The Kay Family Foundation
The Kay Family Foundation is a private foundation, based in Wilmington, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $15.5M in total assets. In 2024, it awarded 9 grants totaling $322K. Net investment income was $736K.
The Kay Family Foundation at a glance
In short: The Kay Family Foundation gave $322K across 9 grants in 2024 (avg $36K), mostly in California. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $321,500
- -36.8% vs 2023
- Grants made (2024)
- 9
- -18.2% vs 2023
- Average grant
- $35,722
- -22.8% vs 2023
- Median grant
- $25,000
- Total assets
- $15,547,546
- +2.1% vs 2023
- Primary geography
- California (100% 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 The Kay Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
The largest 2024 recipient was Western Mandarin Immersion Charter School ($150K). Together the top 7 received $322K.
Grant Size Distribution
45 grants across all recorded years
The most common grant size was under $50K: 28 grants of 45 (62%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 9 itemized grants.
Cities
How The Kay Family Foundation gives
- Giving fell 76% from 2021 to 2024. Method
- In 2024 it paid out 56% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 $322K (2024) to $1.4M (2021). In 2024 it made 9 grants totaling $322K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Western Mandarin Immersion Charter School Irvine, CA | General & Unrestricted | $150,000 |
| Hoag Hospital Foundation Newport Beach, CA | Elim & Helena Kay Motility Excellence Fund | $50,000 |
| Regents Univ of California Los Angeles, CA | General & Unrestricted | $29,000 |
| John Ritter Foundation for Aortic Health Los Angeles, CA | General & Unrestricted | $25,000 |
| University of California Irvine Foundation Irvine, CA | School of Education - in support of early childhood education | $25,000 |
| GIVE2ASIA San Francisco, CA | Scholarship fund for TMU College of Management Foreign Students | $12,500 |
| North American Taiwanese Engineers Association Sunnyvale, CA | General & Unrestricted | $10,000 |
| University of California Irvine Foundation Irvine, CA | Support UCI Athletics - Men's Basketball | $10,000 |
| University of California Irvine Foundation Irvine, CA | Support UCI Athletics - Men's Golf | $10,000 |
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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 | $15,547,546 | $937,897 | $571,329 | $321,500 | 9 | $421,234 | $735,981 | $750,453 |
| 2023 | $15,233,466 | $1,058,924 | $656,667 | $509,000 | 11 | $586,711 | $678,014 | $750,842 |
| 2022 | $15,221,943 | $219,232 | $17,344,705 | $911,179 | 6 | $962,555 | $136,891 | $1,087,765 |
| 2021 | $33,724,296 | $6,311,739 | $2,071,224 | $1,354,000 | 10 | $2,390,272 | $6,135,786 | $1,515,167 |
| 2020 | $28,913,623 | $-6,390,513 | $878,444 | $541,780 | 9 | — | — | $1,585,720 |
Under IRS private-foundation payout rules, The Kay Family Foundation reported a distributable amount of $750K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Kay Family Foundation is led by Elim Kay, Director & President since 2024 (on filings since 2020); none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Elim Kay
Director & President
Directorpresident → Director, 2023
Director → Director & President, 2024
On filings since 2020
10 hrs/week
No compensation reported
Eleanor Kay
Secretary & Director
Director & Secretary → Directorsecretary, 2022
Directorsecretary → Director & Secretary, 2023
On filings since 2020
1 hr/week
No compensation reported
Ethan Kay
Treasurer & Director
Director & Treasurer → Directortreasurer, 2022
Directortreasurer → Director & Treasurer, 2023
On filings since 2020
1 hr/week
No compensation reported
Timothy Tang
Director
Director & Grants → Directorgrants, 2022
Directorgrants → Director, 2023
On filings since 2020
1 hr/week
No compensation reported
Former officers (2)
- Former: Helen Kay (2020–2023) — Director & Vice Chair
- Former: Steeve Kay (2020–2023) — Director & Chair
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 Kay Family Foundation
How much does The Kay Family Foundation give each year?
The Kay Family Foundation gave $322K across 9 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $509K across 11 grants.
What is The Kay Family Foundation's typical grant size?
The Kay Family Foundation's median grant in 2024 was $25,000, and its average grant was $35,722, across 9 grants on its 2024 IRS Form 990-PF.
Where does The Kay Family Foundation give grants?
The Kay Family Foundation gives mostly in California: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Irvine, CA (4 grants) and Los Angeles, CA (2 grants).
Does The Kay Family Foundation give general operating support?
Yes: 44% of The Kay Family Foundation's 2024 grants with a stated purpose (4 of 9) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are The Kay Family Foundation's largest grantees?
The Kay Family Foundation's largest 2024 grantees include Western Mandarin Immersion Charter School ($150,000), Hoag Hospital Foundation ($50,000) and University of California Irvine Foundation ($45,000 across 3 grants), according to its 2024 IRS Form 990-PF. Together they received 76% of its itemized 2024 grant dollars.
How large is The Kay Family Foundation?
The Kay Family Foundation reported $15.5M in total assets on its 2024 IRS Form 990-PF. It paid out $421K in qualifying distributions that year, against a required minimum of $750K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is The Kay Family Foundation's EIN?
The Kay Family Foundation's EIN (Employer Identification Number) is 55-0883567. 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
Live grants for the work The Kay Family Foundation funds
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