Akila and S Somasegar Family Foundation
Akila and S Somasegar Family Foundation is a private foundation, 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.
Akila and S Somasegar Family Foundation at a glance
In short: Akila and S Somasegar Family Foundation gave $132K across 7 grants in 2024 (avg $19K), top state Washington. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $131,953
- +43.2% vs 2023
- Grants made (2024)
- 7
- +40.0% vs 2023
- Average grant
- $18,850
- +2.3% vs 2023
- Median grant
- $10,000
- Total assets
- $544,771
- -18.7% vs 2023
- Primary geography
- Washington (39% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Akila and S Somasegar Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
The largest 2024 recipient was YMCA Seattle King Snohomish County ($50K). Together the top 7 received $132K.
Grant Size Distribution
30 grants across all recorded years
The most common grant size was under $50K: 27 grants of 30 (90%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 7 itemized grants.
Cities
How Akila and S Somasegar Family Foundation gives
- Giving held roughly steady from 2021 to 2024 (−3%). Method
- In 2024 it paid out 49% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $20K (2022) to $136K (2021). In 2024 it made 7 grants totaling $132K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| YMCA Seattle King Snohomish County Seattle, WA | For Exempt Purposes | $50,000 |
| United Nations Foundation Washington, DC | For Exempt Purposes | $35,253 |
| Non-Traditional Employment for Women New York, NY | For Exempt Purposes | $22,200 |
| Transal JLF Seattle | For Exempt Purposes | $10,000 |
| Key International Foundation Chicago, IL | For Exempt Purposes | $8,000 |
| Association for Indias Development Inc College Park, MD | For Exempt Purposes | $5,000 |
| Seattle Art Museum Seattle, WA | For Exempt Purposes | $1,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $544,771 | $-10,045 | $139,078 | $131,953 | 7 | $135,515 | $32,758 | $274,277 |
| 2023 | $669,962 | $2,808,822 | $97,079 | $92,150 | 5 | $94,605 | $194,937 | $178,364 |
| 2022 | $328,319 | $6,440 | $26,438 | $20,000 | 2 | $23,219 | — | $30,177 |
| 2021 | $343,317 | $42,558 | $137,982 | $136,266 | 7 | $137,124 | $39,984 | $54,374 |
| 2020 | $368,667 | $2,105 | $91,370 | $90,370 | 9 | — | $605 | $45,092 |
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.
Leadership & Key People
Officers and directors from IRS filings
Akila and S Somasegar Family Foundation is led by Akila Somasegar, President on every filing since 2020; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Akila Somasegar
President
On filings since 2020
No compensation reported
Sivaramakichenane Somasegar
Vice President
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Akila and S Somasegar Family Foundation
How much does Akila and S Somasegar Family Foundation give each year?
Akila and S Somasegar Family Foundation gave $132K across 7 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $92K across 5 grants.
What is Akila and S Somasegar Family Foundation's typical grant size?
Akila and S Somasegar Family Foundation's median grant in 2024 was $10,000, and its average grant was $18,850, across 7 grants on its 2024 IRS Form 990-PF.
Where does Akila and S Somasegar Family Foundation give grants?
Akila and S Somasegar Family Foundation's top state is Washington, with 39% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were District of Columbia (27%) and New York (17%). The most frequent recipient cities were Seattle, WA (2 grants).
Who are Akila and S Somasegar Family Foundation's largest grantees?
Akila and S Somasegar Family Foundation's largest 2024 grantees include YMCA Seattle King Snohomish County ($50,000), United Nations Foundation ($35,253) and Non-Traditional Employment for Women ($22,200), according to its 2024 IRS Form 990-PF. Together they received 81% of its itemized 2024 grant dollars.
How large is Akila and S Somasegar Family Foundation?
Akila and S Somasegar Family Foundation reported $545K in total assets on its 2024 IRS Form 990-PF. It paid out $136K in qualifying distributions that year, against a required minimum of $274K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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