Saras Foundation
Saras Foundation is a private foundation, based in Excelsior, MN. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $1.6M in total assets. In 2025, it awarded 7 grants totaling $110K. Net investment income was $157K.
Saras Foundation at a glance
In short: Saras Foundation gave $110K across 7 grants in 2025 (avg $16K), mostly in Illinois. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $109,950
- +1.4% vs 2024
- Grants made (2025)
- 7
- +40.0% vs 2024
- Average grant
- $15,707
- -27.6% vs 2024
- Median grant
- $1,000
- Total assets
- $1,649,033
- +1.6% vs 2024
- Primary geography
- Illinois (92% 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 Saras Foundation funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2025
The largest 2025 recipient was Northwestern University Kellogg School of Management ($101K). Together the top 7 received $110K.
Grant Size Distribution
27 grants across all recorded years
The most common grant size was under $50K: 23 grants of 27 (85%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 7 itemized grants.
Cities
How Saras Foundation gives
- Giving grew 95% from 2022 to 2025. Method
- In 2025 it paid out 151% of 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 2025, annual grant giving ranged from $14K (2020) to $110K (2025). In 2025 it made 7 grants totaling $110K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Northwestern University Kellogg School of Management Evanston, IL | Donation - towards scholarship to international students at kellogg school of management | $101,000 |
| Hammer Residences Wayzata, MN | General Support | $5,000 |
| Matagiri Sri Aurobindo Center Mt Tremper, NY | General Support | $1,450 |
| Curtain Call Club Minnetonka, MN | Donation to Support Minnetonka Theater Programming | $1,000 |
| Wikimedia Foundation Washington, DC | General Support | $500 |
| Internet Archive San Francisco, CA | General Support | $500 |
| American Diabetes Association Arlington, VA | General Support | $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 | $1,649,033 | $159,103 | $130,718 | $109,950 | 7 | $119,684 | $157,479 | $79,328 |
| 2024 | $1,622,904 | $713,125 | $128,445 | $108,445 | 5 | $117,359 | $679,490 | $65,735 |
| 2023 | $1,245,375 | $286,597 | $113,710 | $108,100 | 7 | $109,360 | $182,650 | $50,783 |
| 2022 | $946,468 | $252,110 | $67,183 | $56,500 | 6 | $63,403 | $16,384 | $53,912 |
| 2021 | $1,219,993 | $225,398 | $38,816 | $26,500 | 2 | $35,086 | $8,546 | $40,775 |
| 2020 | $702,417 | $368,301 | $16,910 | $14,450 | 4 | — | $49,861 | $17,937 |
Under IRS private-foundation payout rules, Saras Foundation reported a distributable amount of $79K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Saras Foundation is led by Suresh Krishna, President on every filing since 2020; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Suresh Krishna
President
On filings since 2020
1 hr/week
No compensation reported
Arjav Krishna
Director
New on the 2025 filing
1 hr/week
No compensation reported
Bhuvana Nandakumar
Treasurer
Secretary & Treasurer → Treasurer, 2025
On filings since 2020
1 hr/week
No compensation reported
Parthiv Krishna
Secretary
Director → Secretary, 2025
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "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 Saras Foundation
How much does Saras Foundation give each year?
Saras Foundation gave $110K across 7 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $108K across 5 grants.
What is Saras Foundation's typical grant size?
Saras Foundation's median grant in 2025 was $1,000, and its average grant was $15,707, across 7 grants on its 2025 IRS Form 990-PF.
Where does Saras Foundation give grants?
Saras Foundation gives mostly in Illinois: 92% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Minnesota (5%).
Does Saras Foundation give general operating support?
Yes: 71% of Saras Foundation's 2025 grants with a stated purpose (5 of 7) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Saras Foundation's largest grantees?
Saras Foundation's largest 2025 grantees include Northwestern University Kellogg School of Management ($101,000), Hammer Residences ($5,000) and Matagiri Sri Aurobindo Center ($1,450), according to its 2025 IRS Form 990-PF. Together they received 98% of its itemized 2025 grant dollars.
How large is Saras Foundation?
Saras Foundation reported $1.6M in total assets on its 2025 IRS Form 990-PF. It paid out $120K in qualifying distributions that year, against a required minimum of $79K (roughly 5% of its investment assets).
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 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 13, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 12, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS March 18, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 8, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 7, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 13, 2026)
- IRS filings on file for fiscal years 2020–2025
Live grants for the work Saras Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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