Somaiya Family Foundation
Somaiya Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Miami Beach, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $12.6M in total assets. In 2024, it awarded 9 grants totaling $1.1M. Net investment income was $514K.
Key facts about Somaiya Family Foundation
- EIN
- 84-4003529
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $1,130,812
- Grants made (2024)
- 9
- Average grant
- $125,646
- Median grant
- $114,082
- Total assets
- $12,619,859
- Primary geography
- Florida (82% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Somaiya Family Foundation funds
By grant dollars, the top recipient states for Somaiya Family Foundation's 9 itemized 2024 grants were Florida (82%) and Maryland (18%). The most frequent recipient cities were Orlando, FL (5 grants) and New York, NY (2 grants). 89% of grants with a stated purpose were for general or operating support.
How Somaiya Family Foundation gives
- Giving grew 145% from 2021 to 2024. Method
- In 2024 it paid out 149% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with Somaiya Family Foundation
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$12.6M
-1.7% YoY
Annual Giving
$1.1M
+93.6% YoY
Grant Count
9
+125.0% YoY
Avg Grant Size
$126K
-13.9% YoY
Under IRS private-foundation payout rules, Somaiya Family Foundation reported a distributable amount of $763K for 2024 — the minimum it must pay out in qualifying distributions.
About Somaiya Family Foundation
Based on IRS filings
Somaiya Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Miami Beach, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $12.6M in total assets. In 2024, it awarded 9 grants totaling $1.1M. Net investment income was $514K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 9 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $12,619,859 | $12,836,356 | $12,819,986 |
| Revenue | $602,303 | $525,732 | $13,708 |
| Expenses | $1,223,297 | $716,621 | $1,072,604 |
| Qualifying Distributions | $1,134,586 | $593,399 | $968,842 |
| Net Investment Income | $513,592 | $403,510 | $205,535 |
| Distributable Amount | $762,650 | $676,219 | $720,325 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
38 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Schwab Charitable Fund ($823,707 across 5 grants), Children's Inn at Nih ($200,000), Miami University Health System ($100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| SCHWAB CHARITABLE FUND Orlando, FL | GENERAL OPERATING SUPPORT | $338,920 |
| CHILDREN'S INN AT NIH Bethesda, MD | GENERAL OPERATING SUPPORT | $200,000 |
| SCHWAB CHARITABLE FUND Orlando, FL | GENERAL OPERATING SUPPORT | $141,900 |
| SCHWAB CHARITABLE FUND Orlando, FL | GENERAL OPERATING SUPPORT | $138,831 |
| SCHWAB CHARITABLE FUND Orlando, FL | GENERAL OPERATING SUPPORT | $114,082 |
| MIAMI UNIVERSITY HEALTH SYSTEM Miami, FL | DESAI SETHI MEDICAL CENTER | $100,000 |
| SCHWAB CHARITABLE FUND Orlando, FL | GENERAL OPERATING SUPPORT | $89,974 |
| ASCEND FOUNDATION New York, NY | GENERAL OPERATING SUPPORT | $3,605 |
| GIRLS INC OF NEW YORK CITY New York, NY | GENERAL OPERATING SUPPORT | $3,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Jolly S Somaiya | President/Director | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Somaiya Family Foundation?
Somaiya Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Miami Beach, FL. It holds $12.6M in total assets as of 2024.
How large is Somaiya Family Foundation?
As of 2024, Somaiya Family Foundation holds $12.6M in total assets with $602K in annual revenue. It awarded 9 grants totaling $1.1M in 2024.
Where does Somaiya Family Foundation operate?
Somaiya Family Foundation has awarded grants in Florida, Indiana, Maryland, New York, Oregon, Pennsylvania, Tennessee, Texas, Virginia.
What size grants does Somaiya Family Foundation award?
In 2024, Somaiya Family Foundation awarded 9 grants totaling $1.1M — an average of about $126K per grant, based on its IRS Form 990 filings.
How much is Somaiya Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Somaiya Family Foundation reported a distributable amount of $763K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Somaiya Family Foundation's EIN?
Somaiya Family Foundation's EIN (Employer Identification Number) is 84-4003529. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.