Rao Family Foundation
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.
Rao Family Foundation at a glance
In short: Rao Family Foundation gave $244K across 3 grants in 2024 (avg $81K), mostly in California. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $243,500
- +274.6% vs 2023
- Grants made (2024)
- 3
- +50.0% vs 2023
- Average grant
- $81,167
- +149.7% vs 2023
- Median grant
- $38,500
- Total assets
- $3,374,794
- +44.3% vs 2023
- Primary geography
- California (82% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Rao Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was Stanford University ($200K). Together the top 3 received $244K.
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 3 grants of 5 (60%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
States
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2023 to 2024, annual grant giving ranged from $65K (2023) to $244K (2024). In 2024 it made 3 grants totaling $244K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Stanford University Redwood City, CA | Scholarship fund for students applying from India | $200,000 |
| Peoples Health Clinic Inc Park City, UT | General & Unrestricted | $38,500 |
| Wasatch Immigration Project Park City, UT | General & Unrestricted | $5,000 |
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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 | $3,374,794 | $1,304,922 | $269,060 | $243,500 | 3 | $259,723 | $309,731 | $141,919 |
| 2023 | $2,338,932 | $-906,868 | $84,620 | $65,000 | 2 | $78,680 | $622,244 | $103,600 |
| 2022 | $3,330,420 | $72,768 | $14,934 | — | — | $14,934 | $956 | $85,813 |
| 2021 | $3,272,586 | $3,272,555 | $5,781 | — | — | $5,771 | $12 | $15,792 |
| 2020 | $5,812 | $16,804 | $10,992 | — | — | — | $6 | $49 |
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.
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.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Rao Family Foundation funds
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