Koolwal Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in POTOMAC, MD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $104K in total assets. In 2024, it awarded 3 grants totaling $5K. Net investment income was $5K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$104K
-2.1% YoY
Annual Giving
$5K
-12.3% YoY
Grant Count
3
+0.0% YoY
Avg Grant Size
$2K
-12.3% YoY
Under IRS private-foundation payout rules, Koolwal Foundation reported a distributable amount of $8K for 2024 — the minimum it must pay out in qualifying distributions.
About Koolwal Foundation
Based on IRS filings
Koolwal Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in POTOMAC, MD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $104K in total assets. In 2024, it awarded 3 grants totaling $5K. Net investment income was $5K.
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 | $104,382 | $106,667 | $111,860 |
| Revenue | $4,625 | $4,712 | $24,681 |
| Expenses | $8,938 | $10,057 | $9,892 |
| Qualifying Distributions | $7,700 | $8,601 | $7,300 |
| Net Investment Income | $5,464 | $3,497 | $22,089 |
| Distributable Amount | $8,220 | $7,936 | $8,143 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
16 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Natya Bharati ($2,000), The Marg Foundations ($1,500), Vraj Temple ($1,500).
| Recipient | Purpose | Amount |
|---|---|---|
| THE MARG FOUNDATIONS Gaithersburg, MD | GENERAL OPERATING SUPPORT | $1,500 |
| VRAJ TEMPLE Schuylkill Haven, PA | GENERAL OPERATING SUPPORT | $1,500 |
| NATYA BHARATI Laytonsville, MD | GENERAL OPERATING SUPPORT | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Bina Koolwal | Trustee | 1 | — |
| Gayatri Koolwal | Trustee | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Koolwal Foundation?
Koolwal Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in POTOMAC, MD. It holds $104K in total assets as of 2024.
How large is Koolwal Foundation?
As of 2024, Koolwal Foundation holds $104K in total assets with $5K in annual revenue. It awarded 3 grants totaling $5K in 2024.
Where does Koolwal Foundation operate?
Koolwal Foundation has awarded grants in California, Maryland, New York, Pennsylvania.
What size grants does Koolwal Foundation award?
In 2024, Koolwal Foundation awarded 3 grants totaling $5K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Koolwal Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Koolwal Foundation reported a distributable amount of $8K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
Explore Open Grants
Browse active grant opportunities in Koolwal 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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