Hasmukh and Gita Rama Foundation
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.
Hasmukh and Gita Rama Foundation at a glance
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.
- Annual giving (2024)
- $811,767
- +67.1% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $811,767
- +67.1% vs 2023
- Median grant
- $811,767
- Total assets
- $18,456,375
- +15.6% vs 2023
- Primary geography
- South Carolina (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who Hasmukh and Gita Rama Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Sri Aurobindo Integral Life Center ($812K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $500K–1M range: 3 grants of 5 (60%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $525 (2020) to $924K (2021). In 2024 it made 1 grant totaling $812K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Sri Aurobindo Integral Life Center Fountain Inn, SC | General Operating Support | $811,767 |
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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 | $18,456,375 | $3,730,233 | $1,073,867 | $811,767 | 1 | $2,788,766 | $714,286 | $1,306,929 |
| 2023 | $15,971,128 | $1,781,050 | $872,332 | $485,792 | 1 | $582,640 | $5,357 | $891,934 |
| 2022 | $16,336,703 | $2,997,419 | $1,150,805 | $826,000 | 1 | $1,010,794 | $115,996 | $666,940 |
| 2021 | $13,667,900 | $383,516 | $1,187,402 | $923,858 | 1 | $1,001,740 | $204,913 | $903,459 |
| 2020 | $13,546,839 | $-18,720 | $165,693 | $525 | 1 | — | $62,876 | $550,143 |
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.
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.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 15, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS October 30, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 13, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS October 28, 2025)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Hasmukh and Gita Rama Foundation funds
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