The Institute for Innovation Inc
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.
The Institute for Innovation Inc at a glance
In short: The Institute for Innovation Inc gave $254K across 5 grants in 2024 (avg $51K), top state Massachusetts. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $254,221
- +239.0% vs 2023
- Grants made (2024)
- 5
- +25.0% vs 2023
- Average grant
- $50,844
- +171.2% vs 2023
- Median grant
- $25,000
- Primary geography
- Massachusetts (49% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Institute for Innovation Inc funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
The largest 2024 recipient was Altamed Health Services ($100K). Together the top 5 received $254K.
Grant Size Distribution
47 grants across all recorded years
The most common grant size was under $50K: 43 grants of 47 (91%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 5 itemized grants.
Cities
How The Institute for Innovation Inc gives
- Giving grew 196% from 2021 to 2024. Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). 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 2020 to 2024, annual grant giving ranged from $75K (2023) to $254K (2024). In 2024 it made 5 grants totaling $254K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Altamed Health Services Los Angeles, CA | Healthcare services | $100,000 |
| Massachusetts General Hospital Boston, MA | Support ALS research programs of The Healey Center | $99,221 |
| 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 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | — | $153 | $260,473 | $254,221 | 5 | $257,347 | — | $5,527 |
| 2023 | $260,320 | $125,281 | $80,408 | $75,000 | 4 | $77,704 | — | $14,557 |
| 2022 | $215,447 | $88 | $85,100 | $85,100 | 4 | $85,100 | $88 | $11,624 |
| 2021 | $300,459 | $137 | $94,657 | $85,850 | 10 | $90,253 | — | $16,650 |
| 2020 | $394,979 | $62,715 | $101,130 | $92,468 | 24 | — | — | $19,867 |
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.
Leadership & Key People
Officers and directors from IRS filings
The Institute for Innovation Inc is led by Deidre Mylod, Director & Executive Director on every filing since 2020; none of the 5 officers listed in 2024 report compensation.
Officers on the 2024 filing
Deidre Mylod
Director & Executive Director
On filings since 2020
0.2 hrs/week
No compensation reported
Patrick T. Ryan
Director
On filings since 2020
0.2 hrs/week
No compensation reported
Thomas H. Lee M. D.
Director
On filings since 2020
0.2 hrs/week
No compensation reported
Devin Anderson
Secretary
On filings since 2020
0.2 hrs/week
No compensation reported
Gregory W. Freiberg
Treasurer
On filings since 2020
0.2 hrs/week
No compensation reported
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.
Frequently asked questions about The Institute for Innovation Inc
How much does The Institute for Innovation Inc give each year?
The Institute for Innovation Inc gave $254K across 5 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $75K across 4 grants.
What is The Institute for Innovation Inc's typical grant size?
The Institute for Innovation Inc's median grant in 2024 was $25,000, and its average grant was $50,844, across 5 grants on its 2024 IRS Form 990-PF.
Where does The Institute for Innovation Inc give grants?
The Institute for Innovation Inc's top state is Massachusetts, with 49% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were California (39%) and Florida (10%).
Does The Institute for Innovation Inc give general operating support?
Not in 2024: none of the 5 grants with a stated purpose on The Institute for Innovation Inc's 2024 IRS Form 990-PF were described as general or operating support.
Who are The Institute for Innovation Inc's largest grantees?
The Institute for Innovation Inc's largest 2024 grantees include Altamed Health Services ($100,000), Massachusetts General Hospital ($99,221) and Team Impact Inc ($25,000), according to its 2024 IRS Form 990-PF. Together they received 88% of its itemized 2024 grant dollars.
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.
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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work The Institute for Innovation Inc funds
Science & Technology Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in The Institute for Innovation Inc's focus areas in our free grants database
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