Inovent Foundation 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 $1.3M in total assets. In 2024, it awarded 12 grants totaling $68K. Net investment income was $258K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.3M
+23.4% YoY
Annual Giving
$68K
-75.8% YoY
Grant Count
12
+33.3% YoY
Avg Grant Size
$6K
-81.8% YoY
Under IRS private-foundation payout rules, Inovent Foundation reported a distributable amount of $58K for 2024 — the minimum it must pay out in qualifying distributions.
About Inovent Foundation
Based on IRS filings
Inovent Foundation 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 $1.3M in total assets. In 2024, it awarded 12 grants totaling $68K. Net investment income was $258K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,325,379 | $1,073,879 | $1,314,087 |
| Revenue | $463,820 | $48,148 | $169,425 |
| Expenses | $74,955 | $288,196 | $566,569 |
| Qualifying Distributions | $68,000 | $280,635 | $551,803 |
| Net Investment Income | $258,126 | $43,287 | $169,215 |
| Distributable Amount | $58,156 | $57,849 | $76,266 |
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
44 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Farhang Foundation ($18,000), La Philharmonic ($15,000), Columbia University ($15,000).
| Recipient | Purpose | Amount |
|---|---|---|
| COLUMBIA UNIVERSITY NEW YORK, NY | GENERAL OPERATIONS | $5,000 |
| FARHANG FOUNDATION LOS ANGELES, CA | GENERAL OPERATIONS | $18,000 |
| LA PHILHARMONIC LOS ANGELES, CA | GENERAL OPERATIONS | $15,000 |
| LAGUNA HILLS HIGH SCHOOL LAGUNA HILLS, CA | GENERAL OPERATIONS | $1,000 |
| IRANIAN AMERICAN WOMEN FOUNDATION IRVINE, CA | GENERAL OPERATIONS | $1,000 |
| IRANIAN AMERICAN WOMEN FOUNDATION IRVINE, CA | GENERAL OPERATIONS | $2,000 |
| COLUMBIA UNIVERSITY NEW YORK, NY | GENERAL OPERATIONS | $15,000 |
| IRANIAN AMERICAN WOMEN FOUNDATION IRVINE, CA | GENERAL OPERATIONS | $1,000 |
| LAGUNA HILLS HIGH SCHOOL LAGUNA HILLS, CA | GENERAL OPERATIONS | $1,000 |
| PACIFIC RESIDENT THEATRE VENICE, CA | GENERAL OPERATIONS | $2,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BAHRAM JALALI | PRESIDENT | 4 | — |
| MOJGAN RAYGAN | SECRETARY | 4 | — |
| DARREN YOUNGMAN | CHIEF FINANCIAL OFFICER | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Inovent Foundation?
Inovent Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEWPORT BEACH, CA. It holds $1.3M in total assets as of 2024.
How large is Inovent Foundation?
As of 2024, Inovent Foundation holds $1.3M in total assets with $464K in annual revenue. It awarded 12 grants totaling $68K in 2024.
Where does Inovent Foundation operate?
Inovent Foundation has awarded grants in Arizona, California, District of Columbia, Massachusetts, New Jersey, New York.
What size grants does Inovent Foundation award?
In 2024, Inovent Foundation awarded 12 grants totaling $68K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is Inovent Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Inovent Foundation reported a distributable amount of $58K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Inovent Foundation's EIN?
Inovent Foundation's EIN (Employer Identification Number) is 26-0729549. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Inovent Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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