Ricky and Diana Patel Foundation
Ricky and Diana Patel Foundation is a private foundation, based in Seattle, WA. IRS filing data is available from 2022 through 2025. As of 2025, the organization holds $177K in total assets. In 2025, it awarded 1 grant totaling $3K. Net investment income was $4K.
Ricky and Diana Patel Foundation at a glance
In short: Ricky and Diana Patel Foundation gave $3K across 1 grant in 2025 (avg $3K), mostly in Hawaii. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $2,500
- -50.0% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $2,500
- -50.0% vs 2024
- Median grant
- $2,500
- Total assets
- $177,400
- +9.0% vs 2024
- Primary geography
- Hawaii (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Ricky and Diana Patel Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Hookuaaina ($3K).
Grant Size Distribution
3 grants across all recorded years
The most common grant size was under $50K: 3 grants of 3 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Ricky and Diana Patel Foundation gives
- In 2025 it paid out 83% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2022 to 2025, annual grant giving ranged from $500 (2022) to $5K (2024). In 2025 it made 1 grant totaling $3K.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Hookuaaina Kailua, HI | Unrestricted | $2,500 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $177,400 | $2,188 | $6,916 | $2,500 | 1 | $6,916 | $3,569 | $8,375 |
| 2024 | $162,745 | $3,417 | $10,616 | $5,000 | 1 | $10,616 | $2,047 | $8,024 |
| 2023 | $148,888 | $159,570 | $11,256 | $5,000 | 1 | $5,000 | — | $704 |
| 2022 | — | $8,410 | $8,410 | $500 | Total only | $500 | — | — |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
Under IRS private-foundation payout rules, Ricky and Diana Patel Foundation reported a distributable amount of $8K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Ricky and Diana Patel Foundation is led by Ricky Patel, President since 2023 (on filings since 2022); none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Ricky Patel
President
President & CEO → President, 2023
On filings since 2022
3 hrs/week
No compensation reported
Diana Choi
Vice President
On filings since 2022
3 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2022–2025. "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 Ricky and Diana Patel Foundation
How much does Ricky and Diana Patel Foundation give each year?
Ricky and Diana Patel Foundation gave $3K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $5K across 1 grant.
How large is Ricky and Diana Patel Foundation?
Ricky and Diana Patel Foundation reported $177K in total assets on its 2025 IRS Form 990-PF. It paid out $7K in qualifying distributions that year, against a required minimum of $8K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does Ricky and Diana Patel Foundation operate?
Ricky and Diana Patel Foundation has awarded grants in Hawaii.
What is Ricky and Diana Patel Foundation's EIN?
Ricky and Diana Patel Foundation's EIN (Employer Identification Number) is 88-2267586. IRS Form 990 filing data is available on this page for 2022–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2022 (received by the IRS December 15, 2023)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 4, 2026)
- IRS filings on file for fiscal years 2022–2024
Explore Open Grants
Browse active grant opportunities in Ricky and Diana Patel Foundation's focus areas in our free grants database
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