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Akila And S Somasegar Family Foundation is a private corporation based in SEATTLE, WA. The foundation received its IRS ruling in 2015. The principal officer is Baker Tilly Us Llp. It holds total assets of $545K. Annual income is reported at $132K. Total assets have grown from $470K in 2014 to $670K in 2023. The foundation is governed by 2 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. The foundation primarily funds organizations in Washington and District of Columbia. According to available records, Akila And S Somasegar Family Foundation has made 25 grants totaling $359K, with a median grant of $10K. The foundation has distributed between $40K and $136K annually from 2020 to 2023. Grantmaking activity was highest in 2021 with $136K distributed across 7 grants. Individual grants have ranged from $2K to $51K, with an average award of $14K. The foundation has supported 13 unique organizations. Grants have been distributed to organizations in Washington and District of Columbia and California. Contributions to this foundation are tax-deductible.
Smallest Grant
$5K
Median Grant
$10K
Average Grant
$19K
Largest Grant
$51K
Based on 7 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Akila And S Somasegar Family Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 25 grants. Its grantmaking reaches organizations primarily in WA, DC, CA.
Akila And S Somasegar Family Foundation has distributed a total of $359K across 25 grants. The median grant size is $10K, with an average of $14K. Individual grants have ranged from $2K to $51K.
Akila And S Somasegar Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Akila And S Somasegar Family Foundation is headquartered in SEATTLE, WA. While based in WA, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Akila Somasegar | PRESIDENT | $0 | $0 | N/A |
| Sivaramakichenane Somasegar | VICE PRESIDENT | $0 | $0 | N/A |
Total Giving
$97K
Total Assets
$670K
Fair Market Value
$4.8M
Net Worth
$665K
Grants Paid
$92K
Contributions
$2.6M
Net Investment Income
$195K
Distribution Amount
$178K
Total: $531K
Total Grants
25
Total Giving
$359K
Average Grant
$14K
Median Grant
$10K
Unique Recipients
13
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Ywca Seattle King Snohomish CountyFOR EXEMPT PURPOSES | Seattle, WA | $50K | 2023 |
| Fred Hutchinson Cancer Research CenterFOR EXEMPT PURPOSES | Seattle, WA | $20K | 2023 |
| United Nations FoundationFOR EXEMPT PURPOSES | Washington, DC | $15K | 2023 |
| The Akshaya Patra Foundation UsaFOR EXEMPT PURPOSES | Fremont, CA | $5K | 2023 |
| Vedic Cultural CenterFOR EXEMPT PURPOSES | Sammamish, WA | $2K | 2023 |
| Ymca Seattle King CountyOPERATING FUND | Seattle, WA | $10K | 2022 |
| Center For Disease Dynamics Economics And PolicyOPERATING FUND | Washington, DC | $25K | 2021 |
| University Of Washington FoundationOPERATING FUND | Seattle, WA | $10K | 2021 |
| LifewireOPERATING FUND | Bellevue, WA | $10K | 2021 |
| India Association Of WesterOPERATING FUND | Bellevue, WA | $5K | 2021 |
| Bellevue LifespringOPERATING FUND | Bellevue, WA | $10K | 2020 |
| The Bhutan FoundationOPERATING FUND | Washington, DC | $5K | 2020 |
| Sri Sathya Sai World FoundationOPERATING FUND | Arcadia, CA | $5K | 2020 |