Hassan Mahvash & Farzad Milani Charitable Trust
Hassan Mahvash & Farzad Milani Charitable Trust is a private foundation, based in Newport Beach, CA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $7.4M in total assets. In 2025, it awarded 2 grants totaling $250K. Net investment income was $155K.
Hassan Mahvash & Farzad Milani Charitable Trust at a glance
In short: Hassan Mahvash & Farzad Milani Charitable Trust gave $250K across 2 grants in 2025 (avg $125K), mostly in California. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $250,000
- -38.7% vs 2024
- Grants made (2025)
- 2
- +0.0% vs 2024
- Average grant
- $125,000
- -38.7% vs 2024
- Median grant
- $125,000
- Total assets
- $7,354,214
- +30.3% vs 2024
- Primary geography
- California (60% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Hassan Mahvash & Farzad Milani Charitable Trust funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was City of Hope ($150K). Together the top 2 received $250K.
Grant Size Distribution
8 grants across all recorded years
The most common grant size was in the $100–250K range: 6 grants of 8 (75%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
How Hassan Mahvash & Farzad Milani Charitable Trust gives
- Giving grew 67% from 2022 to 2025. Method
- In 2025 it paid out 85% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2025, annual grant giving ranged from $95K (2021) to $408K (2024). In 2025 it made 2 grants totaling $250K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| City of Hope Irvine, CA | Cure of Children | $150,000 |
| Mercy Ships Lindale, TX | Cure of Children | $100,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $7,354,214 | $1,963,537 | $252,590 | $250,000 | 2 | $250,000 | $155,494 | $295,668 |
| 2024 | $5,645,899 | $1,746,713 | $204,074 | $408,148 | 2 | — | $171,918 | $232,682 |
| 2023 | $4,559,926 | $853,089 | $1,700 | $145,000 | 1 | — | $446,469 | $144,630 |
| 2022 | $3,829,986 | $1,000,000 | — | $150,000 | 2 | — | $32,172 | $137,337 |
| 2021 | $2,797,706 | $1,655,570 | — | $95,000 | 1 | $95,000 | $181,100 | $120,550 |
| 2020 | $1,803,666 | $-718,739 | $153,025 | $152,965 | 6 | — | — | $91,646 |
Under IRS private-foundation payout rules, Hassan Mahvash & Farzad Milani Charitable Trust reported a distributable amount of $296K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Hassan Mahvash & Farzad Milani Charitable Trust is led by Hassan M. Milani Trustee, President on every filing since 2021 — the only officer listed, and uncompensated.
Officers on the 2025 filing
Hassan M. Milani Trustee
President
On filings since 2021
10 hrs/week
No compensation reported
Former officers (1)
- Former: Hassan M. Milani (2020) — President
Data from IRS Form 990 filings, 2020–2025. "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 Hassan Mahvash & Farzad Milani Charitable Trust
How much does Hassan Mahvash & Farzad Milani Charitable Trust give each year?
Hassan Mahvash & Farzad Milani Charitable Trust gave $250K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $408K across 2 grants.
How large is Hassan Mahvash & Farzad Milani Charitable Trust?
Hassan Mahvash & Farzad Milani Charitable Trust reported $7.4M in total assets on its 2025 IRS Form 990-PF. It paid out $250K in qualifying distributions that year, against a required minimum of $296K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does Hassan Mahvash & Farzad Milani Charitable Trust operate?
Hassan Mahvash & Farzad Milani Charitable Trust has awarded grants in California, Ohio, Texas, Virginia.
What is Hassan Mahvash & Farzad Milani Charitable Trust's EIN?
Hassan Mahvash & Farzad Milani Charitable Trust's EIN (Employer Identification Number) is 46-4327066. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS June 9, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS September 29, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS September 7, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 19, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 7, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS June 15, 2026)
Explore Open Grants
Browse active grant opportunities in Hassan Mahvash & Farzad Milani Charitable Trust's focus areas in our free grants database
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