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.
Balakumar and Natalia Charitable at a glance
In short: Balakumar and Natalia Charitable gave $34K across 2 grants in 2025 (avg $17K), mostly in Illinois. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $33,715
- +49.8% vs 2024
- Grants made (2025)
- 2
- -33.3% vs 2024
- Average grant
- $16,858
- +124.8% vs 2024
- Median grant
- $16,858
- Total assets
- $1,087,171
- +29.9% vs 2024
- Primary geography
- Illinois (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Balakumar and Natalia Charitable funds
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%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
Cities
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.
Giving History
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.
Grants by year
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 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $1,087,171 | $287,144 | $37,115 | $33,715 | 2 | $33,740 | $22,068 | $40,603 |
| 2024 | $837,142 | $248,987 | $24,900 | $22,500 | 3 | $22,525 | $21,612 | $30,958 |
| 2023 | $613,055 | $150,290 | $22,000 | $20,000 | 2 | $20,025 | — | $24,006 |
| 2022 | $484,765 | $200,092 | $2,299 | — | — | $25 | — | $14,493 |
| 2021 | $286,972 | $200,020 | $26,600 | $25,000 | 1 | $25,025 | — | $5,915 |
| 2020 | $113,552 | $75,002 | $12,650 | $11,000 | 1 | — | — | $2,233 |
| 2019 | $51,200 | $61,500 | $10,300 | $5,500 | 1 | — | — | $394 |
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.
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.
Data update history
(3)
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
Live grants for the work Balakumar and Natalia Charitable funds
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