Goyal Family Foundation Inc
Goyal Family Foundation Inc is a private foundation based in Whitestone, New York. In 2024, it reported 10 grants totaling $22,698 to charitable organizations and institutions.
Goyal Family Foundation Inc at a glance
In short: Goyal Family Foundation Inc gave $23K across 10 grants in 2024 (avg $2K), top state Connecticut. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $22,698
- +131.6% vs 2023
- Grants made (2024)
- 10
- +66.7% vs 2023
- Average grant
- $2,270
- +39.0% vs 2023
- Median grant
- $1,500
- Total assets
- $383,029
- -0.8% vs 2023
- Primary geography
- Connecticut (23% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
How to apply to Goyal Family Foundation Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 154-62 Powells Cove Blvd, Whitestone, NY 11357
Phone: (718) 767-0121
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Goyal Family Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Yale University ($5K). Together the top 10 received $23K.
Grant Size Distribution
30 grants across all recorded years
The most common grant size was under $50K: 30 grants of 30 (100%).
Geographic Focus
Where this funder awards grants
The foundation’s 2024 grant dollars were distributed among recipients in Connecticut (23%), Massachusetts (23%), Pennsylvania (23%), New York (20%), and Georgia (9%).
Grant Distribution by State
Share of 2024 grant dollars across all 10 itemized grants.
Cities
How Goyal Family Foundation Inc gives
- 40% of 2024 grantees were also funded in 2023. Method
- Giving grew 3683% from 2021 to 2024. Method
- In 2024 it paid out 61% 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 (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 $600 (2021) to $23K (2024). In 2024 it made 10 grants totaling $23K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Yale University New Haven, CT | Charity | $5,334 |
| Harvard Univ Cambridge, MA | Charity | $5,334 |
| Upenn Philadelphia, PA | Charity | $5,334 |
| Georgia Institute of Technology Atlanta, GA | Charity | $2,000 |
| India Association of Long Island Hicksville, NY | Charity | $1,750 |
| India Home Jamaica, NY | Charity | $1,250 |
| Cooper Union New York, NY | Charity | $1,000 |
| Vegan Vision Paterson, NJ | Charity | $250 |
| Girls Scouts of United New York, NY | Charity | $246 |
| National Indo-American Asso for Oak Gardens, NY | Charity | $200 |
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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 | $383,029 | $21,281 | $24,517 | $22,698 | 10 | $24,230 | $21,267 | $40,030 |
| 2023 | $386,269 | $21,450 | $11,331 | $9,800 | 6 | $11,086 | $21,450 | $38,535 |
| 2022 | $376,157 | $15,218 | $9,997 | $7,801 | 7 | $1,948 | $15,218 | $32,596 |
| 2021 | $370,935 | $81,079 | $1,222 | $600 | 2 | $500 | $81,078 | $30,045 |
| 2020 | $291,061 | $13,068 | $6,768 | $6,195 | 5 | — | $13,066 | $26,226 |
Under IRS private-foundation payout rules, Goyal Family Foundation Inc reported a distributable amount of $40K 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
The foundation’s stated mission is not provided. Its 2024 grants went to universities and other organizations. One recipient, India Home, describes its mission as addressing the needs of and empowering South Asian and Indo-Caribbean senior immigrants in New York City through culturally competent services, programs, and activities.
Grantmaking
In 2024, the foundation made 10 grants totaling $22,698. Grants ranged from $200 to $5,334, with a median of $1,500. Its largest grants were $5,334 each to Yale University, Harvard University, and the University of Pennsylvania; $2,000 to Georgia Institute of Technology; and $1,750 to India Association of Long Island. Other recipients included India Home ($1,250), Cooper Union ($1,000), Vegan Vision ($250), Girls Scouts of United ($246), and National Indo-American Association for ($200).
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Rajani Goyal as president, Naveen Goyal as treasurer, and Praveen Goyal as secretary.
Goyal Family Foundation Inc is led by Rajani Goyal, President since 2021 (on filings since 2020); none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Rajani Goyal
President
Treasurer → President, 2021
On filings since 2020
1 hr/week
No compensation reported
Naveen Goyal
Treasurer
On filings since 2021
1 hr/week
No compensation reported
Praveen Goyal
Secretary
On filings since 2023
1 hr/week
No compensation reported
Former officers (1)
- Former: Shiv Lal Goyal (2020) — President
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 Foundation Inc
How much does Goyal Family Foundation Inc give each year?
Goyal Family Foundation Inc gave $23K across 10 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $10K across 6 grants.
What is Goyal Family Foundation Inc's typical grant size?
Goyal Family Foundation Inc's median grant in 2024 was $1,500, and its average grant was $2,270, across 10 grants on its 2024 IRS Form 990-PF.
Where does Goyal Family Foundation Inc give grants?
Goyal Family Foundation Inc's top state is Connecticut, with 23% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were Massachusetts (23%) and Pennsylvania (23%). The most frequent recipient cities were New York, NY (2 grants).
Does Goyal Family Foundation Inc give general operating support?
Not in 2024: none of the 10 grants with a stated purpose on Goyal Family Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charity" (10 grants).
Who are Goyal Family Foundation Inc's largest grantees?
Goyal Family Foundation Inc's largest 2024 grantees include Yale University ($5,334), Harvard Univ ($5,334) and Upenn ($5,334), according to its 2024 IRS Form 990-PF. Together they received 70% of its itemized 2024 grant dollars.
How large is Goyal Family Foundation Inc?
Goyal Family Foundation Inc reported $383K in total assets on its 2024 IRS Form 990-PF. It paid out $24K in qualifying distributions that year, against a required minimum of $40K (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 Foundation Inc fund?
The foundation’s stated mission is not provided. Its 2024 grants went to universities and other organizations. See mission & focus areas ↑
How do I apply for a grant from Goyal Family Foundation Inc?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Goyal Family Foundation Inc's EIN?
Goyal Family Foundation Inc's EIN (Employer Identification Number) is 11-3579353. IRS Form 990 filing data is available on this page for 2020–2024.
Does Goyal Family Foundation Inc 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
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