Funder DirectorySOMAIYA FAMILY FOUNDATION
Back to directory

Private foundation (trust)EIN 844003529Est. 2020-06

SOMAIYA FAMILY FOUNDATION

MIAMI BEACH, FL 33139

Total Assets

$15.7M

FY 2024

Annual Giving

$1.1M

FY 2024

Grants Made

9

FY 2024

Avg Grant

$126K

FY 2024

Grant Range

$4K–$339K

Typical

Deadlines

Applications

Focus Areas

Private Grantmaking Foundations

Financial Snapshot

2024 filing

Total Revenue

$602K

Total Expenses

$1.2M

Qualifying Distributions

$1.1M

Distributable Amount

$763K

Min. Investment Return

$770K

Undistributed Income

$266K

Payout rate 100%Arc chart showing what share of IRS distributable amount was paid out as qualifying distributions in the latest filing.100%

Payout rate

Qualifying distributions as a share of distributable amount.

Grant Range

9 grants

Grant sizes from minimum $4K through median $114K to maximum $339K, shown on a logarithmic scale.

Logarithmic scale — typical grant portfolios span orders of magnitude, so distances are proportional to multiplicative change, not dollar gaps.

Giving Over Time

5 years

Giving over time from 2020 to 2024. Peak $1.1M in 2024. Hover bars for details.

Total dollars recorded per filing year. Scale adjusts to the foundation's range.

Top Recipients

38 grants

SCHWAB CHARITABLE FUND
$2.5M
10 grants
CHILDREN'S INN AT NIH
$225K
2 grants
PRATHAM USA
$203K
4 grants
MIAMI UNIVERSITY HEALTH SYSTEM
$100K
1 grant
FOUNDATION FOR NIH
$100K
1 grant
THE CHILDREN'S INN
$63K
2 grants
AMERICAN HEART ASSOCIATION
$21K
2 grants
WHEELS GLOBAL FOUNDATION
$15K
1 grant

Grant Size Distribution

38 grants

<$10K
17
grants
$10–50K
5
grants
$50–250K
13
grants
$250K–1M
3
grants
$1–5M
$5M+

Geographic Focus

9 states

Florida
$2.6M
79% of total
Maryland
$401K
12% of total
Texas
$203K
6% of total
Virginia
$38K
1% of total
New York
$14K
0% of total
Indiana
$5K
0% of total
Oregon
$5K
0% of total
Tennessee
$4K
0% of total
Pennsylvania
$2K
0% of total

Ready to work on a proposal for SOMAIYA FAMILY FOUNDATION?

Open a draft with this funder pre-selected. Add guidelines when you have them.

Draft an application for SOMAIYA FAMILY FOUNDATION
Funder alerts

Track SOMAIYA FAMILY FOUNDATION

Get an email when Grantivo has new data for SOMAIYA FAMILY FOUNDATION, such as a fresh IRS filing, updated financials, or newly reported grants. No account needed.

Free. Unsubscribe anytime. Or create an account to draft an application.

SOMAIYA FAMILY FOUNDATION — Grants, Financials & Contact | Grantivo