The Ilex Foundation
The Ilex Foundation is a private foundation, based in Boston, MA. IRS filing data is available from 2019 through 2026. In 2026, it awarded 2 grants totaling $33K. Net investment income was $2.
The Ilex Foundation at a glance
In short: The Ilex Foundation gave $33K across 2 grants in 2026 (avg $17K), mostly in Massachusetts. Source: 2026 IRS Form 990-PF.
- Annual giving (2026)
- $33,043
- -9.5% vs 2025
- Grants made (2026)
- 2
- -33.3% vs 2025
- Average grant
- $16,522
- +35.8% vs 2025
- Median grant
- $16,522
- Primary geography
- Massachusetts (92% of itemized 2026 grant dollars)
- Latest 990 filing
- Form 990-PF, 2026 View filing
Data from IRS Form 990-PF, 2026; updated October 2026.
Who The Ilex Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2026
The largest 2026 recipient was New Alexandria Foundation Inc ($30K). Together the top 2 received $33K.
Grant Size Distribution
14 grants across all recorded years
The most common grant size was under $50K: 14 grants of 14 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2026 grant dollars across all 2 itemized grants.
Cities
How The Ilex Foundation gives
- Giving grew 62% from 2023 to 2026. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2026, annual grant giving ranged from $13K (2022) to $37K (2025). In 2026 it made 2 grants totaling $33K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| New Alexandria Foundation Inc Boston, MA | General | $30,443 |
| The Museum of Fine Arts Houston Houston, TX | General | $2,600 |
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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 | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2026 | — | $13,277 | $213,806 | $33,043 | 2 | $175,306 | $2 | — |
| 2025 | $205,724 | $402,010 | $605,282 | $36,500 | 3 | $599,279 | $10 | — |
| 2024 | $260,223 | $425,382 | $547,725 | $17,800 | 3 | $536,585 | $382 | — |
| 2023 | $272,886 | $300,010 | $428,491 | $20,360 | 4 | $427,480 | $10 | — |
| 2022 | $338,344 | $369,944 | $517,983 | $12,950 | 2 | $423,274 | $17 | — |
| 2021 | $396,450 | $411,510 | $383,691 | $21,455 | 4 | — | $18 | — |
| 2019 | $143,333 | $245,812 | $311,375 | $31,090 | 6 | — | $2,534 | $6,429 |
Leadership & Key People
Officers and directors from IRS filings
The Ilex Foundation is led by Olga Davidson Nagy, Chairperson on every filing since 2019; none of the 7 officers listed in 2026 report compensation.
Officers on the 2026 filing
Olga Davidson Nagy
Chairperson
On filings since 2019
No compensation reported
Gregory Nagy
Trustee
On filings since 2019
No compensation reported
Houchang Chehabi
Trustee
On filings since 2019
No compensation reported
James O'Donnell
Trustee
On filings since 2019
No compensation reported
Mohammad J. Mahallati
Trustee
On filings since 2019
No compensation reported
Richard Bulliet
Trustee
On filings since 2019
No compensation reported
Sunil Sharma
Trustee
On filings since 2019
No compensation reported
Former officers (1)
- Former: Niloo Fotouhi (2019–2022) — Executive Di
Data from IRS Form 990 filings, 2019–2026. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about The Ilex Foundation
How much does The Ilex Foundation give each year?
The Ilex Foundation gave $33K across 2 grants in 2026, according to its 2026 IRS Form 990-PF. In 2025 it gave $37K across 3 grants.
Where does The Ilex Foundation operate?
The Ilex Foundation has awarded grants in Arizona, California, District of Columbia, Massachusetts, New York, Texas, Virginia.
What is The Ilex Foundation's EIN?
The Ilex Foundation's EIN (Employer Identification Number) is 34-7089903. IRS Form 990 filing data is available on this page for 2019–2026.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS December 10, 2019)
- Updated Form 990-PF for fiscal year 2026 (received by the IRS June 14, 2026)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS December 9, 2021)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS December 13, 2022)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 7, 2023)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS October 18, 2024)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS December 9, 2025)
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Figures come from The Ilex 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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