Inovent Foundation
Inovent Foundation is a private foundation based in Newport Beach, California. In its 2024 filing, it reported 12 grants totaling $68,000, all listed for general operations, to organizations including arts, education, and community organizations.
Inovent Foundation at a glance
In short: Inovent Foundation gave $68K across 12 grants in 2024 (avg $6K), mostly in California. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $68,000
- -75.8% vs 2023
- Grants made (2024)
- 12
- +33.3% vs 2023
- Average grant
- $5,667
- -81.8% vs 2023
- Median grant
- $2,750
- Total assets
- $1,325,379
- +23.4% vs 2023
- Primary geography
- California (71% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
How to apply to Inovent Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 220 Newport Center Dr 11-608, Newport Beach, CA 92660-7506
Phone: (949) 640-1982
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Inovent Foundation funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
The largest 2024 recipient was Columbia University ($20K across 2 grants). Together the top 7 received $68K.
Grant Size Distribution
44 grants across all recorded years
The most common grant size was under $50K: 39 grants of 44 (89%).
Geographic Focus
Where this funder awards grants
In 2024, 71% of grant dollars went to recipients in California and 29% to recipients in New York.
Grant Distribution by State
Share of 2024 grant dollars across all 12 itemized grants.
Cities
How Inovent Foundation gives
- Giving fell 73% from 2021 to 2024. Method
- In 2024 it paid out 117% of 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 2020 to 2024, annual grant giving ranged from $68K (2024) to $552K (2022). In 2024 it made 12 grants totaling $68K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Farhang Foundation Los Angeles, CA | General Operations | $18,000 |
| La Philharmonic Los Angeles, CA | General Operations | $15,000 |
| Columbia University New York, NY | General Operations | $15,000 |
| Columbia University New York, NY | General Operations | $5,000 |
| Pasadena City College Foundation Pasadena, CA | General Operations | $3,500 |
| Iranian American Women Foundation Irvine, CA | General Operations | $3,000 |
| Pacific Resident Theatre Venice, CA | General Operations | $2,500 |
| Iranian American Women Foundation Irvine, CA | General Operations | $2,000 |
| Laguna Hills High School Laguna Hills, CA | General Operations | $1,000 |
| Iranian American Women Foundation Irvine, CA | General Operations | $1,000 |
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Financial History
Multi-year comparison from IRS filings
The 2024 filing describes the program as “unrealized gain on securities contributed during the current year.”
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $1,325,379 | $463,820 | $74,955 | $68,000 | 12 | $68,000 | $258,126 | $58,156 |
| 2023 | $1,073,879 | $48,148 | $288,196 | $280,635 | 9 | $280,635 | $43,287 | $57,849 |
| 2022 | $1,314,087 | $169,425 | $566,569 | $551,803 | 13 | $551,803 | $169,215 | $76,266 |
| 2021 | $1,711,231 | $722,499 | $269,778 | $255,280 | 4 | $255,280 | $415,141 | $96,890 |
| 2020 | $1,426,920 | $488,338 | $226,934 | $221,452 | 6 | — | $189,560 | $75,947 |
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.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants went to organizations whose stated missions include promoting Iranian art and culture, supporting teaching and learning at Pasadena City College, and educating and supporting Iranian-American women. These are the grantees’ missions, not stated missions of the foundation.
Grantmaking
In 2024, the foundation gave 12 grants totaling $68,000. Grant amounts ranged from $1,000 to $18,000, with a median of $2,750. The largest grants were $18,000 to Farhang Foundation, $15,000 to LA Philharmonic, and two grants of $15,000 and $5,000 to Columbia University. Other recipients included Pasadena City College Foundation ($3,500), Iranian American Women Foundation (four grants totaling $7,000), and Pacific Resident Theatre ($2,500). The listed grants were for general operations.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Bahram Jalali as president, Mojgan Raygan as secretary, and Darren Youngman as chief financial officer.
Inovent Foundation is led by Bahram Jalali, President on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Bahram Jalali
President
On filings since 2020
4 hrs/week
No compensation reported
Darren Youngman
Chief Financial Officer
On filings since 2020
2 hrs/week
No compensation reported
Mojgan Raygan
Secretary
On filings since 2020
4 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Inovent Foundation
How much does Inovent Foundation give each year?
Inovent Foundation gave $68K across 12 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $281K across 9 grants.
What is Inovent Foundation's typical grant size?
Inovent Foundation's median grant in 2024 was $2,750, and its average grant was $5,667, across 12 grants on its 2024 IRS Form 990-PF.
Where does Inovent Foundation give grants?
Inovent Foundation gives mostly in California: 71% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was New York (29%). The most frequent recipient cities were Irvine, CA (4 grants), Los Angeles, CA (2 grants), New York, NY (2 grants) and Laguna Hills, CA (2 grants).
Does Inovent Foundation give general operating support?
Yes: 100% of Inovent Foundation's 2024 grants with a stated purpose (12 of 12) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Inovent Foundation's largest grantees?
Inovent Foundation's largest 2024 grantees include Columbia University ($20,000 across 2 grants), Farhang Foundation ($18,000) and La Philharmonic ($15,000), according to its 2024 IRS Form 990-PF. Together they received 78% of its itemized 2024 grant dollars.
How large is Inovent Foundation?
Inovent Foundation reported $1.3M in total assets on its 2024 IRS Form 990-PF. It paid out $68K in qualifying distributions that year, against a required minimum of $58K (roughly 5% of its investment assets).
What does Inovent Foundation fund?
No mission statement for the foundation is provided. Its 2024 grants went to organizations whose stated missions include promoting Iranian art and culture, supporting teaching and learning at Pasadena City College, and educating and supporting Iranian-American women. See mission & focus areas ↑
How do I apply for a grant from Inovent Foundation?
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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.
Does Inovent Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). Inovent Foundation funder profile. GrantGraph. Retrieved October 16, 2026, from https://grantable.co/funders/inovent-foundation-morg_61bbdb416d6e43cca23e57b6aab29aab
BibTeX
@misc{grantable_260729549_2026,
author = {{Grantable}},
title = {{Inovent Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/inovent-foundation-morg_61bbdb416d6e43cca23e57b6aab29aab},
note = {Accessed 2026-10-16. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Inovent Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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