Hemanth & Roopa Parasuram
Hemanth & Roopa Parasuram is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Austin, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $89K in total assets. In 2024, it awarded 19 grants totaling $67K. Net investment income was $4K.
Key facts about Hemanth & Roopa Parasuram
- EIN
- 20-5582215
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $67,193
- Grants made (2024)
- 19
- Average grant
- $3,536
- Median grant
- $600
- New grantees (estimate)
- 47% first-time grantees (9 of 19, 2024)
- Total assets
- $89,162
- Primary geography
- Texas (89% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Hemanth & Roopa Parasuram funds
By grant dollars, the top recipient states for Hemanth & Roopa Parasuram's 19 itemized 2024 grants were Texas (89%) and California (8%). The most frequent recipient cities were Austin, TX (13 grants). 5% of grants with a stated purpose were for general or operating support. Recurring purposes include "Annual Gift" (15 grants).
Is Hemanth & Roopa Parasuram open to new grantees?
47%
first-time grantees, 2024
In 2024, 9 of 19 grantees (47%) were first-time recipients. 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 IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Hemanth & Roopa Parasuram
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$89K
+18.0% YoY
Annual Giving
$67K
-5.7% YoY
Grant Count
19
+26.7% YoY
Avg Grant Size
$4K
-25.5% YoY
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.
About Hemanth & Roopa Parasuram
Based on IRS filings
Hemanth & Roopa Parasuram is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Austin, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $89K in total assets. In 2024, it awarded 19 grants totaling $67K. Net investment income was $4K.
Focus Areas
Ready to take the next step with Hemanth & Roopa Parasuram?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 19 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $89,162 | $75,539 | $36,796 |
| Revenue | $95,059 | $139,237 | $26,277 |
| Expenses | $81,436 | $100,494 | $76,257 |
| Qualifying Distributions | $79,486 | $98,967 | $42,160 |
| Net Investment Income | $4,322 | $2,915 | $120 |
| Distributable Amount | $4,061 | $4,112 | $3,041 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
78 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Magellan International School ($31,603), Sourashtra Medical Camp ($12,063), Sourashtra Girls School ($10,926).
| 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 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Hemanth Parasuram | President | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Hemanth & Roopa Parasuram?
Hemanth & Roopa Parasuram is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Austin, TX. It holds $89K in total assets as of 2024.
How large is Hemanth & Roopa Parasuram?
As of 2024, Hemanth & Roopa Parasuram holds $89K in total assets with $95K in annual revenue. It awarded 19 grants totaling $67K in 2024.
Where does Hemanth & Roopa Parasuram operate?
Hemanth & Roopa Parasuram has awarded grants in California, Georgia, Maryland, Michigan, New York, Oklahoma, Texas, Virginia.
What size grants does Hemanth & Roopa Parasuram award?
In 2024, Hemanth & Roopa Parasuram awarded 19 grants totaling $67K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is Hemanth & Roopa Parasuram required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Hemanth & Roopa Parasuram reported a distributable amount of $4K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.