Kamath Family Foundation
- Assets
- $4.7m
- Revenue
- $726.4k
- Investments
- $4.4m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- Data as of
- 12/2022
- EIN
- 83-2414428
Organization Overview
Kamath Family Foundation is located in Wilmington, DE. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kamath Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Kamath Family Foundation generated $726.4k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $267.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Kamath Family Foundation has awarded 26 individual grants totaling $345,205. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anil Kamath Treas | 1 | $0 | |
Rekha Pai Kamath Dir, Pres, Sec | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $712,380 |
| Interest on Savings | $15,523 |
| Dividends & Interest | $17,524 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$22,084 |
| Capital Gain Net Income | $609,305 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,098 |
| Total Revenue | $726,441 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $24,100 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,100 |
| Printing and publications | $0 |
| Other expenses | $21,969 |
| Total operating and administrative expenses | $47,169 |
| Contributions, gifts, grants paid | $220,510 |
| Total expenses and disbursements | $267,679 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $294,327 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $139,049 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,667,956 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Kamath Family Foundation has awarded $220,510 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
INTELEHEALTH INC PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
BEYOND CAPITAL FUND PURPOSE: GENERAL & UNRESTRICTED | $2,000 |
ACUMEN FUND INC PURPOSE: DEVELOPMENT PARTNER CONTRIBUTION | $10,000 |
MASSACHUSETTS INSTITUTE OF TECHNOLOGY PURPOSE: MIT SOLVE MEMBERSHIP | $6,000 |
INTERMOUNTAIN VIPASSANA ASSOCIATION INC PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
MONTEREY BAY HORSEMANSHIP & THERAPEUTIC CENTER PURPOSE: GENERAL & UNRESTRICTED | $5,000 |