Frank F Khulusi & Mona C Khulusi Foundation

Private foundation · Grantmaker Manhattan Beach, CA EIN: 81-6994897

Frank F Khulusi & Mona C Khulusi Foundation is a private foundation, based in Manhattan Beach, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $441K in total assets. In 2024, it awarded 1 grant totaling $2K. Net investment income was $17K.

Key facts about Frank F Khulusi & Mona C Khulusi Foundation

In short: Frank F Khulusi & Mona C Khulusi Foundation gave $2K across 1 grant in 2024 (avg $2K), mostly in California. Source: 2024 IRS Form 990-PF.

EIN
81-6994897
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$2,000
Grants made (2024)
1
Average grant
$2,000
Median grant
$2,000
Total assets
$440,750
Primary geography
California (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$441K

+14.4% YoY

Annual Giving

$2K

-60.0% YoY

Grant Count

1

+0.0% YoY

Avg Grant Size

$2K

-60.0% YoY

Under IRS private-foundation payout rules, Frank F Khulusi & Mona C Khulusi Foundation reported a distributable amount of $19K for 2024 — the minimum it must pay out in qualifying distributions.

How Frank F Khulusi & Mona C Khulusi Foundation gives

  • In 2024 it paid out 10% 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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of the 2024 grant dollars on its one itemized grant.

States

Cities

Los AngelesIrvine

Giving Over Time

Total grant dollars and number of grants per year

$0$2K$4K$6K$8K2 grants2020 0 grants2021 1 grant2022 1 grant2023 1 grant2024

From 2020 to 2024, annual grant giving ranged from $2K (2024) to $8K (2020). In 2024 it made 1 grant totaling $2K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top recipient in 2024

UCI Foundation: $2KUCI Foundation$2K

The largest 2024 recipient was UCI Foundation ($2K).

Grant Size Distribution

5 grants across all recorded years

5<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 5 grants of 5 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
UCI Foundation Irvine, CAEducation$2,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$20K$40K$60K$80K2020 2021 2022 2023 2024
Metric202420232022
Total Assets$440,750$385,207$339,701
Revenue$60,303$55,618$43,581
Expenses$4,760$7,525$7,525
Qualifying Distributions$2,000$5,000$5,000
Net Investment Income$17,132$12,662$617
Distributable Amount$19,330$16,830$14,950

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Frank F Khulusi & Mona C Khulusi Foundation's 2024 filing lists 2 officers; none of the 2 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Frank F. Khulusi

    Trustee

    On filings since 2020

    1 hr/week

    No compensation reported

  • Mona C. Khulusi

    Trustee

    On filings since 2020

    1 hr/week

    No compensation reported

Data from IRS Form 990 filings, 2020–2024. "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 Frank F Khulusi & Mona C Khulusi Foundation

How much does Frank F Khulusi & Mona C Khulusi Foundation give each year?

Frank F Khulusi & Mona C Khulusi Foundation gave $2K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $5K across 1 grant.

How large is Frank F Khulusi & Mona C Khulusi Foundation?

Frank F Khulusi & Mona C Khulusi Foundation reported $441K in total assets on its 2024 IRS Form 990-PF. It paid out $2K in qualifying distributions that year, against a required minimum of $19K (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 Frank F Khulusi & Mona C Khulusi Foundation operate?

Frank F Khulusi & Mona C Khulusi Foundation has awarded grants in California.

What is Frank F Khulusi & Mona C Khulusi Foundation's EIN?

Frank F Khulusi & Mona C Khulusi Foundation's EIN (Employer Identification Number) is 81-6994897. IRS Form 990 filing data is available on this page for 2020–2024.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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