Hemanth & Roopa Parasuram
Hemanth & Roopa Parasuram is a private foundation based in Austin, Texas. Its 2024 filing reports grants to charitable organizations, with most grant dollars going to recipients in Texas.
Hemanth & Roopa Parasuram at a glance
In short: Hemanth & Roopa Parasuram gave $67K across 19 grants in 2024 (avg $4K), mostly in Texas. 47% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $67,193
- -5.7% vs 2023
- Grants made (2024)
- 19
- +26.7% vs 2023
- Average grant
- $3,536
- -25.5% vs 2023
- Median grant
- $600
- Total assets
- $89,162
- +18.0% vs 2023
- New grantees (estimate)
- 47% first-time grantees (9 of 19, 2024; small sample)
- Primary geography
- Texas (89% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Hemanth & Roopa Parasuram
- 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: 1811 Meadowbrook Drive, Austin, TX 78703
Phone: (512) 215-4102
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Hemanth & Roopa Parasuram funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Magellan International School ($32K). Together the top 10 received $65K.
Grant Size Distribution
78 grants across all recorded years
The most common grant size was under $50K: 78 grants of 78 (100%).
Geographic Focus
Where this funder awards grants
In 2024, recipients in Texas received 89% of grant dollars, recipients in California received 8%, and recipients in Oklahoma received 2%.
Grant Distribution by State
Share of 2024 grant dollars across all 19 itemized grants.
Cities
Is Hemanth & Roopa Parasuram open to new grantees?
47%
first-time grantees, 2024
In 2024, 9 of 19 grantees (47%) were first-time recipients. With only 19 grantees, that is a small sample: one grantee more or less moves the share by about 5 points. First grants averaged $376; repeat grants $6K. How we count
Medians: $301 first-time, $1K repeat.
- 53% of 2024 grantees were also funded in 2023. Method
- Giving grew 92% from 2021 to 2024. Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). 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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $24K (2020) to $71K (2023). In 2024 it made 19 grants totaling $67K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Magellan International School Austin, TX | Holiday/Annual/Noce De Gala | $31,603 |
| Sourashtra Medical Camp Austin, TX | Medical Services | $12,063 |
| Sourashtra Girls School Austin, TX | Breakfast Program/2 Buses | $10,926 |
| The Stanford University Fund Stanford, CA | Annual Gift | $5,000 |
| Calm Waters Oklahoma City, OK | Annual Gift | $1,545 |
| Statesman Season for Caring Austin, TX | Annual Fund | $1,000 |
| Mewar Museum Austin, TX | Annual Gift | $904 |
| Chinmaya Mission Austin Austin, TX | Annual Gift | $750 |
| Shalom Austin Austin, TX | Annual Gift | $700 |
| KUT Public Media Studios Austin, TX | Annual Gift | $600 |
Ready to take the next step with Hemanth & Roopa Parasuram?
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 | $89,162 | $95,059 | $81,436 | $67,193 | 19 | $79,486 | $4,322 | $4,061 |
| 2023 | $75,539 | $139,237 | $100,494 | $71,227 | 15 | $98,967 | $2,915 | $4,112 |
| 2022 | $36,796 | $26,277 | $76,257 | $42,160 | 10 | $42,160 | $120 | $3,041 |
| 2021 | $86,776 | $50,155 | $55,665 | $35,015 | 15 | $52,503 | $155 | $4,407 |
| 2020 | $92,286 | $25,821 | $20,228 | $24,428 | 19 | — | $321 | $4,403 |
Under IRS private-foundation payout rules, Hemanth & Roopa Parasuram reported a distributable amount of $4K 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
No mission statement for the foundation is provided. Its 2024 grants went to organizations with varied missions. Chinmaya Mission Austin describes its mission as sharing Vedanta and supporting spiritual growth; Shalom Austin describes itself as a hub of Jewish life in Central Texas; and Tides Foundation describes its work as advancing equity and shifting resources and power to historically denied communities. These are the grantees’ stated missions, not the foundation’s.
Grantmaking
In 2024, the foundation made 19 grants totaling $67,193. Grant amounts ranged from $26 to $31,603, with a median grant of $600. Its largest grants included $31,603 to Magellan International School for “HOLIDAY/ANNUAL/NOCE DE GALA,” $12,063 to Sourashtra Medical Camp for medical services, and $10,926 to Sourashtra Girls School for a breakfast program and two buses. Other grants included $5,000 to the Stanford University Fund, $1,545 to Calm Waters, and $1,000 to Statesman Season for Caring.
Leadership & Key People
Leadership team and compensation from IRS filings
Hemanth Parasuram was listed as president on the 2024 filing.
Hemanth & Roopa Parasuram is led by Hemanth Parasuram, President on every filing since 2020 — the only officer listed, and uncompensated.
Officers on the 2024 filing
Hemanth Parasuram
President
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 Hemanth & Roopa Parasuram
How much does Hemanth & Roopa Parasuram give each year?
Hemanth & Roopa Parasuram gave $67K across 19 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $71K across 15 grants.
What is Hemanth & Roopa Parasuram's typical grant size?
Hemanth & Roopa Parasuram's median grant in 2024 was $600, and its average grant was $3,536, across 19 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Hemanth & Roopa Parasuram that year got $376 on average.
Where does Hemanth & Roopa Parasuram give grants?
Hemanth & Roopa Parasuram gives mostly in Texas: 89% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was California (8%). The most frequent recipient cities were Austin, TX (13 grants).
Does Hemanth & Roopa Parasuram give general operating support?
Occasionally: 5% of Hemanth & Roopa Parasuram's 2024 grants with a stated purpose (1 of 19) were for general or operating support, per its 2024 IRS Form 990-PF. Recurring purposes include "Annual Gift" (15 grants).
Who are Hemanth & Roopa Parasuram's largest grantees?
Hemanth & Roopa Parasuram's largest 2024 grantees include Magellan International School ($31,603), Sourashtra Medical Camp ($12,063) and Sourashtra Girls School ($10,926), according to its 2024 IRS Form 990-PF. Together they received 81% of its itemized 2024 grant dollars.
How large is Hemanth & Roopa Parasuram?
Hemanth & Roopa Parasuram reported $89K in total assets on its 2024 IRS Form 990-PF. It paid out $79K in qualifying distributions that year, against a required minimum of $4K (roughly 5% of its investment assets).
What does Hemanth & Roopa Parasuram fund?
No mission statement for the foundation is provided. Its 2024 grants went to organizations with varied missions. See mission & focus areas ↑
How do I apply for a grant from Hemanth & Roopa Parasuram?
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 Hemanth & Roopa Parasuram's EIN?
Hemanth & Roopa Parasuram's EIN (Employer Identification Number) is 20-5582215. IRS Form 990 filing data is available on this page for 2020–2024.
Does Hemanth & Roopa Parasuram 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
Live grants for the work Hemanth & Roopa Parasuram funds
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Cite this profile
Grantable. (2026). Hemanth & Roopa Parasuram funder profile. GrantGraph. Retrieved October 18, 2026, from https://grantable.co/funders/hemanth-and-roopa-parasuram-morg_3413f1c60d8941f0b7b3c5cb192bca41
BibTeX
@misc{grantable_205582215_2026,
author = {{Grantable}},
title = {{Hemanth \& Roopa Parasuram funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/hemanth-and-roopa-parasuram-morg_3413f1c60d8941f0b7b3c5cb192bca41},
note = {Accessed 2026-10-18. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Hemanth & Roopa Parasuram's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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