Tara and Jay Panara Family Foundation
Tara and Jay Panara Family Foundation is a private foundation, based in Largo, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $660K in total assets. In 2024, it awarded 3 grants totaling $31K. Net investment income was $21K.
Tara and Jay Panara Family Foundation at a glance
In short: Tara and Jay Panara Family Foundation gave $31K across 3 grants in 2024 (avg $10K), top state Illinois. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $31,000
- +1.6% vs 2023
- Grants made (2024)
- 3
- +50.0% vs 2023
- Average grant
- $10,333
- -32.2% vs 2023
- Median grant
- $500
- Total assets
- $660,057
- -13.3% vs 2023
- Primary geography
- Illinois (2% 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 Tara and Jay Panara Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was Shree Uma Charitable ($30K). Together the top 3 received $31K.
Grant Size Distribution
13 grants across all recorded years
The most common grant size was under $50K: 13 grants of 13 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
Cities
How Tara and Jay Panara Family Foundation gives
- Giving held roughly steady from 2021 to 2024 (+1%). Method
- In 2024 it paid out 140% 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 2020 to 2024, annual grant giving ranged from $6K (2020) to $31K (2024). In 2024 it made 3 grants totaling $31K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Shree Uma Charitable | GIFT | $30,000 |
| Devotional Assoc of Yogeshwar Addison, IL | GIFT | $500 |
| Muni Seva Charitable Foundation USA Dayton, OH | GIFT | $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 | $660,057 | $103,236 | $45,168 | $31,000 | 3 | $45,168 | $21,115 | $32,215 |
| 2023 | $761,113 | $41,297 | $42,364 | $30,500 | 2 | $42,364 | $19,798 | $37,210 |
| 2022 | $667,822 | $55,571 | $44,667 | $30,601 | 3 | $43,845 | $18,580 | $33,120 |
| 2021 | $656,918 | $36,566 | $41,903 | $30,600 | 3 | $30,600 | $27,788 | $36,085 |
| 2020 | $662,279 | $348,855 | $17,969 | $5,600 | 2 | — | $1,698 | $3,137 |
Under IRS private-foundation payout rules, Tara and Jay Panara Family Foundation reported a distributable amount of $32K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Tara and Jay Panara Family Foundation is led by Jaysukhlal V Panara, Trustee on every filing since 2020 — the only officer listed, and uncompensated.
Officers on the 2024 filing
Jaysukhlal V Panara
Trustee
On filings since 2020
No compensation reported
Former officers (1)
- Former: Tara J Panara (2020–2022) — Trustee
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 Tara and Jay Panara Family Foundation
How much does Tara and Jay Panara Family Foundation give each year?
Tara and Jay Panara Family Foundation gave $31K across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $31K across 2 grants.
What is Tara and Jay Panara Family Foundation's typical grant size?
Tara and Jay Panara Family Foundation's median grant in 2024 was $500, and its average grant was $10,333, across 3 grants on its 2024 IRS Form 990-PF.
Does Tara and Jay Panara Family Foundation give general operating support?
Not in 2024: none of the 3 grants with a stated purpose on Tara and Jay Panara Family Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Gift" (3 grants).
How large is Tara and Jay Panara Family Foundation?
Tara and Jay Panara Family Foundation reported $660K in total assets on its 2024 IRS Form 990-PF. It paid out $45K in qualifying distributions that year, against a required minimum of $32K (roughly 5% of its investment assets).
Where does Tara and Jay Panara Family Foundation operate?
Tara and Jay Panara Family Foundation has awarded grants in Florida, Illinois, Ohio, Texas.
What is Tara and Jay Panara Family Foundation's EIN?
Tara and Jay Panara Family Foundation's EIN (Employer Identification Number) is 83-6562434. 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
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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