Hassan Mahvash & Farzad Milani Charitable Trust
Hassan Mahvash & Farzad Milani Charitable Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEWPORT BEACH, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.6M in total assets. In 2024, it awarded 2 grants totaling $408K. Net investment income was $172K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.6M
+23.8% YoY
Annual Giving
$408K
+181.5% YoY
Grant Count
2
+100.0% YoY
Avg Grant Size
$204K
+40.7% YoY
Under IRS private-foundation payout rules, Hassan Mahvash & Farzad Milani Charitable Trust reported a distributable amount of $233K for 2024 — the minimum it must pay out in qualifying distributions.
About Hassan Mahvash & Farzad Milani Charitable Trust
Based on IRS filings
Hassan Mahvash & Farzad Milani Charitable Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEWPORT BEACH, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.6M in total assets. In 2024, it awarded 2 grants totaling $408K. Net investment income was $172K.
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 | $5,645,899 | $4,559,926 | $3,829,986 |
| Revenue | $1,746,713 | $853,089 | $1,000,000 |
| Expenses | $204,074 | $1,700 | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $171,918 | $446,469 | $32,172 |
| Distributable Amount | $232,682 | $144,630 | $137,337 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
12 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Mercy Ships ($204,074), City of Hope ($204,074).
| Recipient | Purpose | Amount |
|---|---|---|
| Mercy Ships Lindale, TX | Cure of Children | $204,074 |
| City of Hope Irvine, CA | Cure of Children | $204,074 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| HASSAN M MILANI Trustee | PRESIDENT | 10 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Hassan Mahvash & Farzad Milani Charitable Trust?
Hassan Mahvash & Farzad Milani Charitable Trust is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in NEWPORT BEACH, CA. It holds $5.6M in total assets as of 2024.
How large is Hassan Mahvash & Farzad Milani Charitable Trust?
As of 2024, Hassan Mahvash & Farzad Milani Charitable Trust holds $5.6M in total assets with $1.7M in annual revenue. It awarded 2 grants totaling $408K in 2024.
Where does Hassan Mahvash & Farzad Milani Charitable Trust operate?
Hassan Mahvash & Farzad Milani Charitable Trust has awarded grants in California, Ohio, Texas, Virginia.
What size grants does Hassan Mahvash & Farzad Milani Charitable Trust award?
In 2024, Hassan Mahvash & Farzad Milani Charitable Trust awarded 2 grants totaling $408K — an average of about $204K per grant, based on its IRS Form 990 filings.
How much is Hassan Mahvash & Farzad Milani Charitable Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Hassan Mahvash & Farzad Milani Charitable Trust reported a distributable amount of $233K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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