Diamond Mind Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in GAITHERSBURG, MD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.8M in total assets. In 2024, it awarded 20 grants totaling $106K. Net investment income was $61K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.8M
-4.5% YoY
Annual Giving
$106K
+318.0% YoY
Grant Count
20
+66.7% YoY
Avg Grant Size
$5K
+150.8% YoY
Under IRS private-foundation payout rules, Diamond Mind Foundation reported a distributable amount of $89K for 2024 — the minimum it must pay out in qualifying distributions.
About Diamond Mind Foundation
Based on IRS filings
Diamond Mind Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in GAITHERSBURG, MD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.8M in total assets. In 2024, it awarded 20 grants totaling $106K. Net investment income was $61K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,826,111 | $1,912,231 | $1,904,145 |
| Revenue | $66,377 | $74,152 | $103,049 |
| Expenses | $157,967 | $67,951 | $136,882 |
| Qualifying Distributions | $140,056 | $58,161 | $119,651 |
| Net Investment Income | $61,256 | $64,362 | $90,315 |
| Distributable Amount | $89,473 | $89,761 | $93,345 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
77 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Humanility ($30,000), Dr Naomi Wolf (sherman P Bennett Award Recepient) ($20,000), Formerfedsgroup Freedom Foundation ($15,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICA FIRST LEGAL WASHINGTON, DC | GENERAL OPERATING SUPPORT | $5,000 |
| ALLOGRAPH LLC ALEDO, TX | GENERAL OPERATING SUPPORT, BOOK WRITING ASSISTANCE | $650 |
| AMERICAS'S FUTURE WASHINGTON, DC | GENERAL OPERATING SUPPORT | $3,000 |
| CONSTITUTIONAL SHERIFF HINGLEY, AZ | SUBSCRIPTION, CSPOA.ORG | $99 |
| CODE OF VETS INC PHILADELPHIA, PA | GENERAL OPERATING SUPPORT | $5,000 |
| GEORGETOWN PREPARATORY SCHOOL NORTH BETHESDA, MD | EDUCATION | $1,000 |
| FOLDS OF HONOR FOUNDATION OSWASSO, OK | GENERAL OPERATING SUPPORT | $550 |
| GIVESENDGO DOVER, DE | GENERAL OPERATING SUPPORT | $2,875 |
| ANDREW LOPEZ WHITTIER, CA | RESEARCH | $675 |
| MOMS FOR LIBERTY MEBOURNE, FL | GRANT | $498 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| VLADIMIR NOVIKOV | TRUSTEE | 1 | — |
| KATHERINE NOVIKOV | TRUSTEE | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Diamond Mind Foundation?
Diamond Mind Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in GAITHERSBURG, MD. It holds $1.8M in total assets as of 2024.
How large is Diamond Mind Foundation?
As of 2024, Diamond Mind Foundation holds $1.8M in total assets with $66K in annual revenue. It awarded 20 grants totaling $106K in 2024.
Where does Diamond Mind Foundation operate?
Diamond Mind Foundation has awarded grants in Alaska, Arizona, California, Colorado, District of Columbia, Delaware, Florida, Illinois, Maryland, New Jersey, New York, Ohio, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, Washington, Wyoming.
What size grants does Diamond Mind Foundation award?
In 2024, Diamond Mind Foundation awarded 20 grants totaling $106K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is Diamond Mind Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Diamond Mind Foundation reported a distributable amount of $89K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Diamond Mind Foundation's EIN?
Diamond Mind Foundation's EIN (Employer Identification Number) is 47-6689769. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Diamond Mind Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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