Avesta Foundation
Avesta Foundation is a private foundation, based in Southfield, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $823K in total assets. In 2024, it awarded 4 grants totaling $5K. Net investment income was $28K.
Avesta Foundation at a glance
In short: Avesta Foundation gave $5K across 4 grants in 2024 (avg $1K), mostly in Michigan. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $5,400
- -50.0% vs 2023
- Grants made (2024)
- 4
- -85.7% vs 2023
- Average grant
- $1,350
- +250.0% vs 2023
- Median grant
- $1,335
- Total assets
- $823,305
- +1.4% vs 2023
- Primary geography
- Michigan (78% 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 Avesta Foundation funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
The largest 2024 recipient was University of Michiagn UOM ($3K). Together the top 4 received $5K.
Grant Size Distribution
113 grants across all recorded years
The most common grant size was under $50K: 113 grants of 113 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 4 itemized grants.
States
Cities
How Avesta Foundation gives
- Giving fell 57% from 2021 to 2024. Method
- In 2023 it paid out 105% 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 $5K (2024) to $13K (2021). In 2024 it made 4 grants totaling $5K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Michiagn UOM Ann Arbor, MI | Education | $2,600 |
| Paralyzed Gofundme Bloomfield Hills, MI | Charity | $1,500 |
| Prion Alliance Inc Disease Research Boston, MA | Charity | $1,170 |
| Temple Beth Bloomfield Hills, MI | Charity | $130 |
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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 | $823,305 | $27,931 | $5,888 | $5,400 | 4 | $5,400 | $27,931 | — |
| 2023 | $811,987 | $27,173 | $11,292 | $10,799 | 28 | $10,799 | $27,173 | $10,239 |
| 2022 | $796,490 | $28,058 | $12,129 | $11,009 | 26 | $11,009 | $28,058 | — |
| 2021 | $780,852 | $27,994 | $13,425 | $12,600 | 31 | $12,600 | $27,994 | — |
| 2020 | $754,883 | $30,012 | $10,273 | $9,973 | 24 | — | $30,012 | — |
Leadership & Key People
Officers and directors from IRS filings
Avesta Foundation is led by Kambiz Bral, President on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Kambiz Bral
President
On filings since 2020
1 hr/week
No compensation reported
Alborz Bral
Treasury
On filings since 2020
No compensation reported
Roxana Hakimzadeh
Vic-Pres
On filings since 2020
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 Avesta Foundation
How much does Avesta Foundation give each year?
Avesta Foundation gave $5K across 4 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $11K across 28 grants.
What is Avesta Foundation's typical grant size?
Avesta Foundation's median grant in 2024 was $1,335, and its average grant was $1,350, across 4 grants on its 2024 IRS Form 990-PF.
Where does Avesta Foundation give grants?
Avesta Foundation gives mostly in Michigan: 78% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Massachusetts (22%). The most frequent recipient cities were Bloomfield Hills, MI (2 grants).
Does Avesta Foundation give general operating support?
Not in 2024: none of the 4 grants with a stated purpose on Avesta Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charity" (3 grants).
How large is Avesta Foundation?
Avesta Foundation reported $823K in total assets on its 2024 IRS Form 990-PF. Its revenue that year was $28K.
What is Avesta Foundation's EIN?
Avesta Foundation's EIN (Employer Identification Number) is 26-3219813. 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
(2)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 11, 2025)
- IRS filings on file for fiscal years 2020–2024
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