Koolwal Foundation
Koolwal Foundation is a private foundation, based in Potomac, MD. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $98K in total assets. In 2025, it awarded 5 grants totaling $7K. Net investment income was $3K.
Koolwal Foundation at a glance
In short: Koolwal Foundation gave $7K across 5 grants in 2025 (avg $1K), top state Maryland. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $7,000
- +40.0% vs 2024
- Grants made (2025)
- 5
- +66.7% vs 2024
- Average grant
- $1,400
- -16.0% vs 2024
- Median grant
- $1,000
- Total assets
- $97,747
- -6.4% vs 2024
- Primary geography
- Maryland (43% 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 Koolwal Foundation funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was Vraj Temple ($2K). Together the top 5 received $7K.
Grant Size Distribution
18 grants across all recorded years
The most common grant size was under $50K: 18 grants of 18 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
Cities
How Koolwal Foundation gives
- Giving held roughly steady from 2022 to 2025 (+17%). Method
- In 2025 it paid out 82% 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 2019 to 2025, annual grant giving ranged from $1K (2019) to $7K (2025). In 2025 it made 5 grants totaling $7K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Vraj Temple Schuylkill Haven, PA | General Operating Support | $2,000 |
| Iskcon Potomac, MD | General Operating Suppor | $2,000 |
| Musickala Ashburn, VA | General Operating Support | $1,000 |
| Doctors without Border Hagerstown, MD | General Operating Suppor | $1,000 |
| Rita Gold Early Childhodd Center New York, NY | General Operating Suppor | $1,000 |
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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 | $97,747 | $4,222 | $8,829 | $7,000 | 5 | $7,600 | $3,069 | $9,319 |
| 2024 | $104,382 | $4,625 | $8,938 | $5,000 | 3 | $7,700 | $5,464 | $8,220 |
| 2023 | $106,667 | $4,712 | $10,057 | $5,701 | 3 | $8,601 | $3,497 | $7,936 |
| 2022 | $111,860 | $24,681 | $9,892 | $6,000 | 3 | $7,300 | $22,089 | $8,143 |
| 2021 | $97,071 | $4,123 | $10,843 | $7,000 | 4 | $9,000 | $2,433 | $8,550 |
| 2020 | $103,791 | $9,860 | $8,871 | $5,000 | 3 | — | $7,989 | $7,260 |
| 2019 | $102,802 | $5,060 | $4,585 | $1,101 | 2 | — | $2,118 | $6,914 |
Under IRS private-foundation payout rules, Koolwal Foundation reported a distributable amount of $9K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Koolwal Foundation's 2025 filing lists 2 officers; 1 of 2 officers listed in 2025 is compensated.
Officers on the 2025 filing
Gayatri Koolwal
Trustee
On filings since 2019
1 hr/week
$9 (2025)
Bina Koolwal
Trustee
On filings since 2019
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $9, to Gayatri Koolwal (Trustee).
Frequently asked questions about Koolwal Foundation
How much does Koolwal Foundation give each year?
Koolwal Foundation gave $7K across 5 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $5K across 3 grants.
What is Koolwal Foundation's typical grant size?
Koolwal Foundation's median grant in 2025 was $1,000, and its average grant was $1,400, across 5 grants on its 2025 IRS Form 990-PF.
Where does Koolwal Foundation give grants?
Koolwal Foundation's top state is Maryland, with 43% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were Pennsylvania (29%) and Virginia (14%).
Does Koolwal Foundation give general operating support?
Yes: 100% of Koolwal Foundation's 2025 grants with a stated purpose (5 of 5) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Koolwal Foundation's largest grantees?
Koolwal Foundation's largest 2025 grantees include Vraj Temple ($2,000), Iskcon ($2,000) and Musickala ($1,000), according to its 2025 IRS Form 990-PF. Together they received 71% of its itemized 2025 grant dollars.
How large is Koolwal Foundation?
Koolwal Foundation reported $98K in total assets on its 2025 IRS Form 990-PF. It paid out $8K in qualifying distributions that year, against a required minimum of $9K (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 Koolwal Foundation's EIN?
Koolwal Foundation's EIN (Employer Identification Number) is 52-7038879. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS May 11, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 2, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Koolwal Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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