Akila and S Somasegar Family Foundation
SEATTLE, WA EIN: 46-4902242
Financial Overview
From 2024 IRS Form 990-PF
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
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Financial History
Multi-year comparison from IRS filings
Revenue
Expenses
Qualifying Distributions
Net Investment Income
| 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
No grants recorded for .
Who else does Akila and S Somasegar Family Foundation fund?
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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 | — | — |
Geographic Focus
Where this funder has awarded grants
Grant Distribution by State
Washington $249K (54%)
District of Columbia $166K (36%)
New York $22K (5%)
California $10K (2%)
Illinois $8K (2%)
Maryland $5K (1%)
Cities
ArcadiaBellevueChicagoCollege ParkFremontNew YorkSammamishSeattleWashington
Data last updated March 2026. Sourced from IRS Form 990-PF filings.
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