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Gurnani Foundation is a private corporation based in SECAUCUS, NJ. The foundation received its IRS ruling in 2015. The principal officer is Ashok Gurnani. It holds total assets of $1.3M. Annual income is reported at $1.1M. Total assets have grown from $623K in 2022 to $1.2M 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 2022 to 2023. According to available records, Gurnani Foundation has made 6 grants totaling $530K, with a median grant of $5K. Individual grants have ranged from $5K to $255K, with an average award of $88K. The foundation has supported 3 unique organizations. Grants have been distributed to organizations in New Jersey and California. 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.
Gurnani Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 6 grants. Its grantmaking reaches organizations primarily in NJ, CA.
Gurnani Foundation has distributed a total of $530K across 6 grants. The median grant size is $5K, with an average of $88K. Individual grants have ranged from $5K to $255K.
Gurnani Foundation typically selects its grantees rather than accepting unsolicited proposals.
Gurnani Foundation is headquartered in SECAUCUS, NJ. While based in NJ, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Ashok Gurnani | PRESIDENT | $0 | $0 | N/A |
| Veena Ashok Gurnani | DIRECTOR | $0 | $0 | N/A |
| Taraprasad Ashok Gurnani | DIRECTOR | $0 | $0 | N/A |
| Joel Paritz | TREASURER | $0 | $0 | N/A |
Total Giving
$13K
Total Assets
$1.2M
Fair Market Value
$1.2M
Net Worth
$1.2M
Grants Paid
$6K
Contributions
$450K
Net Investment Income
$30K
Distribution Amount
$43K
Total: $197K
Total Grants
6
Total Giving
$530K
Average Grant
$88K
Median Grant
$5K
Unique Recipients
3
Most Common Grant
$5K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Sadhu Vaswani CenterCOMMUNITY OUTREACH | East Brunswick, NJ | $255K | 2022 |
| Ved Mandir IncCOMMUNITY OUTREACH | Miltown, NJ | $5K | 2022 |
| Sankara Eye FoundationCOMMUNITY OUTREACH | Milpitas, CA | $5K | 2022 |