Rao Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
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.
About Rao Family Foundation
Based on IRS filings
Rao Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
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 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Stanford University ($200,000), Peoples Health Clinic Inc ($38,500), Wasatch Immigration Project ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| PEOPLES HEALTH CLINIC INC PARK CITY, UT | General & Unrestricted | $38,500 |
| STANFORD UNIVERSITY REDWOOD CITY, CA | Scholarship fund for students applying from India | $200,000 |
| WASATCH IMMIGRATION PROJECT PARK CITY, UT | General & Unrestricted | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Ravi Adusumalli | Dir, Treas | 1 | — |
| Mairi Leining | Dir, Pres, Sec | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Rao Family Foundation?
Rao Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. It holds $3.4M in total assets as of 2024.
How large is Rao Family Foundation?
As of 2024, Rao Family Foundation holds $3.4M in total assets with $1.3M in annual revenue. It awarded 3 grants totaling $244K in 2024.
Where does Rao Family Foundation operate?
Rao Family Foundation has awarded grants in California, Utah.
What size grants does Rao Family Foundation award?
In 2024, Rao Family Foundation awarded 3 grants totaling $244K — an average of about $81K per grant, based on its IRS Form 990 filings.
How much is Rao Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Rao Family Foundation reported a distributable amount of $142K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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