Kumar Foundation Inc

MIAMI BEACH, FL EIN: 86-3883444

Kumar Foundation Inc is a private foundation focused on Human Services, based in MIAMI BEACH, FL. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $2.0M in total assets. In 2024, it awarded 2 grants totaling $53K. Net investment income was $149K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$2.0M

+4.9% YoY

Annual Giving

$53K

-47.0% YoY

Grant Count

+100.0% YoY

Avg Grant Size

$27K

-73.5% YoY

Under IRS private-foundation payout rules, Kumar Foundation Inc reported a distributable amount of $161K for 2024 — the minimum it must pay out in qualifying distributions.

About Kumar Foundation Inc

Based on IRS filings

Focus Areas

Human Services

Ready to take the next step with Kumar Foundation Inc?

Assess fit for your org Draft an LOI Find open RFPs

Geographic Focus

Where this funder awards grants

Grant Distribution by State

Florida $103K (67%)

Ohio $50K (33%)

States

Florida Ohio

Cities

ClevelandMiami

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,997,805	$1,904,064	$1
Revenue	$148,915	$2,004,064	$1
Expenses	$55,174	$100,000	—
Qualifying Distributions	$53,000	$100,000	—
Net Investment Income	$148,915	$99,501	—
Distributable Amount	$160,664	$65,776	—

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Grant Size Distribution

3 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Mount Sinai Foundation ($50,000), Bold Beauty Project Disability ($3,000).

Recipient	Purpose	Amount
MOUNT SINAI FOUNDATION Cleveland, OH	SCIENTIFIC REASEARCH	$50,000
BOLD BEAUTY PROJECT DISABILITY Miami, FL	REDEFINE BEAUTY STANDARDS	$3,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
NITA KUMAR	PRESIDENT	1	—
VINOD KUMAR	SECRETARY	1	—
LISA KUMAR	TREASURER	1	—

Subject Areas

Focus areas based on grantmaking activity

Human Services

Frequently Asked Questions

What is Kumar Foundation Inc?

Kumar Foundation Inc is a private foundation focused on Human Services, based in MIAMI BEACH, FL. It holds $2.0M in total assets as of 2024.

How large is Kumar Foundation Inc?

As of 2024, Kumar Foundation Inc holds $2.0M in total assets with $149K in annual revenue. It awarded 2 grants totaling $53K in 2024.

Where does Kumar Foundation Inc operate?

Kumar Foundation Inc has awarded grants in Florida, Ohio.

What size grants does Kumar Foundation Inc award?

In 2024, Kumar Foundation Inc awarded 2 grants totaling $53K — an average of about $27K per grant, based on its IRS Form 990 filings.

How much is Kumar Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Kumar Foundation Inc reported a distributable amount of $161K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.