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Dr Prem Reddy Family Foundation is a private association based in VICTORVILLE, CA. The foundation received its IRS ruling in 1992. It holds total assets of $48.1M. Annual income is reported at $5.4M. Total assets have decreased from $81.8M in 2011 to $45.8M in 2023. The foundation is governed by 3 officers and trustees. Tax records are available from 2020 to 2023. Grantmaking is concentrated in California. According to available records, Dr Prem Reddy Family Foundation has made 439 grants totaling $36.5M, with a median grant of $2K. Annual giving has decreased from $3.3M in 2020 to $963K in 2023. Grantmaking activity was highest in 2022 with $32.2M distributed across 306 grants. Individual grants have ranged from $185 to $10M, with an average award of $83K. The foundation has supported 267 unique organizations. The foundation primarily supports organizations in California, Illinois, Texas, which account for 88% of all grants. Grantmaking reaches organizations across 19 states. Contributions to this foundation are tax-deductible.
The Dr. Prem Reddy Family Foundation is a tightly-held, family-operated private foundation founded in 1989 — originally as the Desert Valley Charitable Foundation in 1986 — by Dr. Prem Reddy, a cardiologist and founder of Prime Healthcare. Based in Victorville, California, the foundation functions as a direct philanthropic extension of Dr. Reddy's professional and personal identity. All three board members — Dr. Prem Reddy (President/Director), Dr. Kavitha Reddy Bhatia (Secretary/CFO/Director), and Sunitha Reddy (Director) — serve without compensation, marking this as an intimate family philanthropy rather than an institutionalized grantmaker.
The foundation operates two distinct giving channels that require different strategies. The first is a formal, annual scholarship program for individual High Desert residents pursuing healthcare careers, which is the most accessible and consistent vehicle. The second is a discretionary organizational grant program with minimal formal structure — the application instructions direct organizations to submit a brochure, a community services description, the purpose of the funding request, and a tax ID. There are no published deadlines for organizational grants and no evidence of competitive review cycles.
A critical classification mismatch must be noted: the foundation carries an NTEE code of A54 (Arts, Culture & Humanities), but no Arts & Culture grants appear anywhere in the documented grantee history spanning over a decade of 990 filings. Actual giving is concentrated in healthcare education, medical research institutions (notably the California University of Science and Medicine), and South Asian/Telugu-American cultural organizations. Applicants who approach this foundation based on its NTEE taxonomy will find a fundamental mismatch; those who align with its actual giving record will be far better positioned.
Geographically, the foundation's core is the Inland Empire and High Desert region of Southern California, anchored at Desert Valley Medical Center in Victorville. However, Telugu cultural associations in Texas, Illinois, and New Jersey have also received grants, reflecting Dr. Reddy's national profile in the South Asian diaspora community. For organizational grants, direct relationship-building with foundation leadership at 16850 Bear Valley Road, Suite 200, Victorville, CA 92395 is likely more decisive than any written proposal.
The Dr. Prem Reddy Family Foundation has documented $36.5 million in total grantmaking across 439 recorded grants, producing a raw average of $83,143 per grantee. This figure is severely skewed by two transformative gifts to the California University of Science and Medicine (CUSM) — $20 million and approximately $10 million — which together account for roughly 82% of all documented giving. Stripping out CUSM, the remaining $6.5 million across ~435 grants yields a working median of approximately $10,000–$25,000 per organizational recipient.
Annual giving has ranged dramatically over the available fiscal years. Fiscal 2022 saw $11.5 million (total giving) and $10.7 million in grants paid, entirely CUSM-driven. Fiscal 2023 dropped to $1.46 million total giving and $963,000 in grants paid — the lowest level in over a decade and a signal that the CUSM commitment has been substantially fulfilled. More representative recent years: FY2019 ($1.66M total giving), FY2020 ($3.9M), FY2021 ($2.5M). The foundation's total assets have declined from $81.8M in 2011 to $45.8M in 2023, likely contributing to giving contraction.
