V Patel Foundation Inc

Foundation · Grantmaker Greenville, SC EIN: 87-4759524

V Patel Foundation Inc is a private foundation focused on Food, Agriculture & Nutrition, based in Greenville, SC. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $5K in total assets. In 2024, it awarded 4 grants totaling $3K.

Key facts about V Patel Foundation Inc

EIN: 87-4759524
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $3,411
Grants made (2024): 4
Average grant: $853
Median grant: $606
Total assets: $4,738
Primary geography: South Carolina (94% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Who V Patel Foundation Inc funds

By grant dollars, the top recipient states for V Patel Foundation Inc's 4 itemized 2024 grants were South Carolina (94%) and Tennessee (6%). The most frequent recipient cities were Greenville, SC (2 grants). None of its 4 grants with a stated purpose were described as general or operating support. Recurring purposes include "Local Community Support" (4 grants).

How V Patel Foundation Inc gives

In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$5K

-24.8% YoY

Annual Giving

$3K

+354.8% YoY

Grant Count

+300.0% YoY

Avg Grant Size

$852.75

+13.7% YoY

Under IRS private-foundation payout rules, V Patel Foundation Inc reported a distributable amount of $208 for 2024 — the minimum it must pay out in qualifying distributions.

About V Patel Foundation Inc

Based on IRS filings

Focus Areas

Food, Agriculture & Nutrition

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

South Carolina $3K (94%)

Tennessee $211 (6%)

Share of all 4 itemized 2024 grant dollars.

States

South Carolina Tennessee

Cities

GreenvilleChattanoogaMt Pleasant

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$4,738	$6,304	$6,889
Revenue	$2,005	$201	$13,441
Expenses	$3,571	$786	$6,552
Qualifying Distributions	$3,566	$786	$6,552
Net Investment Income	—	—	—
Distributable Amount	$208	$310	$34

Data update history

When this profile's IRS filing data changed on Grantable

March 3, 2026 IRS filings on file for fiscal years 2022–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2024

Grant Size Distribution

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include The Julie Valentine Center ($2,000), A Childrens Haven ($1,000), Ronald McDonald House Charities of Greater Chattanooga ($211).

Recipient	Purpose	Amount
THE JULIE VALENTINE CENTER Greenville, SC	LOCAL COMMUNITY SUPPORT	$2,000
A CHILDRENS HAVEN Greenville, SC	LOCAL COMMUNITY SUPPORT	$1,000
RONALD MCDONALD HOUSE CHARITIES OF GREATER CHATTANOOGA Chattanooga, TN	LOCAL COMMUNITY SUPPORT	$211
AMERICAN HEART ASSOCIATION Mt Pleasant, SC	LOCAL COMMUNITY SUPPORT	$200

Leadership & Key People

Officers and directors from IRS filings

V Patel Foundation Inc is led by Sheela Patel, President on every filing since 2022; none of the 2 officers listed in 2024 report compensation.

Officers on the 2024 filing

Sheela Patel

President

On filings since 2022

1 hr/week

No compensation reported
Bipin Patel

Treasurer

On filings since 2022

1 hr/week

No compensation reported

Data from IRS Form 990 filings, 2022–2024. "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

Food, Agriculture & Nutrition

Frequently Asked Questions

What is V Patel Foundation Inc?

V Patel Foundation Inc is a private foundation focused on Food, Agriculture & Nutrition, based in Greenville, SC. It holds $5K in total assets as of 2024.

How large is V Patel Foundation Inc?

As of 2024, V Patel Foundation Inc holds $5K in total assets with $2K in annual revenue. It awarded 4 grants totaling $3K in 2024.

Where does V Patel Foundation Inc operate?

V Patel Foundation Inc has awarded grants in South Carolina, Tennessee.

What size grants does V Patel Foundation Inc award?

In 2024, V Patel Foundation Inc awarded 4 grants totaling $3K — an average of about $852.75 per grant, based on its IRS Form 990 filings.

How much is V Patel Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, V Patel Foundation Inc reported a distributable amount of $208 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.