Vallavbhai & Savitaben Patel is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MONTVALE, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $7.3M in total assets. In 2024, it awarded 17 grants totaling $368K. Net investment income was $1.7M.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$7.3M
-18.2% YoY
Annual Giving
$368K
-19.6% YoY
Grant Count
17
+0.0% YoY
Avg Grant Size
$22K
-19.6% YoY
Under IRS private-foundation payout rules, Vallavbhai & Savitaben Patel reported a distributable amount of $468K for 2024 — the minimum it must pay out in qualifying distributions.
About Vallavbhai & Savitaben Patel
Based on IRS filings
Vallavbhai & Savitaben Patel is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MONTVALE, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $7.3M in total assets. In 2024, it awarded 17 grants totaling $368K. Net investment income was $1.7M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $7,251,376 | $8,866,888 | $7,684,188 |
| Revenue | $1,777,488 | $240,442 | $605,662 |
| Expenses | $562,205 | $480,822 | $507,579 |
| Qualifying Distributions | $368,544 | $457,973 | $455,506 |
| Net Investment Income | $1,691,998 | $173,916 | $524,589 |
| Distributable Amount | $467,511 | $411,011 | $422,632 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
80 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Baps Endowment Inc ($153,602), Manu Foundation ($75,000), Sankara Eye Foundation ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| 14 PLUS FOUNDATION INC NEW YORK, NY | SCHOOL SUPPLIES FOR CHIPAKATA CHILDREN'S ACADEMY, ZAMBIA | $5,000 |
| BAPS CHARITIES WINDSOR, NJ | WALK A THON | $5,000 |
| BAPS ENDOWMENT INC WINDSOR, NJ | SUPPORT FOR RELIGIOUS ACTIVITIES | $153,602 |
| BAPS ENDOWMENT INC WINDSOR, NJ | CONSTRUCTION OF TEMPLE COMPLEX | $17,802 |
| HOMES FOR OUR TROOPS TAUNTON, MA | BUILD HOMES FOR SEVERELY INJURED SERVICEMEN & WOMEN OF THE US ARMED FORCES | $5,000 |
| INJURED MARINE SEMPER FI FUND OCEANSIDE, CA | PROVIDE FINANCIAL SUPPORT FOR INJURED & CRITICALLY ILL MEMBERS OF THE US ARMED FORCES & THEIR FAMILIES | $5,000 |
| MANU FOUNDATION IRVINE, CA | BUILDING CLASSROOMS IN RUEAL ZAMBIA | $75,000 |
| MASOMO EDUCATION FOUNDATION | SCHOLARSHIPS FOR STUDENTS IN ZAMBIA | $5,000 |
| NEW EYES FOR THE NEEDY SHORT HILLS, NJ | PRESCRIPTION GLASSES FOR FINANCIALLY STRUGGLING CHILDREN & ADULTS | $2,500 |
| ORBIS NEW YORK, NY | MEDICAL SUPPLIES FOR PEDIATRIC HOSPITAL IN KITWE ZAMBIA | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KIRAN PATEL | TRUSTEE | — | — |
| PARESH PATEL | TRUSTEE | — | — |
| YASHVANT PATEL | TRUSTEE | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Vallavbhai & Savitaben Patel?
Vallavbhai & Savitaben Patel is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MONTVALE, NJ. It holds $7.3M in total assets as of 2024.
How large is Vallavbhai & Savitaben Patel?
As of 2024, Vallavbhai & Savitaben Patel holds $7.3M in total assets with $1.8M in annual revenue. It awarded 17 grants totaling $368K in 2024.
Where does Vallavbhai & Savitaben Patel operate?
Vallavbhai & Savitaben Patel has awarded grants in California, Connecticut, Illinois, Massachusetts, New Jersey, New York, Utah.
What size grants does Vallavbhai & Savitaben Patel award?
In 2024, Vallavbhai & Savitaben Patel awarded 17 grants totaling $368K — an average of about $22K per grant, based on its IRS Form 990 filings.
How much is Vallavbhai & Savitaben Patel required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Vallavbhai & Savitaben Patel reported a distributable amount of $468K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Vallavbhai & Savitaben Patel's EIN?
Vallavbhai & Savitaben Patel's EIN (Employer Identification Number) is 22-3696763. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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