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Rao Family Foundation is a private corporation based in WILMINGTON, DE. The foundation received its IRS ruling in 2021. The principal officer is Foundation Source. It holds total assets of $3.4M. Annual income is reported at $2.2M. Total assets have grown from $6K in 2020 to $3.4M in 2024. 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 2020 to 2024. According to available records, Rao Family Foundation has made 2 grants totaling $65K, with a median grant of $33K. Individual grants have ranged from $15K to $50K, with an average award of $33K. Grant recipients are concentrated in Utah. 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.
Rao Family Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 2 grants. Its grantmaking reaches organizations primarily in UT.
Rao Family Foundation has distributed a total of $65K across 2 grants. The median grant size is $33K, with an average of $33K. Individual grants have ranged from $15K to $50K.
Rao Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Rao Family Foundation is headquartered in WILMINGTON, DE.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Ravi Adusumalli | Dir, Treas | $0 | $0 | N/A |
| Mairi Leining | Dir, Pres, Sec | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$3.4M
Fair Market Value
N/A
Net Worth
$3.4M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
2
Total Giving
$65K
Average Grant
$33K
Median Grant
$33K
Unique Recipients
1
Most Common Grant
$50K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Peoples Health Clinic IncWomen's Health and Employee Scholarship Fund | Park City, UT | $50K | 2023 |