Marigowda Nagaraju MD & Renuka
Marigowda Nagaraju MD & Renuka is a private foundation, based in Birmingham, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.2M in total assets. In 2024, it awarded 6 grants totaling $238K. Net investment income was $168K.
Key facts about Marigowda Nagaraju MD & Renuka
- EIN
- 38-2493868
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $238,228
- Grants made (2024)
- 6
- Average grant
- $39,705
- Median grant
- $3,750
- Total assets
- $5,169,176
- Primary geography
- Michigan (13% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Marigowda Nagaraju MD & Renuka funds
By grant dollars, the top recipient states for Marigowda Nagaraju MD & Renuka's 6 itemized 2024 grants were Michigan (13%). None of its 6 grants with a stated purpose were described as general or operating support. Recurring purposes include "Educational" (4 grants).
How Marigowda Nagaraju MD & Renuka gives
- Giving grew 175% from 2021 to 2024. Method
- In 2024 it paid out 87% 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.
Next steps with Marigowda Nagaraju MD & Renuka
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.2M
+3.2% YoY
Annual Giving
$238K
+83.3% YoY
Grant Count
6
+100.0% YoY
Avg Grant Size
$40K
-8.4% YoY
Under IRS private-foundation payout rules, Marigowda Nagaraju MD & Renuka reported a distributable amount of $292K for 2024 — the minimum it must pay out in qualifying distributions.
About Marigowda Nagaraju MD & Renuka
Based on IRS filings
Marigowda Nagaraju MD & Renuka is a private foundation, based in Birmingham, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.2M in total assets. In 2024, it awarded 6 grants totaling $238K. Net investment income was $168K.
Ready to take the next step with Marigowda Nagaraju MD & Renuka?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 6 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $5,169,176 | $5,009,957 | $4,973,851 |
| Revenue | $450,857 | $217,780 | $225,002 |
| Expenses | $291,638 | $181,674 | $412,132 |
| Qualifying Distributions | $255,338 | $145,036 | $369,398 |
| Net Investment Income | $167,941 | $156,234 | $136,231 |
| Distributable Amount | $292,463 | $272,063 | $268,772 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
26 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Nagaraju Charitable Trust ($200,000), University of Michigan ($30,000), University of California Berkley ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| NAGARAJU CHARITABLE TRUST | RELIGIOUS/YOUTH EDUCATION | $200,000 |
| UNIVERSITY OF MICHIGAN Ann Arbor, MI | EDUCATIONAL | $30,000 |
| UNIVERSITY OF CALIFORNIA BERKLEY Berkley, CA | EDUCATIONAL | $5,000 |
| INDO-AMERICAN FOUNDATION La Palma, CA | EDUCATIONAL | $2,500 |
| INSTITUTE OF FLINT Flint, MI | EDUCATIONAL | $600 |
| MIU RUN FOR THE RIBBON PROSTATE Troy, MI | RESEARCH | $128 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Marigowda Nagaraju | President | 5 | — |
| Pradeep Nagaraju | Trustee | 1 | — |
| Priya Amaresh | Trustee | 1 | — |
| Prameela Patel | Trustee | 1 | — |
| Sunil Jayaraj | Trustee | 1 | — |
Frequently Asked Questions
How large is Marigowda Nagaraju MD & Renuka?
As of 2024, Marigowda Nagaraju MD & Renuka holds $5.2M in total assets with $451K in annual revenue. It awarded 6 grants totaling $238K in 2024.
Where does Marigowda Nagaraju MD & Renuka operate?
Marigowda Nagaraju MD & Renuka has awarded grants in California, Michigan, North Carolina, Texas, Utah.
What size grants does Marigowda Nagaraju MD & Renuka award?
In 2024, Marigowda Nagaraju MD & Renuka awarded 6 grants totaling $238K — an average of about $40K per grant, based on its IRS Form 990 filings.
How much is Marigowda Nagaraju MD & Renuka required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Marigowda Nagaraju MD & Renuka reported a distributable amount of $292K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Marigowda Nagaraju MD & Renuka's EIN?
Marigowda Nagaraju MD & Renuka's EIN (Employer Identification Number) is 38-2493868. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.