Goyal Family Charitable Foundation
Goyal Family Charitable Foundation is a private foundation based in Natick, Massachusetts. Its 2024 filing reports grants to charitable organizations for educational, religious, medical-care, and community-support purposes.
Goyal Family Charitable Foundation at a glance
In short: Goyal Family Charitable Foundation gave $63K across 12 grants in 2024 (avg $5K), mostly in Massachusetts. 50% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $63,000
- -5.1% vs 2023
- Grants made (2024)
- 12
- +33.3% vs 2023
- Average grant
- $5,250
- -28.8% vs 2023
- Median grant
- $1,000
- Total assets
- $1,791,721
- +23.1% vs 2023
- New grantees (estimate)
- 50% first-time grantees (6 of 12, 2024; small sample)
- Primary geography
- Massachusetts (75% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Goyal Family Charitable Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it does not accept unsolicited requests and makes contributions only to preselected charitable organizations. The filing lists Raj Goyal as the contact; form and materials, deadlines, and restrictions on awards are listed as N/A.
- Contact
Application contact: Raj Goyal
Mailing address: 61 Winston Road, Newton, MA 02459
Phone: (617) 244-1420
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Goyal Family Charitable Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Indian Medical Social ($42K). Together the top 10 received $63K.
Grant Size Distribution
50 grants across all recorded years
The most common grant size was under $50K: 48 grants of 50 (96%).
Geographic Focus
Where this funder awards grants
In 2024, 75% of grant dollars went to recipients in Massachusetts, 16% to Maryland, 8% to Kansas, and 2% to Texas.
Grant Distribution by State
Share of 2024 grant dollars across all 12 itemized grants.
Cities
Is Goyal Family Charitable Foundation open to new grantees?
50%
first-time grantees, 2024
In 2024, 6 of 12 grantees (50%) were first-time recipients. With only 12 grantees, that is a small sample: one grantee more or less moves the share by about 8 points. First grants averaged $10K; repeat grants $800. How we count
Medians: $5K first-time, $1K repeat.
- 50% of 2024 grantees were also funded in 2023. Method
- Giving grew 20% 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
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $47K (2020) to $66K (2023). In 2024 it made 12 grants totaling $63K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Indian Medical Social Lexington, MA | Educational | $42,000 |
| American Physiology Society Rockville, MD | Educational | $5,000 |
| American Pancreatic Association Prairie Village, KS | Educational | $5,000 |
| India Development Arpana Research North Bethesda, MD | Educational | $5,000 |
| Sarva Dev Mandir Oxford, MA | Religious | $1,000 |
| Ramakrishna Vedanta Society of Mass Boston, MA | Religious | $1,000 |
| Globalcuresorg Newton, MA | Medical Care | $1,000 |
| Boston Cardiac Foundation Melrose, MA | Educational | $1,000 |
| Baylor College of Medicine Houston, TX | Educational | $1,000 |
| Hindi Manch Lexington, MA | Educational | $500 |
Ready to take the next step with Goyal Family Charitable Foundation?
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 | $1,791,721 | $148,582 | $67,741 | $63,000 | 12 | $63,000 | $44,476 | $81,065 |
| 2023 | $1,455,323 | $24,400 | $76,281 | $66,393 | 9 | $66,393 | $14,512 | $62,463 |
| 2022 | $1,066,478 | $20,703 | $69,248 | $65,420 | 9 | $65,420 | $16,875 | $60,469 |
| 2021 | $1,448,192 | $23,543 | $57,234 | $52,300 | 11 | $52,300 | $18,609 | $66,855 |
| 2020 | $1,235,328 | $37,771 | $53,118 | $47,400 | 9 | — | $32,053 | $51,972 |
Under IRS private-foundation payout rules, Goyal Family Charitable Foundation reported a distributable amount of $81K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement is provided. The 2024 grants show support for organizations and activities associated with education, religion, medical care, and community support. Among its grantees, Boston Cardiac Foundation describes its mission as bringing medical technologies and services to less developed countries; Baylor College of Medicine describes its mission as advancing human health through patient care, research, education, and community services; and Natick Service Council describes its mission as providing assistance and guidance to individuals in need. These are the grantees’ stated missions, not the foundation’s.
