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.
Key facts about The Institute for Innovation Inc
- EIN
- 46-3754907
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $254,221
- Grants made (2024)
- 5
- Average grant
- $50,844
- Median grant
- $25,000
- Primary geography
- Massachusetts (49% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Institute for Innovation Inc funds
By grant dollars, the top recipient states for The Institute for Innovation Inc's 5 itemized 2024 grants were Massachusetts (49%), California (39%) and Florida (10%). None of its 5 grants with a stated purpose were described as general or operating support.
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.
Next steps with The Institute for Innovation Inc
- How to evaluate The Institute for Innovation Inc as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
- Draft an LOI to The Institute for Innovation Inc with AI
AI grant writing that drafts from your organization’s own materials, in your voice.
- Track this opportunity in a free grant tracker
A free Google Sheets or Excel template for deadlines, award terms, and reports due.
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
Ready to take the next step with The Institute for Innovation Inc?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 5 itemized 2024 grant dollars.
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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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 recipients 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 |
| 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 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS 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.
Explore Open Grants
Browse active grant opportunities in The Institute for Innovation Inc's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Baird Foundation Inc
Milwaukee, WI
Assets
—
Grants
3,751
Total Given
$6.6M
Lilly Endowment Inc
Indianapolis, IN
Assets
$79.9B
Grants
1,808
Total Given
$2.3B
Central Indiana Community Foundation Inc
Indianapolis, IN
Assets
$583.5M
Grants
525
Total Given
$31.1M
United Way of Central Indiana Inc
Indianapolis, IN
Assets
$255.2M
Grants
370
Total Given
$29.9M
Lumina Foundation for Education Inc
Indianapolis, IN
Assets
$1.5B
Grants
357
Total Given
$30.0M
Round Room Gives Inc
Fishers, IN
Assets
$1.4M
Grants
357
Total Given
$1.8M
University of Notre Dame du Lac
Notre Dame, IN
Assets
$26.7B
Grants
356
Total Given
$42.0M
Indianapolis Center for Congregations Inc
Indianapolis, IN
Assets
$62.6M
Grants
336
Total Given
$7.6M
Nina Mason Pulliam Charitable Trust
Indianapolis, IN
Assets
$441.1M
Grants
328
Total Given
$22.7M
Jpmorgan Chase Foundation
New York, NY
Assets
$1.2B
Grants
10,334
Total Given
$202.5M
The Pfizer Foundation Inc
New York, NY
Assets
$255.3M
Grants
9,306
Total Given
$23.2M
Verizon Foundation
Basking Ridge, NJ
Assets
$23.8M
Grants
5,464
Total Given
$7.0M
More Funders in Indiana
Data last updated September 2026. Sourced from IRS Form 990-PF filings.