Karandikar Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PHOENIX, AZ. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $749K in total assets. In 2024, it awarded 7 grants totaling $28K. Net investment income was $10K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$749K
+55.1% YoY
Annual Giving
$28K
+134.6% YoY
Grant Count
7
+16.7% YoY
Avg Grant Size
$4K
+101.1% YoY
Under IRS private-foundation payout rules, Karandikar Foundation reported a distributable amount of $28K for 2024 — the minimum it must pay out in qualifying distributions.
About Karandikar Foundation
Based on IRS filings
Karandikar Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PHOENIX, AZ. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $749K in total assets. In 2024, it awarded 7 grants totaling $28K. Net investment income was $10K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $748,648 | $482,545 | $304,029 |
| Revenue | $160,423 | $132,187 | $131,906 |
| Expenses | $30,897 | $13,147 | $12,088 |
| Qualifying Distributions | $28,450 | $12,125 | $10,663 |
| Net Investment Income | $9,684 | $19,614 | $2,045 |
| Distributable Amount | $28,369 | $17,685 | $10,236 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
22 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Sewa International USA (20-0638718) ($15,959), St Mary's Food Bank (23-7353532) ($3,500), Hindu Swayamsevak Sangh (52-1647017) ($3,126).
| Recipient | Purpose | Amount |
|---|---|---|
| Akshaya Patra Foundation (01-0574950) Fremont, CA | Midday meals for school children | $2,000 |
| Arsha Vidya Pitam (94-2839344) Saylorsburg, PA | General Donation | $500 |
| Ekal Vidyalaya Foundation USA(77-0554248) Houston, TX | Education | $365 |
| Hindu Swayamsevak Sangh (52-1647017) Rockaway, NJ | General Donation | $3,126 |
| Sankara Eye Foundation (77-6141976) Milpitas, CA | 100 Cataract surgeries | $3,000 |
| Sewa International USA (20-0638718) Houston, TX | Education Women Empowerment Hunger Relief | $15,959 |
| St Mary's Food Bank (23-7353532) Phoenix, AZ | Food insecurity | $3,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DILIP A KARANDIKAR | President Treasurer | 4 | — |
| DEEPALI D KARANDIKAR | VP Secretary | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Karandikar Foundation?
Karandikar Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PHOENIX, AZ. It holds $749K in total assets as of 2024.
How large is Karandikar Foundation?
As of 2024, Karandikar Foundation holds $749K in total assets with $160K in annual revenue. It awarded 7 grants totaling $28K in 2024.
Where does Karandikar Foundation operate?
Karandikar Foundation has awarded grants in Arizona, California, Colorado, Iowa, New Jersey, New Mexico, Pennsylvania, Tennessee, Texas.
What size grants does Karandikar Foundation award?
In 2024, Karandikar Foundation awarded 7 grants totaling $28K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is Karandikar Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Karandikar Foundation reported a distributable amount of $28K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2021–2024.
Explore Open Grants
Browse active grant opportunities in Karandikar Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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