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Ravi B Reddy Foundation Inc. is a private corporation based in MORRISTOWN, NJ. The foundation received its IRS ruling in 2011. The principal officer is Ravi Reddy. It holds total assets of $277K. Annual income is reported at $92K. Total assets have decreased from $2.3M in 2010 to $335K in 2022. 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 2016 to 2023. The foundation primarily funds organizations in New Jersey, New York and Pennsylvania. According to available records, Ravi B Reddy Foundation Inc. has made 12 grants totaling $3.6M, with a median grant of $10K. Annual giving has grown from $17K in 2021 to $34K in 2023. Grantmaking activity was highest in 2022 with $3.5M distributed across 4 grants. Individual grants have ranged from $500 to $1.8M, with an average award of $298K. The foundation has supported 7 unique organizations. The foundation primarily supports organizations in New Jersey, New York, California, which account for 75% of all grants. Grantmaking reaches organizations across 5 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$2K
Median Grant
$5K
Average Grant
$8K
Largest Grant
$16K
Based on 5 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.
Ravi B Reddy Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 12 grants. Its grantmaking reaches organizations primarily in NJ, NY, CA.
Ravi B Reddy Foundation Inc. has distributed a total of $3.6M across 12 grants. The median grant size is $10K, with an average of $298K. Individual grants have ranged from $500 to $1.8M.
Ravi B Reddy Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Ravi B Reddy Foundation Inc. is headquartered in MORRISTOWN, NJ. While based in NJ, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Naveen Reddy | Trustee | $0 | $0 | N/A |
| Ravi Reddy | President | $0 | $0 | N/A |
Total Giving
$52K
Total Assets
$335K
Fair Market Value
$433K
Net Worth
$335K
Grants Paid
$34K
Contributions
N/A
Net Investment Income
$17K
Distribution Amount
$21K
Total Grants
12
Total Giving
$3.6M
Average Grant
$298K
Median Grant
$10K
Unique Recipients
7
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Comm Pure Water - Nandita Das InitiCHARITABLE AND EDUCATIONAL PURPOSES AND FOR THE RELIEF OF POVERTY IN ACCORDANCE WITH ORGANIZATION DOCUMENT. | Wor Li Mumbai | $12K | 2023 |
| Ink Global FoundationCHARITABLE AND EDUCATIONAL PURPOSES AND FOR THE RELIEF OF POVERTY IN ACCORDANCE WITH ORGANIZATION DOCUMENT. | Santa Clara, CA | $10K | 2023 |
| Community Pure Water Foundation IncCHARITABLE AND EDUCATIONAL PURPOSES AND FOR THE RELIEF OF POVERTY IN ACCORDANCE WITH ORGANIZATION DOCUMENT. | Union, NJ | $5K | 2023 |
| American India FoundationCHARITABLE AND EDUCATIONAL PURPOSES AND FOR THE RELIEF OF POVERTY IN ACCORDANCE WITH ORGANIZATION DOCUMENT. | New York, NY | $4K | 2023 |
| Solar Village ProjectCHARITABLE AND EDUCATIONAL PURPOSES AND FOR THE RELIEF OF POVERTY IN ACCORDANCE WITH ORGANIZATION DOCUMENT. | Crofton, MD | $4K | 2023 |
| Telengana Development ForumCHARITABLE AND EDUCATIONAL PURPOSES AND FOR THE RELIEF OF POVERTY IN ACCORDANCE WITH ORGANIZATION DOCUMENT. | Vienna, VA | $6K | 2021 |
| Halos For AngelsCHARITABLE AND EDUCATIONAL PURPOSES AND FOR THE RELIEF OF POVERTY IN ACCORDANCE WITH ORGANIZATION DOCUMENT. | Florham Park, NJ | $500 | 2021 |