The Katalina and Michael Simon Foundation
The Katalina and Michael Simon Foundation is a private foundation, based in Wilmington, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.5M in total assets. In 2024, it awarded 4 grants totaling $350K. Net investment income was $60K.
Key facts about The Katalina and Michael Simon Foundation
In short: The Katalina and Michael Simon Foundation gave $350K across 4 grants in 2024 (avg $88K), mostly in Indiana. Source: 2024 IRS Form 990-PF.
- EIN
- 85-1620436
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $350,000
- Grants made (2024)
- 4
- Average grant
- $87,500
- Median grant
- $50,000
- Total assets
- $1,529,531
- Primary geography
- Indiana (64% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.5M
-20.0% YoY
Annual Giving
$350K
+9.4% YoY
Grant Count
4
-20.0% YoY
Avg Grant Size
$88K
+36.7% YoY
Under IRS private-foundation payout rules, The Katalina and Michael Simon Foundation reported a distributable amount of $96K for 2024 — the minimum it must pay out in qualifying distributions.
How The Katalina and Michael Simon Foundation gives
- Giving grew 75% from 2021 to 2024. Method
- In 2024 it paid out 379% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 4 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2024, annual grant giving ranged from $200K (2021) to $553K (2022). In 2024 it made 4 grants totaling $350K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
The largest 2024 recipient was University of Notre Dame Du Lac ($225K). Together the top 4 received $350K.
Grant Size Distribution
16 grants across all recorded years
The most common grant size was in the $50–100K range: 6 grants of 16 (38%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Notre Dame Du Lac Notre Dame, IN | General & Unrestricted | $225,000 |
| Concord Academy Concord, MA | to support the annual fund and to an unrestricted strategic gift | $50,000 |
| University of Dayton Dayton, OH | Human Rights Center | $50,000 |
| Carroll School Corp Wayland, MA | General & Unrestricted | $25,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,529,531 | $1,912,359 | $2,362,148 |
| Revenue | $64,293 | $-194,383 | $7,221 |
| Expenses | $368,336 | $334,191 | $566,823 |
| Qualifying Distributions | $363,415 | $329,366 | $566,723 |
| Net Investment Income | $60,172 | $249,101 | $7,221 |
| Distributable Amount | $95,783 | $86,633 | $108,235 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
The Katalina and Michael Simon Foundation is led by Michael Simon, Director, President, Secretary & Treasurer on every filing since 2020 — the only officer listed, and uncompensated.
Officers on the 2024 filing
Michael Simon
Director, President, Secretary & Treasurer
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 The Katalina and Michael Simon Foundation
How much does The Katalina and Michael Simon Foundation give each year?
The Katalina and Michael Simon Foundation gave $350K across 4 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $320K across 5 grants.
What is The Katalina and Michael Simon Foundation's typical grant size?
The Katalina and Michael Simon Foundation's median grant in 2024 was $50,000, and its average grant was $87,500, across 4 grants on its 2024 IRS Form 990-PF.
Where does The Katalina and Michael Simon Foundation give grants?
The Katalina and Michael Simon Foundation gives mostly in Indiana: 64% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Massachusetts (21%) and Ohio (14%).
Does The Katalina and Michael Simon Foundation give general operating support?
Yes: 75% of The Katalina and Michael Simon Foundation's 2024 grants with a stated purpose (3 of 4) were for general or operating support, per its 2024 IRS Form 990-PF.
How large is The Katalina and Michael Simon Foundation?
The Katalina and Michael Simon Foundation reported $1.5M in total assets on its 2024 IRS Form 990-PF. It paid out $363K in qualifying distributions that year, against a required minimum of $96K (roughly 5% of its investment assets).
What is The Katalina and Michael Simon Foundation's EIN?
The Katalina and Michael Simon Foundation's EIN (Employer Identification Number) is 85-1620436. 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.
Here's the math on researching The Katalina and Michael Simon Foundation by hand.
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