Hasmukh and Gita Rama Foundation

Private foundation · Grantmaker Greenville, SC EIN: 45-3772669

Hasmukh and Gita Rama Foundation is a private foundation, based in Greenville, SC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $18.5M in total assets. In 2024, it awarded 1 grant totaling $812K. Net investment income was $714K.

Key facts about Hasmukh and Gita Rama Foundation

In short: Hasmukh and Gita Rama Foundation gave $812K across 1 grant in 2024 (avg $812K), mostly in South Carolina. Source: 2024 IRS Form 990-PF.

EIN
45-3772669
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$811,767
Grants made (2024)
1
Average grant
$811,767
Median grant
$811,767
Total assets
$18,456,375
Primary geography
South Carolina (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated October 2026.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$18.5M

+15.6% YoY

Annual Giving

$812K

+67.1% YoY

Grant Count

1

+0.0% YoY

Avg Grant Size

$812K

+67.1% YoY

Under IRS private-foundation payout rules, Hasmukh and Gita Rama Foundation reported a distributable amount of $1.3M for 2024 — the minimum it must pay out in qualifying distributions.

How Hasmukh and Gita Rama Foundation gives

  • Giving held roughly steady from 2021 to 2024 (−12%). Method
  • In 2024 it paid out 213% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of the 2024 grant dollars on its one itemized grant.

Cities

Fountain InnTaylors

Giving Over Time

Total grant dollars and number of grants per year

$0$250K$500K$750K$1M1 grant2020 1 grant2021 1 grant2022 1 grant2023 1 grant2024

From 2020 to 2024, annual grant giving ranged from $525 (2020) to $924K (2021). In 2024 it made 1 grant totaling $812K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top recipient in 2024

Sri Aurobindo Integral Life Center: $812KSri Aurobindo Integral LifeCenter$812K

The largest 2024 recipient was Sri Aurobindo Integral Life Center ($812K).

Grant Size Distribution

5 grants across all recorded years

1<$50K$50–100K$100–250K1$250–500K3$500K–1M$1–5M$5M+

The most common grant size was in the $500K–1M range: 3 grants of 5 (60%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Sri Aurobindo Integral Life Center Fountain Inn, SCGeneral Operating Support$811,767

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$2M$4M$6M2020 2021 2022 2023 2024
Metric202420232022
Total Assets$18,456,375$15,971,128$16,336,703
Revenue$3,730,233$1,781,050$2,997,419
Expenses$1,073,867$872,332$1,150,805
Qualifying Distributions$2,788,766$582,640$1,010,794
Net Investment Income$714,286$5,357$115,996
Distributable Amount$1,306,929$891,934$666,940

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS November 15, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS November 15, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS October 30, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS May 13, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS October 28, 2025)
  6. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Hasmukh and Gita Rama Foundation is led by Hasmukh P. Rama, Chairperson since 2022 (on filings since 2020); none of the 5 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Hasmukh P. Rama

    Chairperson

    Trustee → Chairperson, 2022

    On filings since 2020

    1 hr/week

    No compensation reported

  • Dharmendra J. Rama

    Director

    Trustee → Director, 2022

    On filings since 2020

    1 hr/week

    No compensation reported

  • Gita H. Rama

    Director

    Trustee → Director, 2022

    On filings since 2020

    1 hr/week

    No compensation reported

  • Madhu N. Vivek

    Director

    Trustee → Director, 2022

    On filings since 2020

    1 hr/week

    No compensation reported

  • Rita N. Patel

    Director

    Trustee → Director, 2022

    On filings since 2020

    1 hr/week

    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 Hasmukh and Gita Rama Foundation

How much does Hasmukh and Gita Rama Foundation give each year?

Hasmukh and Gita Rama Foundation gave $812K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $486K across 1 grant.

How large is Hasmukh and Gita Rama Foundation?

Hasmukh and Gita Rama Foundation reported $18.5M in total assets on its 2024 IRS Form 990-PF. It paid out $2.8M in qualifying distributions that year, against a required minimum of $1.3M (roughly 5% of its investment assets).

Where does Hasmukh and Gita Rama Foundation operate?

Hasmukh and Gita Rama Foundation has awarded grants in South Carolina.

What is Hasmukh and Gita Rama Foundation's EIN?

Hasmukh and Gita Rama Foundation's EIN (Employer Identification Number) is 45-3772669. IRS Form 990 filing data is available on this page for 2020–2024.

Data last updated October 2026. Sourced from IRS Form 990-PF filings.

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