Balakumar and Natalia Charitable
Balakumar and Natalia Charitable is a private foundation, based in Chicago, IL. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $1.1M in total assets. In 2025, it awarded 2 grants totaling $34K. Net investment income was $22K.
Key facts about Balakumar and Natalia Charitable
In short: Balakumar and Natalia Charitable gave $34K across 2 grants in 2025 (avg $17K), mostly in Illinois. Source: 2025 IRS Form 990-PF.
- EIN
- 83-0898708
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $33,715
- Grants made (2025)
- 2
- Average grant
- $16,858
- Median grant
- $16,858
- Total assets
- $1,087,171
- Primary geography
- Illinois (100% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$1.1M
+29.9% YoY
Annual Giving
$34K
+49.8% YoY
Grant Count
2
-33.3% YoY
Avg Grant Size
$17K
+124.8% YoY
Under IRS private-foundation payout rules, Balakumar and Natalia Charitable reported a distributable amount of $41K for 2025 — the minimum it must pay out in qualifying distributions.
How Balakumar and Natalia Charitable gives
- In 2025 it paid out 83% 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.
Ready to take the next step with Balakumar and Natalia Charitable?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $6K (2019) to $34K (2025). In 2025 it made 2 grants totaling $34K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was MCA Chicago (Museum of Contemporary Art) - Event for Healthcare ($19K). Together the top 2 received $34K.
Grant Size Distribution
8 grants across all recorded years
The most common grant size was under $50K: 8 grants of 8 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| MCA Chicago (Museum of Contemporary Art) - Event for Healthcare Chicago, IL | General Purposes | $18,715 |
| Greater Chicago Food Depository Chicago, IL | General Purposes | $15,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $1,087,171 | $837,142 | $613,055 |
| Revenue | $287,144 | $248,987 | $150,290 |
| Expenses | $37,115 | $24,900 | $22,000 |
| Qualifying Distributions | $33,740 | $22,525 | $20,025 |
| Net Investment Income | $22,068 | $21,612 | — |
| Distributable Amount | $40,603 | $30,958 | $24,006 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS August 25, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 6, 2026)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Balakumar and Natalia Charitable is led by Balakumar Ragothaman, President, Treasurer & Director on every filing since 2019; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Balakumar Ragothaman
President, Treasurer & Director
On filings since 2019
0.3 hrs/week
No compensation reported
Louis S. Harrison
Secretary & Director
On filings since 2019
No compensation reported
Natalia V. Henner
Vice President & Director
On filings since 2019
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "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 Balakumar and Natalia Charitable
How much does Balakumar and Natalia Charitable give each year?
Balakumar and Natalia Charitable gave $34K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $23K across 3 grants.
How large is Balakumar and Natalia Charitable?
Balakumar and Natalia Charitable reported $1.1M in total assets on its 2025 IRS Form 990-PF. It paid out $34K in qualifying distributions that year, against a required minimum of $41K (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.
Where does Balakumar and Natalia Charitable operate?
Balakumar and Natalia Charitable has awarded grants in Iowa, Illinois.
What is Balakumar and Natalia Charitable's EIN?
Balakumar and Natalia Charitable's EIN (Employer Identification Number) is 83-0898708. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching Balakumar and Natalia Charitable by hand.
Explore Open Grants
Browse active grant opportunities in Balakumar and Natalia Charitable's focus areas in our free grants database
Similar Funders
Funders with grantees in common, and similar funders in Illinois
The Chicago Community Trust
Chicago, IL
The Chicago Community Trust funds nonprofits addressing economic mobility, wealth gaps, and urgent community needs, with priorities including homeownership, small businesses, education, quality jobs, and investment in underinvested communities. Its 2025 itemized grants had a median of $26,500, though awards vary widely; grants generally benefit Chicago-region residents, and the Trust directs applicants to open opportunities but does not state whether it accepts unsolicited requests.
Assets
$7.1B
Grants
4,316
Total Given
$1.2B
Motorola Solutions Foundation
Chicago, IL
The Motorola Solutions Foundation funds first responder programs, technology and engineering education, and projects combining the two, with priority for under-resourced populations. Its 2025 grants had a median of $35,000; the 2026 cycle capped most requests at $50,000, and it supports organizations worldwide, prioritizing communities where Motorola Solutions operates and universities it recruits from. It accepts unsolicited letters of inquiry during its grant cycle, with full applications by invitation only.
