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Innovart Foundation is a private corporation based in CUPERTINO, CA. The foundation received its IRS ruling in 2014. It holds total assets of $213K. Annual income is reported at $22K. Total assets have decreased from $282K in 2019 to $213K in 2024. The foundation is governed by 3 officers and trustees. Youth art and drama activities - purchased equipment and provided grants to local middle school drama program; organized local youths for Valentine card writing activity for community senior center; provide workshop and training to local high school students for mosaic artworks for school and community senior center. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2019 to 2024. Grantmaking is concentrated in California. According to available records, Innovart Foundation has made 7 grants totaling $12K, with a median grant of $800. Annual giving has grown from $2K in 2020 to $10K in 2022. Individual grants have ranged from N/A to $8K, with an average award of $2K. The foundation has supported 7 unique organizations. Grant recipients are concentrated in California. Contributions to this foundation are tax-deductible.
Smallest Grant
N/A
Median Grant
$189
Average Grant
$724
Largest Grant
$2K
Based on 3 grants from the most recent 990-PF filing.
Innovart foundation organized 10 fruit and veggie sale for the cupertino and saratoga communities (5/13, 5/25, 5/30, 6/2, 6/13, 6/25, 7/9, 7/27, 8/8, 12/9) and another 6 fundraisers for the saratoga high school (7/2, 7/23, 8/7, 9/30, 10/21, 11/5).
Expenses: $2K
In april, organized a face-mask donation. Collected 700 masks and 2 goggles, and delivered them to nurses in san jose.in april, ordered petg, a material used for printing face shields and donated to hongyun art foundation, which was 3d printing face shields for hospitals in santa clara county
Expenses: $311
Innovart foundation started a sunny time video column for the vipkids action oflove blog, built to help underprivileged kids in china learning english. Six issueswere broadcast:- origami project: growing flowers- community park- my hobby: drawing- origami animals- fundraising- christmas
Expenses: N/A
Started collaboration with the calabazas library, organizing monthly lectures starting july 2020. Because of the pandemic, all lectures have been online, but the ones organized by innovart have been a hit, and always had good participation. The eating healthy lecture had 120 attendees, which set a record high for the library over the past two years. Our lectures are as follows:- healthy eating, 7/29- how to live with negative emotions, 8/5- mindfulness meditation, 4 wednesdays in sept.- homeschool panel talk, 10/14- halloween origami, 10/27- thanksgiving origami, 11/11the "shooting stars" musical band recorded and edited a video concert in september, and sent it to chateau cupertino in october for online surfing. Due to the pandemic, the band couldn't perform in person at the elderly home.https://youtu.be/sdx9bhzwx1k
Youth art and drama activities - purchased equipment and provided grants to local middle school drama program; organized local youths for Valentine card writing activity for community senior center; provide workshop and training to local high school students for mosaic artworks for school and community senior center. Based on available records, the foundation has funded 7 grants. Its grantmaking reaches organizations primarily in CA.
Innovart Foundation has distributed a total of $12K across 7 grants. The median grant size is $800, with an average of $2K. Individual grants have ranged from N/A to $8K.
Innovart Foundation typically selects its grantees rather than accepting unsolicited proposals.
Innovart Foundation is headquartered in CUPERTINO, CA.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Carol Zhang | CFO/TREASURER | $0 | $0 | N/A |
| Jenny Wang | SECRETARY | $0 | $0 | N/A |
| Maggir Tsai | PRESIDENT | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$213K
Fair Market Value
N/A
Net Worth
$213K
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
7
Total Giving
$12K
Average Grant
$2K
Median Grant
$800
Unique Recipients
7
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Palo Alto UniversityCharity | Palo Alto, CA | $8K | 2022 |
| Trust In EducationCharity | Lafayette, CA | $1K | 2022 |
| Saratoga High School FoundationCharity | Saratoga, CA | $800 | 2022 |
| Wikimedia FoundationCharity | San Francisco, CA | N/A | 2022 |
| Saratoga High School Wellness CenterCHARITABLE PURPOSE | Saratoga, CA | $2K | 2020 |
| Hongyun Art FoundationCHARITABLE PURPOSE | Cupertino, CA | $189 | 2020 |
| Family Giving TreeCHARITABLE PURPOSE | Milpitas, CA | N/A | 2020 |