Sarma Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SAN ANTONIO, TX. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $2.4M in total assets. In 2024, it awarded 23 grants totaling $246K. Net investment income was $205K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.4M
-9.9% YoY
Annual Giving
$246K
-30.8% YoY
Grant Count
23
+21.1% YoY
Avg Grant Size
$11K
-42.8% YoY
Under IRS private-foundation payout rules, Sarma Charitable Foundation reported a distributable amount of $133K for 2024 — the minimum it must pay out in qualifying distributions.
About Sarma Charitable Foundation
Based on IRS filings
Sarma Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SAN ANTONIO, TX. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $2.4M in total assets. In 2024, it awarded 23 grants totaling $246K. Net investment income was $205K.
Focus Areas
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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 | $2,391,054 | $2,652,509 | $3,068,119 |
| Revenue | $227,136 | $171,949 | $253,153 |
| Expenses | $492,079 | $577,850 | $264,558 |
| Qualifying Distributions | $466,846 | $544,993 | $233,192 |
| Net Investment Income | $204,775 | $148,606 | $223,685 |
| Distributable Amount | $132,653 | $149,225 | $186,098 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
69 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Habitat for Humanity of San Antonio ($80,000), Guadalupe Regional Med Foundation ($27,500), Spurs Give ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ARBOR CIRCLE GRAND RAPIDS, MI | GOLF CHARITY EVENT | $7,000 |
| BOYSVILLE CONVERSE, TX | EMPLOYEE AWARD | $1,000 |
| EXCEL CHRISTIAN ACAD & PRE LAKELAND, FL | GOLF CHARITY EVENT | $1,000 |
| FL ASSOC OF MORTGAGE PROFESSIONALS TALLAHASSEE, FL | DONATION GRANT | $300 |
| GUADALUPE REGION SEGUIN SEGUIN, TX | EVENT SPONSORSHIP | $5,200 |
| GUADALUPE REGIONAL MED FOUNDATION SEGUIN, TX | EVENT SPONSORSHIP | $27,500 |
| HABITAT FOR HUMANITY OF SAN ANTONIO SAN ANTONIO, TX | HOUSE DONATION | $80,000 |
| HCPS INSTRUCTIONAL SVC CRT TAMPA, FL | EVENT SPONSORSHIP | $1,000 |
| OPERATION TURKEY AUSTIN, TX | TURKEY MEALS | $384 |
| SAN ANTONIO FOOD BANK SAN ANTONIO, TX | PARTNERSHIP | $4,050 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LINDA STOLTE | DIRECTOR/VICE-CHAIRMAN | 1 | — |
| GEORGE KARUTZ | DIRECTOR/CHAIRMAN | 1 | — |
| BOB BENAVIDES | EX-OFFICIO/PRESIDENT/CEO | 1 | — |
| CINDY RAMIREZ | EX-OFFICIO/TREASURER/SECRETARY | 1 | — |
| JERRY REAVIS | DIRECTOR | 1 | — |
| DIANN BONNIN | DIRECTOR | 1 | — |
| DAVID HOLMES | DIRECTOR | 1 | — |
| MATTHEW CARPENTER | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Sarma Charitable Foundation?
Sarma Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SAN ANTONIO, TX. It holds $2.4M in total assets as of 2024.
How large is Sarma Charitable Foundation?
As of 2024, Sarma Charitable Foundation holds $2.4M in total assets with $227K in annual revenue. It awarded 23 grants totaling $246K in 2024.
Where does Sarma Charitable Foundation operate?
Sarma Charitable Foundation has awarded grants in Connecticut, Florida, Michigan, New York, Ohio, Texas.
What size grants does Sarma Charitable Foundation award?
In 2024, Sarma Charitable Foundation awarded 23 grants totaling $246K — an average of about $11K per grant, based on its IRS Form 990 filings.
How much is Sarma Charitable Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Sarma Charitable Foundation reported a distributable amount of $133K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Sarma Charitable Foundation's EIN?
Sarma Charitable Foundation's EIN (Employer Identification Number) is 84-2840376. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in Sarma Charitable Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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