Goyal Family Charitable Foundation
Goyal Family Charitable Foundation is a private foundation, based in Natick, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.8M in total assets. In 2024, it awarded 12 grants totaling $63K. Net investment income was $44K.
Key facts about Goyal Family Charitable Foundation
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.
- EIN
- 04-3495952
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $63,000
- Grants made (2024)
- 12
- Average grant
- $5,250
- Median grant
- $1,000
- New grantees (estimate)
- 50% first-time grantees (6 of 12, 2024)
- Total assets
- $1,791,721
- Primary geography
- Massachusetts (75% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.8M
+23.1% YoY
Annual Giving
$63K
-5.1% YoY
Grant Count
12
+33.3% YoY
Avg Grant Size
$5K
-28.8% YoY
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.
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. 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.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 12 itemized 2024 grant dollars.
Cities
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.
Grant Insights
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%).
Giving History
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 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,791,721 | $1,455,323 | $1,066,478 |
| Revenue | $148,582 | $24,400 | $20,703 |
| Expenses | $67,741 | $76,281 | $69,248 |
| Qualifying Distributions | $63,000 | $66,393 | $65,420 |
| Net Investment Income | $44,476 | $14,512 | $16,875 |
| Distributable Amount | $81,065 | $62,463 | $60,469 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
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).
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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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