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 (CONTINUED ON SCHEDULE O) 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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.5M
-2.5% YoY
Revenue
$211K
+9.6% YoY
Net Investment Income
$193K
+0.6% YoY
Expenses
$333K
+69.0% YoY
About Foundation for Innovation in Real Estate
Based on IRS filings
Foundation for Innovation in Real Estate is a nonprofit organization 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. Net investment income was $193K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $5,534,084 | $5,677,645 | $5,815,745 |
| Revenue | $210,651 | $192,142 | $22,644 |
| Expenses | $332,855 | $197,005 | $322,683 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $193,212 | $192,142 | $22,644 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
6 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DAVE GARLAND | DIRECTOR | 1 | — |
| TYLER THOMPSON | DIRECTOR | 1 | — |
| ASHLEY STINTON | VICE PRESIDENT | 1 | — |
| JOHAN HOLMBERG | SECRETARY AND TREASURER | 1 | — |
| MATT KNIGHT | PRESIDENT | 40 | $97,500 |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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