Nova Foundation Inc
Nova Foundation Inc is a private foundation, based in Reno, NV. IRS filing data is available from 2019 through 2023. In 2023, it awarded 1 grant totaling $227K. Net investment income was $14K.
Nova Foundation Inc at a glance
In short: Nova Foundation Inc gave $227K across 1 grant in 2023 (avg $227K), mostly in Ohio. Source: 2023 IRS Form 990-PF.
- Annual giving (2023)
- $226,691
- Grants made (2023)
- 1
- Average grant
- $226,691
- Median grant
- $226,691
- Primary geography
- Ohio (100% of itemized 2023 grant dollars)
- Latest 990 filing
- Form 990-PF, 2023 View filing
Data from IRS Form 990-PF, 2023; updated September 2026.
Who Nova Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2023
The largest 2023 recipient was Fidelity Charitable Gift Fund ($227K).
Grant Size Distribution
2 grants across all recorded years
The most common grant size was under $50K: 1 grant of 2 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2023 grant dollars on its one itemized grant.
States
Cities
How Nova Foundation Inc gives
- In 2023 it paid out well above 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 2021 to 2023, annual grant giving ranged from $20K (2021) to $227K (2023). In 2023 it made 1 grant totaling $227K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Fidelity Charitable Gift Fund Cincinnati, OH | Charitable contribution | $226,691 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2023 | — | $29,729 | $241,709 | $226,691 | 1 | $226,691 | $14,286 | $10,653 |
| 2022 | $227,481 | $14,695 | $12,933 | — | — | — | $1,835 | $12,720 |
| 2021 | $266,800 | $20,880 | $32,024 | $20,000 | 1 | — | $9,372 | $13,225 |
| 2020 | $251,399 | $10,696 | $13,977 | — | — | — | — | $12,501 |
| 2019 | $258,862 | $15,443 | $7,044 | — | — | — | $9,131 | $12,179 |
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.
Leadership & Key People
Officers and directors from IRS filings
Nova Foundation Inc is led by Mark S Viragh, President on every filing since 2019; none of the 3 officers listed in 2023 report compensation.
Officers on the 2023 filing
Mark S Viragh
President
On filings since 2019
2 hrs/week
No compensation reported
Katherine A Viragh
Vice President
On filings since 2019
2 hrs/week
No compensation reported
Roger E Young
Vice President
On filings since 2019
2 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2019–2023. "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 Nova Foundation Inc
How much does Nova Foundation Inc give each year?
Nova Foundation Inc gave $227K across 1 grant in 2023, according to its 2023 IRS Form 990-PF.
Where does Nova Foundation Inc operate?
Nova Foundation Inc has awarded grants in Ohio.
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 2019–2023.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS February 15, 2020)
- IRS filings on file for fiscal years 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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Figures come from Nova Foundation Inc'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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