Baru and Prem Goyal Foundation
Baru and Prem Goyal Foundation is a private foundation focused on Human Services, based in Houston, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $522K in total assets. In 2024, it awarded 5 grants totaling $26K.
Baru and Prem Goyal Foundation at a glance
In short: Baru and Prem Goyal Foundation gave $26K across 5 grants in 2024 (avg $5K), mostly in Texas. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $26,318
- +14.5% vs 2023
- Grants made (2024)
- 5
- +0.0% vs 2023
- Average grant
- $5,264
- +14.5% vs 2023
- Median grant
- $4,344
- Total assets
- $521,777
- +162.7% vs 2023
- Primary geography
- Texas (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Baru and Prem Goyal Foundation funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
The largest 2024 recipient was Hindu Worship Society ($14K across 2 grants). Together the top 4 received $26K.
Grant Size Distribution
18 grants across all recorded years
The most common grant size was under $50K: 18 grants of 18 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 5 itemized grants.
States
Cities
How Baru and Prem Goyal Foundation gives
- Giving grew 108% from 2021 to 2024. Method
- In 2024 it paid out 78% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2024, annual grant giving ranged from $13K (2021) to $52K (2022). In 2024 it made 5 grants totaling $26K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Hindu Worship Society Houston, TX | Religiouscharity | $10,008 |
| UT MD Anderson Houston, TX | Hospitalcharity | $8,100 |
| Hindu Worship Society Houston, TX | Religiouscharity | $4,344 |
| Ekal Vidyalay Houston, TX | Socialcharitable | $3,650 |
| Iskcon Houston, TX | Religiouscharity | $216 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $521,777 | $357,028 | $33,884 | $26,318 | 5 | $33,884 | — | $43,192 |
| 2023 | $198,633 | $739 | $22,982 | $22,982 | 5 | $22,882 | $739 | $29,689 |
| 2022 | $210,776 | $684 | $52,355 | $52,355 | 4 | $52,355 | $684 | $10,791 |
| 2021 | $615,444 | $378,122 | $12,678 | $12,658 | 4 | $12,658 | $2,100 | $34,795 |
| 2020 | $250,000 | $250,000 | — | — | — | — | — | $1,026 |
Under IRS private-foundation payout rules, Baru and Prem Goyal Foundation reported a distributable amount of $43K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Baru and Prem Goyal Foundation is led by Baru Goyal Director, President on every filing since 2020; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Baru Goyal Director
President
On filings since 2020
No compensation reported
Prem Goyal Director
Vice President
New on the 2024 filing
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Baru and Prem Goyal Foundation
How much does Baru and Prem Goyal Foundation give each year?
Baru and Prem Goyal Foundation gave $26K across 5 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $23K across 5 grants.
What is Baru and Prem Goyal Foundation's typical grant size?
Baru and Prem Goyal Foundation's median grant in 2024 was $4,344, and its average grant was $5,264, across 5 grants on its 2024 IRS Form 990-PF.
Where does Baru and Prem Goyal Foundation give grants?
Baru and Prem Goyal Foundation gives mostly in Texas: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Houston, TX (5 grants).
Does Baru and Prem Goyal Foundation give general operating support?
Not in 2024: none of the 5 grants with a stated purpose on Baru and Prem Goyal Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Religiouscharity" (3 grants).
Who are Baru and Prem Goyal Foundation's largest grantees?
Baru and Prem Goyal Foundation's largest 2024 grantees include Hindu Worship Society ($14,352 across 2 grants), UT MD Anderson ($8,100) and Ekal Vidyalay ($3,650), according to its 2024 IRS Form 990-PF. Together they received 99% of its itemized 2024 grant dollars.
How large is Baru and Prem Goyal Foundation?
Baru and Prem Goyal Foundation reported $522K in total assets on its 2024 IRS Form 990-PF. It paid out $34K in qualifying distributions that year, against a required minimum of $43K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Baru and Prem Goyal Foundation?
Baru and Prem Goyal Foundation is a private foundation focused on Human Services, based in Houston, TX. It holds $522K in total assets as of 2024.
What is Baru and Prem Goyal Foundation's EIN?
Baru and Prem Goyal Foundation's EIN (Employer Identification Number) is 85-3519544. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Baru and Prem Goyal Foundation funds
Human Services Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Baru and Prem Goyal Foundation's focus areas in our free grants database
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