The IV Fund

Foundation · Grantmaker Folsom, CA EIN: 20-1422978 Website

The IV Fund is a private foundation established in 2004 and designated as a 501(c)(3) organization. Based in Folsom, California, the organization operates with a small staff of 2 employees. The foundation is classified as a private grantmaking foundation under the National Taxonomy of Exempt Entities (NTEE).

Key facts about The IV Fund

EIN: 20-1422978
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $2,937,404
Grants made (2024): 46
Average grant: $63,857
Median grant: $25,000
New grantees (estimate): 21% first-time grantees (8 of 39, 2024)
Total assets: $18,889,680
Primary geography: Delaware (34% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).

Who The IV Fund funds

By grant dollars, the top recipient states for The IV Fund's 46 itemized 2024 grants were Delaware (34%), Ohio (27%) and Illinois (12%). The most frequent recipient cities were New York, NY (9 grants), Cleveland, OH (7 grants), Evanston, IL (4 grants) and Princeton, NJ (4 grants). 28% of grants with a stated purpose were for general or operating support.

Is The IV Fund open to new grantees?

21%

first-time grantees, 2024

In 2024, 8 of 39 grantees (21%) were first-time recipients. First grants averaged $42K; repeat grants $84K. How we count

Medians: $5K first-time, $25K repeat.

77% of 2024 grantees were also funded in 2023. Method
Giving grew 154% from 2021 to 2024. Method
In 2024 it paid out 87% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

Next steps with The IV Fund

How to evaluate The IV Fund as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
Draft an LOI to The IV Fund 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

$18.9M

-4.5% YoY

Annual Giving

$2.9M

+9.2% YoY

Grant Count

+15.0% YoY

Avg Grant Size

$64K

-5.1% YoY

Under IRS private-foundation payout rules, The IV Fund reported a distributable amount of $3.5M for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The IV Fund's mission is to enhance mental wellbeing in the United States. The foundation works to foster a cultural shift that prioritizes mental well-being to inspire resilience, enhance mental health, and prevent suicide.

Your AI grants department

Ready to take the next step with The IV Fund?

Assess fit for your org Draft an LOI Find open RFPs

Fully replaces Grant database subscriptions Instrumentl · Foundation Directory · GrantStation & similar

Geographic Focus

Where this funder awards grants

Grant Distribution by State

Delaware $998K (34%)

Ohio $784K (27%)

Illinois $339K (12%)

District of Columbia $300K (10%)

New York $299K (10%)

All other $218K (7%)

Share of all 46 itemized 2024 grant dollars.

States

Alabama California Colorado District of Columbia Delaware Florida Illinois Louisiana Massachusetts North Carolina New Jersey New York Ohio Pennsylvania

Cities

New YorkClevelandEvanstonPrincetonChicagoBrooklynSan FranciscoWashingtonAnnandaleonhudsonColorado SpringsLawrencevilleOberlinSteamboat SpringsBerkeleyColumbusIndependenceLouisvilleNew OrleansPasadenaPhiladelphia

Financial History

Multi-year comparison from IRS filings

As of 2024:

Total Assets: $18.9 million
Annual Revenue: $2.17 million
Annual Expenses: $3.06 million
Total Liabilities: $0

The foundation has maintained consistent financial activity since its establishment, with assets and revenue tracked annually from 2011 through 2024.

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$18,889,680	$19,783,404	$16,097,226
Revenue	$2,171,468	$6,443,696	$8,428,916
Expenses	$3,061,093	$2,757,518	$1,124,378
Qualifying Distributions	$3,018,467	$2,753,082	$1,099,603
Net Investment Income	$1,106,790	$2,271,455	$149,600
Distributable Amount	$3,488,397	$2,474,354	$1,433,576

Data update history

When this profile's IRS filing data changed on Grantable

March 1, 2026 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 10 recipients in 2024

Grant Size Distribution

219 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include American Gift Fund ($998,204), Jewish Federation of Cleveland ($565,200 across 2 grants), Pulitzer Center on Crisis Reporting ($300,000).

Recipient	Purpose	Amount
AMERICAN GIFT FUND Wilmington, DE	GENERAL SUPPORT	$998,204
JEWISH FEDERATION OF CLEVELAND Cleveland, OH	ISRAEL EMERGENCY CAMPAIGN	$414,000
PULITZER CENTER ON CRISIS REPORTING Washington, DC	MENTAL WELLBEING IN THE US FELLOWSHIP	$300,000
JEWISH FEDERATION OF CLEVELAND Cleveland, OH	COMBATING ANTISEMITISM IN CLEVELAND	$151,200
NORTHWESTERN UNIVERSITY Evanston, IL	EAST LAWN PROJECT	$150,000
AMERICAN CIVIL LIBERTIES UNION OF OHIO FOUNDATION INC Cleveland, OH	CRIMINAL LAW REFORM; REPRODUCTIVE FREEDOM PROJECT	$120,000
NORTHWESTERN UNIVERSITY Evanston, IL	CENTER ON WRONGFUL CONVICTIONS	$60,000
AMERICAN FOUNDATION FOR SUICIDE PREVENTION New York, NY	LOSS SUPPORT IN MEMORY OF DAKOTA WILLIAM POWELL	$50,000
FIREBIRD COMMUNITY ARTS Chicago, IL	PROJECT FIRE	$50,000
NORTHWESTERN UNIVERSITY Evanston, IL	COUNSELING & PSYCHOLOGICAL SERVICES COMMUNITY BASED INITIATIVES	$50,000

Leadership & Key People

Leadership team and compensation from IRS filings

President: Ivy Lewis
Trustee: Lewis Ivy

The organization maintains a lean operational structure with 2 directors handling operations.

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS filing

Name	Title	Hours	Compensation
Ivy B Lewis	President/Director	1	—

Recent News & Activity

Recent developments and announcements

The IV Fund has demonstrated active engagement in mental health advocacy and cultural partnerships:

Partnered with The Pulitzer Center to promote reporting on mental health and well-being across the United States

Collaborated with The Town Hall to promote civic discourse on dismantling stigmas around mental health

Supported Princeton University Art Museum's free public opening event

Supported a new play by Princeton senior Stephanie Chen at the Lewis Arts Center

2025

Featured in The Pulitzer Center's 2025 Mental Well-Being Fellowship program, highlighting investigative journalism on mental health topics

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What does The IV Fund fund?

What size grants does The IV Fund award?

In 2024, The IV Fund awarded 46 grants totaling $2.9M — an average of about $64K per grant, based on its IRS Form 990 filings.

How much is The IV Fund required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The IV Fund reported a distributable amount of $3.5M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.