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
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
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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
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 |
|---|---|---|---|
| RAJEEV AGARWAL | PRESIDENT & TREASURER | 2 | — |
| ARPITA AGARWAL | DIRECTOR | 2 | — |
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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