Karandikar Foundation
Karandikar Foundation is a private foundation, based in Phoenix, AZ. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $1.0M in total assets. In 2025, it awarded 9 grants totaling $22K. Net investment income was $25K.
Karandikar Foundation at a glance
In short: Karandikar Foundation gave $22K across 9 grants in 2025 (avg $2K), mostly in California. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $21,782
- -23.4% vs 2024
- Grants made (2025)
- 9
- +28.6% vs 2024
- Average grant
- $2,420
- -40.5% vs 2024
- Median grant
- $2,000
- Total assets
- $1,040,358
- +39.0% vs 2024
- Primary geography
- California (50% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Karandikar Foundation funds
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2025
The largest 2025 recipient was Sankara Eye Foundation (77-6141976) ($5K). Together the top 9 received $22K.
Grant Size Distribution
31 grants across all recorded years
The most common grant size was under $50K: 31 grants of 31 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 9 itemized grants.
Cities
How Karandikar Foundation gives
- Giving grew 104% from 2022 to 2025. Method
- In 2025 it paid out 57% 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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $7K (2021) to $28K (2024). In 2025 it made 9 grants totaling $22K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Sankara Eye Foundation (77-6141976) Milpitas, CA | 100 cataract removal surgeries | $5,000 |
| St Mary's Food Bank (23-7353532) Phoenix, AZ | Meals - Arizona | $5,000 |
| Sewa International USA (20-0638718) Houston, TX | Education Women Empowerment Food Security | $3,761 |
| Akshaya Patra Foundation (01-0574950) Fremont, CA | Mid-day meals for school children | $2,000 |
| Heart to Heart Foundation (46-1085415) Santa Clara, CA | One Congenital Heart Defects CHDssurgery | $2,000 |
| VNIT Alumni Foundation of America Inc(84-3104779) San Jose, CA | Education | $1,805 |
| Hindu Swayamsevak Sangh (52-1647017) Rockaway, NJ | General Donation | $1,151 |
| Ekal Vidyalaya Foundation USA(77-0554248) Houston, TX | Education | $1,000 |
| Sankara Nethralaya Om Trust Inc (52-1611548) Derwood, MD | Eye care | $65 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $1,040,358 | $167,343 | $23,068 | $21,782 | 9 | $22,826 | $24,669 | $40,136 |
| 2024 | $748,648 | $160,423 | $30,897 | $28,450 | 7 | $28,450 | $9,684 | $28,369 |
| 2023 | $482,545 | $132,187 | $13,147 | $12,125 | 6 | $12,125 | $19,614 | $17,685 |
| 2022 | $304,029 | $131,906 | $12,088 | $10,663 | 5 | $10,663 | $2,045 | $10,236 |
| 2021 | $226,247 | $230,728 | $8,122 | $7,303 | 4 | $7,303 | $2,304 | $1,383 |
Under IRS private-foundation payout rules, Karandikar Foundation reported a distributable amount of $40K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Karandikar Foundation is led by Dilip A. Karandikar, President & Treasurer since 2025 (on filings since 2021); none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Dilip A. Karandikar
President & Treasurer
President Treasurer → President & Treasurer, 2025
On filings since 2021
4 hrs/week
No compensation reported
Sonali D. Karandikar
Director
New on the 2025 filing
0.4 hrs/week
No compensation reported
Deepali D. Karandikar
Vice President & Secretary
Vice President Secretary → Vice President & Secretary, 2025
On filings since 2021
2 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2021–2025. "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 Karandikar Foundation
How much does Karandikar Foundation give each year?
Karandikar Foundation gave $22K across 9 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $28K across 7 grants.
What is Karandikar Foundation's typical grant size?
Karandikar Foundation's median grant in 2025 was $2,000, and its average grant was $2,420, across 9 grants on its 2025 IRS Form 990-PF.
Where does Karandikar Foundation give grants?
Karandikar Foundation gives mostly in California: 50% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Arizona (23%) and Texas (22%). The most frequent recipient cities were Houston, TX (2 grants).
Does Karandikar Foundation give general operating support?
Yes: 11% of Karandikar Foundation's 2025 grants with a stated purpose (1 of 9) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Karandikar Foundation's largest grantees?
Karandikar Foundation's largest 2025 grantees include Sankara Eye Foundation (77-6141976) ($5,000), St Mary's Food Bank (23-7353532) ($5,000) and Sewa International USA (20-0638718) ($3,761), according to its 2025 IRS Form 990-PF. Together they received 63% of its itemized 2025 grant dollars.
How large is Karandikar Foundation?
Karandikar Foundation reported $1.0M in total assets on its 2025 IRS Form 990-PF. It paid out $23K in qualifying distributions that year, against a required minimum of $40K (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.
What is Karandikar Foundation's EIN?
Karandikar Foundation's EIN (Employer Identification Number) is 85-4076371. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 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 2021 (received by the IRS May 11, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS April 7, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 13, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS February 9, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS March 22, 2026)
- IRS filings on file for fiscal years 2021–2025
Live grants for the work Karandikar Foundation funds
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