By category: institutional anchors absorb the largest grants. CUSM received ~$30M; Prime Healthcare Foundation received $2.42M; Victor Valley College Foundation received $750,000-plus. Telugu and South Asian cultural organizations typically receive $10,000–$300,000 per grant (American Telugu Association: $300,000; North American Telugu Association: $675,000 cumulative across multiple grants; Telangana American Telugu Association: $150,000). Individual scholarships are the most numerous grants — 85 students received shares of $110,000 in 2025, averaging $1,294 per recipient, with historical individual awards ranging from $500 to $33,246. The program has distributed over $2 million in scholarships since 1989.
Geographically: California accounts for 351 of 439 documented grants (80%). Texas is second with 20 grants, followed by Illinois (15), New Jersey (12), and Utah (9).
The foundation's database-assigned peers are matched by asset size (~$46M–$51M) and NTEE Arts & Culture classification. In practice, the Dr. Prem Reddy Family Foundation's actual grantmaking diverges sharply from this peer set — no Arts & Culture grants appear in its documented history. The table below presents assigned peers alongside this foundation for asset-level context:
| Foundation | Assets | Annual Giving | Primary Focus | Application |
|---|---|---|---|---|
| Dr Prem Reddy Family Foundation | $45.8M | $963K–$11.5M (variable) | Healthcare, Medical Education, Telugu Community | Informal/Relationship-based |
| Larry J Bell Library Foundation (MI) | $46.3M | Not publicly disclosed | Arts & Culture | Unknown |
| Wjo Foundation (CA) | $50.7M | Not publicly disclosed | Arts & Culture | Unknown |
| Star Of Hope Inc (ME) | $51M | Not publicly disclosed | Arts & Culture | Unknown |
| 4 Cornerstones Foundation (MN) | $51M | Not publicly disclosed | Arts & Culture | Unknown |
| Kallir Family Foundation (NY) | $51.1M | Not publicly disclosed | Arts & Culture | Unknown |
The assigned peer set shares asset-size proximity and the same NTEE category, but the Reddy Foundation's actual programming is a near-total divergence — healthcare scholarships, a co-founded medical school, and diaspora cultural organizations bear no resemblance to the peer set's Arts & Culture mandates. Grant seekers should treat this as an isolated family healthcare philanthropy rather than a foundation operating in the Arts & Culture funding ecosystem. The more meaningful functional comparisons are physician-entrepreneur family foundations like the Dr. Scholl Foundation or foundations affiliated with regional hospital systems, where personal relationship and clear mission alignment drive outcomes over formal proposal quality.
On June 17, 2025, the Dr. Prem Reddy Family Foundation held its annual scholarship awards ceremony in Victorville, distributing $110,000 to 85 High Desert students pursuing careers in health sciences. Foundation staff described 2025 as a record year for applications. Recipients reflected the program's broad access ethos — ages ranged from 16 to 54, including recent high school graduates, working adults returning to school, and single parents navigating financial hardship. The foundation has now distributed over $2 million in total scholarship support since the program's inception in 1989.
For the 2026 cycle, the foundation moved its application to a dedicated portal at scholarships-reddyfamilyfoundation.org and set an April 17, 2026 deadline — approximately six weeks earlier than the May 31 cutoff listed in prior IRS filings.
The foundation's most significant prior activity was in fiscal year 2022, when it made two landmark grants to the California University of Science and Medicine (CUSM) in San Bernardino totaling approximately $30 million — by far the largest grants in the foundation's recorded history. These appear to represent a multi-phase capital commitment tied to CUSM's founding (Dr. Reddy co-founded the institution). No comparable institutional grants appear in FY2023 data, where grants paid returned to $963,000.
No leadership transitions, new program areas, or significant organizational changes were identified in 2025–2026 research. All three board positions continue to be held exclusively by Reddy family members.
For healthcare and medical-education organizations: The application bar is intentionally low — the foundation asks for a brochure, a community services description, and a tax ID number. Do not over-formalize your submission. A concise, well-designed one-page letter of inquiry paired with a print-quality brochure submitted to the Victorville office (16850 Bear Valley Rd, Suite 200, Victorville CA 92395) is the appropriate format. There is no published deadline for organizational grants, but submitting in January–March is advisable to align with the foundation's annual planning rhythm before the scholarship season consumes staff attention.
