Infotrust Foundation
The InfoTrust Foundation is a private foundation registered as a 501(c)(3) nonprofit organization based in Cincinnati, Ohio. Established in 2018, the foundation operates as the philanthropic arm of InfoTrust, leveraging the company's success to support communities where team members live and work. The foundation operates with no paid staff and makes grants to organizations across the United States and internationally.
Key facts about Infotrust Foundation
- EIN
- 82-3715957
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $216,825
- Grants made (2024)
- 32
- Average grant
- $6,776
- Median grant
- $1,643
- Total assets
- $8,636
- Primary geography
- Minnesota (58% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated June 2026.
Who Infotrust Foundation funds
By grant dollars, the top recipient states for Infotrust Foundation's 32 itemized 2024 grants were Minnesota (58%), Ohio (21%) and Florida (6%). The most frequent recipient cities were Cincinnati, OH (9 grants), New York, NY (3 grants), Chicago, IL (3 grants) and Cleveland, OH (2 grants). 78% of grants with a stated purpose were for general or operating support. Recurring purposes include "Basket Brigade" (7 grants).
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$9K
-47.0% YoY
Annual Giving
$217K
+8.0% YoY
Grant Count
32
-3.0% YoY
Avg Grant Size
$7K
+11.4% YoY
Under IRS private-foundation payout rules, Infotrust Foundation reported a distributable amount of $553 for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
Mission: "Our success is someone else's miracle." The foundation believes in leveraging organizational success to give back to communities and create meaningful impact.
Primary Focus Areas:
- Healthcare
- Ending poverty
- Better education for all students
Vision: The InfoTrust Foundation envisions a global future in which no child goes to bed hungry, healthcare innovation is used to end lifelong illnesses, poverty is eliminated, and equality across all genders is the unwavering standard.
Grantmaking
The foundation made 28 grants in 2024, with total giving of $216,825. Grant sizes range from $10,000 to $119,700.
Grant Range
s range from $10,000 to $119,700.
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Geographic Focus
Where this funder awards grants
The foundation funds projects across numerous U.S. cities and internationally, including locations such as:
- United States: Aiken, Anaheim, Chicago, Cincinnati, Houston, New York
- International: Philippines, Mumbai
- States served: Arizona, California, Colorado, Florida, Georgia, Illinois, Indiana, Kentucky, Massachusetts, Minnesota, Missouri, Montana, Nebraska, New Hampshire, New Jersey, New York, Ohio, Oregon, Pennsylvania, South Carolina, Texas, Virginia, Wisconsin
Grant Distribution by State
Share of all 32 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent (FY 2024):
- Total assets: $8,636
- Total revenues: $212,237
- Total expenses: $219,864
- Total giving: $216,825
- Grants and contributions received: $212,237
Prior Year (FY 2023):
- Total revenues: $199,974
- Total assets: $16,302
The foundation's expenses exceed revenues, with the organization operating at a deficit in recent years.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $8,636 | $16,302 | $17,386 |
| Revenue | $212,237 | $199,974 | $126,193 |
| Expenses | $219,864 | $201,058 | $135,739 |
| Qualifying Distributions | $216,825 | $200,763 | $127,057 |
| Net Investment Income | — | — | — |
| Distributable Amount | $553 | $636 | $897 |
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
171 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Heartworks Inc ($119,700), World Youth Horizons ($13,000), Boys and Girls Club of Greater Cincinnati ($10,261 across 2 grants).
