The Canet Foundation is a private foundation focused on Education, based in SHERMAN OAKS, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $12.5M in total assets. In 2024, it awarded 21 grants totaling $389K. Net investment income was $838K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$12.5M
-0.6% YoY
Annual Giving
$389K
+9.6% YoY
Grant Count
21
+10.5% YoY
Avg Grant Size
$19K
-0.9% YoY
About The Canet Foundation
Based on IRS filings
The Canet Foundation is a private foundation focused on Education, based in SHERMAN OAKS, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $12.5M in total assets. In 2024, it awarded 21 grants totaling $389K. Net investment income was $838K.
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 | $12,529,050 | $12,610,022 | $12,736,948 |
| Revenue | $858,461 | $725,936 | $382,391 |
| Expenses | $926,384 | $838,429 | $784,181 |
| Qualifying Distributions | $389,020 | $355,000 | $310,200 |
| Net Investment Income | $837,993 | $646,072 | $303,092 |
| Distributable Amount | — | — | — |
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
85 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include A Place Called Home ($51,000), Strive ($50,000), Inner-city Arts ($35,000).
| Recipient | Purpose | Amount |
|---|---|---|
| TEMPLE BETH SHOLOM TEMECULA, CA | EDUCATIONAL PROGRAMS | $25,000 |
| INNER-CITY ARTS LOS ANGELES, CA | EDUCATIONAL PROGRAMS | $35,000 |
| A PLACE CALLED HOME LOS ANGELES, CA | EDUCATIONAL PROGRAMS | $51,000 |
| THE BOYS GIRLS CLUB LOS ANGELES, CA | EDUCATIONAL PROGRAMS | $5,000 |
| SANTA FE ART INSTITUTE SANTA FE, NM | EDUCATIONAL PROGRAMS | $20,000 |
| SCV SENIOR CENTER SANTA CLARITA, CA | CHARITABLE PURPOSE | $10,000 |
| KIDS IN THE SPOTLIGHT BURBANK, CA | CHARITABLE PURPOSE | $30,000 |
| STRIVE LOS ANGELES, CA | EDUCATIONAL PROGRAMS | $50,000 |
| GET LIT LOS ANGELES, CA | EDUCATIONAL PROGRAMS | $15,000 |
| UNIVERSITY OF VICTORIA | CHARITABLE PURPOSE | $25,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| NICHOLAS TOROKVEI | Director | 30 | $120,333 |
| DAVID GARELICK | Secretary | 4 | $12,000 |
| BRANT VAN HOFFMAN | BOARD MEMBER | 1 | $3,000 |
| JOHN L HART | Director | 4 | $12,000 |
| JOHN BROOKS | BOARD MEMBER | 2 | $6,000 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Canet Foundation?
The Canet Foundation is a private foundation focused on Education, based in SHERMAN OAKS, CA. It holds $12.5M in total assets as of 2024.
How large is The Canet Foundation?
As of 2024, The Canet Foundation holds $12.5M in total assets with $858K in annual revenue. It awarded 21 grants totaling $389K in 2024.
Where does The Canet Foundation operate?
The Canet Foundation has awarded grants in California, Montana, New Mexico, Nevada, New York, Texas.
What size grants does The Canet Foundation award?
In 2024, The Canet Foundation awarded 21 grants totaling $389K — an average of about $19K per grant, based on its IRS Form 990 filings.
What is The Canet Foundation's EIN?
The Canet Foundation's EIN (Employer Identification Number) is 48-1272926. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Canet 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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