Foundation for Innovation in Real Estate
Foundation for Innovation in Real Estate is a charitable and educational organization created to introduce, empower, and advance underrepresented candidates in the real estate technology industry ("proptech") through its support and opportunities. The foundation accomplishes its charitable goals primarily by paying for the cost of attendance at various industry seminars and events for underrepresented persons who wish to participate.
Foundation for Innovation in Real Estate at a glance
In short: Foundation for Innovation in Real Estate reported $10K in grants paid in 2024 (a total; its filing lists no individual grants). Source: 2024 IRS Form 990.
- Grants paid (2024)
- $9,500 — reported as a total on the IRS filing, without an itemized list
- -54.8% vs 2023
- Total assets
- $5,534,084
- -2.5% vs 2023
- Revenue (2024)
- $210,651
- +9.6% vs 2023
- Net investment income (2024)
- $193,212
- +0.6% vs 2023
- Expenses (2024)
- $332,855
- +69.0% vs 2023
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who Foundation for Innovation in Real Estate funds
How this funder distributes its grants
Grant Size Distribution
6 grants across all recorded years
The most common grant size was under $50K: 5 grants of 6 (83%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2024, annual grant giving ranged from $10K (2024) to $273K (2022). In 2024 it reported $10K in grants paid, as a total without an itemized list.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Nawrb Foundation Irvine, CA | Nawrb Annual Summit and Diversity Leadership Council | $11,000 |
| MIT Design X Cambridge, MA | Support for MIT Design X Academic Program | $10,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $5,534,084 | $210,651 | $332,855 | $9,500 | Total only | $193,212 |
| 2023 | $5,677,645 | $192,142 | $197,005 | $21,000 | 2 | $192,142 |
| 2022 | $5,815,745 | $22,644 | $322,683 | $272,590 | 2 | $22,644 |
| 2021 | $6,000,000 | $6,000,000 | $44,693 | $44,000 | 2 | — |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
About Foundation for Innovation in Real Estate
Based on IRS filings
Foundation for Innovation in Real Estate is a public charity focused on Education, based in Chicago, IL. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $5.5M in total assets. In 2024, it reported $10K in grants paid as a total on its IRS filing, without an itemized list. Net investment income was $193K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Foundation for Innovation in Real Estate is led by Matt Knight, President on every filing since 2023; 1 of 5 officers listed in 2024 is compensated.
Officers on the 2024 filing
Matt Knight
President
On filings since 2023
40 hrs/week
$58K (2023) → $98K (2024)
Dave Garland
Director
On filings since 2021
1 hr/week
No compensation reported
Tyler Thompson
Director
On filings since 2021
1 hr/week
No compensation reported
Ashley Stinton
Vice President
On filings since 2021
1 hr/week
No compensation reported
Johan Holmberg
Secretary & Treasurer
On filings since 2021
1 hr/week
No compensation reported
Former officers (1)
- Former: Jeff Turner (2021–2022) — President
Data from IRS Form 990 filings, 2021–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $98K, to Matt Knight (President).
Frequently asked questions about Foundation for Innovation in Real Estate
How much does Foundation for Innovation in Real Estate give each year?
Foundation for Innovation in Real Estate reported $10K in grants paid in 2024 on its 2024 IRS Form 990, as a total without an itemized list of grants. In 2023 it gave $21K across 2 grants.
How large is Foundation for Innovation in Real Estate?
Foundation for Innovation in Real Estate reported $5.5M in total assets on its 2024 IRS Form 990. Its revenue that year was $211K.
What is Foundation for Innovation in Real Estate?
Foundation for Innovation in Real Estate is a public charity focused on Education, based in Chicago, IL. It holds $5.5M in total assets as of 2024.
Where does Foundation for Innovation in Real Estate operate?
Foundation for Innovation in Real Estate has awarded grants in California, District of Columbia, Illinois, Massachusetts, New Jersey.
What is Foundation for Innovation in Real Estate's EIN?
Foundation for Innovation in Real Estate's EIN (Employer Identification Number) is 86-1654217. IRS Form 990 filing data is available on this page for 2021–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(5)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2021 (received by the IRS November 14, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS April 23, 2025)
- Updated Form 990 for fiscal year 2023 (received by the IRS April 23, 2025)
- Updated Form 990 for fiscal year 2024 (received by the IRS September 16, 2025)
- IRS filings on file for fiscal years 2021–2024
Live grants for the work Foundation for Innovation in Real Estate funds
Education Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Foundation for Innovation in Real Estate's focus areas in our free grants database
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