Hoveida Family Foundation
The Hoveida Family Foundation is a private philanthropic organization based in Bainbridge Island, Washington, established in 2020 and granted tax-exempt status in March 2021. The foundation is dedicated to promoting scientific and engineering education and research to improve the world for all humanity and living things. The organization operates as a 501(c)(3) private independent foundation.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$62.9M
-1.2% YoY
Annual Giving
$3.1M
-7.0% YoY
Grant Count
32
+6.7% YoY
Avg Grant Size
$97K
-12.8% YoY
Mission & Focus Areas
The foundation's mission centers on supporting scientific and engineering education and research. The family's wealth was traced to science and engineering education, and the foundation reinvests in scientific philanthropic causes.
The foundation has a strong interest in:
- Scientific, academic, and public health programs
- Environmental and energy research
- Health and medical research programs
- Academic opportunities promoting science education and scientific research
The foundation does not make grants that would be used to influence legislation, carry on propaganda, participate in political campaigns, or support pursuits contrary to sound scientific principles.
Grantmaking
Grant Range
** $10,000 to $10,000,000
How to Apply
** The foundation does not accept unsolicited proposals. The foundation directly invites proposals by contacting organizations. Requests may be submitted electronically to grants@HoveidaFoundation.org. The Governing Board meets quarterly.
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Geographic Focus
Where this funder awards grants
The foundation has a national focus on U.S. 501(c)(3) organizations and other tax-exempt organizations, with particular activity in Minnesota, Washington, and California.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets: $62.9 million–$67 million (as of 2024)
Annual Giving: $3.5 million–$4.0 million
2024 Financial Summary:
- Revenue: $2,773,555
- Expenses: $3,534,619
- Net Income: -$761,064
2023 Financial Summary:
- Total revenues: $869,769
- Total expenses: $3,799,263
- Total assets: $63,610,645
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $62,850,963 | $63,610,645 | $66,540,139 |
| Revenue | $2,773,555 | $869,769 | $-1,600,716 |
| Expenses | $3,534,619 | $3,799,263 | $4,372,414 |
| Qualifying Distributions | $3,222,526 | $3,501,539 | $4,090,541 |
| Net Investment Income | $2,461,462 | $1,422,371 | $824,084 |
| Distributable Amount | $3,295,875 | $3,105,481 | $3,269,348 |
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
72 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Bahman Hoveida – President (1 hour per week, no compensation)
- Rebecca Hoveida – Vice President (1 hour per week, no compensation)
- Amethyst Lucille Nelson – Secretary Treasurer (20 hours per week, $60,000–$91,000 annual compensation)
Bahman Hoveida founded Open Systems International, Inc. (OSI) in 1992 and retired in 2021 before launching the foundation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BAHMAN HOVEIDA | PRESIDENT | 1 | — |
| REBECCA HOVEIDA | VICE PRESIDENT | 1 | — |
| AMETHYST LUCILLE NELSON | SECRETARY TREASURER | 20 | $59,541 |
Recent News & Activity
Recent developments and announcements
The foundation has supported veterinary science research through the establishment of the Hoveida Family Foundation Research Scholarship, advancing veterinary science for a better world. The foundation has also partnered with Mayo Clinic to unlock artificial intelligence's potential in medical research and treatment development.
Hoveida Family Foundation - Grant Information & Application DetailsSubject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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