Biomed valley corporation ("bvc") operates exclusively as a "supporting organization" within the meaning of sections 501(c)(3) and 509(a)(3) of the internal revenue code ("code"). Its charitable purpose is to support, benefit, and carry out the purposes of its supported organization. Currently, its only supported organization is stowers institute for medical research ("simr"). Simr is engaged in the conduct of scientific research in the public interest. Simr is a code section 501(c)(3) organization and a public charity, as a medical research organization, within the meaning of code sections 170(b)(1)(a)(iii) and 509(a)(1).

Health

Bvc's exempt purpose is to support its supported organization, stowers institute for medical research ("simr"). Bvc's activities include research support, management of intellectual property, promotion of endowment based research, identification of intellectual property for commercialization, fundraising, and endowment management.