The Institute for Innovation Inc is a private foundation focused on Science & Technology, based in SOUTH BEND, IN. IRS filing data is available from 2020 through 2024. In 2024, it awarded 5 grants totaling $254K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
-100.0% YoY
Annual Giving
$254K
+239.0% YoY
Grant Count
5
+25.0% YoY
Avg Grant Size
$51K
+171.2% YoY
Under IRS private-foundation payout rules, The Institute for Innovation Inc reported a distributable amount of $6K for 2024 — the minimum it must pay out in qualifying distributions.
About The Institute for Innovation Inc
Based on IRS filings
The Institute for Innovation Inc is a private foundation focused on Science & Technology, based in SOUTH BEND, IN. IRS filing data is available from 2020 through 2024. In 2024, it awarded 5 grants totaling $254K.
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 | — | $260,320 | $215,447 |
| Revenue | $153 | $125,281 | $88 |
| Expenses | $260,473 | $80,408 | $85,100 |
| Qualifying Distributions | $257,347 | $77,704 | $85,100 |
| Net Investment Income | — | — | $88 |
| Distributable Amount | $5,527 | $14,557 | $11,624 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
47 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Altamed Health Services ($100,000), Massachusetts General Hospital ($99,221), Team Impact Inc ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Altamed Health Services Los Angeles, CA | Healthcare services | $100,000 |
| Team Impact Inc Quincy, MA | Connect children facing serious or chronic illnesses with college athletic teams | $25,000 |
| Palm Beach Navy SEAL Evening of Tribute Inc Palm Beach, FL | Support for Navy SEAL organizations | $25,000 |
| Methodist Health System Foundation Dallas, TX | Support the exempt purpose and charitable activities of the Methodist Health System | $5,000 |
| Massachusetts General Hospital Boston, MA | Support ALS research programs of The Healey Center | $99,221 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DEIDRE MYLOD | DIRECTOR,EXECUTIVE DIRECTOR | 0.2 | — |
| THOMAS H LEE M D | DIRECTOR | 0.2 | — |
| PATRICK T RYAN | DIRECTOR | 0.2 | — |
| DEVIN ANDERSON | SECRETARY | 0.2 | — |
| GREGORY W FREIBERG | TREASURER | 0.2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Institute for Innovation Inc?
The Institute for Innovation Inc is a private foundation focused on Science & Technology, based in SOUTH BEND, IN. It holds — in total assets as of 2024.
Where does The Institute for Innovation Inc operate?
The Institute for Innovation Inc has awarded grants in California, Florida, Indiana, Massachusetts, New York, Texas.
What size grants does The Institute for Innovation Inc award?
In 2024, The Institute for Innovation Inc awarded 5 grants totaling $254K — an average of about $51K per grant, based on its IRS Form 990 filings.
How much is The Institute for Innovation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Institute for Innovation Inc reported a distributable amount of $6K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Institute for Innovation Inc's EIN?
The Institute for Innovation Inc's EIN (Employer Identification Number) is 46-3754907. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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