Sharanya and Prasad Foundation
Sharanya and Prasad Foundation is a private foundation, based in Wilmington, DE. IRS filing data is available from 2021 through 2023. In 2023, it awarded 1 grant totaling $1.5M. Net investment income was $19K.
Sharanya and Prasad Foundation at a glance
In short: Sharanya and Prasad Foundation gave $1.5M across 1 grant in 2023 (avg $1.5M), mostly in Massachusetts. Source: 2023 IRS Form 990-PF.
- Annual giving (2023)
- $1,451,270
- Grants made (2023)
- 1
- Average grant
- $1,451,270
- Median grant
- $1,451,270
- Primary geography
- Massachusetts (100% of itemized 2023 grant dollars)
- Latest 990 filing
- Form 990-PF, 2023 View filing
Data from IRS Form 990-PF, 2023; updated September 2026.
Who Sharanya and Prasad Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2023
The largest 2023 recipient was Fidelity Investments Charitable Gift Fund ($1.5M).
Grant Size Distribution
1 grant across all recorded years
The most common grant size was in the $1–5M range: 1 grant of 1 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2023 grant dollars on its one itemized grant.
States
Cities
How Sharanya and Prasad Foundation gives
- In 2023 it paid out well above 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
In 2023 it made 1 grant totaling $1.5M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Fidelity Investments Charitable Gift Fund Boston, MA | Sharanya and Prasad Foundation Giving Account | $1,451,270 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2023 | — | $-18,232 | $1,469,785 | $1,451,270 | 1 | $1,468,561 | $18,552 | $62,599 |
| 2022 | $1,488,017 | $506,262 | $28,247 | — | — | $15,948 | $8,174 | $69,059 |
| 2021 | $1,010,002 | $1,010,002 | — | — | — | — | $2 | $1,465 |
Under IRS private-foundation payout rules, Sharanya and Prasad Foundation reported a distributable amount of $63K for 2023 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Sharanya and Prasad Foundation is led by Sharanya Rajan, Director, Secretary, Treasurer & President since 2022 (on filings since 2021) — the only officer listed, and uncompensated.
Officers on the 2023 filing
Sharanya Rajan
Director, Secretary, Treasurer & President
Director, Secretary & Treasurer → Director, Secretary, Treasurer & President, 2022
On filings since 2021
1 hr/week
No compensation reported
Former officers (1)
- Former: Taraka S Prasad Siripurapu (2021–2022) — Director & President
Data from IRS Form 990 filings, 2021–2023. "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 Sharanya and Prasad Foundation
How much does Sharanya and Prasad Foundation give each year?
Sharanya and Prasad Foundation gave $1.5M across 1 grant in 2023, according to its 2023 IRS Form 990-PF.
Where does Sharanya and Prasad Foundation operate?
Sharanya and Prasad Foundation has awarded grants in Massachusetts.
How much is Sharanya and Prasad Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2023, Sharanya and Prasad Foundation reported a distributable amount of $63K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Sharanya and Prasad Foundation's EIN?
Sharanya and Prasad Foundation's EIN (Employer Identification Number) is 87-3691126. IRS Form 990 filing data is available on this page for 2021–2023.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2023
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