Goyal Family Charitable Foundation

Private foundation · Grantmaker Natick, MA EIN: 04-3495952

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

6states

Share of all 12 itemized 2024 grant dollars.

Cities

BostonLexingtonWalthamNewtonOxfordNatickRockvilleWorcesterLa JollaMelroseCambridgeCanoga ParkHoustonNorth BethesdaPrairie VillageSugar GroveWest Roxbury

Giving Over Time

Total grant dollars and number of grants per year

$0$20K$40K$60K$80K9 grants202011 grants20219 grants20229 grants202312 grants2024

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

Indian Medical Social: $42KIndian Medical Social$42KAmerican Physiology Society: $5KAmerican Physiology Society$5KAmerican Pancreatic Association: $5KAmerican PancreaticAssociation$5KIndia Development Arpana Research: $5KIndia Development ArpanaResearch$5KSarva Dev Mandir: $1KSarva Dev Mandir$1KRamakrishna Vedanta Society of Mass: $1KRamakrishna Vedanta Society ofMass$1KGlobalcuresorg: $1KGlobalcuresorg$1KBoston Cardiac Foundation: $1KBoston Cardiac Foundation$1KBaylor College of Medicine: $1KBaylor College of Medicine$1KHindi Manch: $500Hindi Manch$500

The largest 2024 recipient was Indian Medical Social ($42K). Together the top 10 received $63K.

Grant Size Distribution

50 grants across all recorded years

48<$50K2$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 48 grants of 50 (96%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Indian Medical Social Lexington, MAEducational$42,000
American Physiology Society Rockville, MDEducational$5,000
American Pancreatic Association Prairie Village, KSEducational$5,000
India Development Arpana Research North Bethesda, MDEducational$5,000
Sarva Dev Mandir Oxford, MAReligious$1,000
Ramakrishna Vedanta Society of Mass Boston, MAReligious$1,000
Globalcuresorg Newton, MAMedical Care$1,000
Boston Cardiac Foundation Melrose, MAEducational$1,000
Baylor College of Medicine Houston, TXEducational$1,000
Hindi Manch Lexington, MAEducational$500

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$50K$100K$150K$200K20202021202220232024
Metric202420232022
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

  1. 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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