Rungta Foundation

Foundation · Grantmaker Bellaire, TX EIN: 27-4337092

Rungta Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Bellaire, TX. IRS filing data is available from 2018 through 2024. As of 2024, the organization holds $691K in total assets. In 2024, it awarded 9 grants totaling $94K. Net investment income was $26K.

Key facts about Rungta Foundation

EIN: 27-4337092
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $93,504
Grants made (2024): 9
Average grant: $10,389
Median grant: $2,503
Total assets: $690,784
Primary geography: Texas (95% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Who Rungta Foundation funds

By grant dollars, the top recipient states for Rungta Foundation's 9 itemized 2024 grants were Texas (95%) and California (5%). The most frequent recipient cities were Houston, TX (4 grants) and Stafford, TX (2 grants). None of its 9 grants with a stated purpose were described as general or operating support. Recurring purposes include "Fund Their Charitable Activity" (7 grants).

How Rungta Foundation gives

Giving grew 115% from 2021 to 2024. Method
In 2024 it paid out 312% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

Next steps with Rungta Foundation

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$691K

+4.7% YoY

Annual Giving

$94K

-26.1% YoY

Grant Count

+12.5% YoY

Avg Grant Size

$10K

-34.3% YoY

Under IRS private-foundation payout rules, Rungta Foundation reported a distributable amount of $30K for 2024 — the minimum it must pay out in qualifying distributions.

About Rungta Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Texas $89K (95%)

California $5K (5%)

Share of all 9 itemized 2024 grant dollars.

States

California Texas

Cities

HoustonSanta BarbaraStaffordKatyMissouri CitySugar LandWaller

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$690,784	$659,491	$676,874
Revenue	$125,931	$109,250	$109,000
Expenses	$94,638	$126,633	$51,617
Qualifying Distributions	$93,504	$126,508	$49,103
Net Investment Income	$25,931	$9,250	$9,000
Distributable Amount	$29,974	$29,580	$30,272

Data update history

When this profile's IRS filing data changed on Grantable

March 2, 2026 IRS filings on file for fiscal years 2018–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 9 recipients in 2024

Grant Size Distribution

31 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Baylor College of Medicine ($50,000), Texas Gaushala ($25,000), Self Enquiry Life Fellows ($5,000).

Recipient	Purpose	Amount
BAYLOR COLLEGE OF MEDICINE Houston, TX	FUND THEIR CHARITABLE ACTIVITY	$50,000
TEXAS GAUSHALA Waller, TX	FUND THEIR CHARITABLE ACTIVITY	$25,000
SELF ENQUIRY LIFE FELLOWS Santa Barbara, CA	FUND THEIR CHARITABLE ACTIVITIES	$5,000
SHRI SITA RAM FOUNDATION Houston, TX	FUND THEIR CHARITABLE ACTIVITIES	$5,000
GAURI SIDDHIVINAYAK TEMPLE OF HOUST Houston, TX	FUND THEIR CHARITABLE ACTIVITY	$2,503
SMILE FOUNDATION Stafford, TX	FUND THEIR CHARITABLE ACTIVITY	$2,500
H2F FOUNDATION Houston, TX	FUND THEIR CHARITABLE ACTIVITY	$2,000
BAPS Stafford, TX	FUND THEIR CHARITABLE ACTIVITY	$1,000
HINDU PRIEST SERVICE HOUSTON Katy, TX	FUND THEIR CHARITABLE ACTIVITY	$501

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS filing

Name	Title	Hours	Compensation
Manish Rungta	Director	5	—
Devi Rungta	Director	5	—
Manju Rungta	Director	5	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Rungta Foundation?

Rungta Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Bellaire, TX. It holds $691K in total assets as of 2024.

How large is Rungta Foundation?

As of 2024, Rungta Foundation holds $691K in total assets with $126K in annual revenue. It awarded 9 grants totaling $94K in 2024.

Where does Rungta Foundation operate?

Rungta Foundation has awarded grants in California, Texas.

What size grants does Rungta Foundation award?

In 2024, Rungta Foundation awarded 9 grants totaling $94K — an average of about $10K per grant, based on its IRS Form 990 filings.

How much is Rungta Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Rungta Foundation reported a distributable amount of $30K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.