Alignment language that resonates: Frame proposals around healthcare access, free or subsidized community health services, medical education pipelines, and — where applicable — programs serving South Asian or Telugu-American communities. The foundation's documented grantees include Telugu cultural associations in California, Texas, Illinois, and New Jersey, reflecting Dr. Reddy's national standing in that community. Avoid framing grants around arts, humanities, advocacy, or policy work — there is no evidence these areas receive support.
Relationship-building is decisive: This is a three-person family foundation with no paid officers. Cold written proposals are unlikely to succeed without prior relationship. Call 760-241-8000 to introduce your organization before submitting materials. Referrals from organizations already in the portfolio — Prime Healthcare, Victor Valley College, CUSM, or a Telugu cultural organization — carry meaningful weight. If your organization or a board member has a connection to Dr. Reddy's medical network, surface it explicitly.
For scholarship applicants: The 2026 deadline is April 17, 2026. Submit via scholarships-reddyfamilyfoundation.org, not the old dvmc.com link. Do not use Safari. Minimum GPA is 3.0. Prepare two letters of reference from school or work, an official transcript, a personal statement of plans and goals, and a copy of your most recent personal income tax return. Recent high school graduates need proof of college acceptance or enrollment intention; a 30-day grace period is permitted.
Common mistakes to avoid: Applying as an arts or culture organization (no documented grantmaking in this space), submitting only digital materials without a physical brochure for organizational grants, using the outdated May 31 scholarship deadline, or relying on the NTEE Arts & Culture classification to define this funder's actual priorities.
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Smallest Grant
$500
Median Grant
$1K
Average Grant
$22K
Largest Grant
$1.3M
Based on 86 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.
The Dr. Prem Reddy Family Foundation has documented $36.5 million in total grantmaking across 439 recorded grants, producing a raw average of $83,143 per grantee. This figure is severely skewed by two transformative gifts to the California University of Science and Medicine (CUSM) — $20 million and approximately $10 million — which together account for roughly 82% of all documented giving. Stripping out CUSM, the remaining $6.5 million across ~435 grants yields a working median of approximately .
Dr Prem Reddy Family Foundation has distributed a total of $36.5M across 439 grants. The median grant size is $2K, with an average of $83K. Individual grants have ranged from $185 to $10M.
The Dr. Prem Reddy Family Foundation is a tightly-held, family-operated private foundation founded in 1989 — originally as the Desert Valley Charitable Foundation in 1986 — by Dr. Prem Reddy, a cardiologist and founder of Prime Healthcare. Based in Victorville, California, the foundation functions as a direct philanthropic extension of Dr. Reddy's professional and personal identity. All three board members — Dr. Prem Reddy (President/Director), Dr. Kavitha Reddy Bhatia (Secretary/CFO/Director), .
Dr Prem Reddy Family Foundation is headquartered in VICTORVILLE, CA. While based in CA, the foundation distributes grants to organizations across 19 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Prem Reddy | PRESIDENT | $0 | $0 | N/A |
| Kavitha Reddy Bhatia | SECRETARY | $0 | $0 | N/A |
| Sunitha Reddy | DIRECTOR | $0 | $0 | N/A |
