Hoveida Family Foundation
The Hoveida Family Foundation is a private philanthropic organization based in Bainbridge Island, Washington, established in 2020 and granted tax-exempt status in March 2021. The foundation is dedicated to promoting scientific and engineering education and research to improve the world for all humanity and living things. The organization operates as a 501(c)(3) private independent foundation.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$62.9M
-1.2% YoY
Annual Giving
$3.1M
-7.0% YoY
Grant Count
32
+6.7% YoY
Avg Grant Size
$97K
-12.8% YoY
Under IRS private-foundation payout rules, Hoveida Family Foundation reported a distributable amount of $3.3M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's mission centers on supporting scientific and engineering education and research. The family's wealth was traced to science and engineering education, and the foundation reinvests in scientific philanthropic causes.
The foundation has a strong interest in:
- Scientific, academic, and public health programs
- Environmental and energy research
- Health and medical research programs
- Academic opportunities promoting science education and scientific research
The foundation does not make grants that would be used to influence legislation, carry on propaganda, participate in political campaigns, or support pursuits contrary to sound scientific principles.
Grantmaking
Grant Range
** $10,000 to $10,000,000
How to Apply
** The foundation does not accept unsolicited proposals. The foundation directly invites proposals by contacting organizations. Requests may be submitted electronically to grants@HoveidaFoundation.org. The Governing Board meets quarterly.
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Geographic Focus
Where this funder awards grants
The foundation has a national focus on U.S. 501(c)(3) organizations and other tax-exempt organizations, with particular activity in Minnesota, Washington, and California.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets: $62.9 million–$67 million (as of 2024)
Annual Giving: $3.5 million–$4.0 million
2024 Financial Summary:
- Revenue: $2,773,555
- Expenses: $3,534,619
- Net Income: -$761,064
2023 Financial Summary:
- Total revenues: $869,769
- Total expenses: $3,799,263
- Total assets: $63,610,645
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $62,850,963 | $63,610,645 | $66,540,139 |
| Revenue | $2,773,555 | $869,769 | $-1,600,716 |
| Expenses | $3,534,619 | $3,799,263 | $4,372,414 |
| Qualifying Distributions | $3,222,526 | $3,501,539 | $4,090,541 |
| Net Investment Income | $2,461,462 | $1,422,371 | $824,084 |
| Distributable Amount | $3,295,875 | $3,105,481 | $3,269,348 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
72 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Mayo Clinic ($2,000,000), Ieee Foundation ($250,000), Pbs Foundation ($250,000).
| Recipient | Purpose | Amount |
|---|---|---|
| FIREFLY SISTERHOOD ST LOUIS PARK, MN | SUPPORT FIREFLY SISTERHOOD'S MISSION OF PROVIDING COMFORT, HOPE, AND CONNECTION FOR WOMEN IMPACTED BY A BREAST CANCER DIAGNOSIS THROUGH FIREFLY'S PEER MENTOR GUIDES PROGRAM | $50,000 |
| IEEE FOUNDATION PISCATAWAY, NJ | PROVIDE SCHOLARSHIPS TO THE TOP ELECTRICAL ENGINEERING UNDERGRADUATE STUDENTS IN THE US TO PURSUE CAREERS IN THE POWER AND ENERGY SECTOR | $250,000 |
| MAYO CLINIC ROCHESTER, MN | FUNDING RESEARCH FOR ARTIFICIAL INTELLIGENCE FOR MEDICINE, IMPROVEMENTS IN TREATMENTS OR CURES FOR AUTO-IMMUNE DISEASE, CROHN'S, CANCER, DIABETES | $2,000,000 |
| BETTERGRIDS FOUNDATION ALAMO, CA | SUPPORT FOR GRID RESEARCHERS TO HAVE THE ESSENTIAL TEST DATA THEY NEED TO DEVELOP BETTER GRID SOLUTIONS. THE MISSION IS TO OPERATE THE GRID DATA REPOSITORY IN A SELF-FUNDING MANNER TO SUPPORT EDUCATION AND RESEARCH IN DEVELOPING BETTER SOLUTIONS FOR GRID RESILIENCY, CONTROL, AND OPTIMIZATION | $10,000 |
| THE BOWERY MISSION NEW YORK, NY | PROVIDE EMERGENCY HOMESLESS SHELTER, FOOD, AND/OR CLOTHING TO UNHOUSED POPULATIONS IN COLD WEATHER AREAS | $25,000 |
