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Also known as: Ghanta Family Foundation
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Gx Foundation Inc. is a private corporation based in DECATUR, GA. The foundation received its IRS ruling in 2021. The principal officer is Praveen Ghanta. It holds total assets of $14.6M. Annual income is reported at $456K. Total assets have grown from $17.6M in 2021 to $22.2M in 2023. The foundation is governed by 3 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, Gx Foundation Inc. has made 32 grants totaling $2.2M, with a median grant of $80K. Annual giving has decreased from $1.3M in 2022 to $850K in 2023. Individual grants have ranged from $20K to $100K, with an average award of $67K. The foundation has supported 21 unique organizations. The foundation primarily supports organizations in Georgia, California, Maryland, which account for 84% of all grants. Grantmaking reaches organizations across 7 states. 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.
Gx Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 32 grants. Its grantmaking reaches organizations primarily in GA, CA, MD.
Gx Foundation Inc. has distributed a total of $2.2M across 32 grants. The median grant size is $80K, with an average of $67K. Individual grants have ranged from $20K to $100K.
Gx Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals. The application deadline is There are no submission deadlines. Healthcare education and environmental charities may apply.
Gx Foundation Inc. is headquartered in DECATUR, GA. While based in GA, the foundation distributes grants to organizations across 7 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Praveen Ghanta | Director | $0 | $0 | N/A |
| Sireesha C Ghanta | Executive Director | $0 | $0 | N/A |
| Guru P Ghanta | Director | $0 | $0 | N/A |
Total Giving
$856K
Total Assets
$22.2M
Fair Market Value
$22.2M
Net Worth
$22.2M
Grants Paid
$850K
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
$1M
Total Grants
32
Total Giving
$2.2M
Average Grant
$67K
Median Grant
$80K
Unique Recipients
21
Most Common Grant
$100K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| The Vitamin Angel Alliance Incdistribution of childhood vitamins in India | Goleta, CA | $100K | 2023 |
| Southface Incenergy efficiency renovations of nonprofits | Atlanta, GA | $100K | 2023 |
| Carter Center Incprevention of trachoma and blindness | Atlanta, GA | $100K | 2023 |
| Southern Alliance For Clean EnergyMothers Others for Clean Air electric bus program | Knoxville, TN | $100K | 2023 |
| Charity Waterclean water wells in Madagascar | Hagerstown, MD | $94K | 2023 |
| Tapestry Public Charter Schoolmental health counselor funding | Atlanta, GA | $68K | 2023 |
| Healthy Mothers Healthy Babiesdoulas for disadvantaged mothers | Atlanta, GA | $50K | 2023 |
| Room To Read Incchildhood literacy in India | San Francisco, CA | $50K | 2023 |
| Friends Of Refugeeschildhood and adult literacy | Clarkston, GA | $50K | 2023 |
| Heal Charityautism education in India | Ashburn, VA | $30K | 2023 |
| Trees Water Peopleclean cookstoves in central america | Fort Collins, CO | $30K | 2023 |
| Clarkston Community Health Centercharity health care | Clarkston, GA | $30K | 2023 |
| Educate Girlsgirls education in India | Forest Hills, NY | $28K | 2023 |
| Whole Woman'S Healthreproductive health care | Charlottesville, VA | $20K | 2023 |
| Carter CenterGuinea Worm Eradication | Atlanta, GA | $100K | 2022 |
| SouthfaceBuilding Energy Efficiency Upgrades | Atlanta, GA | $100K | 2022 |
| Heal Initiative UcsfHealth Care and training | San Francisco, CA | $93K | 2022 |
| Unite To LightTo research getting carbon offset credits for solar lighting | Santa Barbara, CA | $80K | 2022 |
| Vitamin AngelsMicronutrition for impoverished children | Goleta, CA | $80K | 2022 |
| Tapestry SchoolTo hire a middle school counselor | Atlanta, GA | $80K | 2022 |
| Room To ReadChildrens Education | San Francisco, CA | $20K | 2022 |
ATLANTA, GA
ATLANTA, GA
ATLANTA, GA