Yas Foundation Inc

Yas Foundation Inc is a U.S. nonprofit organization, classified as a 501(c)(3) entity, specializing in philanthropic activities within realms such as education, culture, science, and humanities. The foundation operates primarily as a private grantmaking organization focused on supporting educational scholarships, professorships, and medical research initiatives[1][2].

Founding and Mission

The Yas Foundation was founded by Dr. Rouzbeh Yassini-Fard, a technology entrepreneur and philanthropist who aims to promote global advancement through educational and cultural initiatives. The foundation aligns its philanthropy with four core pillars, emphasizing support for education, cultural awareness, medical research, and scholarships that foster positive impacts worldwide[2][3].

Philanthropic Activities

The foundation primarily provides charitable contributions by invitation only, supporting organizations and individuals that align with its mission and goals. These contributions include grants for general operating costs, projects, and capital support, but it does not typically fund endowments. The foundation seeks to bridge cultural divides by promoting values originating from ancient civilizations, particularly those from Persia, which have contributed significantly to modern world advancements[2][3].

Financial Profile

The foundation's financial reports indicate that it primarily relies on contributions for revenue, with a significant portion dedicated to charitable disbursements. As of recent reports, the total assets of the Yas Foundation stood at approximately $316,912, with no liabilities listed[1].

Governance

Key officers of the foundation include Paymaneh Yassini Fard as President/Director, Rouzbeh Yassini-Fard as Treasurer/Director, and Alfred C Torrisi as Clerk/Director. Notably, none of these officers receive compensation for their roles, reflecting the organization's focus on charitable objectives[1].