The Gangwal Foundation

Private foundation · Grantmaker South Barrington, IL EIN: 47-2218598

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.

Key facts about The Gangwal Foundation

In short: The Gangwal Foundation gave $1K across 1 grant in 2025 (avg $1K), mostly in Illinois. Source: 2025 IRS Form 990-PF.

EIN
47-2218598
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$1,000
Grants made (2025)
1
Average grant
$1,000
Median grant
$1,000
Total assets
$254,787
Primary geography
Illinois (100% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$255K

-1.3% YoY

Annual Giving

$1K

-95.9% YoY

Grant Count

1

-80.0% YoY

Avg Grant Size

$1K

-79.6% YoY

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.

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.

Your AI grants department

Ready to take the next step with The Gangwal Foundation?

Fully replaces Grant database subscriptions Instrumentl · Foundation Directory · GrantStation & similar

Geographic Focus

Where this funder awards grants

Grant Distribution by State

3states

Share of the 2025 grant dollars on its one itemized grant.

Cities

ChicagoArlington HeightsNew YorkBartlettBarringtonHoffman EstatesOak BrookSt. Louis

Giving Over Time

Total grant dollars and number of grants per year

$0$10K$20K$30K7 grants2020 6 grants2021 2 grants2022 1 grant2023 5 grants2024 1 grant2025

From 2020 to 2025, annual grant giving ranged from $1K (2025) to $25K (2024). In 2025 it made 1 grant totaling $1K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top recipient in 2025

Indian American Medical Association Charitable Foundation: $1KIndian American MedicalAssociation Charitable…$1K

The largest 2025 recipient was Indian American Medical Association Charitable Foundation ($1K).

Grant Size Distribution

15 grants across all recorded years

15<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 15 grants of 15 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Indian American Medical Association Charitable Foundation Chicago, ILUnrestricted Use of the Charity$1,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
$0$10K$20K$30K2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$254,787$258,023$284,482
Revenue——$15
Expenses$3,236$26,459$16,315
Qualifying Distributions$3,236$26,459$16,300
Distributable Amount$12,647$13,891$14,764

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS September 14, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS October 14, 2022)
  3. Added Form 990-PF for fiscal year 2022 (received by the IRS August 30, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS October 2, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS August 22, 2025)
  6. Added Form 990-PF for fiscal year 2025 (received by the IRS July 27, 2026)
  7. IRS filings on file for fiscal years 2020–2024

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.

Your AI grants department

Here's the math on researching The Gangwal Foundation by hand.

Explore Open Grants

Browse active grant opportunities in The Gangwal Foundation's focus areas in our free grants database

Similar Funders

Funders with grantees in common

John D and Catherine T Macarthur Foundation

Chicago, IL

The foundation funds a broad range of work, including journalism, arts, Chicago communities, climate and clean energy, homelessness, human rights, and criminal justice reform. Its 2024 grants had a median of $160,000, with awards ranging from $450 to $21 million; funding is nationwide, with the largest shares going to New York, Illinois, and Washington, D.C. Application rules vary by program: some accept self-nominations or Letters of Inquiry, while others generally do not fund unsolicited proposals.

Assets

$9.3B

Grants

1,086

Total Given

$356.1M

Dr Scholl Foundation

Northbrook, IL

The Dr. Scholl Foundation funds eligible nonprofits working in education, social services, healthcare, civic and cultural activities, and the environment, primarily in the United States; overseas requests may be considered when a board member knows the applicant. Grants typically average $5,000–$25,000, though awards vary widely, and the foundation accepts requests through an LOI process, with full applications by invitation.

Assets

$211.9M

Grants

410

Total Given

$8.9M

The Lewis Greenwood Foundation

Newbury Park, CA

The Lewis Greenwood Foundation supports a range of charitable work, including nutrition, environmental protection, disaster relief, education, and community services, with 2025 grants distributed mainly in California, Illinois, Florida, and New York. Its grants ranged from $1,000 to $25,000, with a median of $5,000; it accepts written requests with supporting documentation and says requests cannot exceed $25,000.

