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
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
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
Among its reported 2024 grants, the largest include Schwab Charitable Fund ($338,920), Children's Inn at Nih ($200,000), Schwab Charitable Fund ($141,900).
| Recipient | Purpose | Amount |
|---|---|---|
| CHILDREN'S INN AT NIH BETHESDA, MD | GENERAL OPERATING SUPPORT | $200,000 |
| GIRLS INC OF NEW YORK CITY NEW YORK, NY | GENERAL OPERATING SUPPORT | $3,500 |
| SCHWAB CHARITABLE FUND ORLANDO, FL | GENERAL OPERATING SUPPORT | $338,920 |
| SCHWAB CHARITABLE FUND ORLANDO, FL | GENERAL OPERATING SUPPORT | $89,974 |
| SCHWAB CHARITABLE FUND ORLANDO, FL | GENERAL OPERATING SUPPORT | $138,831 |
| SCHWAB CHARITABLE FUND ORLANDO, FL | GENERAL OPERATING SUPPORT | $114,082 |
| SCHWAB CHARITABLE FUND ORLANDO, FL | GENERAL OPERATING SUPPORT | $141,900 |
| ASCEND FOUNDATION NEW YORK, NY | GENERAL OPERATING SUPPORT | $3,605 |
| MIAMI UNIVERSITY HEALTH SYSTEM MIAMI, FL | DESAI SETHI MEDICAL CENTER | $100,000 |
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
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.
Explore Open Grants
Browse active grant opportunities in Somaiya Family Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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