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
23
-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
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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| 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
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.
What is Noved Foundation's EIN?
Noved Foundation's EIN (Employer Identification Number) is 91-2091158. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Noved Foundation'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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