Novonesis Foundation
Novonesis Foundation is a private foundation, based in WILMINGTON, DE. IRS filing data is available for 2023. As of 2023, the organization holds $694K in total assets. In 2023, it made $7K in qualifying distributions. Net investment income was $168.
Financial Overview
From 2023 IRS Form 990-PF · View filing
Total Assets
$694K
Revenue
$700K
Qualifying Distributions
$7K
Expenses
$7K
Under IRS private-foundation payout rules, Novonesis Foundation reported a distributable amount of $981 for 2023 — the minimum it must pay out in qualifying distributions.
About Novonesis Foundation
Based on IRS filings
Novonesis Foundation is a private foundation, based in WILMINGTON, DE. IRS filing data is available for 2023. As of 2023, the organization holds $694K in total assets. In 2023, it made $7K in qualifying distributions. Net investment income was $168.
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Financial History
Multi-year comparison from IRS filings
| Metric | 2023 |
|---|---|
| Total Assets | $693,668 |
| Revenue | $700,168 |
| Expenses | $6,500 |
| Qualifying Distributions | $6,500 |
| Net Investment Income | $168 |
| Distributable Amount | $981 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2023
Grant Size Distribution
0 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2023.
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2023 IRS filing
From 2023 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Anand Shah | Dir, Pres, Sec, Treas | 1 | — |
Frequently Asked Questions
How large is Novonesis Foundation?
As of 2023, Novonesis Foundation holds $694K in total assets with $700K in annual revenue.
How much is Novonesis Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2023, Novonesis Foundation reported a distributable amount of $981 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Novonesis Foundation's EIN?
Novonesis Foundation's EIN (Employer Identification Number) is 93-4175573. IRS Form 990 filing data is available on this page for 2023.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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