Hevolution Foundation US
Hevolution Foundation US is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Boston, MA. IRS filing data is available from 2023 through 2025. As of 2025, the organization holds $3.2M in total assets. In 2025, it awarded 3 grants totaling $13.2M. Net investment income was $33K.
Key facts about Hevolution Foundation US
In short: Hevolution Foundation US gave $13.2M across 3 grants in 2025 (avg $4.4M), mostly in Illinois. Source: 2025 IRS Form 990-PF.
- EIN
- 92-1409475
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $13,201,080
- Grants made (2025)
- 3
- Average grant
- $4,400,360
- Median grant
- $6,215,890
- Total assets
- $3,244,615
- Primary geography
- Illinois (53% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$3.2M
-16.6% YoY
Annual Giving
$13.2M
+100.6% YoY
Grant Count
3
+200.0% YoY
Avg Grant Size
$4.4M
-33.1% YoY
Under IRS private-foundation payout rules, Hevolution Foundation US reported a distributable amount of $175K for 2025 — the minimum it must pay out in qualifying distributions.
How Hevolution Foundation US gives
- In 2025 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 3 itemized 2025 grant dollars.
Cities
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| NORTHWESTERN UNIVERSITY Evanston, IL | DEVELOP THE PROTEOSTASIS INDEX OF HEALTHY AGING (PIHA) | $6,935,190 |
| THE BUCK INSTITUTE FOR RESEARCH ON AGING Novato, CA | BUILDING NOVEL GEROSCIENCE INITIATIVES AND ACCELERATING TRANSLATIONAL GEROSCIENCE AT THE BUCK INSTITUTE AND BEYOND. | $6,215,890 |
| NANOBIASYM EDUCATION INSTITUTION Cambridge, MA | SPONSOR FOR NANOBIOSYM GLOBAL SUMMIT 2.0 QUANTUM CONVERGENCE | $50,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $3,244,615 | $3,888,318 | $523,576 |
| Revenue | $14,073,389 | $11,218,020 | $4,718,683 |
| Expenses | $14,717,092 | $7,853,278 | $4,195,107 |
| Qualifying Distributions | $13,204,318 | $6,582,413 | $4,193,916 |
| Net Investment Income | $32,737 | $38,455 | $10,998 |
| Distributable Amount | $175,193 | $190,965 | $2,310 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 26, 2026)
- IRS filings on file for fiscal years 2023–2024
Leadership & Key People
Officers and directors from IRS filings
Hevolution Foundation US is led by Mehmood Khan, Chair on every filing since 2023; 3 of 5 officers listed in 2025 are compensated.
Officers on the 2025 filing
Mehmood Khan
Chair
On filings since 2023
1 hr/week
No compensation reported
Deborah L. Wince-Smith
Member
On filings since 2023
1 hr/week
$50K (2024) → $50K (2025)
Lester Fagen
Member
On filings since 2023
1 hr/week
$75K (2024) → $25K (2025)
Michael Ringel
Member
On filings since 2023
1 hr/week
$50K (2025)
Andrew N. Liveris
Member
On filings since 2023
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2023–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
Frequently asked questions about Hevolution Foundation US
How much does Hevolution Foundation US give each year?
Hevolution Foundation US gave $13.2M across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $6.6M across 1 grant.
What is Hevolution Foundation US's typical grant size?
Hevolution Foundation US's median grant in 2025 was $6,215,890, and its average grant was $4,400,360, across 3 grants on its 2025 IRS Form 990-PF.
Where does Hevolution Foundation US give grants?
Hevolution Foundation US gives mostly in Illinois: 53% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was California (47%).
Does Hevolution Foundation US give general operating support?
Not in 2025: none of the 3 grants with a stated purpose on Hevolution Foundation US's 2025 IRS Form 990-PF were described as general or operating support.
How large is Hevolution Foundation US?
Hevolution Foundation US reported $3.2M in total assets on its 2025 IRS Form 990-PF. It paid out $13.2M in qualifying distributions that year, against a required minimum of $175K (roughly 5% of its investment assets).
What is Hevolution Foundation US?
Hevolution Foundation US is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Boston, MA. It holds $3.2M in total assets as of 2025.
What is Hevolution Foundation US's EIN?
Hevolution Foundation US's EIN (Employer Identification Number) is 92-1409475. IRS Form 990 filing data is available on this page for 2023–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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