Nova Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RENO, NV. IRS filing data is available from 2020 through 2023. In 2023, it awarded 1 grants totaling $227K. Net investment income was $14K.
Financial Overview
From 2023 IRS Form 990-PF · View filing
Total Assets
—
-100.0% YoY
Annual Giving
$227K
Grant Count
1
Avg Grant Size
$227K
Under IRS private-foundation payout rules, Nova Foundation Inc reported a distributable amount of $11K for 2023 — the minimum it must pay out in qualifying distributions.
About Nova Foundation Inc
Based on IRS filings
Nova Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RENO, NV. IRS filing data is available from 2020 through 2023. In 2023, it awarded 1 grants totaling $227K. Net investment income was $14K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | — | $227,481 | $266,800 |
| Revenue | $29,729 | $14,695 | $20,880 |
| Expenses | $241,709 | $12,933 | $32,024 |
| Qualifying Distributions | $226,691 | — | — |
| Net Investment Income | $14,286 | $1,835 | $9,372 |
| Distributable Amount | $10,653 | $12,720 | $13,225 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2023
Grant Size Distribution
2 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2023 grants, the largest include Fidelity Charitable Gift Fund ($226,691).
| Recipient | Purpose | Amount |
|---|---|---|
| Fidelity Charitable Gift Fund Cincinnati, OH | Charitable contribution | $226,691 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2023 IRS filing
From 2023 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Roger E Young | Vice President | 2 | — |
| Mark S Viragh | President | 2 | — |
| Katherine A Viragh | Vice President | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Nova Foundation Inc?
Nova Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RENO, NV. It holds — in total assets as of 2023.
Where does Nova Foundation Inc operate?
Nova Foundation Inc has awarded grants in Ohio.
What size grants does Nova Foundation Inc award?
In 2023, Nova Foundation Inc awarded 1 grants totaling $227K — an average of about $227K per grant, based on its IRS Form 990 filings.
How much is Nova Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2023, Nova Foundation Inc reported a distributable amount of $11K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Nova Foundation Inc's EIN?
Nova Foundation Inc's EIN (Employer Identification Number) is 02-0807885. IRS Form 990 filing data is available on this page for 2020–2023.
Explore Open Grants
Browse active grant opportunities in Nova Foundation Inc'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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