Rama and Shashi Marda Foundation
The Rama and Shashi Marda Foundation is a private foundation established in 2013, based in Upper Holland, Pennsylvania. The foundation operates as a 501(c)(3) organization with a primary focus on grantmaking to other qualified nonprofits.
Key facts about Rama and Shashi Marda Foundation
- EIN
- 46-2902292
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $1,168,000
- Grants made (2024)
- 14
- Average grant
- $83,429
- Median grant
- $50,000
- New grantees (estimate)
- 29% first-time grantees (4 of 14, 2024)
- Primary geography
- Pennsylvania (42% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Rama and Shashi Marda Foundation funds
By grant dollars, the top recipient states for Rama and Shashi Marda Foundation's 14 itemized 2024 grants were Pennsylvania (42%), New York (24%) and Arizona (9%). The most frequent recipient cities were New York, NY (3 grants) and Philadelphia, PA (3 grants). None of its 14 grants with a stated purpose were described as general or operating support. Recurring purposes include "501c3" (12 grants).
Is Rama and Shashi Marda Foundation open to new grantees?
29%
first-time grantees, 2024
In 2024, 4 of 14 grantees (29%) were first-time recipients. First grants averaged $38K; repeat grants $102K. How we count
Medians: $38K first-time, $100K repeat.
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Rama and Shashi Marda Foundation
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$1.2M
-60.6% YoY
Grant Count
14
-17.6% YoY
Avg Grant Size
$83K
-52.1% YoY
Mission & Focus Areas
The foundation's purpose is to use interest on cash, dividends from securities, and gains from the sale of stock to make grants to 501(c)(3) organizations. Primary funding areas include Education, Philanthropy, Voluntarism & Grantmaking, and Human Services.
Grantmaking
The foundation makes grants to qualified 501(c)(3) organizations. Recent grant activity includes:
Grant Range
of approximately $25,000 based on historical data.
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Pennsylvania, New York, and Virginia.
Grant Distribution by State
Share of all 14 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $46,111,933
- Total Expenses: $1,381,432
- Total Revenues: -$3,438
- Total Giving: $1,168,000
As of 2023:
- Total Assets: $57,000,000 (approximately)
- Total Distributions: $3,100,000
The foundation has zero employees and is staffed by volunteer leadership.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
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 10 recipients in 2024
Grant Size Distribution
58 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include trustee of univ of pa ($225,000), st mary medical center ($218,000), Hospital For Special Surgery ($200,000).
| Recipient | Purpose | Amount |
|---|---|---|
| trustee of univ of pa philadelphia, PA | 501c3 | $225,000 |
| st mary medical center langhorne, PA | 501c3 | $218,000 |
| Hospital For Special Surgery new york, NY | 501c3 | $200,000 |
| coalition for radical life extensio scottsdale, AZ | 501c3 | $100,000 |
| TPIRC long beach, CA | 501c3 | $100,000 |
| university of delaware newark, DE | 501c3 | $100,000 |
| columbia university Newyork, NY | 501c3 | $50,000 |
| princeton health foundation plainsboro, NJ | 501c3 | $50,000 |
| ichan school of medicine New York, NY | 501c3 | $25,000 |
| american heart association philadelphia, PA | 501C3 Donation | $25,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Rama Marda serves as President and Chief Executive Officer of the foundation.
Compensation Overview
From 2023 IRS filing
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| rama marda | president | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Rama and Shashi Marda Foundation fund?
The foundation's purpose is to use interest on cash, dividends from securities, and gains from the sale of stock to make grants to 501(c)(3) organizations. Primary funding areas include Education, Philanthropy, Voluntarism & Grantmaking, and Human Services.
How do I apply for a grant from Rama and Shashi Marda Foundation?
The foundation makes grants to qualified 501(c)(3) organizations. Recent grant activity includes: **2024 Grants:** • St. Mary Medical Center: $218,000 • University of Delaware: $100,000 • Doylestown Health: $0 The foundation made seven grants in 2024. Typical award amounts range from $500 to $2,000,000, with a median grant size of approximately $25,000 based on historical data.
Where does Rama and Shashi Marda Foundation make grants?
The foundation primarily funds organizations in Pennsylvania, New York, and Virginia.
What size grants does Rama and Shashi Marda Foundation award?
In 2024, Rama and Shashi Marda Foundation awarded 14 grants totaling $1.2M — an average of about $83K per grant, based on its IRS Form 990 filings.
What is Rama and Shashi Marda Foundation's EIN?
Rama and Shashi Marda Foundation's EIN (Employer Identification Number) is 46-2902292. 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. Research dossier generated April 2026.