Saras Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in EXCELSIOR, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.6M in total assets. In 2024, it awarded 5 grants totaling $108K. Net investment income was $679K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.6M
+30.3% YoY
Annual Giving
$108K
+0.3% YoY
Grant Count
5
-28.6% YoY
Avg Grant Size
$22K
+40.4% YoY
Under IRS private-foundation payout rules, Saras Foundation reported a distributable amount of $66K for 2024 — the minimum it must pay out in qualifying distributions.
About Saras Foundation
Based on IRS filings
Saras Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in EXCELSIOR, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.6M in total assets. In 2024, it awarded 5 grants totaling $108K. Net investment income was $679K.
Focus Areas
Ready to take the next step with Saras Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,622,904 | $1,245,375 | $946,468 |
| Revenue | $713,125 | $286,597 | $252,110 |
| Expenses | $128,445 | $113,710 | $67,183 |
| Qualifying Distributions | $117,359 | $109,360 | $63,403 |
| Net Investment Income | $679,490 | $182,650 | $16,384 |
| Distributable Amount | $65,735 | $50,783 | $53,912 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
24 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Northwestern University Kellogg School of Management ($100,100), Hammer Residences ($5,000), Matagiri Sri Aurobindo Center ($1,345).
| Recipient | Purpose | Amount |
|---|---|---|
| HAMMER RESIDENCES WAYZATA, MN | GENERAL SUPPORT | $5,000 |
| MATAGIRI SRI AUROBINDO CENTER MT TREMPER, NY | GENERAL SUPPORT | $1,345 |
| MINNETONKA CURTAIN CALL CLUB MINNETONKA, MN | GENERAL SUPPORT | $1,000 |
| NORTHWESTERN UNIVERSITY KELLOGG SCHOOL OF MANAGEMENT EVANSTON, IL | DONATION - TOWARDS SCHOLARSHIP TO INTERNATIONAL STUDENTS AT KELLOGG SCHOOL OF MANAGEMENT | $100,100 |
| STAND UP FOR KIDS SILICON VALLEY SAN JOSE, CA | GENERAL SUPPORT | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SURESH KRISHNA | PRESIDENT | 1 | — |
| BHUVANA NANDAKUMAR | SECRETARY AND TREASURER | 1 | — |
| PARTHIV KRISHNA | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Saras Foundation?
Saras Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in EXCELSIOR, MN. It holds $1.6M in total assets as of 2024.
How large is Saras Foundation?
As of 2024, Saras Foundation holds $1.6M in total assets with $713K in annual revenue. It awarded 5 grants totaling $108K in 2024.
Where does Saras Foundation operate?
Saras Foundation has awarded grants in California, Idaho, Illinois, Minnesota, New York, Virginia.
What size grants does Saras Foundation award?
In 2024, Saras Foundation awarded 5 grants totaling $108K — an average of about $22K per grant, based on its IRS Form 990 filings.
How much is Saras Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Saras Foundation reported a distributable amount of $66K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Saras Foundation's EIN?
Saras Foundation's EIN (Employer Identification Number) is 83-2686548. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Saras Foundation's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
Spicola Family Foundation
MINNETONKA, MN
Assets
—
Grants
3
Total Given
$410K
Litchfield Student Anglers Club
LITCHFIELD, MN
Assets
$738
Grants
0
Total Given
—
The Geyer Family Foundation
EDINA, MN
Assets
—
Grants
7
Total Given
$35K
Love 4 One Another Charities
CHANHASSEN, MN
Assets
$8.5M
Grants
1
Total Given
$90K
Donald and Luella Zibell Family Foundation
NORTHFIELD, MN
Assets
—
Grants
8
Total Given
$80K
Minnesota Citizens Concerned
MINNEAPOLIS, MN
Assets
$745K
Grants
2
Total Given
$942K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Saras Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching Saras Foundation to a real strategy.