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Saras Foundation is a private corporation based in EXCELSIOR, MN. The foundation received its IRS ruling in 2019. It holds total assets of $1.6M. Annual income is reported at $205K. Total assets have grown from $314K in 2019 to $1.2M 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 2020 to 2023. Funding is distributed across 4 states, including Minnesota, Illinois, Virginia. According to available records, Saras Foundation has made 21 grants totaling $248K, with a median grant of $1K. Annual giving has grown from $27K in 2021 to $108K in 2023. Grantmaking activity was highest in 2022 with $113K distributed across 12 grants. Individual grants have ranged from $500 to $101K, with an average award of $12K. The foundation has supported 11 unique organizations. The foundation primarily supports organizations in Illinois, Minnesota, Virginia, which account for 76% of all grants. Grantmaking reaches organizations across 5 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$500
Median Grant
$1K
Average Grant
$9K
Largest Grant
$50K
Based on 6 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.
Saras Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 21 grants. Its grantmaking reaches organizations primarily in IL, MN, VA.
Saras Foundation has distributed a total of $248K across 21 grants. The median grant size is $1K, with an average of $12K. Individual grants have ranged from $500 to $101K.
Saras Foundation typically selects its grantees rather than accepting unsolicited proposals.
Saras Foundation is headquartered in EXCELSIOR, MN. While based in MN, the foundation distributes grants to organizations across 5 states.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Parthiv Krishna | DIRECTOR | $0 | $0 | N/A |
| Suresh Krishna | PRESIDENT | $0 | $0 | N/A |
| Bhuvana Nandakumar | SECRETARY AND TREASURER | $0 | $0 | N/A |
Total Giving
$114K
Total Assets
$1.2M
Fair Market Value
$1.2M
Net Worth
$1.2M
Grants Paid
$108K
Contributions
$100K
Net Investment Income
$183K
Distribution Amount
$51K
Total: $911K
Total Grants
21
Total Giving
$248K
Average Grant
$12K
Median Grant
$1K
Unique Recipients
11
Most Common Grant
$1K
of 2023 grantees were first-time recipients
No individual grant records are available. Visit the foundation's 990-PF filings below for detailed grantee information.