Syal Foundation Inc
Syal Foundation Inc is a private foundation focused on Human Services, based in Shoreview, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.2M in total assets. In 2024, it awarded 5 grants totaling $79K. Net investment income was $157K.
Syal Foundation Inc at a glance
In short: Syal Foundation Inc gave $79K across 5 grants in 2024 (avg $16K), mostly in Minnesota. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $78,500
- -11.3% vs 2023
- Grants made (2024)
- 5
- -37.5% vs 2023
- Average grant
- $15,700
- +41.9% vs 2023
- Median grant
- $10,000
- Total assets
- $2,239,503
- +3.0% vs 2023
- Primary geography
- Minnesota (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 Syal Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
The largest 2024 recipient was Sewa Aifw ($50K). Together the top 5 received $79K.
Grant Size Distribution
41 grants across all recorded years
The most common grant size was under $50K: 39 grants of 41 (95%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 5 itemized grants.
Cities
How Syal Foundation Inc gives
- Giving grew 481% from 2021 to 2024. Method
- In 2024 it paid out 86% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2020 to 2024, annual grant giving ranged from $11K (2020) to $89K (2023). In 2024 it made 5 grants totaling $79K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Sewa Aifw Minneapolis, MN | General | $50,000 |
| Federation of Gita Ashrama Champlin, MN | General | $11,000 |
| Pine Tree Apple Tenis Classic Lakeville, MN | General | $10,000 |
| Change Foundation Minneapolis, MN | General | $5,000 |
| Emerge Minneapolis, MN | General | $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 | $2,239,503 | $156,983 | $91,908 | $78,500 | 5 | $91,908 | $156,983 | $106,511 |
| 2023 | $2,174,428 | $170,363 | $97,182 | $88,500 | 8 | $97,182 | $120,363 | $102,856 |
| 2022 | $2,101,247 | $197,904 | $97,055 | $84,000 | 18 | $97,055 | $96,293 | $100,055 |
| 2021 | $1,998,398 | $241,271 | $16,186 | $13,500 | 5 | $16,186 | $86,198 | $94,053 |
| 2020 | $1,773,313 | $306,609 | $23,365 | $10,500 | 5 | — | $56,609 | $77,112 |
Under IRS private-foundation payout rules, Syal Foundation Inc reported a distributable amount of $107K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Syal Foundation Inc is led by Sanjay Syal, President on every filing since 2020; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Sanjay Syal
President
On filings since 2020
1 hr/week
No compensation reported
Devender K. Syal
Director
On filings since 2020
2 hrs/week
No compensation reported
Former officers (2)
- Former: Daniel Carl (2020–2022) — Director
- Former: Naveen Shani (2020–2022) — Director
Data from IRS Form 990 filings, 2020–2024. "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 Syal Foundation Inc
How much does Syal Foundation Inc give each year?
Syal Foundation Inc gave $79K across 5 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $89K across 8 grants.
What is Syal Foundation Inc's typical grant size?
Syal Foundation Inc's median grant in 2024 was $10,000, and its average grant was $15,700, across 5 grants on its 2024 IRS Form 990-PF.
Where does Syal Foundation Inc give grants?
Syal Foundation Inc gives mostly in Minnesota: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Minneapolis, MN (3 grants).
Does Syal Foundation Inc give general operating support?
Yes: 100% of Syal Foundation Inc's 2024 grants with a stated purpose (5 of 5) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Syal Foundation Inc's largest grantees?
Syal Foundation Inc's largest 2024 grantees include Sewa Aifw ($50,000), Federation of Gita Ashrama ($11,000) and Pine Tree Apple Tenis Classic ($10,000), according to its 2024 IRS Form 990-PF. Together they received 90% of its itemized 2024 grant dollars.
How large is Syal Foundation Inc?
Syal Foundation Inc reported $2.2M in total assets on its 2024 IRS Form 990-PF. It paid out $92K in qualifying distributions that year, against a required minimum of $107K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Syal Foundation Inc?
Syal Foundation Inc is a private foundation focused on Human Services, based in Shoreview, MN. It holds $2.2M in total assets as of 2024.
What is Syal Foundation Inc's EIN?
Syal Foundation Inc's EIN (Employer Identification Number) is 41-1892773. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 1, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 14, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS September 3, 2024)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS October 21, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 26, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Syal Foundation Inc funds
Human Services Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Syal Foundation Inc's focus areas in our free grants database
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