Aam Foundation
Aam Foundation is a private foundation focused on International, Foreign Affairs & National Security, based in Novato, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $344.4M in total assets. In 2024, it awarded 4 grants totaling $11.5M. Net investment income was $8.9M.
Aam Foundation at a glance
In short: Aam Foundation gave $11.5M across 4 grants in 2024 (avg $2.9M), mostly in California. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $11,523,000
- +26.3% vs 2023
- Grants made (2024)
- 4
- +0.0% vs 2023
- Average grant
- $2,880,750
- +26.3% vs 2023
- Median grant
- $510,500
- Total assets
- $344,416,159
- +516.3% vs 2023
- Primary geography
- California (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Aam Foundation funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
The largest 2024 recipient was Aam Foundation - Freedom Employability Academy ($10.5M). Together the top 4 received $11.5M.
Grant Size Distribution
13 grants across all recorded years
The most common grant size was under $50K: 4 grants of 13 (31%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 4 itemized grants.
States
Cities
How Aam Foundation gives
- Giving grew 110% from 2021 to 2024. Method
- In 2024 it paid out 111% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $88K (2020) to $11.5M (2024). In 2024 it made 4 grants totaling $11.5M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Aam Foundation - Freedom Employability Academy Novato, CA | Education | $10,500,000 |
| Blue Mountain Center of Meditation Tomales, CA | Spirituality | $1,018,000 |
| Litle Brothers - Friends of the Elderly San Francisco, CA | Eldercare | $3,000 |
| Partnerships for Change San Francisco, CA | Eldercare | $2,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $344,416,159 | $300,813,850 | $12,283,959 | $11,523,000 | 4 | $11,650,188 | $8,895,293 | $10,510,589 |
| 2023 | $55,886,268 | $25,791,872 | $9,257,077 | $9,126,965 | 4 | $9,236,611 | $753,080 | $2,350,695 |
| 2022 | $39,351,473 | $10,413,991 | $6,812,383 | $6,638,200 | 2 | $6,774,085 | $184,897 | $1,825,685 |
| 2021 | $35,749,865 | $24,208,517 | $5,664,890 | $5,499,608 | 2 | $5,630,091 | $188,044 | $1,305,634 |
| 2020 | $17,206,238 | $7,105,189 | $4,734,634 | $88,200 | 1 | — | $46,277 | $786,837 |
Under IRS private-foundation payout rules, Aam Foundation reported a distributable amount of $10.5M for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Aam Foundation is led by Deepak Chopra, President & CEO on every filing since 2020; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Deepak Chopra
President & CEO
On filings since 2020
0.5 hrs/week
No compensation reported
Deepmala Chopra
Treasurer, CFO & Secretary
On filings since 2020
0.5 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Aam Foundation
How much does Aam Foundation give each year?
Aam Foundation gave $11.5M across 4 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $9.1M across 4 grants.
What is Aam Foundation's typical grant size?
Aam Foundation's median grant in 2024 was $510,500, and its average grant was $2,880,750, across 4 grants on its 2024 IRS Form 990-PF.
Where does Aam Foundation give grants?
Aam Foundation gives mostly in California: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were San Francisco, CA (2 grants).
Does Aam Foundation give general operating support?
Not in 2024: none of the 4 grants with a stated purpose on Aam Foundation's 2024 IRS Form 990-PF were described as general or operating support.
How large is Aam Foundation?
Aam Foundation reported $344.4M in total assets on its 2024 IRS Form 990-PF. It paid out $11.7M in qualifying distributions that year, against a required minimum of $10.5M (roughly 5% of its investment assets).
What is Aam Foundation?
Aam Foundation is a private foundation focused on International, Foreign Affairs & National Security, based in Novato, CA. It holds $344.4M in total assets as of 2024.
What is Aam Foundation's EIN?
Aam Foundation's EIN (Employer Identification Number) is 94-3352261. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Assets
—
Grants
13
Total Given
$1.4M
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Figures come from Aam Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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