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Gabani Family Foundation is a private corporation based in ROUND ROCK, TX. The foundation received its IRS ruling in 2022. The principal officer is Prashant Gabani. It holds total assets of $222K. Annual income is reported at $160K. Total assets have grown from $100K in 2021 to $222K in 2023. Distributed socks to homeless population in Austin TX area. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2021 to 2023. Funding is distributed across 6 states, including Texas, New Jersey, North Carolina. According to available records, Gabani Family Foundation has made 18 grants totaling $33K, with a median grant of $699. Individual grants have ranged from $100 to $6K, with an average award of $2K. The foundation has supported 9 unique organizations. The foundation primarily supports organizations in Texas, New Jersey, North Carolina, which account for 67% of all grants. Grantmaking reaches organizations across 6 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$100
Median Grant
$699
Average Grant
$2K
Largest Grant
$6K
Based on 9 grants from the most recent 990-PF filing.
Distributed socks to homeless population in Austin TX area
Expenses: $192
Distributed socks to homeless population in Austin TX area. Based on available records, the foundation has funded 18 grants. Its grantmaking reaches organizations primarily in TX, NJ, NC.
Gabani Family Foundation has distributed a total of $33K across 18 grants. The median grant size is $699, with an average of $2K. Individual grants have ranged from $100 to $6K.
Gabani Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Gabani Family Foundation is headquartered in ROUND ROCK, TX. While based in TX, the foundation distributes grants to organizations across 6 states.
Officer and trustee information is not yet available for this foundation. This data is typically reported in Part VIII of the 990-PF filing.
Total Giving
$129K
Total Assets
$222K
Fair Market Value
$224K
Net Worth
$202K
Grants Paid
$18K
Contributions
$160K
Net Investment Income
N/A
Distribution Amount
$8K
Total Grants
18
Total Giving
$33K
Average Grant
$2K
Median Grant
$699
Unique Recipients
9
Most Common Grant
$1K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Baps CharitiesFulfill the mission of the charitable organization | Robbinsville, NJ | $6K | 2022 |
| Priya PatelEducational Scholarship | Dallas, TX | $6K | 2022 |
| Spcs OrganizationFulfill mission of the charity | Morrisville, NC | $1K | 2022 |
| Breast Cancer Resource CenterFulfill mission of the charity | Austin, TX | $1K | 2022 |
| Astro RoiFulfill mission of the charity | Arlington, VA | $699 | 2022 |
| Bharatiya Senior Citizen Of DallasFulfill the mission of the organization | Richardson, TX | $500 | 2022 |
| Giving GadgetsFulfill mission of the charity | St, IL | $280 | 2022 |
| Charity WaterFulfill mission of the charity | Hagerstown, MD | $100 | 2022 |
| Susan GFulfill mission of the charity | Dallas, TX | $100 | 2022 |