Hevolution Foundation US
Hevolution Foundation US is a private foundation, 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.
Hevolution Foundation US at a glance
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.
- Annual giving (2025)
- $13,201,080
- +100.6% vs 2024
- Grants made (2025)
- 3
- +200.0% vs 2024
- Average grant
- $4,400,360
- -33.1% vs 2024
- Median grant
- $6,215,890
- Total assets
- $3,244,615
- -16.6% vs 2024
- Primary geography
- Illinois (53% 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 Hevolution Foundation US funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was Northwestern University ($6.9M). Together the top 3 received $13.2M.
Grant Size Distribution
5 grants across all recorded years
The most common grant size was $5M or more: 3 grants of 5 (60%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2023 to 2025, annual grant giving ranged from $4.2M (2023) to $13.2M (2025). In 2025 it made 3 grants totaling $13.2M.
Grants by year
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 |
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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 | $3,244,615 | $14,073,389 | $14,717,092 | $13,201,080 | 3 | $13,204,318 | $32,737 | $175,193 |
| 2024 | $3,888,318 | $11,218,020 | $7,853,278 | $6,582,413 | 1 | $6,582,413 | $38,455 | $190,965 |
| 2023 | $523,576 | $4,718,683 | $4,195,107 | $4,193,916 | 1 | $4,193,916 | $10,998 | $2,310 |
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.
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
The highest reported compensation on the 2025 filing was $50K, to Deborah L Wince-Smith (Member). 3 officers or directors reported compensation on that 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'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.
Data update history
(2)
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
Live grants for the work Hevolution Foundation US funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
- Nixa Affiliate Grantmaking Program Up to US $10,000 · Due October 19, 2026
- Community and School Grants $28,000 total pool; 10-15 grants expected · Due October 19, 2026
- Mary Pinola/Crescenta Valley Chamber Education Fund $500 - $5,000 for ongoing programs; up to $15,000 for Strategic Initiative Grants · Due October 19, 2026
Explore Open Grants
Browse active grant opportunities in Hevolution Foundation US's focus areas in our free grants database
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