Kay Torshen Foundation

Private foundation · Grantmaker Miami, FL EIN: 20-1900191

Kay Torshen Foundation is a private foundation, based in Miami, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.2M in total assets. In 2024, it awarded 5 grants totaling $108K. Net investment income was $74K.

Key facts about Kay Torshen Foundation

In short: Kay Torshen Foundation gave $108K across 5 grants in 2024 (avg $22K), mostly in Florida. Source: 2024 IRS Form 990-PF.

EIN
20-1900191
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$108,000
Grants made (2024)
5
Average grant
$21,600
Median grant
$1,000
Total assets
$2,206,735
Primary geography
Florida (97% 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

$2.2M

-2.6% YoY

Annual Giving

$108K

-7.3% YoY

Grant Count

5

+66.7% YoY

Avg Grant Size

$22K

-44.4% YoY

Under IRS private-foundation payout rules, Kay Torshen Foundation reported a distributable amount of $109K for 2024 — the minimum it must pay out in qualifying distributions.

How Kay Torshen Foundation gives

  • Giving held roughly steady from 2021 to 2024 (−18%). Method
  • In 2024 it paid out 99% 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

4states

Share of 2024 grant dollars across all 5 itemized grants.

Cities

ChicagoNew YorkMiamiWashingtonCoral GablesEvanstonFrankfortMianiNew York City

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K24 grants2020 5 grants2021 12 grants2022 3 grants2023 5 grants2024

From 2020 to 2024, annual grant giving ranged from $100K (2022) to $131K (2021). In 2024 it made 5 grants totaling $108K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2024

Institute of Contemporary Art Miami Inc: $100KInstitute of Contemporary ArtMiami Inc$100KUniversity of Miami: $5KUniversity of Miami$5KChicago Council on Science & Technology: $1KChicago Council on Science &Technology$1KCouncil for Economic Education: $1KCouncil for Economic Education$1KFrancis W Parker Schiool: $1KFrancis W Parker Schiool$1K

The largest 2024 recipient was Institute of Contemporary Art Miami Inc ($100K). Together the top 5 received $108K.

Grant Size Distribution

49 grants across all recorded years

44<$50K3$50–100K2$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 44 grants of 49 (90%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Institute of Contemporary Art Miami Inc Miami, FLGeneral Operating Purposes$100,000
University of Miami Coral Gables, FLGeneral Operating Purposes$5,000
Chicago Council on Science & Technology Chicago, ILGeneral Operating Purposes$1,000
Council for Economic Education New York City, NYGeneral Operating Purposes$1,000
Francis W Parker Schiool Chicago, ILGeneral Operating Purposes$1,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$100K$200K$300K2020 2021 2022 2023 2024
Metric202420232022
Total Assets$2,206,735$2,266,460$2,319,590
Revenue$118,891$112,038$129,036
Expenses$172,652$196,369$113,549
Qualifying Distributions$108,000$116,500$101,963
Net Investment Income$74,020$22,221$56,884
Distributable Amount$109,124$100,607$109,149

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

Kay Torshen Foundation's 2024 filing lists 2 officers; none of the 2 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Jonathan Torshen

    Director

    On filings since 2020

    0.1 hrs/week

    No compensation reported

  • Kay Torshen

    Director

    On filings since 2020

    0.1 hrs/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 Kay Torshen Foundation

How much does Kay Torshen Foundation give each year?

Kay Torshen Foundation gave $108K across 5 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $117K across 3 grants.

What is Kay Torshen Foundation's typical grant size?

Kay Torshen Foundation's median grant in 2024 was $1,000, and its average grant was $21,600, across 5 grants on its 2024 IRS Form 990-PF.

Where does Kay Torshen Foundation give grants?

Kay Torshen Foundation gives mostly in Florida: 97% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Chicago, IL (2 grants).

Does Kay Torshen Foundation give general operating support?

Yes: 100% of Kay Torshen Foundation's 2024 grants with a stated purpose (5 of 5) were for general or operating support, per its 2024 IRS Form 990-PF.

Who are Kay Torshen Foundation's largest grantees?

Kay Torshen Foundation's largest 2024 grantees include Institute of Contemporary Art Miami Inc ($100,000), University of Miami ($5,000) and Chicago Council on Science & Technology ($1,000), according to its 2024 IRS Form 990-PF. Together they received 98% of its itemized 2024 grant dollars.

How large is Kay Torshen Foundation?

Kay Torshen Foundation reported $2.2M in total assets on its 2024 IRS Form 990-PF. It paid out $108K in qualifying distributions that year, against a required minimum of $109K (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.

What is Kay Torshen Foundation's EIN?

Kay Torshen Foundation's EIN (Employer Identification Number) is 20-1900191. 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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