The Canet Foundation
The Canet Foundation is a private foundation based in Sherman Oaks, California. Its 2024 filing reports 21 grants totaling $389,020 to organizations including educational, arts, and community organizations.
The Canet Foundation at a glance
In short: The Canet Foundation gave $389K across 21 grants in 2024 (avg $19K), mostly in California. 29% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $389,020
- +9.6% vs 2023
- Grants made (2024)
- 21
- +10.5% vs 2023
- Average grant
- $18,525
- -0.9% vs 2023
- Median grant
- $13,020
- Total assets
- $12,529,050
- -0.6% vs 2023
- New grantees (estimate)
- 29% first-time grantees (6 of 21, 2024; small sample)
- Primary geography
- California (74% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to The Canet Foundation
- How to Apply
-
Submit a written application with a formal application and supporting documents. The filing lists quarterly deadlines.
- Contact
Application contact: The Canet Foundation
Mailing address: 15260 Ventura Blvd Suite 1750, Sherman Oaks, CA 91403
Phone: (818) 385-3100
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Canet Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was A Place Called Home ($51K). Together the top 10 received $301K.
Grant Size Distribution
85 grants across all recorded years
The most common grant size was under $50K: 76 grants of 85 (89%).
Geographic Focus
Where this funder awards grants
The 2024 filing’s grant dollars were reported by recipient state as California (74%), an unidentified state (“?”) (10%), New York (6%), New Mexico (5%), and Montana (3%).
Grant Distribution by State
Share of 2024 grant dollars across all 21 itemized grants.
Cities
Is The Canet Foundation open to new grantees?
29%
first-time grantees, 2024
In 2024, 6 of 21 grantees (29%) were first-time recipients. With only 21 grantees, that is a small sample: one grantee more or less moves the share by about 5 points. First grants averaged $16K; repeat grants $20K. How we count
Medians: $12K first-time, $15K repeat.
- 71% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (+14%). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $310K (2022) to $389K (2024). In 2024 it made 21 grants totaling $389K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| A Place Called Home Los Angeles, CA | Educational Programs | $51,000 |
| Strive Los Angeles, CA | Educational Programs | $50,000 |
| Inner-City Arts Los Angeles, CA | Educational Programs | $35,000 |
| Kids in the Spotlight Burbank, CA | Charitable Purpose | $30,000 |
| Temple Beth Sholom Temecula, CA | Educational Programs | $25,000 |
| University of Victoria | Charitable Purpose | $25,000 |
| Fractured Atlas Hartsdale, NY | Charitable Purpose | $25,000 |
| Center for Land Based Learning Woodland, CA | Charitable Purpose | $25,000 |
| Santa Fe Art Institute Santa Fe, NM | Educational Programs | $20,000 |
| Get Lit Los Angeles, CA | Educational Programs | $15,000 |
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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 |
|---|---|---|---|---|---|---|---|
| 2024 | $12,529,050 | $858,461 | $926,384 | $389,020 | 21 | $389,020 | $837,993 |
| 2023 | $12,610,022 | $725,936 | $838,429 | $355,000 | 19 | $355,000 | $646,072 |
| 2022 | $12,736,948 | $382,391 | $784,181 | $310,200 | 16 | $310,200 | $303,092 |
| 2021 | $13,099,314 | $949,054 | $839,218 | $340,000 | 14 | $340,000 | $754,174 |
| 2020 | $13,042,341 | $544,382 | $748,628 | $322,500 | 15 | — | $256,456 |
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants include awards designated for educational programs and charitable purposes. Among the grantees, A Place Called Home says it supports young people in South Los Angeles toward social, emotional, and economic success; Inner-City Arts says it uses arts education to support underserved children; and Kids in the Spotlight says it trains youth in foster care and other underserved youth to create and star in short films.
Other grantees describe work in artist support and cultural exchange: Fractured Atlas says its mission is to make the journey from inspiration to practice more accessible and equitable for artists and creatives, while Santa Fe Art Institute says it supports artistic practices engaging complex social issues. Reading Partners describes providing literacy support to students, and Backcountry Hunters & Anglers describes work on behalf of wild public lands and waters.
Grantmaking
In 2024, the foundation made 21 grants totaling $389,020. Grants ranged from $5,000 to $51,000, with a median grant of $13,020. Notable awards included $51,000 to A Place Called Home, $50,000 to STRIVE, $35,000 to Inner-City Arts, $30,000 to Kids in the Spotlight, and $25,000 each to Temple Beth Sholom, University of Victoria, Fractured Atlas, and Center for Land Based Learning.
The foundation’s 2024 filing states that it does not restrict giving to preselected organizations. It calls for applications in writing, with a formal application and supporting documents; awards are subject to restrictions set forth in the foundation’s bylaws.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Nicholas Torokvei as director, David Garelick as secretary, Brant Van Hoffman as board member, John L. Hart as director, and John Brooks as board member.
The Canet Foundation's 2024 filing lists 5 officers; all 5 officers listed in 2024 are compensated.
Officers on the 2024 filing
John L. Hart
Director
On filings since 2020
4 hrs/week
$12K (2023) → $12K (2024)
Nicholas Torokvei
Director
On filings since 2020
30 hrs/week
$52K (2020) → $120K (2024)
Brant Van Hoffman
Board Member
On filings since 2020
1 hr/week
$3K (2023) → $3K (2024)
David Garelick
Secretary
On filings since 2020
4 hrs/week
$12K (2023) → $12K (2024)
John Brooks
Board Member
On filings since 2020
2 hrs/week
$6K (2023) → $6K (2024)
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $120K, to Nicholas Torokvei (Director). 5 officers or directors reported compensation on that filing.
Frequently asked questions about The Canet Foundation
How much does The Canet Foundation give each year?
The Canet Foundation gave $389K across 21 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $355K across 19 grants.
What is The Canet Foundation's typical grant size?
The Canet Foundation's median grant in 2024 was $13,020, and its average grant was $18,525, across 21 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from The Canet Foundation that year got $16K on average.
Where does The Canet Foundation give grants?
The Canet Foundation gives mostly in California: 74% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were New York (6%) and New Mexico (5%). The most frequent recipient cities were Los Angeles, CA (6 grants), Temecula, CA (2 grants) and Burbank, CA (2 grants).
Who are The Canet Foundation's largest grantees?
The Canet Foundation's largest 2024 grantees include A Place Called Home ($51,000), Strive ($50,000) and Inner-City Arts ($35,000), according to its 2024 IRS Form 990-PF. Together they received 35% of its itemized 2024 grant dollars.
How large is The Canet Foundation?
The Canet Foundation reported $12.5M in total assets on its 2024 IRS Form 990-PF. Its revenue that year was $858K.
What does The Canet Foundation fund?
No mission statement for the foundation is provided. Its 2024 grants include awards designated for educational programs and charitable purposes. See mission & focus areas ↑
How do I apply for a grant from The Canet Foundation?
Submit a written application with a formal application and supporting documents. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). The Canet Foundation funder profile. GrantGraph. Retrieved October 10, 2026, from https://grantable.co/funders/the-canet-foundation-morg_627e5d3a1f6248d79f0f9663307a052d
BibTeX
@misc{grantable_481272926_2026,
author = {{Grantable}},
title = {{The Canet Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-canet-foundation-morg_627e5d3a1f6248d79f0f9663307a052d},
note = {Accessed 2026-10-10. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from The Canet Foundation'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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