Rekha & Sudhir Puranik Foundation
Rekha & Sudhir Puranik Foundation is a private foundation, based in Houston, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $37K in total assets. In 2024, it awarded 1 grant totaling $40K.
Rekha & Sudhir Puranik Foundation at a glance
In short: Rekha & Sudhir Puranik Foundation gave $40K across 1 grant in 2024 (avg $40K), mostly in Texas. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $40,097
- +1442.2% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $40,097
- +1442.2% vs 2023
- Median grant
- $40,097
- Total assets
- $36,779
- -70.3% vs 2023
- Primary geography
- Texas (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who Rekha & Sudhir Puranik Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was The Energy Project ($40K).
Grant Size Distribution
7 grants across all recorded years
The most common grant size was under $50K: 7 grants of 7 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
Cities
How Rekha & Sudhir Puranik Foundation gives
- Giving grew 36352% from 2021 to 2024. Method
- In 2024 it paid out well above 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 2020 to 2024, annual grant giving ranged from $110 (2021) to $40K (2024). In 2024 it made 1 grant totaling $40K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Energy Project Houston, TX | General support | $40,097 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2024 | $36,779 | $148,759 | $234,214 | $40,097 | 1 | $236,021 | $3,963 |
| 2023 | $124,041 | $635,715 | $693,179 | $2,600 | 1 | $511,175 | $5,445 |
| 2022 | $245,593 | $1,038,799 | $1,043,648 | $12,400 | 3 | $750,747 | $3,431 |
| 2021 | $188,595 | $554,442 | $621,907 | $110 | 1 | $621,907 | $8,966 |
| 2020 | $204,154 | $397,147 | $405,901 | $272 | 1 | — | $8,700 |
Under IRS private-foundation payout rules, Rekha & Sudhir Puranik Foundation reported a distributable amount of $4K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Rekha & Sudhir Puranik Foundation is led by Bhakti Salunkhe, Secretary & Executive Director since 2023 (on filings since 2020); 1 of 3 officers listed in 2024 is compensated.
Officers on the 2024 filing
Bhakti Salunkhe
Secretary & Executive Director
Secretary & Managing Director → Executive Di, 2022
Executive Di → Secretary & Executive Director, 2023
On filings since 2020
40 hrs/week
$58K (2020) → $67K (2024)
Revati Puranik
President & Treasurer
President & Treasurer → President, 2022
President → President & Treasurer, 2023
On filings since 2020
5 hrs/week
No compensation reported
Rekha Puranik
Vice President
On filings since 2020
5 hrs/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.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $67K, to Bhakti Salunkhe (Secretary, Executive Director).
Frequently asked questions about Rekha & Sudhir Puranik Foundation
How much does Rekha & Sudhir Puranik Foundation give each year?
Rekha & Sudhir Puranik Foundation gave $40K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $3K across 1 grant.
How large is Rekha & Sudhir Puranik Foundation?
Rekha & Sudhir Puranik Foundation reported $37K in total assets on its 2024 IRS Form 990-PF. It paid out $236K in qualifying distributions that year, against a required minimum of $4K (roughly 5% of its investment assets).
Where does Rekha & Sudhir Puranik Foundation operate?
Rekha & Sudhir Puranik Foundation has awarded grants in California, Maryland, New York, Texas.
What is Rekha & Sudhir Puranik Foundation's EIN?
Rekha & Sudhir Puranik Foundation's EIN (Employer Identification Number) is 46-5727888. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS July 26, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS October 2, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 6, 2025)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 16, 2025)
- IRS filings on file for fiscal years 2020–2024
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