//
Work at this foundation?
Claim this profile to manage it and see interest from grant seekers.
Gangwal Foundation is a private corporation based in S BARRINGTON, IL. The foundation received its IRS ruling in 2015. It holds total assets of $258K. Annual income is reported at N/A. Total assets have grown from $95K in 2014 to $284K in 2023. The foundation is governed by 4 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 2016 to 2023. The foundation primarily funds organizations in Illinois and New York. According to available records, Gangwal Foundation has made 5 grants totaling $50K, with a median grant of $15K. Annual giving has decreased from $35K in 2022 to $15K in 2023. Individual grants have ranged from $3K to $15K, with an average award of $10K. The foundation has supported 2 unique organizations. Grants have been distributed to organizations in Illinois and New York. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$3K
Average Grant
$3K
Largest Grant
$5K
Based on 6 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.
Gangwal Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 5 grants. Its grantmaking reaches organizations primarily in IL, NY.
Gangwal Foundation has distributed a total of $50K across 5 grants. The median grant size is $15K, with an average of $10K. Individual grants have ranged from $3K to $15K.
Gangwal Foundation typically selects its grantees rather than accepting unsolicited proposals.
Gangwal Foundation is headquartered in S BARRINGTON, IL. While based in IL, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Mukesh Gangwal | PRESIDENT/DIRECTOR | $0 | $0 | N/A |
| Nita Gangwal | TREASURER/DIRECTOR | $0 | $0 | N/A |
| Vidur Gangwal | DIRECTOR | $0 | $0 | N/A |
| Veer Gangwal | DIRECTOR | $0 | $0 | N/A |
Total Giving
$16K
Total Assets
$284K
Fair Market Value
$284K
Net Worth
$284K
Grants Paid
$15K
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
$15K
Total Grants
5
Total Giving
$50K
Average Grant
$10K
Median Grant
$15K
Unique Recipients
2
Most Common Grant
$15K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Nch FoundationUNRESTRICTED USE OF THE CHARITY | Arlington Heights, IL | $15K | 2023 |
| American India FoundationUNRESTRICTED USE OF THE CHARITY | New York, NY | $3K | 2022 |