Kay Torshen Foundation
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.
Kay Torshen Foundation at a glance
In short: Kay Torshen Foundation gave $108K across 5 grants in 2024 (avg $22K), mostly in Florida. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $108,000
- -7.3% vs 2023
- Grants made (2024)
- 5
- +66.7% vs 2023
- Average grant
- $21,600
- -44.4% vs 2023
- Median grant
- $1,000
- Total assets
- $2,206,735
- -2.6% vs 2023
- Primary geography
- Florida (97% 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 Kay Torshen Foundation funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
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
The most common grant size was under $50K: 44 grants of 49 (90%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 5 itemized grants.
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $100K (2022) to $131K (2021). In 2024 it made 5 grants totaling $108K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Institute of Contemporary Art Miami Inc Miami, FL | General Operating Purposes | $100,000 |
| University of Miami Coral Gables, FL | General Operating Purposes | $5,000 |
| Chicago Council on Science & Technology Chicago, IL | General Operating Purposes | $1,000 |
| Council for Economic Education New York City, NY | General Operating Purposes | $1,000 |
| Francis W Parker Schiool Chicago, IL | General Operating Purposes | $1,000 |
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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 | $2,206,735 | $118,891 | $172,652 | $108,000 | 5 | $108,000 | $74,020 | $109,124 |
| 2023 | $2,266,460 | $112,038 | $196,369 | $116,500 | 3 | $116,500 | $22,221 | $100,607 |
| 2022 | $2,319,590 | $129,036 | $113,549 | $99,500 | 12 | $101,963 | $56,884 | $109,149 |
| 2021 | $2,324,779 | $28,480 | $134,299 | $131,000 | 5 | $131,024 | $28,516 | $118,116 |
| 2020 | $2,399,097 | $168,935 | $140,375 | $130,036 | 24 | — | $164,331 | $118,820 |
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.
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.
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 Kay Torshen Foundation funds
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