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Patni Family Foundation Inc. is a private corporation based in WILMINGTON, DE. The foundation received its IRS ruling in 2012. The principal officer is % Narendra K Patni. It holds total assets of $2.5M. Annual income is reported at $807K. THE FOUNDATION ACCOMPLISHES ITS CHARITABLE PURPOSE SOLELY THROUGH A PROGRAM OF MAKING CHARITABLE GIFTS TO OTHER TAX-EXEMPT NOT FOR PROFIT ORGANIZATIONS. According to available records, Patni Family Foundation Inc. has made 7 grants totaling $134K, with a median grant of $2K. Annual giving has grown from $4K in 2020 to $123K in 2023. Individual grants have ranged from $2K to $121K, with an average award of $19K. The foundation has supported 2 unique organizations. Grants have been distributed to organizations in New Jersey and Massachusetts. Contributions to this foundation are tax-deductible.
THE FOUNDATION ACCOMPLISHES ITS CHARITABLE PURPOSE SOLELY THROUGH A PROGRAM OF MAKING CHARITABLE GIFTS TO OTHER TAX-EXEMPT NOT FOR PROFIT ORGANIZATIONS
Expenses: $54K
THE FOUNDATION ACCOMPLISHES ITS CHARITABLE PURPOSE SOLELY THROUGH A PROGRAM OF MAKING CHARITABLE GIFTS TO OTHER TAX-EXEMPT NOT FOR PROFIT ORGANIZATIONS. Based on available records, the foundation has funded 7 grants. Its grantmaking reaches organizations primarily in NJ, MA.
Patni Family Foundation Inc. has distributed a total of $134K across 7 grants. The median grant size is $2K, with an average of $19K. Individual grants have ranged from $2K to $121K.
Patni Family Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals. THE FOUNDATION WILL MAKE GRANTS TO CHARITABLE ORGANIZATIONS WITHIN THE MEANING OF IRC SECTION 501(C)(3) SELECTED BY THE DIRECTORS WITH THOSE GRANTS TO BE USED SOLELY FOR THE CHARITABLE PURPOSE OF THE RECIPIENT ORGANIZATION.
Patni Family Foundation Inc. is headquartered in WILMINGTON, DE. While based in DE, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Anirudh Patni | DIRECTOR TREASURER | $0 | $0 | $0 |
| Poonam Patni | DIRECTOR | $0 | $0 | $0 |
| Ambika Patni | DIRECTOR | $0 | $0 | $0 |
| Kenneth L Grinnell | ASSISTANT SECRETARY | $0 | $0 | $0 |
Total Giving
$168K
Total Assets
$2.5M
Fair Market Value
$3.4M
Net Worth
$2.5M
Grants Paid
$123K
Contributions
$0
Net Investment Income
$98K
Distribution Amount
$159K
Total: $2.5M
Total Grants
7
Total Giving
$134K
Average Grant
$19K
Median Grant
$2K
Unique Recipients
2
Most Common Grant
$2K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| International Mahavira Jain MissionGENERAL PURPOSE CONTRIBUTION | Blairstown, NJ | $121K | 2023 |
| Women'S Lunch PlaceGENERAL PURPOSE GRANT | Boston, MA | $2K | 2023 |
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