Kiani Foundation
The Masimo Foundation for Ethics, Innovation and Competition in Healthcare is a private charitable foundation established in 2010 and based in Irvine, California. The foundation was created by Masimo Corporation to facilitate its corporate philanthropy efforts. It operates as a 501(c)(3) organization focused on improving patient care and healthcare delivery globally.
Key facts about Kiani Foundation
- EIN
- 01-0956020
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $590,000
- Grants made (2025)
- 10
- Average grant
- $59,000
- Median grant
- $47,500
- Primary geography
- California (51% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Kiani Foundation funds
By grant dollars, the top recipient states for Kiani Foundation's 10 itemized 2025 grants were California (51%), New York (20%) and Georgia (19%). The most frequent recipient cities were Aliso Viejo, CA (2 grants). 50% of grants with a stated purpose were for general or operating support.
How Kiani Foundation gives
- Giving fell 75% from 2022 to 2025. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with Kiani Foundation
- How to evaluate Kiani Foundation as a funder
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Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$590K
-82.5% YoY
Grant Count
10
-33.3% YoY
Avg Grant Size
$59K
-73.7% YoY
Mission & Focus Areas
The foundation's mission is to encourage and promote activities, programs, and research opportunities that improve patient safety and deliver advanced healthcare to people worldwide who may not otherwise have access to lifesaving technologies.
The foundation's primary focus areas include:
- Patient Safety and Outcomes: Supporting research and initiatives designed to improve patient safety and healthcare delivery
- Healthcare Innovation: Funding development initiatives and clinical studies designed to expand the healthcare industry's ability to provide better and more cost-effective solutions and protocols
- Healthcare Ethics: Providing special attention to causes focused on ethical healthcare delivery and doing the right thing for the right reasons
- Healthcare Competition: Supporting efforts designed to create healthy competition, which the foundation believes is the ultimate answer to lower healthcare costs
- Access to Healthcare: Advancing affordable healthcare and access to lifesaving technologies
- Education: Funding scholarships and educational initiatives in healthcare-related fields
Grantmaking
Grant Range
s**: Typical awards range from $10,000 to $1,000,000.
Ready to take the next step with Kiani Foundation?
Geographic Focus
Where this funder awards grants
The foundation funds organizations nationally and internationally, with no stated geographic restrictions. However, the majority of grants support U.S.-based organizations.
Grant Distribution by State
Share of all 10 itemized 2025 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year Ending March 2024:
- Total Assets: $933,702
- Total Revenues: $1,837,037
- Total Expenses: $2,865,743
- Total Grants and Contributions: $1,800,000
As of Fiscal Year Ending March 2023:
- Investment Income and Dividends: $50,530
Initial Capitalization (2010):
- Masimo Corporation provided a monetary gift of $10 million and in-kind contributions of pulse oximetry equipment and supplies to support the foundation's efforts during the first quarter of 2010.
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2019–2025
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2025
Grant Size Distribution
73 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest recipients include Uci Foundation ($150,000), St Mary and All Angels Christian School ($110,000 across 2 grants), The Voices Project ($100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| UCI FOUNDATION Irvine, CA | HEALTHCARE RESEARCH | $150,000 |
| THE VOICES PROJECT Brooklyn, NY | GENERAL OPERATING SUPPORT | $100,000 |
| THE CARTER CENTER Atlanta, GA | GENERAL OPERATING SUPPORT | $100,000 |
| ST MARY AND ALL ANGELS CHRISTIAN SCHOOL Aliso Viejo, CA | SCHOLARSHIPS | $75,000 |
| PATIENT SAFETY WATCH | PATIENT SAFETY RESEARCH | $60,000 |
| ST MARY AND ALL ANGELS CHRISTIAN SCHOOL Aliso Viejo, CA | SCHOLARSHIPS | $35,000 |
| T'RUAH New York, NY | GENERAL OPERATING SUPPORT | $20,000 |
| JEWISH VOICE FOR PEACE Berkeley, CA | GENERAL OPERATING SUPPORT | $20,000 |
| ANAHEIM COMMUNITY FOUNDATION Anaheim, CA | ANAHEIM HEALTH FAIR | $20,000 |
| INTERNATIONAL CHILDREN'S ADVISORY NETWORK Marietta, GA | GENERAL OPERATING SUPPORT | $10,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Joe Kiani - Founder and Chief Executive Officer of Masimo Corporation; serves as Chairman of The Masimo Foundation
Compensation Overview
No officer or director reported compensation in the available filings.
From 2025 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Joe Kiani | Chairman | 0.5 | — |
| Frederick Harris | Director | 0.25 | — |
| Sarah Kiani | Director | 0.25 | — |
| Steve Jensen | See Statement | 0.25 | — |
| Tom McClenahan | Secretary (Left Jan 9, 2025) | 0.05 | — |
| Micah Young | Treasurer (Left Jan 9, 2025) | 0.1 | — |
| Gerry Hammarth | Treasurer (Start Jan 9, 2025) | 0.1 | — |
Recent News & Activity
Recent developments and announcements
The foundation was formally established in April 2010 with significant initial funding from Masimo Corporation. Recent grant activity demonstrates continued commitment to healthcare innovation and education, with substantial grants to organizations like OneOC and educational institutions such as the California Institute of Technology.
Masimo Establishes Non-Profit Foundation to Promote Ethics, Innovation, andSubject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Kiani Foundation fund?
The foundation's mission is to encourage and promote activities, programs, and research opportunities that improve patient safety and deliver advanced healthcare to people worldwide who may not otherwise have access to lifesaving technologies. The foundation's primary focus areas include: • **Patient Safety and Outcomes**: Supporting research and initiatives designed to improve patient safety and healthcare delivery • **Healthcare Innovation**: Funding development initiatives and clinical studi…
How do I apply for a grant from Kiani Foundation?
**Grant Sizes**: Typical awards range from $10,000 to $1,000,000. **Recent Grant Activity** (Fiscal Year Ending March 2024): • OneOC: $1,000,000 (General Operations) • California Institute of Technology: $504,930 (Funding for Scholarships) • OneOC: $500,000 (General Operations) **Total Giving**: $590,000 to $2,865,743 in annual expenses (as of most recent filings) **Grantee Profile**: The foundation prioritizes large or well-established universities and medical institutes. It supports a broad r…
Where does Kiani Foundation make grants?
The foundation funds organizations nationally and internationally, with no stated geographic restrictions. However, the majority of grants support U.S.-based organizations.
What size grants does Kiani Foundation award?
In 2025, Kiani Foundation awarded 10 grants totaling $590K — an average of about $59K per grant, based on its IRS Form 990 filings.
What is Kiani Foundation's EIN?
Kiani Foundation's EIN (Employer Identification Number) is 01-0956020. IRS Form 990 filing data is available on this page for 2019–2025.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.