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
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
No grants recorded for .
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
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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