The Kay Family Foundation

Private foundation · Grantmaker Wilmington, DE EIN: 55-0883567

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.

Key facts about The Kay Family Foundation

In short: The Kay Family Foundation gave $322K across 9 grants in 2024 (avg $36K), mostly in California. Source: 2024 IRS Form 990-PF.

EIN
55-0883567
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$321,500
Grants made (2024)
9
Average grant
$35,722
Median grant
$25,000
Total assets
$15,547,546
Primary geography
California (100% 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

$15.5M

+2.1% YoY

Annual Giving

$322K

-36.8% YoY

Grant Count

9

-18.2% YoY

Avg Grant Size

$36K

-22.8% YoY

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.

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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

3states

Share of all 9 itemized 2024 grant dollars.

Cities

IrvineLos AngelesRohnert ParkLaguna BeachMonterey ParkNewport BeachOrangeSanta AnaBirminghamBooneCosta MesaDiamond BarMalibuPasadenaPetalumaSan FranciscoSan JoseSan RafaelSunnyvale

Giving Over Time

Total grant dollars and number of grants per year

$0$500K$1M$1.5M9 grants202010 grants20216 grants202211 grants20239 grants2024

From 2020 to 2024, annual grant giving ranged from $322K (2024) to $1.4M (2021). In 2024 it made 9 grants totaling $322K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 7 recipients in 2024

Western Mandarin Immersion Charter School: $150KWestern Mandarin ImmersionCharter School$150KHoag Hospital Foundation: $50KHoag Hospital Foundation$50KUniversity of California Irvine Foundation: $45K across 3 grantsUniversity of CaliforniaIrvine Foundation$45K · 3 grantsRegents Univ of California: $29KRegents Univ of California$29KJohn Ritter Foundation for Aortic Health: $25KJohn Ritter Foundation forAortic Health$25KGIVE2ASIA: $13KGIVE2ASIA$13KNorth American Taiwanese Engineers Association: $10KNorth American TaiwaneseEngineers Association$10K

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

28<$50K8$50–100K6$100–250K1$250–500K2$500K–1M$1–5M$5M+

The most common grant size was under $50K: 28 grants of 45 (62%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Western Mandarin Immersion Charter School Irvine, CAGeneral & Unrestricted$150,000
Hoag Hospital Foundation Newport Beach, CAElim & Helena Kay Motility Excellence Fund$50,000
Regents Univ of California Los Angeles, CAGeneral & Unrestricted$29,000
John Ritter Foundation for Aortic Health Los Angeles, CAGeneral & Unrestricted$25,000
University of California Irvine Foundation Irvine, CASchool of Education - in support of early childhood education$25,000
GIVE2ASIA San Francisco, CAScholarship fund for TMU College of Management Foreign Students$12,500
North American Taiwanese Engineers Association Sunnyvale, CAGeneral & Unrestricted$10,000
University of California Irvine Foundation Irvine, CASupport UCI Athletics - Men's Basketball$10,000
University of California Irvine Foundation Irvine, CASupport UCI Athletics - Men's Golf$10,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$5M$10M$15M$20M20202021202220232024
Metric202420232022
Total Assets$15,547,546$15,233,466$15,221,943
Revenue$937,897$1,058,924$219,232
Expenses$571,329$656,667$17,344,705
Qualifying Distributions$421,234$586,711$962,555
Net Investment Income$735,981$678,014$136,891
Distributable Amount$750,453$750,842$1,087,765

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

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).

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.

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