Diamond Mind Foundation
Diamond Mind Foundation is a private foundation based in Gaithersburg, Maryland. Its 2024 filing reports 20 grants totaling $106,238, including support for organizations and individuals for purposes such as general operating support, education, and awards.
Diamond Mind Foundation at a glance
In short: Diamond Mind Foundation gave $106K across 20 grants in 2024 (avg $5K), top state Wyoming. 80% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $106,238
- +318.0% vs 2023
- Grants made (2024)
- 20
- +66.7% vs 2023
- Average grant
- $5,312
- +150.8% vs 2023
- Median grant
- $2,688
- Total assets
- $1,826,111
- -4.5% vs 2023
- New grantees (estimate)
- 80% first-time grantees (16 of 20, 2024; small sample)
- Primary geography
- Wyoming (28% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Diamond Mind Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation does not accept unsolicited requests for funds and makes contributions only to preselected charitable organizations.
- Contact
Mailing address: 12154 Darnestown Rd Ste 409, Gaithersburg, MD 20878
Phone: (301) 693-0871
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Diamond Mind Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Humanility ($30K). Together the top 10 received $98K.
Grant Size Distribution
77 grants across all recorded years
The most common grant size was under $50K: 76 grants of 77 (99%).
Geographic Focus
Where this funder awards grants
The 2024 filing reports that grant dollars went primarily to recipients in Wyoming (28%), New York (20%), New Jersey (14%), Washington, D.C. (13%), and Texas (8%).
Grant Distribution by State
Share of 2024 grant dollars across all 20 itemized grants.
States
Cities
Is Diamond Mind Foundation open to new grantees?
80%
first-time grantees, 2024
In 2024, 16 of 20 grantees (80%) were first-time recipients. With only 20 grantees, that is a small sample: one grantee more or less moves the share by about 5 points. First grants averaged $6K; repeat grants $2K. How we count
Medians: $3K first-time, $950 repeat.
- 10% of 2024 grantees were also funded in 2023. Method
- Giving fell 36% from 2021 to 2024. Method
- In 2024 it paid out 157% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $25K (2023) to $166K (2021). In 2024 it made 20 grants totaling $106K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Humanility Lander, WY | GRANT | $30,000 |
| Dr Naomi Wolf (Sherman P Bennett Award Recepient) Millerton, NY | Grant / Award | $20,000 |
| Formerfedsgroup Freedom Foundation Cinnaminson, NJ | General Operating Support | $15,000 |
| Publius Non Profit Inc Alexandria, VA | General Operating Support | $7,500 |
| Smart Tandem LLC Houston, TX | General Operating Support, Film Production Assistance | $5,005 |
| America First Legal Washington, DC | General Operating Support | $5,000 |
| Code of Vets Inc Philadelphia, PA | General Operating Support | $5,000 |
| SJS Consulting Washington, DC | General Operating Support, Book Writing Assistance | $5,000 |
| Americas's Future Washington, DC | General Operating Support | $3,000 |
| Givesendgo Dover, DE | General Operating Support | $2,875 |
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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 | $1,826,111 | $66,377 | $157,967 | $106,238 | 20 | $140,056 | $61,256 | $89,473 |
| 2023 | $1,912,231 | $74,152 | $67,951 | $25,418 | 12 | $58,161 | $64,362 | $89,761 |
| 2022 | $1,904,145 | $103,049 | $136,882 | $43,842 | 14 | $119,651 | $90,315 | $93,345 |
| 2021 | $1,937,342 | $197,792 | $240,768 | $165,953 | 17 | $225,246 | $182,540 | $109,472 |
| 2020 | $1,983,095 | $55,833 | $68,870 | $44,750 | 14 | — | $42,466 | $98,064 |
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.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants include support for schools, charitable organizations, and an award recipient. For example, Trinity Preparatory Academy describes its work as operating a part-time kindergarten-through-12th-grade school in support of home-centered learning and within a Christian worldview. Folds of Honor Foundation says it provides educational scholarships to qualifying spouses and dependent children of military service members and first responders killed or disabled while serving. Moms for Liberty describes its mission as empowering members to defend parental and constitutionally protected rights through education, support, outreach, and advocacy.
Grantmaking
In 2024, the foundation made 20 grants totaling $106,238. Grants ranged from $99 to $30,000, with a median grant of $2,688. The largest grants included $30,000 to HUMANILITY, $20,000 to Dr. Naomi Wolf as a Sherman P. Bennett Award recipient, and $15,000 to FormerFedsGroup Freedom Foundation. Other reported grants included $7,500 to Publius Non Profit Inc., $5,005 to Smart Tandem LLC, and $5,000 each to America First Legal, Code of Vets Inc., and SJS Consulting.
Other 2024 recipients included Trinity Preparatory Academy ($2,500), Folds of Honor Foundation ($550), and Moms for Liberty ($498).
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Vladimir Novikov and Katherine Novikov as trustees.
Diamond Mind Foundation's 2024 filing lists 2 officers; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Katherine Novikov
Trustee
On filings since 2020
1 hr/week
No compensation reported
Vladimir Novikov
Trustee
On filings since 2020
1 hr/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 Diamond Mind Foundation
How much does Diamond Mind Foundation give each year?
Diamond Mind Foundation gave $106K across 20 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $25K across 12 grants.
What is Diamond Mind Foundation's typical grant size?
Diamond Mind Foundation's median grant in 2024 was $2,688, and its average grant was $5,312, across 20 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Diamond Mind Foundation that year got $6K on average.
Where does Diamond Mind Foundation give grants?
Diamond Mind Foundation's top state is Wyoming, with 28% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were New York (20%) and New Jersey (14%). The most frequent recipient cities were Washington, DC (4 grants).
Does Diamond Mind Foundation give general operating support?
Yes: 65% of Diamond Mind Foundation's 2024 grants with a stated purpose (13 of 20) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Diamond Mind Foundation's largest grantees?
Diamond Mind Foundation's largest 2024 grantees include Humanility ($30,000), Dr Naomi Wolf (Sherman P Bennett Award Recepient) ($20,000) and Formerfedsgroup Freedom Foundation ($15,000), according to its 2024 IRS Form 990-PF. Together they received 61% of its itemized 2024 grant dollars.
How large is Diamond Mind Foundation?
Diamond Mind Foundation reported $1.8M in total assets on its 2024 IRS Form 990-PF. It paid out $140K in qualifying distributions that year, against a required minimum of $89K (roughly 5% of its investment assets).
What does Diamond Mind Foundation fund?
No mission statement for the foundation is provided. Its 2024 grants include support for schools, charitable organizations, and an award recipient. See mission & focus areas ↑
How do I apply for a grant from Diamond Mind Foundation?
The foundation does not accept unsolicited requests for funds and makes contributions only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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.
Does Diamond Mind Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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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Cite this profile
Grantable. (2026). Diamond Mind Foundation funder profile. GrantGraph. Retrieved October 11, 2026, from https://grantable.co/funders/diamond-mind-foundation-morg_546f4091dad94775996e1ea916385225
BibTeX
@misc{grantable_476689769_2026,
author = {{Grantable}},
title = {{Diamond Mind Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/diamond-mind-foundation-morg_546f4091dad94775996e1ea916385225},
note = {Accessed 2026-10-11. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Diamond Mind 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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