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.
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
Share of 2024 grant dollars across all 3 itemized grants.
States
Cities
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.
Grant Insights
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%).
Giving History
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 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| 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
- 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.
Here's the math on researching Rao Family Foundation by hand.
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