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Oklahoma Medical Research Foundation
The Oklahoma Medical Research Foundation was established in 1946 as an independent nonprofit biomedical institute in Oklahoma City. Andrew S.
Oklahoma Medical Research Foundation
The Oklahoma Medical Research Foundation was established in 1946 as an independent nonprofit biomedical institute in Oklahoma City. Andrew S. Weyrich serves as President and CEO, overseeing both the scientific enterprise and the institution's investment function. The wealth originated not from a single family but from decades of philanthropic support tied to Oklahoma's energy and healthcare communities, including close ties to the Presbyterian Health Foundation. OMRF's investment posture splits between an estimated $192 million endowment portfolio and a commercialization engine that converts lab discoveries into portfolio companies. The endowment manages commitments across private equity funds, hedge funds, real estate funds, and direct mineral interests — a footprint stretching across US-based PE and real estate vehicles and global hedge fund strategies. On the direct side, OMRF participates in early-stage, seed, and venture-stage biotech through a structured partnership with i2E, an Oklahoma-focused innovation investor, and via Accele BioPharma, a biotech incubator co-founded with the Presbyterian Health Foundation. Confirmed strategies include venture (general), growth capital, distressed debt, and fund-of-funds allocations. Total deployment and professional investment headcount are not publicly disclosed. The foundation occupies a sprawling campus at 825 NE 13th Street in Oklahoma City's innovation district, adjacent to the University of Oklahoma Health Sciences Center — a key collaborative partner. Public assets include the Research Tower, the McCasland Foundation Conference Center, and OMRF Real Estate LLC, which holds additional land holdings. The foundation also reports income from Oklahoma! musical royalties and maintains a collection of on-campus art and sculpture. The board is chaired by Len Cason. OMRF's structural edge lies in its dual identity: it is both a grant-funded research institution and an active venture investor. Its pipeline is fed by more than 50 internal labs generating deal flow that the foundation can seed directly, a model more common in Stanford or MIT ecosystems than in Oklahoma City. This hybrids model allows the endowment to access venture-stage biotech deal flow that is not widely shopped to external LPs.
General information
Firm type
Endowment / Foundation
Year founded
1946
Location
Region
North America
Country
United States
City
Oklahoma City
Corporate office
825 NE 13th Street, Oklahoma City, OK 73104, United States
Principals
Andrew S. Weyrich
President and CEO
Len Cason
Chairman of the Board of Directors
Sector focus
Frequently asked questions
Who runs investment decisions at OMRF?
Investment governance likely falls under President and CEO Andrew S. Weyrich and the board chaired by Len Cason. OMRF does not publicly name a dedicated CIO or investment committee, and the small endowment size suggests a lean internal allocation team supplemented by external fund relationships. Day-to-day management of the venture-stage spin-out activity runs through the partnership with i2E and the Accele BioPharma vehicle.
How does OMRF source its direct venture investments?
OMRF sources direct investments from its own laboratory discoveries and through its partnerships with i2E and the Presbyterian Health Foundation. Accele BioPharma, co-founded with the Presbyterian Health Foundation, acts as an incubator to advance OMRF-derived biotech toward commercialization. This proprietary pipeline is not broadly accessible to outside co-investors unless structured through i2E-led rounds.
Does OMRF write fund commitments or only direct checks?
OMRF operates both sides. The endowment holds a fund-of-funds posture across private equity, hedge fund, and real estate fund commitments, mostly US-based for PE and real estate and global for hedge funds. It also writes direct early-stage checks, including seed and startup rounds, for Oklahoma-based biotech spinning out of OMRF labs.
What is the relationship between OMRF and the Presbyterian Health Foundation?
The Presbyterian Health Foundation is a co-investor and business partner. Together they co-founded Accele BioPharma, an accelerator designed to move OMRF discoveries toward clinical application. The foundation is also a frequent co-funder of Oklahoma City biotech initiatives, and both entities operate within the same innovation district adjacent to the University of Oklahoma Health Sciences Center.
Does OMRF maintain philanthropic structures separate from its investment portfolio?
OMRF is itself a 501(c)(3) nonprofit biomedical research foundation, and its investment portfolio is the endowment used to support that mission. There is no separate philanthropic vehicle named in public records, but the foundation's commercial real estate holdings and mineral interests are held through OMRF Real Estate LLC and other wholly-owned structures, suggesting a formal separation of operating and investment assets.
Which sectors does OMRF explicitly avoid in its direct investing?
OMRF's direct venture activity is limited to healthcare services and biotechnology, specifically commercializing its own research on cancer, heart disease, autoimmune disorders, and aging. The foundation does not appear to pursue direct investments in software, consumer, energy transition, or other non-healthcare verticals, concentrating its operational and investment resources on the life sciences.
What investment stages does OMRF target in direct deals?
OMRF targets the earliest stages of company formation — seed, startup, and early-stage rounds — through its technology transfer and spin-out partnerships. The Accele BioPharma incubator model suggests involvement from pre-incorporation through Series A. Later-stage expansion and growth capital is likely accessed through the endowment's fund commitments rather than direct balance-sheet checks.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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