Dr Patel Family Charitable Trust is a private foundation focused on Education, based in VERNON, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $101K in total assets. In 2024, it awarded 5 grants totaling $7K. Net investment income was $6K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$101K
-0.9% YoY
Annual Giving
$7K
+11.7% YoY
Grant Count
5
+0.0% YoY
Avg Grant Size
$1K
+11.7% YoY
Under IRS private-foundation payout rules, Dr Patel Family Charitable Trust reported a distributable amount of $6K for 2024 — the minimum it must pay out in qualifying distributions.
About Dr Patel Family Charitable Trust
Based on IRS filings
Dr Patel Family Charitable Trust is a private foundation focused on Education, based in VERNON, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $101K in total assets. In 2024, it awarded 5 grants totaling $7K. Net investment income was $6K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $101,185 | $102,121 | $106,886 |
| Revenue | $7,974 | $3,474 | $15,821 |
| Expenses | $8,910 | $8,239 | $8,224 |
| Qualifying Distributions | $6,500 | $5,821 | $5,787 |
| Net Investment Income | $5,739 | $1,465 | $3,860 |
| Distributable Amount | $5,857 | $5,326 | $5,141 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
24 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Alyssa Chiev ($1,300), Dane Kieschnick ($1,300), Reina Quilodran ($1,300).
| Recipient | Purpose | Amount |
|---|---|---|
| Alyssa Chiev Carrolton, TX | Higher Education | $1,300 |
| Dane Kieschnick Vernon, TX | Higher Education | $1,300 |
| Reina Quilodran Vernon, TX | Higher Education | $1,300 |
| Marli Limon Vernon, TX | Higher Education | $1,300 |
| Christina Cervantes Vernon, TX | Higher Education | $1,300 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| James E Smith | Chairman/Trustee | — | — |
| Albert Ragland | Successor Chairman/Trustee | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Dr Patel Family Charitable Trust?
Dr Patel Family Charitable Trust is a private foundation focused on Education, based in VERNON, TX. It holds $101K in total assets as of 2024.
How large is Dr Patel Family Charitable Trust?
As of 2024, Dr Patel Family Charitable Trust holds $101K in total assets with $8K in annual revenue. It awarded 5 grants totaling $7K in 2024.
Where does Dr Patel Family Charitable Trust operate?
Dr Patel Family Charitable Trust has awarded grants in Texas.
What size grants does Dr Patel Family Charitable Trust award?
In 2024, Dr Patel Family Charitable Trust awarded 5 grants totaling $7K — an average of about $1K per grant, based on its IRS Form 990 filings.
How much is Dr Patel Family Charitable Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Dr Patel Family Charitable Trust reported a distributable amount of $6K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Dr Patel Family Charitable Trust's EIN?
Dr Patel Family Charitable Trust's EIN (Employer Identification Number) is 75-2743357. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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