Grantmaking
In filing year 2024, the foundation reported 12 grants totaling $63,000. Grant amounts ranged from $200 to $42,000, with a median of $1,000. Notable grants included $42,000 to Indian Medical Social for educational purposes; $5,000 each to American Physiology Society, American Pancreatic Association, and India Development Arpana Research, all for educational purposes; and $1,000 each to Sarva Dev Mandir and Ramakrishna Vedanta Society of Mass for religious purposes, GlobalCures.org for medical care, Boston Cardiac Foundation for educational purposes, and Baylor College of Medicine for educational purposes.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Raj K Goyal as president, treasurer, and director; Prem Goyal as director; Anish Goyal and Sunita Goyal as treasurers; and Amar Gupta and Jag Bhawan as secretaries.
Goyal Family Charitable Foundation is led by Raj K. Goyal, President, Treasurer & Director on every filing since 2020; none of the 6 officers listed in 2024 report compensation.
Officers on the 2024 filing
Raj K. Goyal
President, Treasurer & Director
On filings since 2020
No compensation reported
Prem Goyal
Director
On filings since 2020
No compensation reported
Amar Gupta
Secretary
On filings since 2020
No compensation reported
Anish Goyal
Treasurer
On filings since 2020
No compensation reported
Jag Bhawan
Secretary
On filings since 2020
No compensation reported
Sunita Goyal
Treasurer
On filings since 2020
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 Goyal Family Charitable Foundation
How much does Goyal Family Charitable Foundation give each year?
Goyal Family Charitable Foundation gave $63K across 12 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $66K across 9 grants.
What is Goyal Family Charitable Foundation's typical grant size?
Goyal Family Charitable Foundation's median grant in 2024 was $1,000, and its average grant was $5,250, across 12 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Goyal Family Charitable Foundation that year got $10K on average.
Where does Goyal Family Charitable Foundation give grants?
Goyal Family Charitable Foundation gives mostly in Massachusetts: 75% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Maryland (16%) and Kansas (8%). The most frequent recipient cities were Lexington, MA (2 grants) and Boston, MA (2 grants).
Does Goyal Family Charitable Foundation give general operating support?
Not in 2024: none of the 12 grants with a stated purpose on Goyal Family Charitable Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Educational" (8 grants).
Who are Goyal Family Charitable Foundation's largest grantees?
Goyal Family Charitable Foundation's largest 2024 grantees include Indian Medical Social ($42,000), American Physiology Society ($5,000) and American Pancreatic Association ($5,000), according to its 2024 IRS Form 990-PF. Together they received 83% of its itemized 2024 grant dollars.
How large is Goyal Family Charitable Foundation?
Goyal Family Charitable Foundation reported $1.8M in total assets on its 2024 IRS Form 990-PF. It paid out $63K in qualifying distributions that year, against a required minimum of $81K (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 does Goyal Family Charitable Foundation fund?
No mission statement is provided. The 2024 grants show support for organizations and activities associated with education, religion, medical care, and community support. See mission & focus areas ↑
How do I apply for a grant from Goyal Family Charitable Foundation?
The foundation states that it does not accept unsolicited requests and makes contributions only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Goyal Family Charitable Foundation's EIN?
Goyal Family Charitable Foundation's EIN (Employer Identification Number) is 04-3495952. IRS Form 990 filing data is available on this page for 2020–2024.
Does Goyal Family Charitable Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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 Goyal Family Charitable Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
- Nixa Affiliate Grantmaking Program Up to US $10,000 · Due October 19, 2026
- Community and School Grants $28,000 total pool; 10-15 grants expected · Due October 19, 2026
- Mary Pinola/Crescenta Valley Chamber Education Fund $500 - $5,000 for ongoing programs; up to $15,000 for Strategic Initiative Grants · Due October 19, 2026
Explore Open Grants
Browse active grant opportunities in Goyal Family Charitable Foundation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Goyal Family Charitable Foundation funder profile. GrantGraph. Retrieved October 19, 2026, from https://grantable.co/funders/goyal-family-charitable-foundation-morg_de448a6665fe485f999502e69e52cdc6
BibTeX
@misc{grantable_043495952_2026,
author = {{Grantable}},
title = {{Goyal Family Charitable Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/goyal-family-charitable-foundation-morg_de448a6665fe485f999502e69e52cdc6},
note = {Accessed 2026-10-19. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Goyal Family Charitable Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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