Rakesh & Neelam Gupta Family Foundation
Rakesh & Neelam Gupta Family Foundation is a private foundation focused on Education, based in San Jacinto, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.9M in total assets. In 2024, it awarded 6 grants totaling $36K. Net investment income was $127K.
Rakesh & Neelam Gupta Family Foundation at a glance
In short: Rakesh & Neelam Gupta Family Foundation gave $36K across 6 grants in 2024 (avg $6K), mostly in California. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $35,921
- -68.9% vs 2023
- Grants made (2024)
- 6
- +100.0% vs 2023
- Average grant
- $5,987
- -84.5% vs 2023
- Median grant
- $877
- Total assets
- $5,937,712
- +15.4% vs 2023
- Primary geography
- California (80% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who Rakesh & Neelam Gupta Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
The largest 2024 recipient was Aum Spiritual Center Inc ($28K). Together the top 6 received $36K.
Grant Size Distribution
28 grants across all recorded years
The most common grant size was under $50K: 24 grants of 28 (86%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 6 itemized grants.
States
Cities
How Rakesh & Neelam Gupta Family Foundation gives
- Giving fell 79% from 2021 to 2024. Method
- In 2024 it paid out 12% 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
From 2020 to 2024, annual grant giving ranged from $36K (2024) to $262K (2020). In 2024 it made 6 grants totaling $36K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Aum Spiritual Center Inc Hemet, CA | To promote religious and hindu cultural activities and services | $28,001 |
| Hindu University Orlando, FL | To Promote Religious & Social Services | $6,027 |
| Vedmata Gaytri Trust | To promote religious and hindu cultural activities and services | $1,001 |
| All World Gayatri Parivar USA Anaheim, CA | To Promote Religious & Social Services | $752 |
| Blind Foundation Los Angeles, CA | To Promote Religious & Social Services | $101 |
| Habitate for Humanity Hemet, CA | To Promote Religious & Social Services | $39 |
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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 | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $5,937,712 | $858,388 | $67,963 | $35,921 | 6 | $35,921 | $126,780 | $306,846 |
| 2023 | $5,147,287 | $675,236 | $135,263 | $115,601 | 3 | $115,601 | $58,895 | $223,000 |
| 2022 | $4,607,314 | $1,099,332 | $216,408 | $194,428 | 8 | $195,678 | $99,307 | $195,369 |
| 2021 | $3,724,390 | $687,207 | $190,839 | $172,616 | 6 | $173,954 | $169,955 | $169,213 |
| 2020 | $3,228,022 | $1,056,675 | $278,802 | $262,407 | 5 | — | $67,814 | $118,197 |
Under IRS private-foundation payout rules, Rakesh & Neelam Gupta Family Foundation reported a distributable amount of $307K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Rakesh & Neelam Gupta Family Foundation is led by Rakesh C. Gupta, President, Director & Treasurer on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Rakesh C. Gupta
President, Director & Treasurer
On filings since 2020
1 hr/week
No compensation reported
Neelam Gupta
Secretary & Director
On filings since 2020
1 hr/week
No compensation reported
Vivek Gupta
Director
On filings since 2020
0.3 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 Rakesh & Neelam Gupta Family Foundation
How much does Rakesh & Neelam Gupta Family Foundation give each year?
Rakesh & Neelam Gupta Family Foundation gave $36K across 6 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $116K across 3 grants.
What is Rakesh & Neelam Gupta Family Foundation's typical grant size?
Rakesh & Neelam Gupta Family Foundation's median grant in 2024 was $877, and its average grant was $5,987, across 6 grants on its 2024 IRS Form 990-PF.
Where does Rakesh & Neelam Gupta Family Foundation give grants?
Rakesh & Neelam Gupta Family Foundation gives mostly in California: 80% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Florida (17%). The most frequent recipient cities were Hemet, CA (2 grants).
Does Rakesh & Neelam Gupta Family Foundation give general operating support?
Not in 2024: none of the 6 grants with a stated purpose on Rakesh & Neelam Gupta Family Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "To Promote Religious & Social Services" (4 grants).
Who are Rakesh & Neelam Gupta Family Foundation's largest grantees?
Rakesh & Neelam Gupta Family Foundation's largest 2024 grantees include Aum Spiritual Center Inc ($28,001), Hindu University ($6,027) and Vedmata Gaytri Trust ($1,001), according to its 2024 IRS Form 990-PF. Together they received 98% of its itemized 2024 grant dollars.
How large is Rakesh & Neelam Gupta Family Foundation?
Rakesh & Neelam Gupta Family Foundation reported $5.9M in total assets on its 2024 IRS Form 990-PF. It paid out $36K in qualifying distributions that year, against a required minimum of $307K (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.
What is Rakesh & Neelam Gupta Family Foundation?
Rakesh & Neelam Gupta Family Foundation is a private foundation focused on Education, based in San Jacinto, CA. It holds $5.9M in total assets as of 2024.
What is Rakesh & Neelam Gupta Family Foundation's EIN?
Rakesh & Neelam Gupta Family Foundation's EIN (Employer Identification Number) is 46-1430787. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 11, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 14, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 13, 2025)
- IRS filings on file for fiscal years 2020–2024
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