Varanasi Family Foundation
Varanasi Family Foundation is a private foundation, based in Wilmington, DE. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $1.5M in total assets. In 2024, it awarded 2 grants totaling $13K. Net investment income was $531K.
Varanasi Family Foundation at a glance
In short: Varanasi Family Foundation gave $13K across 2 grants in 2024 (avg $6K), mostly in Georgia. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $12,500
- +400.0% vs 2023
- Grants made (2024)
- 2
- +100.0% vs 2023
- Average grant
- $6,250
- +150.0% vs 2023
- Median grant
- $6,250
- Total assets
- $1,483,591
- +36.0% vs 2023
- Primary geography
- Georgia (80% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Varanasi Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was National Black Womens Health Project Inc ($10K). Together the top 2 received $13K.
Grant Size Distribution
4 grants across all recorded years
The most common grant size was under $50K: 4 grants of 4 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
Cities
How Varanasi Family Foundation gives
- In 2024 it paid out 43% 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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2022 to 2024, annual grant giving ranged from $3K (2023) to $13K (2024). In 2024 it made 2 grants totaling $13K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| National Black Womens Health Project Inc Atlanta, GA | General & Unrestricted | $10,000 |
| Village Book Builders Inc Lehi, UT | General & Unrestricted | $2,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $1,483,591 | $425,611 | $32,860 | $12,500 | 2 | $26,212 | $531,150 | $61,613 |
| 2023 | $1,090,840 | $417,048 | $15,632 | $2,500 | 1 | $14,127 | $91,433 | $36,143 |
| 2022 | $689,424 | $135,881 | $22,794 | $10,000 | 1 | $19,096 | $8,015 | $26,164 |
| 2021 | $576,337 | $334,825 | $10,155 | — | — | $8,224 | $184,102 | $12,807 |
Under IRS private-foundation payout rules, Varanasi Family Foundation reported a distributable amount of $62K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Varanasi Family Foundation is led by Sai Varanasi, Co- President, Director & Treasurer on every filing since 2021; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Sai Varanasi
Co- President, Director & Treasurer
On filings since 2021
1 hr/week
No compensation reported
Theresa Varanasi
Co- President, Director & Secretary
On filings since 2021
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2021–2024. "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 Varanasi Family Foundation
How much does Varanasi Family Foundation give each year?
Varanasi Family Foundation gave $13K across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $3K across 1 grant.
How large is Varanasi Family Foundation?
Varanasi Family Foundation reported $1.5M in total assets on its 2024 IRS Form 990-PF. It paid out $26K in qualifying distributions that year, against a required minimum of $62K (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 Varanasi Family Foundation operate?
Varanasi Family Foundation has awarded grants in Georgia, Texas, Utah.
What is Varanasi Family Foundation's EIN?
Varanasi Family Foundation's EIN (Employer Identification Number) is 85-1620462. IRS Form 990 filing data is available on this page for 2021–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2024
Live grants for the work Varanasi Family Foundation funds
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