Frank F Khulusi & Mona C Khulusi Foundation
Frank F Khulusi & Mona C Khulusi Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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 grants totaling $2K. Net investment income was $17K.
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.
About Frank F Khulusi & Mona C Khulusi Foundation
Based on IRS filings
Frank F Khulusi & Mona C Khulusi Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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 grants totaling $2K. Net investment income was $17K.
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 | $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 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include UCI Foundation ($2,000).
| Recipient | Purpose | Amount |
|---|---|---|
| UCI Foundation Irvine, CA | Education | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| FRANK F KHULUSI | TRUSTEE | 1 | — |
| MONA C KHULUSI | TRUSTEE | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Frank F Khulusi & Mona C Khulusi Foundation?
Frank F Khulusi & Mona C Khulusi Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MANHATTAN BEACH, CA. It holds $441K in total assets as of 2024.
How large is Frank F Khulusi & Mona C Khulusi Foundation?
As of 2024, Frank F Khulusi & Mona C Khulusi Foundation holds $441K in total assets with $60K in annual revenue. It awarded 1 grants totaling $2K in 2024.
Where does Frank F Khulusi & Mona C Khulusi Foundation operate?
Frank F Khulusi & Mona C Khulusi Foundation has awarded grants in California.
What size grants does Frank F Khulusi & Mona C Khulusi Foundation award?
In 2024, Frank F Khulusi & Mona C Khulusi Foundation awarded 1 grants totaling $2K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Frank F Khulusi & Mona C Khulusi Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Frank F Khulusi & Mona C Khulusi Foundation reported a distributable amount of $19K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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