Squareroot Foundation Inc
Squareroot Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Key facts about Squareroot Foundation Inc
- EIN
- 87-3694697
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $202,500
- Grants made (2024)
- 3
- Average grant
- $67,500
- Median grant
- $30,000
- Total assets
- $1,808,701
- Primary geography
- New Jersey (84% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Squareroot Foundation Inc funds
By grant dollars, the top recipient states for Squareroot Foundation Inc's 3 itemized 2024 grants were New Jersey (84%) and Illinois (15%). 100% of grants with a stated purpose were for general or operating support.
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.
Next steps with Squareroot Foundation Inc
- How to evaluate Squareroot Foundation Inc as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.8M
-8.1% YoY
Annual Giving
$203K
+132.8% YoY
Grant Count
3
-25.0% YoY
Avg Grant Size
$68K
+210.3% YoY
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.
About Squareroot Foundation Inc
Based on IRS filings
Squareroot Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 3 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,808,701 | $1,967,263 | $2,034,699 |
| Revenue | $58,514 | $36,620 | $43,221 |
| Expenses | $217,076 | $104,056 | $20,426 |
| Qualifying Distributions | $205,270 | $91,874 | $13,903 |
| Net Investment Income | $47,202 | $35,558 | $36,251 |
| Distributable Amount | $96,745 | $90,216 | $88,238 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
9 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include My Dream Global Foundation ($170,000), Dtribals Foundation ($30,000), Vedic Education and Devotional Academy ($2,500).
| 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 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Ramesh Bharadwaj Panchagnula | President and Secretary | 5 | — |
| Raghavendra Bhat Yelluru | Vice-President | 5 | — |
| Sneha Jalawadi | Treasurer | 5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Squareroot Foundation Inc?
Squareroot Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Newark, DE. It holds $1.8M in total assets as of 2024.
How large is Squareroot Foundation Inc?
As of 2024, Squareroot Foundation Inc holds $1.8M in total assets with $59K in annual revenue. It awarded 3 grants totaling $203K in 2024.
Where does Squareroot Foundation Inc operate?
Squareroot Foundation Inc has awarded grants in California, Illinois, New Jersey.
What size grants does Squareroot Foundation Inc award?
In 2024, Squareroot Foundation Inc awarded 3 grants totaling $203K — an average of about $68K per grant, based on its IRS Form 990 filings.
How much is Squareroot Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Squareroot Foundation Inc reported a distributable amount of $97K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.