Inovent Foundation
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.
Key facts about Inovent Foundation
- EIN
- 26-0729549
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $68,000
- Grants made (2024)
- 12
- Average grant
- $5,667
- Median grant
- $2,750
- Total assets
- $1,325,379
- Primary geography
- California (71% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated April 2026.
Who Inovent Foundation funds
By grant dollars, the top recipient states for Inovent Foundation's 12 itemized 2024 grants were California (71%) and 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). 100% of grants with a stated purpose were for general or operating support.
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.
Next steps with Inovent Foundation
- How to evaluate Inovent Foundation as a funder
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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
Share of all 12 itemized 2024 grant dollars.
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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 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 recipients include Columbia University ($20,000 across 2 grants), Farhang Foundation ($18,000), La Philharmonic ($15,000).
| 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 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS 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.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.