Somaiya Family Foundation
Somaiya Family Foundation is a private foundation, 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.
Somaiya Family Foundation at a glance
In short: Somaiya Family Foundation gave $1.1M across 9 grants in 2024 (avg $126K), mostly in Florida. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $1,130,812
- +93.6% vs 2023
- Grants made (2024)
- 9
- +125.0% vs 2023
- Average grant
- $125,646
- -13.9% vs 2023
- Median grant
- $114,082
- Total assets
- $12,619,859
- -1.7% vs 2023
- Primary geography
- Florida (82% 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 Somaiya Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
The largest 2024 recipient was Schwab Charitable Fund ($824K across 5 grants). Together the top 5 received $1.1M.
Grant Size Distribution
38 grants across all recorded years
The most common grant size was under $50K: 21 grants of 38 (55%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 9 itemized grants.
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $138K (2020) to $1.1M (2024). In 2024 it made 9 grants totaling $1.1M.
Grants by year
Grant recipients and amounts by year
| 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 |
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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 | $12,619,859 | $602,303 | $1,223,297 | $1,130,812 | 9 | $1,134,586 | $513,592 | $762,650 |
| 2023 | $12,836,356 | $525,732 | $716,621 | $584,017 | 4 | $593,399 | $403,510 | $676,219 |
| 2022 | $12,819,986 | $13,708 | $1,072,604 | $958,574 | 7 | $968,842 | $205,535 | $720,325 |
| 2021 | $13,846,067 | $460,179 | $555,035 | $461,068 | 9 | $466,669 | $376,213 | $796,686 |
| 2020 | $13,845,804 | $2,606,171 | $166,075 | $138,350 | 9 | — | $108,645 | $629,498 |
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.
Leadership & Key People
Officers and directors from IRS filings
Somaiya Family Foundation is led by Jolly S. Somaiya, President & Director since 2021 (on filings since 2020) — the only officer listed, and uncompensated.
Officers on the 2024 filing
Jolly S. Somaiya
President & Director
President → President & Director, 2021
On filings since 2020
1 hr/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 Somaiya Family Foundation
How much does Somaiya Family Foundation give each year?
Somaiya Family Foundation gave $1.1M across 9 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $584K across 4 grants.
What is Somaiya Family Foundation's typical grant size?
Somaiya Family Foundation's median grant in 2024 was $114,082, and its average grant was $125,646, across 9 grants on its 2024 IRS Form 990-PF.
Where does Somaiya Family Foundation give grants?
Somaiya Family Foundation gives mostly in Florida: 82% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Maryland (18%). The most frequent recipient cities were Orlando, FL (5 grants) and New York, NY (2 grants).
Does Somaiya Family Foundation give general operating support?
Yes: 89% of Somaiya Family Foundation's 2024 grants with a stated purpose (8 of 9) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Somaiya Family Foundation's largest grantees?
Somaiya Family Foundation's largest 2024 grantees include Schwab Charitable Fund ($823,707 across 5 grants), Children's Inn at NIH ($200,000) and Miami University Health System ($100,000), according to its 2024 IRS Form 990-PF. Together they received 99% of its itemized 2024 grant dollars.
How large is Somaiya Family Foundation?
Somaiya Family Foundation reported $12.6M in total assets on its 2024 IRS Form 990-PF. It paid out $1.1M in qualifying distributions that year, against a required minimum of $763K (roughly 5% of its investment assets).
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.
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
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