Squareroot Foundation Inc
Squareroot Foundation Inc is a private foundation, based in Newark, DE. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $1.8M in total assets. In 2024, it awarded 3 grants totaling $203K. Net investment income was $47K.
Squareroot Foundation Inc at a glance
In short: Squareroot Foundation Inc gave $203K across 3 grants in 2024 (avg $68K), mostly in New Jersey. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $202,500
- +132.8% vs 2023
- Grants made (2024)
- 3
- -25.0% vs 2023
- Average grant
- $67,500
- +210.3% vs 2023
- Median grant
- $30,000
- Total assets
- $1,808,701
- -8.1% vs 2023
- Primary geography
- New Jersey (84% 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 Squareroot Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was My Dream Global Foundation ($170K). Together the top 3 received $203K.
Grant Size Distribution
9 grants across all recorded years
The most common grant size was under $50K: 7 grants of 9 (78%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
States
Cities
How Squareroot Foundation Inc gives
- In 2024 it paid out 212% 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 $13K (2022) to $203K (2024). In 2024 it made 3 grants totaling $203K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| My Dream Global Foundation Iselin, NJ | General Purpose Grant | $170,000 |
| Dtribals Foundation Naperville, IL | General Purpose Grant | $30,000 |
| Vedic Education and Devotional Academy Milpitas, CA | General Purpose Grant | $2,500 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $1,808,701 | $58,514 | $217,076 | $202,500 | 3 | $205,270 | $47,202 | $96,745 |
| 2023 | $1,967,263 | $36,620 | $104,056 | $87,000 | 4 | $91,874 | $35,558 | $90,216 |
| 2022 | $2,034,699 | $43,221 | $20,426 | $12,501 | 2 | $13,903 | $36,251 | $88,238 |
| 2021 | — | $2,010,904 | — | — | — | — | — | $12,488 |
Under IRS private-foundation payout rules, Squareroot Foundation Inc reported a distributable amount of $97K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Squareroot Foundation Inc is led by Ramesh Bharadwaj Panchagnula, President & Secretary since 2022 (on filings since 2021); none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Ramesh Bharadwaj Panchagnula
President & Secretary
CEO → President & Secretary, 2022
On filings since 2021
5 hrs/week
No compensation reported
Raghavendra Bhat Yelluru
Vice President
Trustee → Vice President, 2022
On filings since 2021
5 hrs/week
No compensation reported
Sneha Jalawadi
Treasurer
Trustee → Treasurer, 2022
On filings since 2021
5 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2021–2024. "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 Squareroot Foundation Inc
How much does Squareroot Foundation Inc give each year?
Squareroot Foundation Inc gave $203K across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $87K across 4 grants.
What is Squareroot Foundation Inc's typical grant size?
Squareroot Foundation Inc's median grant in 2024 was $30,000, and its average grant was $67,500, across 3 grants on its 2024 IRS Form 990-PF.
Where does Squareroot Foundation Inc give grants?
Squareroot Foundation Inc gives mostly in New Jersey: 84% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Illinois (15%).
Does Squareroot Foundation Inc give general operating support?
Yes: 100% of Squareroot Foundation Inc's 2024 grants with a stated purpose (3 of 3) were for general or operating support, per its 2024 IRS Form 990-PF.
How large is Squareroot Foundation Inc?
Squareroot Foundation Inc reported $1.8M in total assets on its 2024 IRS Form 990-PF. It paid out $205K in qualifying distributions that year, against a required minimum of $97K (roughly 5% of its investment assets).
What is Squareroot Foundation Inc's EIN?
Squareroot Foundation Inc's EIN (Employer Identification Number) is 87-3694697. IRS Form 990 filing data is available on this page for 2021–2024.
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 2021–2024
Live grants for the work Squareroot Foundation Inc funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Squareroot Foundation Inc's focus areas in our free grants database
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