SB Patel Foundation
SB Patel Foundation is a private foundation focused on Education, based in Perry Hall, MD. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $9K in total assets. In 2024, it awarded 1 grant totaling $3K.
SB Patel Foundation at a glance
In short: SB Patel Foundation gave $3K across 1 grant in 2024 (avg $3K), mostly in New Jersey. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $3,001
- +500.2% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $3,001
- +500.2% vs 2023
- Median grant
- $3,001
- Total assets
- $9,496
- +26.7% vs 2023
- Primary geography
- New Jersey (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who SB Patel Foundation funds
How this funder distributes its grants
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 2024 grant dollars on its one itemized grant.
Cities
How SB Patel Foundation gives
- In 2024 it paid out 641% 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 2022 to 2024, annual grant giving ranged from $500 (2023) to $3K (2024). In 2024 it made 1 grant totaling $3K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 1 grant to individuals Recipients not named | — | $3,001 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2024 | $9,496 | $5,000 | $3,001 | $3,001 | 1 | $3,001 | $468 |
| 2023 | $7,497 | — | $500 | $500 | 1 | $500 | — |
| 2022 | $7,997 | $5,050 | $1,803 | $1,753 | 1 | $1,753 | — |
| 2021 | $4,750 | — | $220 | — | — | — | — |
| 2020 | $4,970 | — | $5 | — | — | — | — |
| 2019 | $4,975 | — | — | — | — | — | — |
Under IRS private-foundation payout rules, SB Patel Foundation reported a distributable amount of $468 for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
SB Patel Foundation's 2024 filing lists 2 officers; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Akash B. Patel
Director
On filings since 2019
3 hrs/week
No compensation reported
Naresh B. Patel
Director
On filings since 2019
7 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2019–2024. "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 SB Patel Foundation
How much does SB Patel Foundation give each year?
SB Patel Foundation gave $3K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $500 across 1 grant.
How large is SB Patel Foundation?
SB Patel Foundation reported $9K in total assets on its 2024 IRS Form 990-PF. It paid out $3K in qualifying distributions that year, against a required minimum of $468 (roughly 5% of its investment assets).
What is SB Patel Foundation?
SB Patel Foundation is a private foundation focused on Education, based in Perry Hall, MD. It holds $9K in total assets as of 2024.
Where does SB Patel Foundation operate?
SB Patel Foundation has awarded grants in District of Columbia, New Jersey.
What is SB Patel Foundation's EIN?
SB Patel Foundation's EIN (Employer Identification Number) is 83-1712879. IRS Form 990 filing data is available on this page for 2019–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(5)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS July 12, 2020)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 14, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 14, 2025)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work SB Patel Foundation funds
Education Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in SB Patel Foundation's focus areas in our free grants database
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