Varanasi Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.5M
+36.0% YoY
Annual Giving
$13K
+400.0% YoY
Grant Count
2
+100.0% YoY
Avg Grant Size
$6K
+150.0% YoY
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.
About Varanasi Family Foundation
Based on IRS filings
Varanasi Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Focus Areas
Ready to take the next step with Varanasi Family Foundation?
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 | $1,483,591 | $1,090,840 | $689,424 |
| Revenue | $425,611 | $417,048 | $135,881 |
| Expenses | $32,860 | $15,632 | $22,794 |
| Qualifying Distributions | $26,212 | $14,127 | $19,096 |
| Net Investment Income | $531,150 | $91,433 | $8,015 |
| Distributable Amount | $61,613 | $36,143 | $26,164 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
4 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include National Black Womens Health Project Inc ($10,000), Village Book Builders Inc ($2,500).
| 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 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Sai Varanasi | Co- Pres, Dir, Treas | 1 | — |
| Theresa Varanasi | Co- Pres, Dir, Sec | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Varanasi Family Foundation?
Varanasi Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. It holds $1.5M in total assets as of 2024.
How large is Varanasi Family Foundation?
As of 2024, Varanasi Family Foundation holds $1.5M in total assets with $426K in annual revenue. It awarded 2 grants totaling $13K in 2024.
Where does Varanasi Family Foundation operate?
Varanasi Family Foundation has awarded grants in Georgia, Texas, Utah.
What size grants does Varanasi Family Foundation award?
In 2024, Varanasi Family Foundation awarded 2 grants totaling $13K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is Varanasi Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Varanasi Family Foundation reported a distributable amount of $62K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Varanasi Family Foundation's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Pharmaceutical Research and Manufacturers of America
WASHINGTON, DC
Assets
$349.0M
Grants
461
Total Given
$41.4M
Sixteen Thirty Fund
WASHINGTON, DC
Assets
$106.5M
Grants
318
Total Given
$236.4M
The Cowles Charitable Trust
STATEN ISLAND, NY
Assets
$13.2M
Grants
262
Total Given
$1.4M
Clark and Christine Ivory Foundation
SALT LAKE CITY, UT
Assets
$326.5M
Grants
62
Total Given
$9.0M
In Our Own Voice National Black Women's
WASHINGTON, DC
Assets
$10.2M
Grants
14
Total Given
$1.0M
Cynthia M Reed Inc
PLEASANT GROVE, UT
Assets
$59K
Grants
4
Total Given
$6K
WK Kellogg Foundation
BATTLE CREEK, MI
Assets
$454.4M
Grants
1,778
Total Given
$286.5M
Gannett Foundation Inc
NEW YORK, NY
Assets
$81K
Grants
360
Total Given
$189K
The Robert Wood Johnson Foundation
PRINCETON, NJ
Assets
$13.4B
Grants
3,093
Total Given
$622.6M
The William & Flora Hewlett Foundation
MENLO PARK, CA
Assets
$14.2B
Grants
2,001
Total Given
$625.0M
Gs Donor Advised Philanthropy Fund
NEW YORK, NY
Assets
$12.7B
Grants
7,424
Total Given
$3.0B
American Institutes for Research in the
ARLINGTON, VA
Assets
$1.1B
Grants
34
Total Given
$4.2M
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Varanasi Family Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching Varanasi Family Foundation to a real strategy.