Nagpal Family Foundation

Private foundation · Grantmaker Short Hills, NJ EIN: 87-2398569

Nagpal Family Foundation is a private foundation, based in Short Hills, NJ. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $8.3M in total assets. In 2024, it awarded 1 grant totaling $155K. Net investment income was $440K.

Nagpal Family Foundation at a glance

In short: Nagpal Family Foundation gave $155K across 1 grant in 2024 (avg $155K), mostly in New Jersey. Source: 2024 IRS Form 990-PF.

Annual giving (2024)
$155,000
Grants made (2024)
1
Average grant
$155,000
Median grant
$155,000
Total assets
$8,309,952
+12.2% vs 2023
Primary geography
New Jersey (100% of itemized 2024 grant dollars)
Latest 990 filing
Form 990-PF, 2024 View filing

Data from IRS Form 990-PF, 2024; updated September 2026.

Who Nagpal Family Foundation funds

How this funder distributes its grants

Top Recipients

Top recipient in 2024

National Financial Services LLC - Fidelity Charitable: $155KNational Financial ServicesLLC - Fidelity Charitable$155K

The largest 2024 recipient was National Financial Services LLC - Fidelity Charitable ($155K).

Grant Size Distribution

2 grants across all recorded years

<$50K$50–100K1$100–250K1$250–500K$500K–1M$1–5M$5M+

The most common grant size was in the $100–250K range: 1 grant of 2 (50%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

2states

Share of the 2024 grant dollars on its one itemized grant.

Cities

CincinnatiJersey City

How Nagpal Family Foundation gives

  • In 2024 it paid out 36% 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

$0$100K$200K$300K0 grants2021 1 grant2022 0 grants2023 1 grant2024

From 2022 to 2024, annual grant giving ranged from $155K (2024) to $250K (2022). In 2024 it made 1 grant totaling $155K.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
National Financial Services LLC - Fidelity Charitable Jersey City, NJChaitable Contribution$155,000
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsQualifying DistributionsNet Investment IncomeDistributable Amount
2024$8,309,952$1,454,639$173,284$155,0001$161,052$439,789$442,801
2023$7,405,259$1,488,083$48,244——$25,550$414,250$333,961
2022$6,355,241$9,516,745$297,650$250,0001$255,650$2,895,021$98,423

Under IRS private-foundation payout rules, Nagpal Family Foundation reported a distributable amount of $443K for 2024 — the minimum it must pay out in qualifying distributions.

Leadership & Key People

Officers and directors from IRS filings

Nagpal Family Foundation is led by Ajay Nagpal, President on every filing since 2021; none of the 2 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Ajay Nagpal

    President

    On filings since 2021

    2 hrs/week

    No compensation reported

  • Debbie Nagpal

    Secretary & Treasurer

    On filings since 2021

    2 hrs/week

    No compensation reported

Data from IRS Form 990 filings, 2021–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about Nagpal Family Foundation

How much does Nagpal Family Foundation give each year?

Nagpal Family Foundation gave $155K across 1 grant in 2024, according to its 2024 IRS Form 990-PF.

How large is Nagpal Family Foundation?

Nagpal Family Foundation reported $8.3M in total assets on its 2024 IRS Form 990-PF. It paid out $161K in qualifying distributions that year, against a required minimum of $443K (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.

Where does Nagpal Family Foundation operate?

Nagpal Family Foundation has awarded grants in New Jersey, Ohio.

What is Nagpal Family Foundation's EIN?

Nagpal Family Foundation's EIN (Employer Identification Number) is 87-2398569. IRS Form 990 filing data is available on this page for 2021–2024.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

Data update history

(1)

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2021–2024

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Cite this profile

Grantable. (2026). Nagpal Family Foundation funder profile. GrantGraph. Retrieved October 27, 2026, from https://grantable.co/funders/nagpal-family-foundation-morg_7d2150a12ef3439ea73b42a533bc2c9f

BibTeX
@misc{grantable_872398569_2026,
  author       = {{Grantable}},
  title        = {{Nagpal Family Foundation funder profile}},
  howpublished = {GrantGraph},
  year         = {2026},
  url          = {https://grantable.co/funders/nagpal-family-foundation-morg_7d2150a12ef3439ea73b42a533bc2c9f},
  note         = {Accessed 2026-10-27. Data licensed CC BY 4.0}
}

The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.

Figures come from Nagpal Family Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.

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