Noved Foundation

SEATTLE, WA EIN: 91-2091158

Noved Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SEATTLE, WA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $430K in total assets. In 2024, it awarded 23 grants totaling $30K. Net investment income was $61K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$430K

+11.9% YoY

Annual Giving

$30K

-17.7% YoY

Grant Count

-11.5% YoY

Avg Grant Size

$1K

-6.9% YoY

Under IRS private-foundation payout rules, Noved Foundation reported a distributable amount of $23K for 2024 — the minimum it must pay out in qualifying distributions.

About Noved Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Washington $123K (85%)

California $14K (10%)

Hawaii $4K (3%)

Virginia $2K (1%)

District of Columbia $2K (1%)

Maryland $250 (0%)

States

California District of Columbia Hawaii Maryland Virginia Washington

Cities

AlexandriaArlingtonBellevueBurienCarmelHagerstownKamuelaMarinaMontereyRentonSeattleWashington

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$429,850	$384,281	$391,812
Revenue	$63,667	$33,076	$60,844
Expenses	$34,722	$40,607	$31,483
Qualifying Distributions	$30,425	$36,958	$27,300
Net Investment Income	$60,778	$24,028	$22,904
Distributable Amount	$23,101	$21,935	$22,499

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Grant Size Distribution

106 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Fred Hutch Cancer Center ($12,500), University of Washington Tyee Club ($5,000), Planned Parenthood ($2,500).

Recipient	Purpose	Amount
HABITAT FOR HUMANITY RENTON, WA	SOCIAL WELFARE	$1,000
UNIVERSITY OF WASHINGTON TYEE CLUB SEATTLE, WA	EDUCATION	$5,000
PRATT FINE ARTS CENTER SEATTLE, WA	ARTS EDUCATION	$100
SEATTLE HUMANE SOCIETY BELLEVUE, WA	ANIMAL SHELTER	$500
WASHINGTON TRAILS ASSOCIATION SEATTLE, WA	SOCIAL PROGRAMS	$1,000
SANTA CATALINA SCHOOL MONTEREY, CA	EDUCATION	$500
SEATTLE ACADEMY SEATTLE, WA	EDUCATION	$500
THE BUSH SCHOOL SEATTLE, WA	EDUCATION	$500
WM KECK OBSERVATORY KAMUELA, HI	EDUCATION	$1,000
YOUTHCARE SEATTLE, WA	SOCIAL PROGRAMS - YOUTH	$500

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
JOSEPH N WALTER	MANAGER	—	—
KATHY L MARES	MANAGER	—	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Noved Foundation?

Noved Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SEATTLE, WA. It holds $430K in total assets as of 2024.

How large is Noved Foundation?

As of 2024, Noved Foundation holds $430K in total assets with $64K in annual revenue. It awarded 23 grants totaling $30K in 2024.

Where does Noved Foundation operate?

Noved Foundation has awarded grants in California, District of Columbia, Hawaii, Maryland, Virginia, Washington.

What size grants does Noved Foundation award?

In 2024, Noved Foundation awarded 23 grants totaling $30K — an average of about $1K per grant, based on its IRS Form 990 filings.

How much is Noved Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Noved Foundation reported a distributable amount of $23K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.