K Fund

The Department of State K Fund is a civilian sub-agency that administers federal contracts for international affairs, cultural exchange, and diplomatic support activities. The K Fund manages its contracting authority to procure goods and services aligned with State Department foreign policy objectives and overseas operations.

The K Fund has issued 3,497 federal contract awards cumulatively since 2004, with $932.1 million in combined award potential value and $852.3 million obligated to date (91% of potential). Award volume has declined in recent years: 29 awards in 2022, 37 in 2023, 22 in 2024, 11 in 2025, and 22 year-to-date in 2026. The most recent award was recorded on July 29, 2026.

The competitive landscape is highly concentrated among foreign awardees. Over the last five years, miscellaneous foreign awardees dominate the top positions by award count, collectively holding 79% of recent awards across multiple entries in the rankings, with individual entries ranging from 59 awards worth $2.6 million to 7 awards worth $181 thousand. Eton Institute Fz-Llc is the sole named domestic prime contractor appearing in the top rankings, with 9 awards worth $431 thousand. The K Fund operates across 596 distinct prime contractors cumulatively across its portfolio history, though the recent award pool concentrates heavily on foreign entities reflecting the State Department's international scope and mandate.

Set-aside activity is minimal. Approximately 89% of awards carry no set-aside designation, reflecting the K Fund's primary focus on open competitive procurements and foreign awardees. Small-business set-asides account for roughly 8% of awards combined (8(a) sole source 4%, total small business 4%, competitive 8(a) 1%), with service-disabled veteran-owned, HUBZone, and woman-owned small business designations representing fewer than 1% of total awards collectively.

No recent contract opportunities or grant opportunities are recorded against the K Fund in current solicitation data. Prospective bidders should monitor State Department contracting channels and FedBizOpps for upcoming requirements.