P-Squared Philanthropies Inc
P-Squared Philanthropies Inc (also known as Psquared Charitable Foundation) is a private grantmaking foundation based in Wilmington, Delaware. Established in 2019, it operates as a 501(c)(3) organization with a focus on strategic philanthropic investment across multiple sectors and geographies.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$107.8M
+3.8% YoY
Annual Giving
$3.8M
+10.4% YoY
Grant Count
44
+18.9% YoY
Avg Grant Size
$87K
-7.2% YoY
Under IRS private-foundation payout rules, P-Squared Philanthropies Inc reported a distributable amount of $5.0M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
P-Squared Philanthropies prioritizes broad, deep, and durable impact at scale. The foundation funds cohorts of peers tackling the same problem from different angles and emphasizes multi-year, unrestricted capital support whenever possible.
Primary funding focus areas include:
- Gender Equity & Reproductive Justice
- Medical Discovery, Talent, & Research
- Storytelling & Narrative Change
- Other Portfolio Organizations (emerging areas of strategic interest)
The foundation has indicated future interest in exploring strategic giving in education, economic mobility, and mental health and wellness.
Grantmaking
P-Squared Philanthropies made 18 grants in 2023. Typical grant awards range from $500,000 to $1,000,000.
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Geographic Focus
Where this funder awards grants
P-Squared Philanthropies funds organizations in:
- New York City
- The United States (with particular activity in New York, Massachusetts, and California)
- India
The foundation retains a relatively small percentage of annual giving to experiment with funding in these geographies and sectors when critical needs emerge requiring rapid response.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023:
- Total Assets: $103.8–$107.8 million
- Total Revenue: $16.4 million
- Total Expenses: $4.29 million
- Total Liabilities: $7.15 million
- Total Giving: $3.82 million
The foundation has been tax-exempt since June 2019 and files Form 990-PF with the IRS annually.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $107,781,190 | $103,792,503 | $84,581,418 |
| Revenue | $17,058,355 | $16,356,407 | $12,404,656 |
| Expenses | $5,914,479 | $4,294,772 | $3,685,542 |
| Qualifying Distributions | $4,258,349 | $3,797,275 | $3,078,993 |
| Net Investment Income | $14,082,720 | $8,958,706 | $14,106,535 |
| Distributable Amount | $5,000,981 | $4,238,312 | $3,981,617 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
142 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include New York University ($1,000,000), Fidelity Investments Charitable Gift Fund ($500,000), Rockefeller Philanthropy Advisors Inc ($500,000).
| Recipient | Purpose | Amount |
|---|---|---|
| 19TH NEWS AUSTIN, TX | General & Unrestricted | $50,000 |
| ADVOCATES FOR YOUTH WASHINGTON, DC | AMAZE program and unrestricted | $100,000 |
| ANTARA INTERNATIONAL INC BROOKLYN, NY | General & Unrestricted | $5,000 |
| BREAKFAST REVOLUTION BOSTON, MA | General & Unrestricted | $20,000 |
| BRIGID ALLIANCE INC NEW YORK, NY | General & Unrestricted | $5,000 |
| CARNEGIE ENDOWMENT FOR INTERNATIONAL PEACE WASHINGTON, DC | General & Unrestricted | $100,000 |
| CENTER FOR INDEPENDENT DOCUMENTARY INC NEWTON, MA | Funds for documentary "Cutting through Rocks" | $25,000 |
| CHICKEN & EGG PICTURES INC BROOKLYN, NY | General & Unrestricted | $10,000 |
| COMMONSENSE CHILDBIRTH INC WINTER GARDEN, FL | Funds for Ancient Song Doula Services | $10,000 |
| COUNCIL ON FOREIGN RELATIONS INC NEW YORK, NY | General & Unrestricted | $100,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Monika Parekh — Co-founder and philanthropic leader focusing on gender equity and reproductive health. Former physical therapist with the NYC Board of Education. Passionate about storytelling as an agent for change, with experience as executive producer on films addressing mental and reproductive health. Holds degrees from Vassar College and Columbia University. Serves on the boards of Women Moving Millions and the Tisch Multiple Sclerosis Research Center, and on the Presidential Advisory Committee of Vassar College and the Acquisitions Committee at the International Center of Photography.
Deven Parekh — Co-founder and Managing Director at Insight Partners, a global venture capital firm focused on the software industry. Second-generation immigrant committed to leveling the playing field for all. Serves as Board Member for the Council on Foreign Relations, NYU Langone Health, the Carnegie Endowment for International Peace, and the Tisch Multiple Sclerosis Research Center. Chairman Emeritus of Publicolor's board. Serves on the Board of Directors for the U.S. International Development Finance Corporation (US Senate confirmed position). Henry Crown Fellow of the Aspen Institute.
The foundation was founded by Monika and Deven Parekh in 2019, who share the same surname before marrying in 1998 and chose to honor their joint philanthropic endeavors with the 'P-Squared' name. The Parekhs have two grown sons and reside in New York City.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Deven Parekh | Dir, Sec, Treas | 1 | — |
| Monika Parekh | Dir, Pres | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does P-Squared Philanthropies Inc fund?
P-Squared Philanthropies prioritizes broad, deep, and durable impact at scale. The foundation funds cohorts of peers tackling the same problem from different angles and emphasizes multi-year, unrestricted capital support whenever possible. Primary funding focus areas include: • **Gender Equity & Reproductive Justice** • **Medical Discovery, Talent, & Research** • **Storytelling & Narrative Change** • **Other Portfolio Organizations** (emerging areas of strategic interest) The foundation has ind…
How do I apply for a grant from P-Squared Philanthropies Inc?
P-Squared Philanthropies made 18 grants in 2023. Typical grant awards range from $500,000 to $1,000,000. Recent grants include: • $1,000,000 to New York University School of Medicine Veba Trust for the Parekh Family Center for Neuroinflammation (2023) • $500,000 to Rockefeller Philanthropy Advisors for the Collaborative for Gender and Reproductive Equity (2023) • Support to Johns Hopkins University for data analyses and research on neurologic Lyme disease markers (2023) The foundation prioritiz…
Where does P-Squared Philanthropies Inc make grants?
P-Squared Philanthropies funds organizations in: • New York City • The United States (with particular activity in New York, Massachusetts, and California) • India The foundation retains a relatively small percentage of annual giving to experiment with funding in these geographies and sectors when critical needs emerge requiring rapid response.
What size grants does P-Squared Philanthropies Inc award?
In 2024, P-Squared Philanthropies Inc awarded 44 grants totaling $3.8M — an average of about $87K per grant, based on its IRS Form 990 filings.
How much is P-Squared Philanthropies Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, P-Squared Philanthropies Inc reported a distributable amount of $5.0M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is P-Squared Philanthropies Inc's EIN?
P-Squared Philanthropies Inc's EIN (Employer Identification Number) is 83-1042303. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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