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.

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 $4K (95%)

Tennessee $211 (5%)

States

South Carolina Tennessee

Cities

ChattanoogaGreenvilleMt 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

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 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
AMERICAN HEART ASSOCIATION MT PLEASANT, SC	LOCAL COMMUNITY SUPPORT	$200
A CHILDRENS HAVEN GREENVILLE, SC	LOCAL COMMUNITY SUPPORT	$1,000
RONALD MCDONALD HOUSE CHARITIES OF GREATER CHATTANOOGA CHATTANOOGA, TN	LOCAL COMMUNITY SUPPORT	$211

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
SHEELA PATEL	PRESIDENT	1	—
BIPIN PATEL	TREASURER	1	—

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.