Rani & Babu Foundation

SANTA MARIA, CA EIN: 88-0577864

Rani & Babu Foundation is a private foundation focused on Human Services, based in SANTA MARIA, CA. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $16K in total assets. In 2024, it awarded 6 grants totaling $350K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$16K

-86.0% YoY

Annual Giving

$350K

Grant Count

Avg Grant Size

$58K

Under IRS private-foundation payout rules, Rani & Babu Foundation reported a distributable amount of $1K for 2024 — the minimum it must pay out in qualifying distributions.

About Rani & Babu Foundation

Based on IRS filings

Focus Areas

Human Services

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

California $15K (100%)

States

California

Cities

Goleta

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$16,395	$117,242	$17,897
Revenue	$249,480	$100,000	$161,500
Expenses	$350,327	$655	$143,603
Qualifying Distributions	$349,550	—	$138,660
Net Investment Income	—	—	—
Distributable Amount	$1,479	$1,061	$3,871

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

10 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include The East West Foundation of India ($101,050), The East West Foundation of India ($100,050), The East West Foundation of India ($100,000).

Recipient	Purpose	Amount
THE EAST WEST FOUNDATION OF INDIA	INTERNATIONAL SERVICE/EDUCATION-ENDOWMENT FUND	$100,000
THE EAST WEST FOUNDATION OF INDIA	INTERNATIONAL SERVICE/COMMUNITY-CHILDREN CLOTHINGINTERNATIONAL SERVICE/COMMUNITY-CHILDRENS CLOTHES POP	$2,450
THE EAST WEST FOUNDATION OF INDIA	INTERNATIONAL SERVICE/EDUCATION-SEWING MACHINES & SCHOOL BUS	$36,000
THE EAST WEST FOUNDATION OF INDIA	INTERNATIONAL SERVICE/EDUCATION	$101,050
THE EAST WEST FOUNDATION OF INDIA	INTERNATIONAL SERVICE/EDUCATION	$100,050
LAS CUMBRES OBSERVATORY GOLETA, CA	EDUCATION	$10,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
M BABU	PRESIDENT	5	—
RANI BABU	VICE PRESIDENT	5	—

Subject Areas

Focus areas based on grantmaking activity

Human Services

Frequently Asked Questions

What is Rani & Babu Foundation?

Rani & Babu Foundation is a private foundation focused on Human Services, based in SANTA MARIA, CA. It holds $16K in total assets as of 2024.

How large is Rani & Babu Foundation?

As of 2024, Rani & Babu Foundation holds $16K in total assets with $249K in annual revenue. It awarded 6 grants totaling $350K in 2024.

Where does Rani & Babu Foundation operate?

Rani & Babu Foundation has awarded grants in California.

What size grants does Rani & Babu Foundation award?

In 2024, Rani & Babu Foundation awarded 6 grants totaling $350K — an average of about $58K per grant, based on its IRS Form 990 filings.

How much is Rani & Babu Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Rani & Babu Foundation reported a distributable amount of $1K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.