The Swaminathan and Garg Foundation
The Swaminathan and Garg Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Westlake, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $567K in total assets. In 2024, it awarded 8 grants totaling $48K. Net investment income was $14K.
Key facts about The Swaminathan and Garg Foundation
- EIN
- 30-0405066
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $47,700
- Grants made (2024)
- 8
- Average grant
- $5,963
- Median grant
- $5,000
- Total assets
- $567,488
- Primary geography
- Ohio (52% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Swaminathan and Garg Foundation funds
By grant dollars, the top recipient states for The Swaminathan and Garg Foundation's 8 itemized 2024 grants were Ohio (52%), Texas (21%) and Colorado (10%). The most frequent recipient cities were Cleveland, OH (3 grants). None of its 8 grants with a stated purpose were described as general or operating support. Recurring purposes include "Charitable Contribution" (8 grants).
How The Swaminathan and Garg Foundation gives
- Giving grew 50% from 2021 to 2024. Method
- In 2024 it paid out 147% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with The Swaminathan and Garg Foundation
- How to evaluate The Swaminathan and Garg Foundation as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$567K
-4.0% YoY
Annual Giving
$48K
+55.4% YoY
Grant Count
8
+60.0% YoY
Avg Grant Size
$6K
-2.9% YoY
Under IRS private-foundation payout rules, The Swaminathan and Garg Foundation reported a distributable amount of $32K for 2024 — the minimum it must pay out in qualifying distributions.
About The Swaminathan and Garg Foundation
Based on IRS filings
The Swaminathan and Garg Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Westlake, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $567K in total assets. In 2024, it awarded 8 grants totaling $48K. Net investment income was $14K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 8 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $567,488 | $591,338 | $597,235 |
| Revenue | $28,807 | $31,228 | $57,216 |
| Expenses | $52,657 | $37,125 | $57,952 |
| Qualifying Distributions | $47,700 | $30,700 | $50,530 |
| Net Investment Income | $14,223 | $14,901 | $13,884 |
| Distributable Amount | $32,366 | $27,674 | $27,972 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
Grant Size Distribution
37 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include St Edward High School ($10,000), Ekal Vidyalaya Foundation ($10,000), You Summer to Success ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ST EDWARD HIGH SCHOOL Lakewood, OH | CHARITABLE CONTRIBUTION | $10,000 |
| EKAL VIDYALAYA FOUNDATION Houston, TX | CHARITABLE CONTRIBUTION | $10,000 |
| YOU SUMMER TO SUCCESS Cleveland, OH | CHARITABLE CONTRIBUTION | $5,000 |
| SAME CAFE Denver, CO | CHARITABLE CONTRIBUTION | $5,000 |
| BIRTHING BEAUTIFUL COMMUNITIES Cleveland, OH | CHARITABLE CONTRIBUTION | $5,000 |
| SALVATION ARMY Cleveland, OH | CHARITABLE CONTRIBUTION | $5,000 |
| SOS CHILDREN'S VILLAGE Washington, DC | CHARITABLE CONTRIBUTION | $4,700 |
| HOMES OF HOPE INDIA Wilmington, NC | CHARITABLE CONTRIBUTION | $3,000 |
Leadership & Key People
Officers and directors from IRS filings
The Swaminathan and Garg Foundation is led by Sanjay Garg, President on every filing since 2020; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Sanjay Garg
President
On filings since 2020
0.5 hrs/week
No compensation reported
Malavika N. Garg
Vice President
On filings since 2020
0.5 hrs/week
No compensation reported
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.
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Swaminathan and Garg Foundation?
The Swaminathan and Garg Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Westlake, OH. It holds $567K in total assets as of 2024.
How large is The Swaminathan and Garg Foundation?
As of 2024, The Swaminathan and Garg Foundation holds $567K in total assets with $29K in annual revenue. It awarded 8 grants totaling $48K in 2024.
Where does The Swaminathan and Garg Foundation operate?
The Swaminathan and Garg Foundation has awarded grants in California, Colorado, District of Columbia, North Carolina, Ohio, Texas.
What size grants does The Swaminathan and Garg Foundation award?
In 2024, The Swaminathan and Garg Foundation awarded 8 grants totaling $48K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is The Swaminathan and Garg Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Swaminathan and Garg Foundation reported a distributable amount of $32K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Swaminathan and Garg Foundation's EIN?
The Swaminathan and Garg Foundation's EIN (Employer Identification Number) is 30-0405066. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.