| THE SALVATION ARMY - SHIELD OF HOPE CHICAGO, IL | PROVIDE EMERGENCY HOMESLESS SHELTER, FOOD, AND/OR CLOTHING TO UNHOUSED POPULATIONS IN COLD WEATHER AREAS | $25,000 |
| WASHINGTON STATE ACADEMY OF SCIENCES SEATTLE, WA | PROVIDE PROGRAMS AND RESEARCH THAT SUPPORT THE DEVELOPMENT OF THE FUTURE STEM WORKFORCE, ADVANCING INDIAN AND NATIVE HEALTH, AND ASSESSING THE IMPACT OF COVID-19 ON K-12 STUDENTS | $25,000 |
| PBS FOUNDATION ARLINGTON, VA | PROVIDE SUPPORT FOR NOVA AND A BRIEF HISTORY OF THE FUTURE EDUCATIONAL PROGRAMMING | $250,000 |
| COMPASS HOUSING ALLIANCE SEATTLE, WA | PROVIDE EMERGENCY HOMESLESS SHELTER, FOOD, AND/OR CLOTHING TO UNHOUSED POPULATIONS IN COLD WEATHER AREAS | $25,000 |
| NATIONAL ACADEMY OF ENGINEERING FUND WASHINGTON, DC | SUPPORT FOR THE NATIONAL ACADEMY OF ENGINEERING'S INCLUSIVE, DIVERSE, AND EQUITABLE ENGINEERING FOR ALL (IDEEA) PROGRAMS THAT INFORM, INSPIRE, AND PROVIDE OPPORTUNITIES FOR K-12 MARGINALIZED YOUTH AND THEIR CAREGIVERS TO LEARN ABOUT AND ENGAGE WITH ENGINEERING | $25,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Bahman Hoveida – President (1 hour per week, no compensation)
- Rebecca Hoveida – Vice President (1 hour per week, no compensation)
- Amethyst Lucille Nelson – Secretary Treasurer (20 hours per week, $60,000–$91,000 annual compensation)
Bahman Hoveida founded Open Systems International, Inc. (OSI) in 1992 and retired in 2021 before launching the foundation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BAHMAN HOVEIDA | PRESIDENT | 1 | — |
| REBECCA HOVEIDA | VICE PRESIDENT | 1 | — |
| AMETHYST LUCILLE NELSON | SECRETARY TREASURER | 20 | $59,541 |
Recent News & Activity
Recent developments and announcements
The foundation has supported veterinary science research through the establishment of the Hoveida Family Foundation Research Scholarship, advancing veterinary science for a better world. The foundation has also partnered with Mayo Clinic to unlock artificial intelligence's potential in medical research and treatment development.
Hoveida Family Foundation - Grant Information & Application DetailsSubject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Hoveida Family Foundation fund?
The foundation's mission centers on supporting scientific and engineering education and research. The family's wealth was traced to science and engineering education, and the foundation reinvests in scientific philanthropic causes. The foundation has a strong interest in: • Scientific, academic, and public health programs • Environmental and energy research • Health and medical research programs • Academic opportunities promoting science education and scientific research The foundation does not…
How do I apply for a grant from Hoveida Family Foundation?
**Grant Range:** $10,000 to $10,000,000 **Median Grant:** $20,000–$23,000 **Grant Activity:** The foundation awarded approximately 30–32 grants in recent years, with typical awards ranging from $1,000 to $2,000,000. **Application Process:** The foundation does not accept unsolicited proposals. The foundation directly invites proposals by contacting organizations. Requests may be submitted electronically to grants@HoveidaFoundation.org. The Governing Board meets quarterly. **Recent Major Grants:…
Where does Hoveida Family Foundation make grants?
The foundation has a national focus on U.S. 501(c)(3) organizations and other tax-exempt organizations, with particular activity in Minnesota, Washington, and California.
What size grants does Hoveida Family Foundation award?
In 2024, Hoveida Family Foundation awarded 32 grants totaling $3.1M — an average of about $97K per grant, based on its IRS Form 990 filings.
How much is Hoveida Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Hoveida Family Foundation reported a distributable amount of $3.3M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Hoveida Family Foundation's EIN?
Hoveida Family Foundation's EIN (Employer Identification Number) is 85-4041310. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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