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Gali Foundation is a private corporation based in SOUTH PORTLAND, ME. The foundation received its IRS ruling in 2022. The principal officer is Suresh Gali. It holds total assets of $1.5M. Annual income is reported at $385K. Total assets have grown from $500K in 2021 to $1.5M in 2023. The foundation is governed by 6 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2021 to 2023. According to available records, Gali Foundation has made 3 grants totaling $170K, with a median grant of $60K. Annual giving has decreased from $120K in 2022 to $50K in 2023. Individual grants have ranged from $50K to $60K, with an average award of $57K. The foundation has supported 2 unique organizations. Grant recipients are concentrated in Maine. Contributions to this foundation are tax-deductible.
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.
Gali Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 3 grants. Its grantmaking reaches organizations primarily in ME.
Gali Foundation has distributed a total of $170K across 3 grants. The median grant size is $60K, with an average of $57K. Individual grants have ranged from $50K to $60K.
Gali Foundation typically selects its grantees rather than accepting unsolicited proposals.
Gali Foundation is headquartered in SOUTH PORTLAND, ME.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Pallavi Gali | TRUSTEE | $0 | $0 | N/A |
| Surekha Kaza | TREASURER | $0 | $0 | N/A |
| Maanasa Gali | TRUSTEE | $0 | $0 | N/A |
| Lakshmi Gali | TRUSTEE | $0 | $0 | N/A |
| Suresh Gali | SECRETARY | $0 | $0 | N/A |
| Bhujanga Rao Gali | PRESIDENT | $0 | $0 | N/A |
Total Giving
$65K
Total Assets
$1.5M
Fair Market Value
$1.5M
Net Worth
$1.5M
Grants Paid
$50K
Contributions
N/A
Net Investment Income
$21K
Distribution Amount
$68K
Total: $1.1M
Total Grants
3
Total Giving
$170K
Average Grant
$57K
Median Grant
$60K
Unique Recipients
2
Most Common Grant
$60K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Prosperity MeGENERAL SUPPORT | Portland, ME | $50K | 2023 |
| Maine Immigrants Rights CoalitionGENERAL SUPPORT | Portland, ME | $60K | 2022 |