Lotus Foundation
Lotus Foundation is a private foundation, based in San Jose, CA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $3.6M in total assets. In 2025, it awarded 1 grant totaling $30K. Net investment income was $30K.
Lotus Foundation at a glance
In short: Lotus Foundation gave $30K across 1 grant in 2025 (avg $30K). Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $29,900
- -54.4% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $29,900
- -54.4% vs 2024
- Median grant
- $29,900
- Total assets
- $3,590,039
- -18.0% vs 2024
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Lotus Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Swaminarayan Vidyapith ($30K).
Grant Size Distribution
4 grants across all recorded years
The most common grant size was under $50K: 3 grants of 4 (75%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $19K (2023) to $66K (2024). In 2025 it made 1 grant totaling $30K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Swaminarayan Vidyapith | Higher Education | $29,900 |
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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 |
|---|---|---|---|---|---|---|---|
| 2025 | $3,590,039 | $132,678 | $1,304,923 | $29,900 | 1 | $173,374 | $29,590 |
| 2024 | $4,376,509 | $106,955 | $205,858 | $65,530 | 1 | $203,118 | $106,955 |
| 2023 | $3,812,798 | $93,057 | $211,101 | $18,983 | 1 | $178,649 | $63,000 |
| 2022 | $3,291,199 | $92,184 | $216,786 | — | — | $171,853 | $92,184 |
| 2021 | $4,242,025 | $581,876 | $208,957 | $25,000 | 1 | $25,000 | $42,874 |
| 2020 | $3,810,998 | $107,389 | $164,320 | — | — | — | $82,611 |
Leadership & Key People
Officers and directors from IRS filings
Lotus Foundation's 2025 filing lists 2 officers; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Paresh Patel
Trustee
On filings since 2020
$60K (2020) → $0 (2025)
Prakash Patel
Trustee
On filings since 2020
$60K (2020) → $0 (2025)
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2023 IRS filing
The highest reported compensation on the 2023 filing was $62K, to Paresh Patel (Trustee). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Lotus Foundation
How much does Lotus Foundation give each year?
Lotus Foundation gave $30K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $66K across 1 grant.
How large is Lotus Foundation?
Lotus Foundation reported $3.6M in total assets on its 2025 IRS Form 990-PF. Its revenue that year was $133K.
Where does Lotus Foundation operate?
Lotus Foundation has awarded grants in California.
What is Lotus Foundation's EIN?
Lotus Foundation's EIN (Employer Identification Number) is 32-0373352. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS July 7, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Lotus Foundation's focus areas in our free grants database
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Lotus Foundation down — hundreds of funders to go?