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Somaiya Family Foundation is a private corporation based in MIAMI BEACH, FL. The foundation received its IRS ruling in 2020. The principal officer is Baker Hostetler - Lindsay Dandrea. It holds total assets of $12.6M. Annual income is reported at $10.9M. The foundation is governed by 1 officer or trustee. 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 2020 to 2024. Funding is distributed across 5 states, including Virginia, Maryland, Texas. According to available records, Somaiya Family Foundation has made 23 grants totaling $2.4M, with a median grant of $15K. Annual giving has grown from $461K in 2021 to $1.9M in 2022. Individual grants have ranged from $1K to $777K, with an average award of $103K. The foundation has supported 11 unique organizations. The foundation primarily supports organizations in Florida, Maryland, Texas, which account for 74% of all grants. Grantmaking reaches organizations across 6 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$5K
Average Grant
$15K
Largest Grant
$53K
Based on 9 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.
Somaiya Family Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 23 grants. Its grantmaking reaches organizations primarily in FL, MD, TX.
Somaiya Family Foundation has distributed a total of $2.4M across 23 grants. The median grant size is $15K, with an average of $103K. Individual grants have ranged from $1K to $777K.
Somaiya Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Somaiya Family Foundation is headquartered in MIAMI BEACH, FL. While based in FL, the foundation distributes grants to organizations across 6 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Jolly S Somaiya | PRESIDENT/DIRECTOR | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$12.6M
Fair Market Value
N/A
Net Worth
$12.6M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
23
Total Giving
$2.4M
Average Grant
$103K
Median Grant
$15K
Unique Recipients
11
Most Common Grant
$1K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Schwab Charitable FundGENERAL OPERATING SUPPORT.REGARDING THE GIFT OF STOCK, PLEASE SEE THE ATTACHED 8,083 SHARES AMAZON COMMON STOCK, GIFT DATE 12/15/22.COST - $743,759; FAIR MARKET VALUE - $776,574. | Orlando, FL | $777K | 2022 |
| Foundation For NihGENERAL OPERATING SUPPORT | Rockville, MD | $100K | 2022 |
| Pratham UsaGENERAL OPERATING SUPPORT | Houston, TX | $50K | 2022 |
| Children'S Inn At NihGENERAL OPERATING SUPPORT | Bethesda, MD | $25K | 2022 |
| India Development And Relief FundGENERAL OPERATING SUPPORT | North Bethesda, MD | $5K | 2022 |
| University Of PennsylvaniaGENERAL OPERATING SUPPORT | Philadelphia, PA | $1K | 2022 |
| Friends Of Patients At NihGENERAL OPERATING SUPPORT | Bethesda, MD | $1K | 2022 |
| Wheels Global FoundationGENERAL OPERATING FOUNDATION | Reston, VA | $15K | 2021 |
| The Children'S InnGENERAL OPERATING SUPPORT | Bethesda, MD | $10K | 2021 |
| Healthnet FoundationGENERAL OPERATING FOUNDATION | Indianapolis, IN | $5K | 2021 |
| American Heart AssociationGENERAL OPERATING SUPPORT | Arlington, VA | $5K | 2021 |
WEST PALM BCH, FL
WEST PALM BCH, FL
POMPANO BEACH, FL