Frank F Khulusi & Mona C Khulusi Foundation
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.
Frank F Khulusi & Mona C Khulusi Foundation at a glance
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.
- Annual giving (2024)
- $2,000
- -60.0% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $2,000
- -60.0% vs 2023
- Median grant
- $2,000
- Total assets
- $440,750
- +14.4% vs 2023
- Primary geography
- California (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Frank F Khulusi & Mona C Khulusi Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was UCI Foundation ($2K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $2K (2024) to $8K (2020). In 2024 it made 1 grant totaling $2K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| UCI Foundation Irvine, CA | Education | $2,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $440,750 | $60,303 | $4,760 | $2,000 | 1 | $2,000 | $17,132 | $19,330 |
| 2023 | $385,207 | $55,618 | $7,525 | $5,000 | 1 | $5,000 | $12,662 | $16,830 |
| 2022 | $339,701 | $43,581 | $7,525 | $5,000 | 1 | $5,000 | $617 | $14,950 |
| 2021 | $303,645 | $49,006 | $2,461 | — | — | — | — | $13,778 |
| 2020 | $257,100 | $41,242 | $12,793 | $7,500 | 2 | — | — | $11,103 |
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.
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.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Frank F Khulusi & Mona C Khulusi Foundation funds
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