Excellence Initiative
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.
Key facts about Excellence Initiative
- EIN
- 83-1718168
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $1,330,000
- Grants made (2024)
- 3
- Average grant
- $443,333
- Median grant
- $125,000
- Total assets
- $89,096,810
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Excellence Initiative funds
None of its 3 grants with a stated purpose were described as general or operating support.
How Excellence Initiative gives
- In 2024 it paid out 95% 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.
Next steps with Excellence Initiative
- How to evaluate Excellence Initiative as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
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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
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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 | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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 recipients include Kabeer Excellence Foundation ($1,135,000), Foundation for Excellence ($125,000), Dr Shroff's Charity Eye Hospital ($70,000).
| Recipient | Purpose | Amount |
|---|---|---|
| KABEER EXCELLENCE FOUNDATION | TO SUPPORT UNDERPRIVILEGED VIA EDUCATION AND MEDICAL RELIEF | $1,135,000 |
| FOUNDATION FOR EXCELLENCE | TO SUPPORT UNDERPRIVILEGED VIA EDUCATION AND MEDICAL RELIEF | $125,000 |
| DR SHROFF'S CHARITY EYE HOSPITAL | TO SUPPORT EYE SERVICES FOR THE UNDERPRIVILEGED | $70,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS 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.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.