Kamlesh and Luci Chainani

Private foundation · Grantmaker McLean, VA EIN: 54-2061344

Kamlesh and Luci Chainani is a private foundation, based in McLean, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.4M in total assets. In 2024, it made $7K in qualifying distributions. Net investment income was $141K.

Key facts about Kamlesh and Luci Chainani

EIN
54-2061344
Latest 990 filing
Form 990-PF, 2024
Total assets
$3,371,280

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

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$3.4M

+3.9% YoY

Revenue

$173K

-31.1% YoY

Qualifying Distributions

$7K

-96.1% YoY

Expenses

$38K

-81.0% YoY

Under IRS private-foundation payout rules, Kamlesh and Luci Chainani reported a distributable amount of $183K for 2024 — the minimum it must pay out in qualifying distributions.

How Kamlesh and Luci Chainani gives

  • Giving grew 173% from 2020 to 2023. Method
  • In 2024 it paid out 4% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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

5states

Cities

ParamusBendRochesterJenkintownMcleanVienna

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K$200K3 grants2020 2 grants2021 5 grants2022 2 grants2023 0 grants2024

From 2020 to 2023, annual grant giving ranged from $63K (2020) to $190K (2022). In 2023 it made 2 grants totaling $170K.

Grant Insights

How this funder distributes its grants

Grant Size Distribution

12 grants across all recorded years

8<$50K3$50–100K1$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 8 grants of 12 (67%).

Giving History

Grant recipients and amounts by year

No grants recorded for 2024.

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$100K$200K$300K2020 2021 2022 2023 2024
Metric202420232022
Total Assets$3,371,280$3,244,357$3,177,934
Revenue$172,749$250,878$56,202
Expenses$38,038$200,029$225,396
Qualifying Distributions$6,778$175,253$195,375
Net Investment Income$141,489$226,102$78,173
Distributable Amount$182,631$168,542$177,235

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Kamlesh and Luci Chainani is led by Sarah Gilbert, President & Treasurer on the 2024 filing; none of the 2 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Sarah Gilbert

    President & Treasurer

    New on the 2024 filing

    No compensation reported

  • Caleb Gilbert

    Vice President & Secretary

    New on the 2024 filing

    No compensation reported

Former officers (2)
  • Former: Angela Gilbert (2020–2023) — President
  • Former: Kamlesh Chainani (2020–2022) — President

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 Kamlesh and Luci Chainani

How large is Kamlesh and Luci Chainani?

Kamlesh and Luci Chainani reported $3.4M in total assets on its 2024 IRS Form 990-PF. It paid out $7K in qualifying distributions that year, against a required minimum of $183K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.

Where does Kamlesh and Luci Chainani operate?

Kamlesh and Luci Chainani has awarded grants in Minnesota, New Jersey, Oregon, Pennsylvania, Virginia.

What is Kamlesh and Luci Chainani's EIN?

Kamlesh and Luci Chainani's EIN (Employer Identification Number) is 54-2061344. IRS Form 990 filing data is available on this page for 2020–2024.

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

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