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Also known as: CO GLOBAL BUSINESS MANAGEMENT INC
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Canet Foundation is a private corporation based in SHERMAN OAKS, CA. The foundation received its IRS ruling in 2003. The principal officer is Global Business Management. It holds total assets of $12.5M. Annual income is reported at $2.7M. Total assets have grown from $2K in 2011 to $12.5M in 2024. The foundation is governed by 5 officers and trustees. The foundation operates in the area of education. Tax records are available from 2016 to 2024. Grantmaking is concentrated in California. According to available records, Canet Foundation has made 66 grants totaling $1.3M, with a median grant of $10K. The foundation has distributed between $323K and $620K annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $620K distributed across 32 grants. Individual grants have ranged from $2K to $70K, with an average award of $20K. The foundation has supported 23 unique organizations. The foundation primarily supports organizations in California, New Mexico, Nevada, which account for 82% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$5K
Median Grant
$15K
Average Grant
$24K
Largest Grant
$80K
Based on 14 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Canet Foundation primarily funds organizations in the area of education. Based on available records, the foundation has funded 66 grants. Its grantmaking reaches organizations primarily in CA, NM, NV.
Canet Foundation has distributed a total of $1.3M across 66 grants. The median grant size is $10K, with an average of $20K. Individual grants have ranged from $2K to $70K.
The application deadline is QUARTERLY. Yes, as set forth in the bylaws of the foundation.
Canet Foundation is headquartered in SHERMAN OAKS, CA. While based in CA, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Nicholas Torokvei | Director | $57K | $22K | $79K |
| John Brooks | BOARD MEMBER | $0 | $0 | N/A |
| John L Hart | Director | $0 | $0 | N/A |
| Brant Van Hoffman | BOARD MEMBER | $0 | $0 | N/A |
| David Garelick | Secretary | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$12.5M
Fair Market Value
N/A
Net Worth
$12.5M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
66
Total Giving
$1.3M
Average Grant
$20K
Median Grant
$10K
Unique Recipients
23
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Assistance LeagueCHARITABLE PURPOSE | Burbank, CA | $5K | 2023 |
| StriveEDUCATIONAL PROGRAMS | Los Angeles, CA | $60K | 2023 |
| A Place Called HomeEDUCATIONAL PROGRAMS | Los Angeles, CA | $40K | 2023 |
| Kids In The SpotlightCHARITABLE PURPOSE | Burbank, CA | $40K | 2023 |
| Operation Progress Student AssistanEDUCATIONAL PROGRAMS | Los Angeles, CA | $40K | 2023 |
| Inner-City ArtsEDUCATIONAL PROGRAMS | Los Angeles, CA | $35K | 2023 |
| University Of VictoriaCHARITABLE PURPOSE | Victoria | $25K | 2023 |
| Temple Beth SholomEDUCATIONAL PROGRAMS | Temecula, CA | $20K | 2023 |
| Santa Fe Art InstituteEDUCATIONAL PROGRAMS | Santa Fe, NM | $20K | 2023 |
| Get LitEDUCATIONAL PROGRAMS | Los Angeles, CA | $20K | 2023 |
| Juju FoundationCHARITABLE PURPOSE | Las Vegas, NV | $10K | 2023 |
| Create Now IncARTS EDUCATION | Los Angeles, CA | $10K | 2023 |
| Scv Senior CenterCHARITABLE PURPOSE | Santa Clarita, CA | $5K | 2023 |
| YmcaCHARITABLE PURPOSE | Valencia, CA | $5K | 2023 |
| Sooke Boxing ClubCHARITABLE PURPOSE | Sooke | $5K | 2023 |
| Shanyce CostainCHARITABLE PURPOSE | Victoria | $5K | 2023 |
| The Boys Girls ClubEDUCATIONAL PROGRAMS | Los Angeles, CA | $5K | 2023 |
| Brookes Westshore School SocietyCHARITABLE PURPOSE | Victoria | $4K | 2023 |
| Boy Scouts Of AmericaCHARITABLE PURPOSE | Irving, TX | $2K | 2023 |
| Saturday Night Bath Concert FundCHARITABLE PURPOSE | Lawndale, CA | $8K | 2022 |