | 2023 | 3 yrs |
| Steen Riisgaard | Director | 2023 | 3 yrs |
| Stig Strobaek | Director | 2023 | 3 yrs |
Officers and senior leadership
3 listediNamed in Part VII as officers, key employees or highest-compensated staff - not board members, shown for completeness.| Name | Title as filed | On the filings |
|---|---|---|
| Erika Soderberg Johnsson | CFO | 2023 |
| Mads Krogsgaard Thomsen | CEO | 2023 |
| Soren Nedergaard | COO | 2023 |
Pay and hours
year to 31 December 2024iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.| Name | Title as filed | Hours a week | Pay from the organisation | Related organisations | Other |
|---|---|---|---|---|---|
| Mads Krogsgaard Thomsen | CEO | 40 | $1.3m | $315k | |
| Soren Nedergaard | COO | 40 | $495k | $66k | |
| Erika Soderberg Johnsson | CFO | 40 | $453k | ||
| Lars Rebien Sorensen | Chair | 1 | $374k | $298k | |
| Steen Riisgaard | Director | 1 | $224k | $190k | |
| Lars Henrik Munch | Vice Chair | 1 | $172k | ||
| Lars Henrik Fugger | Director | 1 | $123k | ||
| Christopher Ashby Voigt | Director | 1 | $104k | ||
| Nana Sejbaek | Director | 1 | $86k | ||
| Liselotte Hojgaard | Director | 1 | $86k | ||
| Mads Boritz Gron | Director | 1 | $71k | ||
| Stig Strobaek | Director | 1 | $71k | ||
| Ole Jakob Muller | Director | 1 | $71k |
About
- Legal name
- Novo Nordisk Fonden
- EIN
- 981718091
- Address
- Hellerup 2900, Denmark, 00000
- Mission
- Novo nordisk fonden (nnf) contributes significantly to research and development that improves the lives of people and the sustainability of society through grantmaking. (as filed on the Form 990)
- Activity (NTEE)
- T12 Philanthropy, voluntary services and grantmaking
- IRS classification
- 501(c)04 (tax-exempt under section 501(c)(3) where shown)
- Classified purpose
- Philanthropy, Voluntarism & Grantmaking Foundations
- Size band
- 9 (IRS master file code)
- Formed
- 1989
- Principal officer
- Mads Krogsgaard Thomsen (as named on the Form 990)
- IRS ruling date
- 1 January 2024
- Status
- Code 01 (unconditional exemption)
- Form 990 filings on record
- 1, latest 2023
Most connected
Related organisations (Schedule R)
Longest observed on the filings
≥3years on the filingsLars Rebien Sorensen
≥3years on the filingsChristopher Ashby Voigt
≥3years on the filingsLars Henrik Fugger
≥3years on the filingsLars Henrik Munch
Latest return
year to 31 December 2024iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 31 December 2024. US dollars, as filed.- Total assets
- $8.59bn
- Total liabilities
- $3.32bn
- Net assets or fund balances
- $5.27bn
- Contributions and grants received
- $0
- Program service revenue
- $0
- Grants and similar paid out
- $1.17bn
- Employees
- 245
Grants paid
17 listediFrom Schedule I of the Form 990: grants and assistance to organisations in the United States, largest first (up to 25). Schedule I is filed only by organisations that gave more than $5,000 to any one recipient.| Recipient | Purpose | Amount |
|---|---|---|
| Johns Hopkins University | $2.2m | |
| International Rescue Committee | $2.2m | |
| Nrel Foundation | $2m | |
| Regents of the University of California Davis Campus | $1.9m | |
| University of Chicago | $1.5m | |
| Whitehead Institute for Biomedical Research | $1m | |
| Cornell University | $726k | |
| President and Fellows of Harvard College | $716k | |
| International Medical Corps | $691k | |
| Community Partners International | $666k | |
| United Nations Population Fund (Unfpa) | $647k | |
| The University of Texas Medical Branch at Galveston | $630k | |
| US National Academy of Sciences | $514k | |
| University of Washington | $376k | |
| American Diabetes Association | $330k | |
| American Society for Nutrition Foundation | $252k | |
| Massachusetts Institute of Technology | $151k |