The Gangwal Foundation
The Gangwal Foundation is a private foundation, based in South Barrington, IL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $255K in total assets. In 2025, it awarded 1 grant totaling $1K.
The Gangwal Foundation at a glance
In short: The Gangwal Foundation gave $1K across 1 grant in 2025 (avg $1K), mostly in Illinois. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $1,000
- -95.9% vs 2024
- Grants made (2025)
- 1
- -80.0% vs 2024
- Average grant
- $1,000
- -79.6% vs 2024
- Median grant
- $1,000
- Total assets
- $254,787
- -1.3% vs 2024
- Primary geography
- Illinois (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Gangwal Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Indian American Medical Association Charitable Foundation ($1K).
Grant Size Distribution
15 grants across all recorded years
The most common grant size was under $50K: 15 grants of 15 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
Cities
How The Gangwal Foundation gives
- Giving fell 94% from 2022 to 2025. Method
- In 2025 it paid out 26% 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 2025, annual grant giving ranged from $1K (2025) to $25K (2024). In 2025 it made 1 grant totaling $1K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Indian American Medical Association Charitable Foundation Chicago, IL | Unrestricted Use of the Charity | $1,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2025 | $254,787 | — | $3,236 | $1,000 | 1 | $3,236 | $12,647 |
| 2024 | $258,023 | — | $26,459 | $24,500 | 5 | $26,459 | $13,891 |
| 2023 | $284,482 | $15 | $16,315 | $15,000 | 1 | $16,300 | $14,764 |
| 2022 | $300,782 | $1,215 | $19,010 | $17,700 | 2 | $18,995 | $15,650 |
| 2021 | $318,577 | — | $17,690 | $16,100 | 6 | $17,690 | $16,408 |
| 2020 | $336,267 | $153 | $18,516 | $17,301 | 7 | — | $17,330 |
Under IRS private-foundation payout rules, The Gangwal Foundation reported a distributable amount of $13K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Gangwal Foundation is led by Mukesh Gangwal, President & Director on every filing since 2020; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Mukesh Gangwal
President & Director
On filings since 2020
No compensation reported
Nita Gangwal
Treasurer & Director
On filings since 2020
No compensation reported
Veer Gangwal
Director
On filings since 2020
No compensation reported
Vidur Gangwal
Director
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "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 The Gangwal Foundation
How much does The Gangwal Foundation give each year?
The Gangwal Foundation gave $1K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $25K across 5 grants.
How large is The Gangwal Foundation?
The Gangwal Foundation reported $255K in total assets on its 2025 IRS Form 990-PF. It paid out $3K in qualifying distributions that year, against a required minimum of $13K (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.
Where does The Gangwal Foundation operate?
The Gangwal Foundation has awarded grants in Illinois, Missouri, New York.
What is The Gangwal Foundation's EIN?
The Gangwal Foundation's EIN (Employer Identification Number) is 47-2218598. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS September 14, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS October 14, 2022)
- Added Form 990-PF for fiscal year 2022 (received by the IRS August 30, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS October 2, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS August 22, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS July 27, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work The Gangwal Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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