The California State Capitol

Form 990-PFTax year 2024EIN 48-1272926

The Canet Foundation

A private foundation in Sherman Oaks, CA. Its return for tax year 2024 lists 21 grants and $389,020 paid in grants.

Tax year 2024 (period ending Dec 31, 2024), read from the IRS e-file on Nov 11, 2026. Returns reach the IRS 5 to 18 months after the year they describe.

How to apply

Accepts applications

The return gives an application contact and rules, as below.

Contact
The Canet Foundation
15260 Ventura Blvd Suite 1750
Sherman Oaks, CA 91403
(818) 385-3100
Form and materials
Applications in writing, with formal application and supporting documents
Deadlines
Quarterly
Restrictions
Yes, as set forth in the bylaws of the foundation

Assets and giving by year

7 returns on file
Grants paid by tax year. The latest year is in blue.
  • Tax year 2024

    $389,020

    Grants listed
    21
    Assets, end of year
    $12,529,050
  • Tax year 2023

    $355,000

    Grants listed
    19
    Assets, end of year
    $12,610,022
  • Tax year 2022

    $310,200

    Grants listed
    16
    Assets, end of year
    $12,736,948
  • Tax year 2021

    $340,000

    Grants listed
    14
    Assets, end of year
    $13,099,314
  • Tax year 2020

    $322,500

    Grants listed
    15
    Assets, end of year
    $13,042,341
  • Tax year 2019

    $320,000

    Grants listed
    14
    Assets, end of year
    $13,416,757
  • Tax year 2018

    $209,500

    Grants listed
    10
    Assets, end of year
    $13,741,117

Grants paid in 2024

21 grants, largest first

As listed on the return. Grants to individuals show as “Individual”, with purpose and amount only.

  1. A Place Called HomeLos Angeles, CA

    Educational programs

    $51,000
  2. Individual

    Educational programs

    $50,000
  3. Inner-City ArtsLos Angeles, CA

    Educational programs

    $35,000
  4. Kids in the SpotlightBurbank, CA

    Charitable purpose

    $30,000
  5. Temple Beth SholomTemecula, CA

    Educational programs

    $25,000
  6. University of VictoriaVictoria, Canada

    Charitable purpose

    $25,000
  7. Individual

    Charitable purpose

    $25,000
  8. Individual

    Charitable purpose

    $25,000
  9. Santa Fe Art InstituteSanta Fe, NM

    Educational programs

    $20,000
  10. Individual

    Educational programs

    $15,000
  11. Individual

    Charitable purpose

    $13,020
  12. SCV Senior CenterSanta Clarita, CA

    Charitable purpose

    $10,000
  13. Sooke Boxing ClubSooke, Canada

    Charitable purpose

    $10,000
  14. Individual

    Charitable purpose

    $10,000
  15. Individual

    Charitable purpose

    $10,000
  16. Individual

    Charitable purpose

    $10,000
  17. The Boys Girls ClubLos Angeles, CA

    Educational programs

    $5,000
  18. Individual

    Charitable purpose

    $5,000
  19. YMCAValencia, CA

    Charitable purpose

    $5,000
  20. Juju FoundationLas Vegas, NV

    Charitable purpose

    $5,000
  21. Individual

    Charitable purpose

    $5,000

Where the money goes

By cause: grants to organizations we matched to the IRS list of exempt organizations, by their category.

  1. Arts and culture1 grant $35,00041% of the total
  2. Youth development1 grant $30,00035% of the total
  3. Education1 grant $20,00024% of the total

By State

Grants to organizations with a US address, latest year.

  1. California7 grants $161,000
  2. New Mexico1 grant $20,000
  3. Nevada1 grant $5,000

Officers, directors and trustees

5 people as filed

As filed on the return, with average hours per week and pay from the foundation.

  • Nicholas TorokveiDirector Hours 30Pay $120,333
  • David GarelickSecretary Hours 4Pay $12,000
  • Brant Van HoffmanBOARD MEMBER Hours 1Pay $3,000
  • John L HartDirector Hours 4Pay $12,000
  • John BrooksBOARD MEMBER Hours 2Pay $6,000

The return

More foundations

Similar foundations

Same main cause (arts and culture), giving between a quarter and four times this foundation’s where possible, nearby first.

  1. Kasper and Siroon Hovannisian Family Cultural FoundationSherman Oaks, CA 2 grants Accepts applications $359,885 giving
  2. The Semel Charitable FoundationSherman Oaks, CA 4 grants Preselected only $210,000 giving
  3. Lauren and Richard King Charitable TrustSherman Oaks, CA 14 grants Preselected only $105,898 giving
  4. Ja Community FoundationOakland, CA 26 grants Preselected only $386,120 giving
  5. Hernan Lopez Family FoundationWest Hollywood, CA 15 grants Preselected only $385,500 giving