Philip Varnum

Chief Financial & Administrative Officer at The Lemelson Foundation

Philip Varnum

Philip Varnum

Chief Financial & Administrative Officer at The Lemelson Foundation

Biography

Philip Varnum serves as Chief Financial and Administrative Officer, responsible for the Foundation’s finances, investments, IT infrastructure, and administration. He is responsible for overseeing the Foundation’s program-related investment portfolio which includes both loans and equity investments. He also serves as the staff liaison between the Foundation and its investment consultants. This includes performance reporting and the divest/invest process.

Prior to joining The Lemelson Foundation in 2007, Philip was with Portland State University Foundation for nearly ten years where he was responsible for accounting, investment, human resources, real estate and entrepreneurial functions. Philip earned an MBA degree from Loyola Marymount University in Los Angeles.

Overview
Career Highlights

The Lemelson Foundation

RelSci Relationships

40

Number of Boards

1

Contact Data
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Relationships
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Former Executive Director & Assistant Secretary at The Lemelson Foundation

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Founder at The Lemelson Foundation

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Director at The Lemelson Foundation

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Vice President at The Lemelson Foundation

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Advisor at The Lemelson Foundation

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Advisor at The Lemelson Foundation

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Advisor at The Lemelson Foundation

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Partner at Lux Capital Group LLC

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Advisor at The Lemelson Foundation

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Senior Director of Strategy at The Lemelson Foundation

Relationship likelihood: Strong

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Philip Varnum
Chief Financial & Administrative Officer at The Lemelson Foundation
Education
MBA
Career History
Chief Financial & Administrative Officer
2007 - Current

Countless evenings during our 43 years of marriage were spent at the dinner table discussing invention. It was Jerry’s great passion. He invented not just during working hours, but at night, when we were vacationing, and even when he slept. Many friends who attended social gatherings at our home found themselves discussing the inventive process with Jerry, sometimes for the entire evening. Within the family, our conversations often turned to one theme – how to ignite the spark of invention in young people and help Americans understand the central role that invention and innovation play in creating the prosperous society in which we are all so privileged to live. Jerry spoke with great passion of his desire to initiate a foundation to foster these ideas if and when he was fortunate enough to have the means to do so. It took many years for this dream to become a reality, and yet there was never a moment when Jerry didn’t have the conviction that it would happen. When that time came, he put in place the initial programs of The Lemelson Foundation, which have proven to be so vital and inspiring in this country. Later my family was driven by Jerry’s dream, and by our own life experiences and beliefs, to apply Jerry’s original vision to improve the lives of the three billion people in our global community who earn less than two dollars a day, and whose entrepreneurial and inventive potential has often remained unrealized. Jerry would find our developing country programs a thrilling extension of his original vision, one that is consistent with his belief in justice and in the power of invention to change lives.

Team Member
Tenure Unconfirmed

Portland State University (PSU) is a public coeducational research university located in the southwest University District of downtown Portland, Oregon, United States. Originally founded in 1946 as post-secondary educational institution for World War II veterans, it evolved into a four-year college over the following two decades, and was granted university status in 1969. It is the only public urban university in the state of Oregon that is located in a major metropolitan city.

Boards & Committees
Assistant Treasurer, Board of Directors
Prior

The Lemelson Foundation uses the power of invention to improve lives, by inspiring and enabling the next generation of inventors and invention-based enterprises to promote economic growth in the US, and social and economic progress for the poor in developing countries. Established by prolific US inventor Jerome Lemelson and his wife Dorothy in the early 1990's, and led by the Lemelson family, to date the Foundation has provided or committed more than $185 million in grants and Program-Related Investments in support of its mission.

Other Affiliations
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