Excellence Initiative is a private foundation focused on Arts, Culture & Humanities, based in REDMOND, WA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $89.1M in total assets. In 2024, it awarded 3 grants totaling $1.3M. Net investment income was $6.9M.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$89.1M
+25.4% YoY
Annual Giving
$1.3M
+692.8% YoY
Grant Count
3
+0.0% YoY
Avg Grant Size
$443K
+692.8% YoY
Under IRS private-foundation payout rules, Excellence Initiative reported a distributable amount of $3.5M for 2024 — the minimum it must pay out in qualifying distributions.
About Excellence Initiative
Based on IRS filings
Excellence Initiative is a private foundation focused on Arts, Culture & Humanities, based in REDMOND, WA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $89.1M in total assets. In 2024, it awarded 3 grants totaling $1.3M. Net investment income was $6.9M.
Focus Areas
Ready to take the next step with Excellence Initiative?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $89,096,810 | $71,038,071 | $53,595,801 |
| Revenue | $19,137,359 | $16,459,465 | $31,548,998 |
| Expenses | $1,527,838 | $200,170 | $245,281 |
| Qualifying Distributions | $3,356,233 | $3,418,273 | — |
| Net Investment Income | $6,880,508 | $4,456,004 | $393,584 |
| Distributable Amount | $3,546,745 | $2,753,722 | — |
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
6 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Kabeer Excellence Foundation ($1,135,000), Foundation for Excellence ($125,000), Dr Shroff's Charity Eye Hospital ($70,000).
| Recipient | Purpose | Amount |
|---|---|---|
| DR SHROFF'S CHARITY EYE HOSPITAL | TO SUPPORT EYE SERVICES FOR THE UNDERPRIVILEGED | $70,000 |
| FOUNDATION FOR EXCELLENCE | TO SUPPORT UNDERPRIVILEGED VIA EDUCATION AND MEDICAL RELIEF | $125,000 |
| KABEER EXCELLENCE FOUNDATION | TO SUPPORT UNDERPRIVILEGED VIA EDUCATION AND MEDICAL RELIEF | $1,135,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RAJEEV AGARWAL | PRESIDENT & TREASURER | 2 | — |
| ARPITA AGARWAL | DIRECTOR | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Excellence Initiative?
Excellence Initiative is a private foundation focused on Arts, Culture & Humanities, based in REDMOND, WA. It holds $89.1M in total assets as of 2024.
How large is Excellence Initiative?
As of 2024, Excellence Initiative holds $89.1M in total assets with $19.1M in annual revenue. It awarded 3 grants totaling $1.3M in 2024.
Where does Excellence Initiative operate?
Excellence Initiative has awarded grants in Texas.
What size grants does Excellence Initiative award?
In 2024, Excellence Initiative awarded 3 grants totaling $1.3M — an average of about $443K per grant, based on its IRS Form 990 filings.
How much is Excellence Initiative required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Excellence Initiative reported a distributable amount of $3.5M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Excellence Initiative's EIN?
Excellence Initiative's EIN (Employer Identification Number) is 83-1718168. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Excellence Initiative's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
United Way of the Capital Region
ENOLA, PA
Assets
$30.6M
Grants
67
Total Given
$1.0M
The Foundation for Enhancing Communities
HARRISBURG, PA
Assets
$142.0M
Grants
265
Total Given
$7.3M
Morgan Stanley Global Impact Funding Trust Inc
INDIANAPOLIS, IN
Assets
$9.1B
Grants
19,253
Total Given
$1.2B
Vanguard Charitable Endowment Program
SOUTHEASTERN, PA
Assets
$22.2B
Grants
24,269
Total Given
$3.0B
Seattle Foundation
SEATTLE, WA
Assets
$1.4B
Grants
5,379
Total Given
$177.9M
Gates Foundation
SEATTLE, WA
Assets
$78.7B
Grants
4,974
Total Given
$6.3B
M J Murdock Charitable Trust
VANCOUVER, WA
Assets
$2.0B
Grants
797
Total Given
$116.6M
Artsfund
SEATTLE, WA
Assets
$7.4M
Grants
624
Total Given
$12.2M
The Avista Foundation
SPOKANE, WA
Assets
$11.9M
Grants
607
Total Given
$2.0M
The Norcliffe Foundation
SEATTLE, WA
Assets
$22.5M
Grants
586
Total Given
$40.5M
Scholar Fund
SEATTLE, WA
Assets
$5.2M
Grants
535
Total Given
$23.1M
The Roots and Wings Foundation Inc
SEATTLE, WA
Assets
$611.8M
Grants
518
Total Given
$66.6M
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Excellence Initiative on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching Excellence Initiative to a real strategy.