| Recipient | Purpose | Amount |
|---|---|---|
| HEARTWORKS INC ROCHESTER, MN | GENERAL DONATION | $119,700 |
| WORLD YOUTH HORIZONS ORLANDO, FL | GENERAL DONATION | $13,000 |
| HEALTHNETWORK FOUNDATION CLEVELAND, OH | GENERAL DONATION | $10,000 |
| HEMOPHILA ASSOCIATION NEW YORK, NY | GENERAL DONATION | $10,000 |
| CINCINNATI CHILDREN'S HOSPITAL MEDICAL CENTER CINCINNATI, OH | BASKET BRIGADE | $8,332 |
| EVERLASTING HOPE CHILDHOOD CANCER MISSION SHORELINE, WA | GENERAL DONATION | $7,000 |
| BOYS AND GIRLS CLUB OF GREATER CINCINNATI CINCINNATI, OH | GENERAL DONATION | $6,095 |
| ARTS WAVE FUNDING ARTS FUELING COMMUNITY CINCINNATI, OH | GENERAL DONATION | $5,000 |
| CINCINNATI CHILDREN'S HOSPITAL CINCINNATI, OH | GENERAL DONATION | $5,000 |
| HAITI MAMA INC NEW YORK MILLS, MN | GENERAL DONATION | $5,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Karine Agabekyan – President
- Alexander Yastrebenetsky – Treasurer
- Michael Loban – Secretary
All leadership team members serve without compensation. The leadership has personal ties to Ukraine and established a scholarship fund at the University of Cincinnati to support students affected by the Russia-Ukraine war.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KARINE AGABEKYAN | PRESIDENT | 20 | — |
| ALEXANDER YASTREBENETSKY | TREASURER | 5 | — |
| MICHAEL LOBAN | SECRETARY | 5 | — |
Recent News & Activity
Recent developments and announcements
**University of Cincinnati Scholarship Fund:** Alex Yastrebenetsky and Karina Agabekyan established the InfoTrust Foundation Scholarship Fund to support University of Cincinnati students affected by the Russia-Ukraine war. The fund provides holistic support to allow affected students to continue their education.
InfoTrust Foundation Scholarship Fund Established at UC**Basket Brigade: Philippines:** The foundation operates a global Basket Brigade initiative, with Cincinnati team members visiting the Philippines annually to deliver gifts and support to families in need.
InfoTrust Foundation Creates Entrepreneurship Program in the Philippines**Entrepreneurship Program:** The foundation has established a new entrepreneurship program in the Philippines to empower local entrepreneurs.
InfoTrust Foundation Scholarship Fund Established at UCSubject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Infotrust Foundation fund?
**Mission:** "Our success is someone else's miracle." The foundation believes in leveraging organizational success to give back to communities and create meaningful impact. **Primary Focus Areas:** • Healthcare • Ending poverty • Better education for all students **Vision:** The InfoTrust Foundation envisions a global future in which no child goes to bed hungry, healthcare innovation is used to end lifelong illnesses, poverty is eliminated, and equality across all genders is the unwavering stan…
How do I apply for a grant from Infotrust Foundation?
The foundation made 28 grants in 2024, with total giving of $216,825. Grant sizes range from $10,000 to $119,700. **Recent Grant Recipients (2024):** • HeartWorks: $119,700 • World Youth Horizons: $13,000 • Healthnetwork Foundation: $10,000 The foundation provides general donations to grantees and operates a "Basket Brigade" program that delivers gifts and support to organizations and families in need.
Where does Infotrust Foundation make grants?
The foundation funds projects across numerous U.S. cities and internationally, including locations such as: • United States: Aiken, Anaheim, Chicago, Cincinnati, Houston, New York • International: Philippines, Mumbai • States served: Arizona, California, Colorado, Florida, Georgia, Illinois, Indiana, Kentucky, Massachusetts, Minnesota, Missouri, Montana, Nebraska, New Hampshire, New Jersey, New York, Ohio, Oregon, Pennsylvania, South Carolina, Texas, Virginia, Wisconsin
What size grants does Infotrust Foundation award?
In 2024, Infotrust Foundation awarded 32 grants totaling $217K — an average of about $7K per grant, based on its IRS Form 990 filings.
How much is Infotrust Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Infotrust Foundation reported a distributable amount of $553 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Infotrust Foundation's EIN?
Infotrust Foundation's EIN (Employer Identification Number) is 82-3715957. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Infotrust Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.