Karande Foundation
Karande Foundation is a private foundation, based in Pearland, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.5M in total assets. In 2024, it awarded 3 grants totaling $29K. Net investment income was $11K.
Karande Foundation at a glance
In short: Karande Foundation gave $29K across 3 grants in 2024 (avg $10K), mostly in Texas. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $28,500
- -38.0% vs 2023
- Grants made (2024)
- 3
- -57.1% vs 2023
- Average grant
- $9,500
- +44.6% vs 2023
- Median grant
- $500
- Total assets
- $2,468,822
- +0.0% vs 2023
- Primary geography
- Texas (98% 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 Karande Foundation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was Pratham USA ($28K). Together the top 3 received $29K.
Grant Size Distribution
29 grants across all recorded years
The most common grant size was under $50K: 29 grants of 29 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
Cities
How Karande Foundation gives
- Giving grew 32% from 2021 to 2024. Method
- In 2024 it paid out 290% 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 $22K (2021) to $69K (2020). In 2024 it made 3 grants totaling $29K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Pratham USA Houston, TX | Donation | $27,500 |
| 2025 Houston Marathon Miami, FL | Charitable | $500 |
| Texas Gaushala Cypress, TX | Charitable | $500 |
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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 | $2,468,822 | $41,350 | $30,154 | $28,500 | 3 | $28,500 | $11,350 | $9,821 |
| 2023 | $2,467,617 | $42,507 | $49,119 | $46,001 | 7 | $46,001 | $17,507 | $19,364 |
| 2022 | $2,464,134 | $2,624 | $30,601 | $28,306 | 3 | $28,306 | $2,688 | $38,420 |
| 2021 | $2,492,111 | $250,010 | $24,692 | $21,550 | 7 | $21,550 | — | $33,183 |
| 2020 | $2,267,613 | $503,853 | $69,907 | $69,000 | 9 | — | $2,946 | $39,155 |
Under IRS private-foundation payout rules, Karande Foundation reported a distributable amount of $10K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Karande Foundation is led by Santosh S. Karande, Director on every filing since 2020 — the only officer listed, and uncompensated.
Officers on the 2024 filing
Santosh S. Karande
Director
On filings since 2020
2 hrs/week
No compensation reported
Former officers (2)
- Former: Seema V. Karande (2020) — Director
- Former: Vijay B. Vad (2020) — Director
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 Karande Foundation
How much does Karande Foundation give each year?
Karande Foundation gave $29K across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $46K across 7 grants.
What is Karande Foundation's typical grant size?
Karande Foundation's median grant in 2024 was $500, and its average grant was $9,500, across 3 grants on its 2024 IRS Form 990-PF.
Where does Karande Foundation give grants?
Karande Foundation gives mostly in Texas: 98% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there.
Does Karande Foundation give general operating support?
Not in 2024: none of the 3 grants with a stated purpose on Karande Foundation's 2024 IRS Form 990-PF were described as general or operating support.
How large is Karande Foundation?
Karande Foundation reported $2.5M in total assets on its 2024 IRS Form 990-PF. It paid out $29K in qualifying distributions that year, against a required minimum of $10K (roughly 5% of its investment assets).
What is Karande Foundation's EIN?
Karande Foundation's EIN (Employer Identification Number) is 20-3811786. 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
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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