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.
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
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
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 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
Grant Size Distribution
38 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOLLY S SOMAIYA | PRESIDENT/DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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