Total Giving
$1.5M
Total Assets
$45.8M
Fair Market Value
$45.8M
Net Worth
$45.6M
Grants Paid
$963K
Contributions
$335K
Net Investment Income
$726K
Distribution Amount
$2.2M
Total: $26.5M
Total Grants
439
Total Giving
$36.5M
Average Grant
$83K
Median Grant
$2K
Unique Recipients
267
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| North American Telugu AssocDONATION | Cedar Park, TX | $250K | 2023 |
| Art Of Living FoundationDONATION | Cupertino, CA | $100K | 2023 |
| American Assoc Of Physicians IndiaDONATION | Oak Brook, IL | $100K | 2023 |
| North American Telugu Assoc IncDONATION | Cedar Park, TX | $75K | 2023 |
| Victor Valley CollegeSCHOLARSHIPS | Victorville, CA | $42K | 2023 |
| Asuza Pacific UniversitySCHOLARSHIPS | Azusa, CA | $29K | 2023 |
| Tana-Telugu Assoc Of N AmericanDONATION | Novi, MI | $25K | 2023 |
| Sankara Nethralaya UsaDONATION | Rockville, MD | $15K | 2023 |
| Federation Of Telugu Assoc So CalifDONATION | Irvine, CA | $15K | 2023 |
| University Of California LaSCHOLARSHIPS | Los Angeles, CA | $14K | 2023 |
| North American Telugu SocietyDONATION | Exton, PA | $10K | 2023 |
| University Of California RiversideSCHOLARSHIP | Riverside, CA | $10K | 2023 |
| University Of California San DiegoSCHOLARSHIP | La Jolla, CA | $6K | 2023 |
| TelsaDONATION | Upland, CA | $5K | 2023 |
| Friendly Temple Christian CenterDONATION | Apple Valley, CA | $5K | 2023 |
| Telugu Assoc Of So CaliforniaDONATION | Irvine, CA | $5K | 2023 |
| Telengana Peoples Assoc Of DallasDONATION | Frisco, TX | $5K | 2023 |
| West Coast UniversitySCHOLARSHIP | Ontario, CA | $5K | 2023 |
| University Of California IrvineSCHOLARSHIP | Irvine, CA | $5K | 2023 |
| Cal State Univ Long BeachSCHOLARSHIP | Long Beach, CA | $5K | 2023 |
| Cal State Univ San BernardinoSCHOLARSHIP | San Bernardino, CA | $5K | 2023 |
| California Univ Of Science MedicineSCHOLARSHIP | Colton, CA | $3K | 2023 |
| Walden UniversitySCHOLARSHIP | Minneapolis, MN | $3K | 2023 |
| Saint James School Of MedicineSCHOLARSHIP | Part Ridge, IL | $3K | 2023 |
| Nightingale CollegeSCHOLARSHIP | Salt Ake City, UT | $3K | 2023 |
| Rock'N Our Disabilities FoundationDONATION | Victorville, CA | $3K | 2023 |
| California University Of Science MeDONATION | Colton, CA | $3K | 2023 |
| University Of RedlandsSCHOLARSHIP | Redlands, CA | $3K | 2023 |
| Cal State University FullertonSCHOLARSHIP | Fullerton, CA | $3K | 2023 |
| Keck School Of MedicineSCHOLARSHIP | Los Angeles, CA | $3K | 2023 |
| Northwestern UniversitySCHOLARSHIP | Evanston, IL | $3K | 2023 |
| Howard UniversitySCHOLARSHIP | Washington, DC | $3K | 2023 |
| Grand Canyon UniversitySCHOLARSHIP | Phoenix, AZ | $2K | 2023 |
| Inland Empire Cricket CouncilDONATION | Rancho Cucamonga, CA | $2K | 2023 |
| Roseman UniversitySCHOLARSHIP | Hendearson, NV | $2K | 2023 |
| University Of California DavisSCHOLARSHIP | Davis, CA | $2K | 2023 |
| Telengana Development ForumDONATION | Bridgewater, NJ | $2K | 2023 |
| University Of California Santa BarbSCHOLARSHIP | Santa Barbara, CA | $2K | 2023 |
| Loving LibraryDONATION | Paradise Valley, AZ | $2K | 2023 |
| Chaffey Community UniversitySCHOLARSHIP | Rancho Cucamonga, CA | $2K | 2023 |
| Case Western Reserve UniversitySCHOLARSHIP | Cleveland, OH | $2K | 2023 |
| University Of Texas ArlingtonSCHOLARSHIP | Arlington, TX | $2K | 2023 |
| Southern Utah UniversitySCHOLARSHIP | Cedar City, UT | $2K | 2023 |
| Westcliff UniversitySCHOLARSHIP | Irvine, CA | $2K | 2023 |
| Cal State University NorthridgeSCHOLARSHIP | Northridge, CA | $2K | 2023 |
| Santa Ana CollegeSCHOLARSHIP | Santa Anna, CA | $2K | 2023 |