The Institute for Innovation Inc
Preselected recipients only
The Institute for Innovation Inc is a private foundation in South Bend, Indiana. In tax year 2024 it gave $254,221 in 5 grants; the typical grant was $25,000 and the largest $100,000. It only gives to organizations it selects itself and does not accept unsolicited applications.
From its IRS Form 990-PF for tax year 2024.
- Grants paid, 2024$254,221
- Number of grants5
- Typical grant$25,000
- Largest grant$100,000
- Assets$0
- New grantees100%
Giving in 2024 was up from $75,000 the year before.
100% of its 2024 grantees had not received a grant from it the year before, a sign it is open to new organizations.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $75,000 | 4 | $260,320 |
| 2024 | $254,221 | 5 | $0 |
How to apply
The Institute for Innovation Inc says in its IRS filing that it only makes contributions to preselected organizations, so unsolicited applications are unlikely to be considered. Organizations it funds are usually invited.
Foundation website IRS filings on ProPublica
What The Institute for Innovation Inc funds
Where it gives
Its grants went to recipients in 4 states, the most to Massachusetts.
| State | Grants | Amount |
|---|---|---|
| Massachusetts | 2 | $124,221 |
| California | 1 | $100,000 |
| Florida | 1 | $25,000 |
| Texas | 1 | $5,000 |
Grants paid in 2024
| Recipient | Purpose | Amount |
|---|---|---|
| Altamed Health Services | Healthcare services | $100,000 |
| Massachusetts General Hospital | Support ALS research programs of The Healey Center | $99,221 |
| Team Impact Inc | Connect children facing serious or chronic illnesses with college athletic teams | $25,000 |
| Palm Beach Navy SEAL Evening of Tribute Inc | Support for Navy SEAL organizations | $25,000 |
| Methodist Health System Foundation | Support the exempt purpose and charitable activities of the Methodist Health System | $5,000 |
Officers and trustees
- Deidre Mylod
- Thomas H Lee M D
- Patrick T Ryan
- Devin Anderson
- Gregory W Freiberg
Questions people ask
Does The Institute for Innovation Inc accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does The Institute for Innovation Inc give?
$254,221 in tax year 2024, across 5 grants, with a typical grant of $25,000.
Who runs The Institute for Innovation Inc?
Its 2024 filing lists Deidre Mylod (Director,executive Director), Thomas H Lee M D (Director), Patrick T Ryan (Director) and Devin Anderson (Secretary) among 5 officers and trustees.
What does The Institute for Innovation Inc fund?
Based on its grants, mainly health.