The Olukotun Family Foundation

MENLO PARK, CA EIN: 82-3258170

The Olukotun Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MENLO PARK, CA. IRS filing data is available for 2021. As of 2021, the organization holds $198K in total assets. In 2021, it awarded 9 grants totaling $11K. Net investment income was $15K.

Financial Overview

From 2021 IRS Form 990-PF · View filing

Total Assets

$198K

Annual Giving

$11K

Grant Count

Avg Grant Size

$1K

Under IRS private-foundation payout rules, The Olukotun Family Foundation reported a distributable amount of $7K for 2021 — the minimum it must pay out in qualifying distributions.

About The Olukotun Family Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

California $7K (64%)

Maine $1K (9%)

Michigan $1K (9%)

Georgia $500 (5%)

New York $500 (5%)

Ohio $500 (5%)

Pennsylvania $500 (5%)

States

California Georgia Maine Michigan New York Ohio Pennsylvania

Cities

AmericusAnn ArborAthertonClevelandGrand RapidsHermitageNew YorkNorth BerwickStanford

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2021
Total Assets	$197,632
Revenue	$18,647
Expenses	$14,650
Qualifying Distributions	$11,000
Net Investment Income	$14,997
Distributable Amount	$7,206

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 2021

Grant Size Distribution

9 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2021 grants, the largest include Menlo School ($5,000), Stanford University ($2,000), Kita ($1,000).

Recipient	Purpose	Amount
MENLO SCHOOL ATHERTON, CA	FUNDING FOR FINANCIAL AID	$5,000
KITA NORTH BERWICK, ME	GENERAL FUND	$1,000
MALARIA CONSORTIUM HERMITAGE, PA	GENERAL FUND	$500
CALVIN UNIVERSITY GRAND RAPIDS, MI	GENERAL FUND	$500
HABITAT FOR HUMANITY AMERICUS, GA	AID FOR HOUSING FOR THE POOR	$500
AMERICAN SICKLE CELL ANEMIA ASSOC CLEVELAND, OH	SICKLE CELL RESEARCH AND SUPPORT	$500
DOCTORS WITHOUT BORDERS NEW YORK, NY	GENERAL FUND	$500
UNIV OF MI ANN ARBOR, MI	GENERAL FUND	$500
STANFORD UNIVERSITY STANFORD, CA	GENERAL FUND	$2,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2021 IRS filing

From 2021 filing

Name	Title	Hours	Compensation
OYEKUNLE OLUKOTUN	PRESIDENT	10	—
AYINDE OLUKOTUN	SECRETARY/TR	5	—
IYANU OLUKOTUN	DIRECTOR	5	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is The Olukotun Family Foundation?

The Olukotun Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MENLO PARK, CA. It holds $198K in total assets as of 2021.

How large is The Olukotun Family Foundation?

As of 2021, The Olukotun Family Foundation holds $198K in total assets with $19K in annual revenue. It awarded 9 grants totaling $11K in 2021.

Where does The Olukotun Family Foundation operate?

The Olukotun Family Foundation has awarded grants in California, Georgia, Maine, Michigan, New York, Ohio, Pennsylvania.

What size grants does The Olukotun Family Foundation award?

In 2021, The Olukotun Family Foundation awarded 9 grants totaling $11K — an average of about $1K per grant, based on its IRS Form 990 filings.

How much is The Olukotun Family Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2021, The Olukotun Family Foundation reported a distributable amount of $7K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.