Varia Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MARTIN, KY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $288K in total assets. In 2024, it awarded 21 grants totaling $66K. Net investment income was $58K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$288K
-1.1% YoY
Annual Giving
$66K
+39.7% YoY
Grant Count
21
+90.9% YoY
Avg Grant Size
$3K
-26.8% YoY
Under IRS private-foundation payout rules, Varia Family Foundation Inc reported a distributable amount of $36K for 2024 — the minimum it must pay out in qualifying distributions.
About Varia Family Foundation Inc
Based on IRS filings
Varia Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MARTIN, KY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $288K in total assets. In 2024, it awarded 21 grants totaling $66K. Net investment income was $58K.
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 | $288,403 | $291,477 | $300,020 |
| Revenue | $63,931 | $59,803 | $25,569 |
| Expenses | $67,005 | $48,346 | $64,555 |
| Qualifying Distributions | $65,553 | $46,910 | $60,550 |
| Net Investment Income | $57,926 | $29,799 | $19,569 |
| Distributable Amount | $35,819 | $31,745 | $33,191 |
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
85 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Jaina ($45,000), Floyd Central High School ($8,000), Floyd Central High School ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| JAINA SOUTH DAYTONA, FL | RELIGIOUS DONATION | $45,000 |
| KAYLEE HALL LANGLEY, KY | TEXTBOOKS | $751 |
| LYNDSEE HALL LANGLEY, KY | TEXTBOOKS | $751 |
| MEGAN SMITH STANVILLE, KY | EDUCATION | $250 |
| DOLLY HUNTER PRESTONSBURG, KY | MEDICAL | $500 |
| ASHWIN SHAH PINGREE GROVE, IL | MEDICAL | $500 |
| RACHEL GAYHEART DRIFT, KY | EDUCATION | $500 |
| FLOYD CENTRAL HIGH SCHOOL EASTERN, KY | FOOTBALL UNIFORMS | $8,000 |
| AMI SHAH PINGREE GROVE, IL | MEDICAL | $500 |
| ASHA GOSALIA PALATINE, IL | MEDICAL | $500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CHANDRA VARIA | President | — | — |
| ANAND N DOSHI | Treasurer | — | — |
| SATYA J MEHTA | Secretary | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Varia Family Foundation Inc?
Varia Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MARTIN, KY. It holds $288K in total assets as of 2024.
How large is Varia Family Foundation Inc?
As of 2024, Varia Family Foundation Inc holds $288K in total assets with $64K in annual revenue. It awarded 21 grants totaling $66K in 2024.
Where does Varia Family Foundation Inc operate?
Varia Family Foundation Inc has awarded grants in California, Florida, Illinois, Kentucky, New York, West Virginia.
What size grants does Varia Family Foundation Inc award?
In 2024, Varia Family Foundation Inc awarded 21 grants totaling $66K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is Varia Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Varia Family Foundation Inc reported a distributable amount of $36K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Varia Family Foundation Inc's EIN?
Varia Family Foundation Inc's EIN (Employer Identification Number) is 61-1348860. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Varia Family Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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