The Timashev Family Foundation is a private 501(c)(3) foundation based in New York, NY, with operational ties to Galena, OH. Founded in 2016 by technology entrepreneur Ratmir Timashev and his wife Angela Timashev, the foundation operates as a relationship-driven philanthropic organization focused on supporting visionary leaders, entrepreneurs, and innovators. The foundation's approach centers on empowering individuals and their causes to create breakthroughs that benefit broader communities.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$34.5M
+3723.6% YoY
Annual Giving
$22.1M
+11.3% YoY
Grant Count
10
+42.9% YoY
Avg Grant Size
$2.2M
-22.1% YoY
Under IRS private-foundation payout rules, The Timashev Family Foundation reported a distributable amount of $4.2M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's mission is to "empower visionary leaders, entrepreneurs, and innovators" by accelerating "individual potential for collective breakthrough." The foundation believes in supporting individuals first, then their causes, with the philosophy that "when determined people meet opportunity, their progress opens doors for others to follow."
Primary funding focus areas include:
- Education & Innovation — Supporting educational initiatives that foster entrepreneurship and technological advancement
- Arts & Culture — Supporting cultural organizations and initiatives
- Humanitarian Initiatives — Supporting humanitarian relief and international humanitarian efforts
Grantmaking
The Timashev Family Foundation does not offer formal grant programs with published funding tiers. Instead, it operates on a relationship-driven model, making strategic investments in pre-selected organizations aligned with its mission. **The foundation does not accept unsolicited grant applications.**
Grant Range
** Varies widely, from humanitarian relief grants to major gifts exceeding $110 million
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Geographic Focus
Where this funder awards grants
The foundation supports U.S.-based initiatives with international humanitarian components. Geographic areas of activity include:
- Arizona, California, Connecticut, Ohio, Oregon, Texas, Washington
- International locations including Italy and Cyprus (through the Technology Leaders of the Future program)
- Specific cities: Brooklyn, Columbus, Palo Alto, Washington
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $34.5 million
- Total Revenue: $120 million
- Total Expenses: $22.7 million
- Net Income: $97 million
- Total Liabilities: $0
As of 2023:
- Total Assets: $903,522
- Total Revenue: $23.3 million
- Total Expenses: $20.1 million
- Total Grants Awarded: $19.9 million
The foundation has dramatically scaled its philanthropic impact in recent years, with annual giving increasing from approximately $5 million (2020-2021) to nearly $20 million by 2023-2024.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $34,547,279 | $903,522 | $4,142,475 |
| Revenue | $119,727,944 | $23,291,914 | $8,692,482 |
| Expenses | $22,699,839 | $20,056,813 | $4,804,549 |
| Qualifying Distributions | $19,372,687 | $19,878,415 | $4,699,049 |
| Net Investment Income | $10,841,826 | $12,556,081 | $812,530 |
| Distributable Amount | $4,247,778 | $105,468 | $409,849 |
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
37 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Ohio State University ($16,533,333), Our Bridge Foundation ($3,138,300), The Stronghold Fund ($1,500,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ILYA AND EMILIA KABAKOV ART FOUNDATION NEW YORK, NY | TO FURTHER THE MISSION OF THE DONEE | $50,000 |
| BRUCE MUSEUM GREENWICH, CT | TO FURTHER THE MISSION OF THE DONEE | $10,000 |
| GREENWICH COUNTRY DAY SCHOOL GREENWICH, CT | TO FURTHER THE MISSION OF THE DONEE | $250,000 |
| OHIO STATE UNIVERSITY COLUMBUS, OH | TO FURTHER THE MISSION OF THE DONEE | $16,533,333 |
| GREENS FARMS ACADEMY CT WESTPORT, CT | TO FURTHER THE MISSION OF THE DONEE | $20,000 |
| THE STRONGHOLD FUND PORTLAND, OR | TO FURTHER THE MISSION OF THE DONEE | $1,500,000 |
| H FOR HUMAN FOUNDATION | TO FURTHER THE MISSION OF THE DONEE | $528,675 |
| OUR BRIDGE FOUNDATION HALLANDALE BEACH, FL | TO FURTHER THE MISSION OF THE DONEE | $3,138,300 |
| POLAR BEAR VIDEO VENTURES INC | PRODUCTION OF EDUCATIONAL DOCUMENTARY FILM | $31,750 |
| ECHO FREUNDE | TO FURTHER THE MISSION OF THE DONEE | $45,700 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Ratmir Timashev — Founder; serves as Executive in Residence and Advisory Council Chairman at the Center for Software Innovation; co-founder of Veeam Software; Ohio State University alumnus (MS, '96)
- Angela Timashev — Co-founder
- Anton Timashev — Director (serves without compensation)
- Michael Triplett — Director (serves without compensation)
All directors serve without compensation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RATMIR TIMASHEV | DIRECTOR | 2 | — |
| ANZHELA TIMASHEV | DIRECTOR | 2 | — |
| ANTON TIMASHEV | DIRECTOR | — | — |
| MICHAEL TRIPLETT | DIRECTOR | — | — |
Recent News & Activity
Recent developments and announcements
The foundation's most significant recent activity centers on the establishment of the Center for Software Innovation at The Ohio State University. In 2023, the foundation made a historic $110 million gift to launch CSI, marking the largest single gift in Ohio State University's history. This initiative reflects the foundation's commitment to education and innovation, building on Ratmir Timashev's entrepreneurial success in Ohio.
Timashev Family Foundation donates $110 million for software innovation center,Prior to this major commitment, the foundation awarded a $17 million gift to Ohio State University's College of Arts and Sciences in 2020, supporting construction of the Timashev Family Music Building, renovation of the Celeste Laboratory of Chemistry, and endowed scholarships.
Timashev Family Foundation donates $110 million for software innovation center,Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Timashev Family Foundation fund?
The foundation's mission is to "empower visionary leaders, entrepreneurs, and innovators" by accelerating "individual potential for collective breakthrough." The foundation believes in supporting individuals first, then their causes, with the philosophy that "when determined people meet opportunity, their progress opens doors for others to follow." Primary funding focus areas include: • **Education & Innovation** — Supporting educational initiatives that foster entrepreneurship and technologica…
How do I apply for a grant from The Timashev Family Foundation?
The Timashev Family Foundation does not offer formal grant programs with published funding tiers. Instead, it operates on a relationship-driven model, making strategic investments in pre-selected organizations aligned with its mission. **The foundation does not accept unsolicited grant applications.** • **Grant Range:** Varies widely, from humanitarian relief grants to major gifts exceeding $110 million • **Typical Award Size:** Grants range from approximately $10,000 to $16.5 million • **Annua…
Where does The Timashev Family Foundation make grants?
The foundation supports U.S.-based initiatives with international humanitarian components. Geographic areas of activity include: • Arizona, California, Connecticut, Ohio, Oregon, Texas, Washington • International locations including Italy and Cyprus (through the Technology Leaders of the Future program) • Specific cities: Brooklyn, Columbus, Palo Alto, Washington
What size grants does The Timashev Family Foundation award?
In 2024, The Timashev Family Foundation awarded 10 grants totaling $22.1M — an average of about $2.2M per grant, based on its IRS Form 990 filings.
How much is The Timashev Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Timashev Family Foundation reported a distributable amount of $4.2M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Timashev Family Foundation's EIN?
The Timashev Family Foundation's EIN (Employer Identification Number) is 82-1674572. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Timashev Family Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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