Akila and S Somasegar Family Foundation
Akila and S Somasegar Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SEATTLE, WA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $545K in total assets. In 2024, it awarded 7 grants totaling $132K. Net investment income was $33K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$545K
-18.7% YoY
Annual Giving
$132K
+43.2% YoY
Grant Count
7
+40.0% YoY
Avg Grant Size
$19K
+2.3% YoY
Under IRS private-foundation payout rules, Akila and S Somasegar Family Foundation reported a distributable amount of $274K for 2024 — the minimum it must pay out in qualifying distributions.
About Akila and S Somasegar Family Foundation
Based on IRS filings
Akila and S Somasegar Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SEATTLE, WA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $545K in total assets. In 2024, it awarded 7 grants totaling $132K. Net investment income was $33K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $544,771 | $669,962 | $328,319 |
| Revenue | $-10,045 | $2,808,822 | $6,440 |
| Expenses | $139,078 | $97,079 | $26,438 |
| Qualifying Distributions | $135,515 | $94,605 | $23,219 |
| Net Investment Income | $32,758 | $194,937 | — |
| Distributable Amount | $274,277 | $178,364 | $30,177 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
30 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Ymca Seattle King Snohomish County ($50,000), United Nations Foundation ($35,253), Non-traditional Employment for Women ($22,200).
| Recipient | Purpose | Amount |
|---|---|---|
| UNITED NATIONS FOUNDATION WASHINGTON, DC | FOR EXEMPT PURPOSES | $35,253 |
| YMCA SEATTLE KING SNOHOMISH COUNTY SEATTLE, WA | FOR EXEMPT PURPOSES | $50,000 |
| ASSOCIATION FOR INDIAS DEVELOPMENT INC COLLEGE PARK, MD | FOR EXEMPT PURPOSES | $5,000 |
| NON-TRADITIONAL EMPLOYMENT FOR WOMEN NEW YORK, NY | FOR EXEMPT PURPOSES | $22,200 |
| SEATTLE ART MUSEUM SEATTLE, WA | FOR EXEMPT PURPOSES | $1,500 |
| TRANSAL JLF SEATTLE | FOR EXEMPT PURPOSES | $10,000 |
| KEY INTERNATIONAL FOUNDATION CHICAGO, IL | FOR EXEMPT PURPOSES | $8,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| AKILA SOMASEGAR | PRESIDENT | — | — |
| SIVARAMAKICHENANE SOMASEGAR | VICE PRESIDENT | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Akila and S Somasegar Family Foundation?
Akila and S Somasegar Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SEATTLE, WA. It holds $545K in total assets as of 2024.
How large is Akila and S Somasegar Family Foundation?
As of 2024, Akila and S Somasegar Family Foundation holds $545K in total assets with $-10,045 in annual revenue. It awarded 7 grants totaling $132K in 2024.
Where does Akila and S Somasegar Family Foundation operate?
Akila and S Somasegar Family Foundation has awarded grants in California, District of Columbia, Illinois, Maryland, New York, Washington.
What size grants does Akila and S Somasegar Family Foundation award?
In 2024, Akila and S Somasegar Family Foundation awarded 7 grants totaling $132K — an average of about $19K per grant, based on its IRS Form 990 filings.
How much is Akila and S Somasegar Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Akila and S Somasegar Family Foundation reported a distributable amount of $274K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Akila and S Somasegar Family Foundation's EIN?
Akila and S Somasegar Family Foundation's EIN (Employer Identification Number) is 46-4902242. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Akila and S Somasegar Family Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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