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Squareroot Foundation Inc. is a private corporation based in NEWARK, DE. The foundation received its IRS ruling in 2022. The principal officer is Ramesh Panchagnula. It holds total assets of $1.8M. Annual income is reported at $251K. 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 2024. According to available records, Squareroot Foundation Inc. has made 8 grants totaling $112K, with a median grant of $6K. Annual giving has grown from $25K in 2022 to $87K in 2023. Individual grants have ranged from $2K to $50K, with an average award of $14K. The foundation has supported 5 unique organizations. Grants have been distributed to organizations in New Jersey and California and Illinois. 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.
Squareroot Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 8 grants. Its grantmaking reaches organizations primarily in NJ, CA, IL.
Squareroot Foundation Inc. has distributed a total of $112K across 8 grants. The median grant size is $6K, with an average of $14K. Individual grants have ranged from $2K to $50K.
Squareroot Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Squareroot Foundation Inc. is headquartered in NEWARK, DE. While based in DE, the foundation distributes grants to organizations across 3 states.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Ramesh Bharadwaj Panchagnula | PRESIDENT AND SECRETARY | $0 | $0 | N/A |
| Raghavendra Bhat Yelluru | VICE-PRESIDENT | $0 | $0 | N/A |
| Sneha Jalawadi | TREASURER | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$1.8M
Fair Market Value
N/A
Net Worth
$1.8M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
8
Total Giving
$112K
Average Grant
$14K
Median Grant
$6K
Unique Recipients
5
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| My Dream Global FoundationGENERAL PURPOSE GRANT | Iselin, NJ | $50K | 2023 |
| Dtribals FoundationGENERAL PURPOSE GRANT | Naperville, IL | $30K | 2023 |
| Aarti For Girls IncGENERAL PURPOSE GRANT | Stanford, CA | $5K | 2023 |
| Vedic Education And Devotional AcademyGENERAL PURPOSE GRANT | Milpitas, CA | $2K | 2023 |
| Second Harvest Of Silicon ValleyGENERAL PURPOSE GRANT | San Jose, CA | $5K | 2022 |