Assets
$1.2M
Grants
213
Total Given
$12.6M
AbbVie Foundation
North Chicago, IL
The AbbVie Foundation funds health equity, access to care, cancer care, and community-led health solutions through partnerships and local programs, supporting communities worldwide. Its 2025 grants ranged from $8,000 to $15 million, with a median of $25,000. It says it funds only preselected organizations and does not accept unsolicited requests; a separate Health Equity Accelerator is listed as encouraging applications, but its application details are not specified.
Assets
$265.6M
Grants
65
Total Given
$47.1M
Dr Scholl Foundation
Northbrook, IL
The Dr. Scholl Foundation funds eligible nonprofits working in education, social services, healthcare, civic and cultural activities, and the environment, primarily in the United States; overseas requests may be considered when a board member knows the applicant. Grants typically average $5,000–$25,000, though awards vary widely, and the foundation accepts requests through an LOI process, with full applications by invitation.
Assets
$211.9M
Grants
410
Total Given
$8.9M
United Way of Metropolitan Chicago Inc
Chicago, IL
United Way of Metropolitan Chicago funds nonprofit work on basic needs and community-led efforts, including healthcare, housing, food assistance, early learning, safety, legal services, and workforce development across greater Chicago and the surrounding region. Its 2025 grants ranged from $5,002 to $2,038,325, with a median of $25,000; the current Impact Grants cycle is closed to new applicants and limited to current partners, and the BridgeBuilders application is also closed.
Assets
$48.8M
Grants
331
Total Given
$22.8M
Grand Victoria Foundation
Chicago, IL
Grand Victoria Foundation funds community power-building and systemic racial justice work, especially Black-led efforts and organizations accountable to Black communities and other communities of color. It focuses on Illinois and gave a median grant of $25,000 in 2024, with awards ranging from $300 to $555,150. It accepts requests through a Letter of Inquiry when the process is open, but says it is paused until October 2026.
Assets
$180.9M
Grants
114
Total Given
$6.5M
Modestus Bauer Foundation
Chicago, IL
The Modestus Bauer Foundation supports a broad range of charitable organizations, including health, food access, education, and arts groups, with most of its giving going to Illinois. Its 2025 grants ranged from $500 to $101,600, with a median of $5,000; it gives only to preselected organizations and does not accept unsolicited requests.
Assets
$11.8M
Grants
136
Total Given
$1.0M
The Allstate Foundation
Northbrook, IL
The Allstate Foundation funds youth empowerment, efforts to prevent and address relationship abuse, nonprofit leadership, and related economic opportunity and equity work. Its 2024 grants ranged from $250 to $2 million, with a median of $1,000, and awards must support work in the United States. It accepts proposals from organizations beyond a preselected list; proposals are reviewed as received.
Assets
$89.3M
Grants
2,010
Total Given
$38.0M
Elks National Foundation Inc
Chicago, IL
The Elks National Foundation funds scholarships, youth programs, veterans services, disaster relief, and community projects, primarily through Elks Lodges and state associations in communities across the United States where Elks live and work. Its 2025 grants had a median of $8,500, though amounts varied widely; the listed Beacon and Freedom Grants are limited to Elks Lodges. The profile does not state whether it accepts unsolicited requests.
Assets
$954.1M
Grants
1,536
Total Given
$36.5M
John D and Catherine T Macarthur Foundation
Chicago, IL
The foundation funds a broad range of work, including journalism, arts, Chicago communities, climate and clean energy, homelessness, human rights, and criminal justice reform. Its 2024 grants had a median of $160,000, with awards ranging from $450 to $21 million; funding is nationwide, with the largest shares going to New York, Illinois, and Washington, D.C. Application rules vary by program: some accept self-nominations or Letters of Inquiry, while others generally do not fund unsolicited proposals.
Assets
$9.3B
Grants
1,086
Total Given
$356.1M
Arie and Ida Crown Memorial
Chicago, IL
Arie and Ida Crown Memorial supports a broad range of organizations, including education, Jewish organizations, and community foundations. Its 2024 grants ranged from $500 to $3 million, with a median of $55,000; 55% of grant dollars went to Illinois, with additional funding in New York, Washington, DC, California, and Minnesota. The profile does not state whether it accepts unsolicited requests.
Assets
$1.4B
Grants
897
Total Given
$115.2M
More Funders in Illinois
Balakumar and Natalia Charitable down — hundreds of funders to go?