Gurnani Foundation
Gurnani Foundation is a private foundation, based in Secaucus, NJ. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $903K in total assets. In 2025, it awarded 3 grants totaling $695K. Net investment income was $33K.
Gurnani Foundation at a glance
In short: Gurnani Foundation gave $695K across 3 grants in 2025 (avg $232K), mostly in New Jersey. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $694,500
- +165.6% vs 2024
- Grants made (2025)
- 3
- -70.0% vs 2024
- Average grant
- $231,500
- +785.4% vs 2024
- Median grant
- $2,500
- Total assets
- $902,826
- -28.3% vs 2024
- Primary geography
- New Jersey (99% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Gurnani Foundation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was Sadhu Vaswani Center ($690K). Together the top 3 received $695K.
Grant Size Distribution
20 grants across all recorded years
The most common grant size was under $50K: 16 grants of 20 (80%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
Cities
How Gurnani Foundation gives
- Giving grew 162% from 2022 to 2025. Method
- In 2025 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $6K (2023) to $695K (2025). In 2025 it made 3 grants totaling $695K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Sadhu Vaswani Center Closter, NJ | Community Outreach | $690,000 |
| Share the Warmth Inc Houston, TX | Community Outreach | $2,500 |
| Kirtan Wallah Foundation Brooklyn, NY | Community Outreach | $2,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $902,826 | $334,855 | $696,070 | $694,500 | 3 | $694,680 | $33,410 | $52,834 |
| 2024 | $1,259,385 | $312,994 | $262,119 | $261,449 | 10 | $261,655 | $56,627 | $58,835 |
| 2023 | $1,156,709 | $452,901 | $13,014 | $6,305 | 3 | $6,584 | $29,937 | $43,323 |
| 2022 | $622,777 | $243,023 | $269,281 | $265,000 | 3 | $265,390 | $44,599 | $36,884 |
| 2021 | $805,980 | $337,477 | $26,928 | $11,000 | 1 | — | $2,477 | — |
| 2020 | $495,431 | $99,240 | $6,059 | — | — | — | $4,240 | — |
Under IRS private-foundation payout rules, Gurnani Foundation reported a distributable amount of $53K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Gurnani Foundation is led by Ashok Gurnani, President on every filing since 2020; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Ashok Gurnani
President
On filings since 2020
2 hrs/week
No compensation reported
Joel Paritz
Director
Treasurer → Director, 2024
On filings since 2020
1 hr/week
No compensation reported
Taraprasad Ashok Gurnani
Vice President
Director → Vice President, 2024
On filings since 2020
1 hr/week
No compensation reported
Veena Ashok Gurnani
Secretary
Director & Secretary → Director, 2022
Director → Secretary, 2024
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "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 Gurnani Foundation
How much does Gurnani Foundation give each year?
Gurnani Foundation gave $695K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $261K across 10 grants.
What is Gurnani Foundation's typical grant size?
Gurnani Foundation's median grant in 2025 was $2,500, and its average grant was $231,500, across 3 grants on its 2025 IRS Form 990-PF.
Where does Gurnani Foundation give grants?
Gurnani Foundation gives mostly in New Jersey: 99% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.
Does Gurnani Foundation give general operating support?
Not in 2025: none of the 3 grants with a stated purpose on Gurnani Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Community Outreach" (3 grants).
How large is Gurnani Foundation?
Gurnani Foundation reported $903K in total assets on its 2025 IRS Form 990-PF. It paid out $695K in qualifying distributions that year, against a required minimum of $53K (roughly 5% of its investment assets).
What is Gurnani Foundation's EIN?
Gurnani Foundation's EIN (Employer Identification Number) is 47-3319698. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2021 (received by the IRS May 18, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS August 24, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS October 31, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS September 10, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS August 27, 2026)
- IRS filings on file for fiscal years 2020–2024
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