Assets

$6.7M

Grants

64

Total Given

$360K

Parag and Dulari Doshi Foundation

South Barrington, IL

Assets

$1.7M

Grants

8

Total Given

$152K

JKP Family Foundation

Chicago, IL

JKP Family Foundation supports annual operations for a range of charitable organizations, with most of its 2024 grant dollars going to Illinois and Louisiana. Grants ranged from $350 to $100,000, with a median of $7,750. It gives only to preselected organizations and does not accept unsolicited requests.

Philanthropy, Voluntarism & Grantmaking

Assets

$3.7M

Grants

18

Total Given

$454K

Illinois Coalition Against Domestic Violence

Springfield, IL

The Illinois Coalition Against Domestic Violence funds Illinois domestic-violence service providers, supporting victim services such as advocacy, counseling, and shelter-related services. Its 2025 grants ranged from $7,500 to $424,529, with a median of about $175,000; its website lists no current funding opportunities, and does not state whether unsolicited requests are accepted.

Mental Health & Crisis Intervention

Assets

$3.7M

Grants

56

Total Given

$10.6M

The Pattis Family Foundation

Highland Park, IL

The Pattis Family Foundation supports program and operating expenses, reporting a single grant of about $503,000 in 2025 to a recipient in Illinois. It gives only to preselected charitable organizations and does not accept unsolicited requests.

Assets

$16.3M

Grants

1

Total Given

$503K

The John Buck Company Foundation

Chicago, IL

The foundation supports Chicago-area organizations serving children and families, especially through education, as well as community, environmental, child-welfare, and family-care programs. Recent grants ranged from $10,000 to $25,000, with total giving of about $321,000–$337,000 in 2022–2023; its 2024 filing reported no grants. Its civic involvement committee reviews requests, but the profile does not state whether unsolicited requests are accepted.

Philanthropy, Voluntarism & Grantmaking

Assets

$373K

Grants

0

Total Given

$36K

Julian Grace Foundation

Highland Park, IL

The Julian Grace Foundation supports U.S.-based nonprofits working in immigration and human rights, cultural heritage, health, education, and environmental protection; it is not currently inviting new organizations in education. Its 2024 grants ranged from $1,000 to $310,000, with a median of $60,000, and most funding went to Illinois organizations. It does not accept unsolicited funding requests; applications are by invitation, though organizations may send a brief introduction.

Philanthropy, Voluntarism & Grantmaking

Assets

$87.0M

Grants

105

Total Given

$8.1M

Ashish and Sugeeta Kohli Family

Northbrook, IL

Philanthropy, Voluntarism & Grantmaking

Assets

$90K

Grants

2

Total Given

$6K

Naida S Wharton Foundation

Garden City, NY

The Naida S Wharton Foundation supports organizations in areas including journalism, education, reproductive health, human services, and plant science and public education. Its 2024 grants ranged from $500 to $100,000, with a median of $5,000, and most funding went to organizations in New York, followed by New Jersey. The profile does not state whether it accepts unsolicited requests.

Philanthropy, Voluntarism & Grantmaking

Assets

$7.3M

Grants

31

Total Given

$415K

The Lumpkin Family Foundation

Mattoon, IL

The Lumpkin Family Foundation funds nonprofit work on environmental protection, healthy living, local food and agriculture, community collaboration, and mental wellness, primarily in East Central Illinois and Chicago, with some national support. Grant sizes vary widely; in 2024, grants ranged from $50 to $630,000, with a median of $6,000. Its 2024 filing says it does not accept unsolicited requests, though most programs begin with an online letter of inquiry.

Assets

$39.9M

Grants

209

Total Given

$4.0M

More Funders in Illinois

The Gangwal Foundation down — hundreds of funders to go?

Want AI to do this for you?