Rao Family Foundation

Private foundation · Grantmaker Wilmington, DE EIN: 84-4507072

Rao Family Foundation is a private foundation, based in Wilmington, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.4M in total assets. In 2024, it awarded 3 grants totaling $244K. Net investment income was $310K.

Key facts about Rao Family Foundation

In short: Rao Family Foundation gave $244K across 3 grants in 2024 (avg $81K), mostly in California. Source: 2024 IRS Form 990-PF.

EIN
84-4507072
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$243,500
Grants made (2024)
3
Average grant
$81,167
Median grant
$38,500
Total assets
$3,374,794
Primary geography
California (82% of itemized 2024 grant dollars)

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

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$3.4M

+44.3% YoY

Annual Giving

$244K

+274.6% YoY

Grant Count

3

+50.0% YoY

Avg Grant Size

$81K

+149.7% YoY

Under IRS private-foundation payout rules, Rao Family Foundation reported a distributable amount of $142K for 2024 — the minimum it must pay out in qualifying distributions.

How Rao Family Foundation gives

  • In 2024 it paid out 183% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

2states

Share of 2024 grant dollars across all 3 itemized grants.

Cities

Park CityRedwood City

Giving Over Time

Total grant dollars and number of grants per year

$0$100K$200K$300K0 grants2020 0 grants2021 0 grants2022 2 grants2023 3 grants2024

From 2023 to 2024, annual grant giving ranged from $65K (2023) to $244K (2024). In 2024 it made 3 grants totaling $244K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

Stanford University: $200KStanford University$200KPeoples Health Clinic Inc: $39KPeoples Health Clinic Inc$39KWasatch Immigration Project: $5KWasatch Immigration Project$5K

The largest 2024 recipient was Stanford University ($200K). Together the top 3 received $244K.

Grant Size Distribution

5 grants across all recorded years

3<$50K1$50–100K1$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 3 grants of 5 (60%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Stanford University Redwood City, CAScholarship fund for students applying from India$200,000
Peoples Health Clinic Inc Park City, UTGeneral & Unrestricted$38,500
Wasatch Immigration Project Park City, UTGeneral & Unrestricted$5,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$1M$2M$3M$4M2020 2021 2022 2023 2024
Metric202420232022
Total Assets$3,374,794$2,338,932$3,330,420
Revenue$1,304,922$-906,868$72,768
Expenses$269,060$84,620$14,934
Qualifying Distributions$259,723$78,680$14,934
Net Investment Income$309,731$622,244$956
Distributable Amount$141,919$103,600$85,813

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Rao Family Foundation is led by Mairi Leining, Director, President & Secretary on every filing since 2020; none of the 2 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Mairi Leining

    Director, President & Secretary

    On filings since 2020

    1 hr/week

    No compensation reported

  • Ravi Adusumalli

    Director & Treasurer

    On filings since 2020

    1 hr/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 Rao Family Foundation

How much does Rao Family Foundation give each year?

Rao Family Foundation gave $244K across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $65K across 2 grants.

What is Rao Family Foundation's typical grant size?

Rao Family Foundation's median grant in 2024 was $38,500, and its average grant was $81,167, across 3 grants on its 2024 IRS Form 990-PF.

Where does Rao Family Foundation give grants?

Rao Family Foundation gives mostly in California: 82% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Utah (18%). The most frequent recipient cities were Park City, UT (2 grants).

Does Rao Family Foundation give general operating support?

Yes: 67% of Rao Family Foundation's 2024 grants with a stated purpose (2 of 3) were for general or operating support, per its 2024 IRS Form 990-PF.

How large is Rao Family Foundation?

Rao Family Foundation reported $3.4M in total assets on its 2024 IRS Form 990-PF. It paid out $260K in qualifying distributions that year, against a required minimum of $142K (roughly 5% of its investment assets).

What is Rao Family Foundation's EIN?

Rao Family Foundation's EIN (Employer Identification Number) is 84-4507072. IRS Form 990 filing data is available on this page for 2020–2024.

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

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