Balakumar and Natalia Charitable

CHICAGO, IL EIN: 83-0898708

Balakumar and Natalia Charitable is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHICAGO, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $837K in total assets. In 2024, it awarded 3 grants totaling $23K. Net investment income was $22K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$837K

+36.6% YoY

Annual Giving

$23K

+12.5% YoY

Grant Count

+50.0% YoY

Avg Grant Size

$8K

-25.0% YoY

Under IRS private-foundation payout rules, Balakumar and Natalia Charitable reported a distributable amount of $31K for 2024 — the minimum it must pay out in qualifying distributions.

About Balakumar and Natalia Charitable

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Illinois $54K (68%)

Iowa $25K (32%)

States

Iowa Illinois

Cities

ChicagoIowa CityOak Brook

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$837,142	$613,055	$484,765
Revenue	$248,987	$150,290	$200,092
Expenses	$24,900	$22,000	$2,299
Qualifying Distributions	$22,525	$20,025	$25
Net Investment Income	$21,612	—	—
Distributable Amount	$30,958	$24,006	$14,493

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

Grant Size Distribution

7 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Greater Chicago Food Depository ($10,000), Hand in Hand Usa ($10,000), Bookwallah Organization ($2,500).

Recipient	Purpose	Amount
GREATER CHICAGO FOOD DEPOSITORY CHICAGO, IL	GENERAL PURPOSES	$10,000
HAND IN HAND USA OAK BROOK, IL	GENERAL PURPOSES	$10,000
BOOKWALLAH ORGANIZATION CHICAGO, IL	GENERAL PURPOSES	$2,500

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
BALAKUMAR RAGOTHAMAN	PRES/TREAS/DIR	0.25	—
NATALIA V HENNER	VP & DIRECTOR	—	—
LOUIS S HARRISON	SEC & DIRECTOR	—	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Balakumar and Natalia Charitable?

Balakumar and Natalia Charitable is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHICAGO, IL. It holds $837K in total assets as of 2024.

How large is Balakumar and Natalia Charitable?

As of 2024, Balakumar and Natalia Charitable holds $837K in total assets with $249K in annual revenue. It awarded 3 grants totaling $23K in 2024.

Where does Balakumar and Natalia Charitable operate?

Balakumar and Natalia Charitable has awarded grants in Iowa, Illinois.

What size grants does Balakumar and Natalia Charitable award?

In 2024, Balakumar and Natalia Charitable awarded 3 grants totaling $23K — an average of about $8K per grant, based on its IRS Form 990 filings.

How much is Balakumar and Natalia Charitable required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Balakumar and Natalia Charitable reported a distributable amount of $31K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

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 2020–2024.