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Gupta Family Foundation is a private corporation based in GRIMES, IA. The foundation received its IRS ruling in 2019. The principal officer is Atul Gupta. It holds total assets of $2.2M. Annual income is reported at $1.4M. Total assets have grown from $1.1M in 2019 to $2.6M in 2023. The foundation is governed by 2 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 2018 to 2023. According to available records, Gupta Family Foundation has made 16 grants totaling $346K, with a median grant of $10K. Annual giving has decreased from $115K in 2020 to $80K in 2022. Grantmaking activity was highest in 2021 with $151K distributed across 6 grants. Individual grants have ranged from $1K to $100K, with an average award of $22K. The foundation has supported 10 unique organizations. The foundation primarily supports organizations in Iowa, California, Texas, which account for 88% of all grants. Grantmaking reaches organizations across 5 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$10K
Median Grant
$10K
Average Grant
$19K
Largest Grant
$55K
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.
Gupta Family Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 16 grants. Its grantmaking reaches organizations primarily in IA, CA, TX.
Gupta Family Foundation has distributed a total of $346K across 16 grants. The median grant size is $10K, with an average of $22K. Individual grants have ranged from $1K to $100K.
Gupta Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Gupta Family Foundation is headquartered in GRIMES, IA. While based in IA, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Atul Gupta | PRESIDENT | $0 | $0 | N/A |
| Sherry Gupta | VICE PRESIDE | $0 | $0 | N/A |
Total Giving
$121K
Total Assets
$2.6M
Fair Market Value
$2.7M
Net Worth
$2.6M
Grants Paid
$116K
Contributions
$88K
Net Investment Income
$10K
Distribution Amount
$120K
Total: $1.9M
Total Grants
16
Total Giving
$346K
Average Grant
$22K
Median Grant
$10K
Unique Recipients
10
Most Common Grant
$10K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Sankara Eye FoundationGENERAL | Milpitas, CA | $30K | 2022 |
| Grinnell CollegeGENERAL | Grinnell, IA | $10K | 2022 |
| CultureallGENERAL | Urbandale, IA | $100K | 2021 |
| Des Moines Area Religious CouncilGENERAL | Des Moines, IA | $10K | 2021 |
| Hindu Temple & Cultural Center Of IGENERAL | Madrid, IA | $10K | 2021 |
| India Development And Relief FundGENERAL | North Bethesda, MD | $10K | 2021 |
| Iowa Environmental CouncilGENERAL | Des Moines, IA | $1K | 2021 |
| Akshaya PatraGENERAL | Stoneham, MA | $10K | 2020 |
| Ekal Vidyalaya Foundation Of UsaGENERAL | Houston, TX | $10K | 2020 |
| Sankara Eye Foundation UsaGENERAL | Milpitas, CA | $10K | 2020 |
COUNCIL BLFS, IA
MUSCATINE, IA
CEDAR RAPIDS, IA