Sharanya and Prasad Foundation

WILMINGTON, DE EIN: 87-3691126

Sharanya and Prasad Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2021 through 2023. In 2023, it awarded 1 grants totaling $1.5M. Net investment income was $19K.

Financial Overview

From 2023 IRS Form 990-PF · View filing

Total Assets

—

-100.0% YoY

Annual Giving

$1.5M

Grant Count

Avg Grant Size

$1.5M

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.

About Sharanya and Prasad Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Massachusetts $1.5M (100%)

States

Massachusetts

Cities

Boston

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2023	2022	2021
Total Assets	—	$1,488,017	$1,010,002
Revenue	$-18,232	$506,262	$1,010,002
Expenses	$1,469,785	$28,247	—
Qualifying Distributions	$1,468,561	$15,948	—
Net Investment Income	$18,552	$8,174	$2
Distributable Amount	$62,599	$69,059	$1,465

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2023

Grant Size Distribution

1 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2023 grants, the largest include Fidelity Investments Charitable Gift Fund ($1,451,270).

Recipient	Purpose	Amount
FIDELITY INVESTMENTS CHARITABLE GIFT FUND BOSTON, MA	SHARANYA AND PRASAD FOUNDATION GIVING ACCOUNT	$1,451,270

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2023 IRS filing

From 2023 filing

Name	Title	Hours	Compensation
Sharanya Rajan	Dir, Sec, Treas, Pres	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Sharanya and Prasad Foundation?

Sharanya and Prasad Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. It holds — in total assets as of 2023.

Where does Sharanya and Prasad Foundation operate?

Sharanya and Prasad Foundation has awarded grants in Massachusetts.

What size grants does Sharanya and Prasad Foundation award?

In 2023, Sharanya and Prasad Foundation awarded 1 grants totaling $1.5M — an average of about $1.5M per grant, based on its IRS Form 990 filings.

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.