Vedant Patel Foundation Inc

Private foundation · Grantmaker Singer Island, FL EIN: 26-2834984

Vedant Patel Foundation Inc is a private foundation, based in Singer Island, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.3M in total assets. In 2024, it awarded 7 grants totaling $71K. Net investment income was $281K.

Key facts about Vedant Patel Foundation Inc

In short: Vedant Patel Foundation Inc gave $71K across 7 grants in 2024 (avg $10K), mostly in New Jersey. Source: 2024 IRS Form 990-PF.

EIN
26-2834984
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$71,208
Grants made (2024)
7
Average grant
$10,173
Median grant
$10,000
Total assets
$1,280,828
Primary geography
New Jersey (63% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.3M

-17.9% YoY

Annual Giving

$71K

+3.1% YoY

Grant Count

7

+0.0% YoY

Avg Grant Size

$10K

+3.1% YoY

Under IRS private-foundation payout rules, Vedant Patel Foundation Inc reported a distributable amount of $84K for 2024 — the minimum it must pay out in qualifying distributions.

How Vedant Patel Foundation Inc gives

  • Giving held roughly steady from 2021 to 2024 (−2%). Method
  • In 2024 it paid out 87% 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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

5states

Share of 2024 grant dollars across all 7 itemized grants.

Cities

NewarkPiscatawayElmiraHillsideJuno BeachMilpitasCanoga ParkStonehamBoynton BeachIrvineLake WorthSan Jose

Giving Over Time

Total grant dollars and number of grants per year

$0$25K$50K$75K$100K6 grants2020 6 grants2021 6 grants2022 7 grants2023 7 grants2024

From 2020 to 2024, annual grant giving ranged from $60K (2020) to $94K (2022). In 2024 it made 7 grants totaling $71K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 7 recipients in 2024

Baps: $30KBaps$30KAkshaya Patra Foundation USA: $10KAkshaya Patra Foundation USA$10KCovenant House of New Jersey: $10KCovenant House of New Jersey$10KSankara Eye Foundation: $10KSankara Eye Foundation$10KCommunity Food Bank of New Jersey: $5KCommunity Food Bank of NewJersey$5KFood Bank of Southern Tier: $5KFood Bank of Southern Tier$5KLoggerhead Marinelife Center Inc: $1KLoggerhead Marinelife CenterInc$1K

The largest 2024 recipient was Baps ($30K). Together the top 7 received $71K.

Grant Size Distribution

32 grants across all recorded years

32<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 32 grants of 32 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Baps Piscataway, NJConstruction of Religious Center Robbinsville NJ$30,001
Akshaya Patra Foundation USA Canoga Park, CASchool Meal Program$10,000
Covenant House of New Jersey Newark, NJCaring for Homeless Adolescents$10,000
Sankara Eye Foundation Milpitas, CAGrant for Eye Surgeries in India$10,000
Community Food Bank of New Jersey Hillside, NJFood Bank$5,000
Food Bank of Southern Tier Elmira, NYFood Bank$5,000
Loggerhead Marinelife Center Inc Juno Beach, FLConservation of Ocean Ecosystems$1,207

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$100K$200K$300K$400K2020 2021 2022 2023 2024
Metric202420232022
Total Assets$1,280,828$1,559,225$1,336,771
Revenue$282,428$36,073$89,860
Expenses$85,232$153,980$100,518
Qualifying Distributions$72,357$69,063$95,533
Net Investment Income$281,278$24,663$75,436
Distributable Amount$83,541$72,341$81,079

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Vedant Patel Foundation Inc's 2024 filing lists 3 officers; none of the 3 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Mikhil Patel

    Trustee

    On filings since 2020

    0.5 hrs/week

    No compensation reported

  • Paresh Patel

    Trustee

    On filings since 2020

    0.5 hrs/week

    No compensation reported

  • Prashant Patel

    Trustee

    On filings since 2020

    0.5 hrs/week

    No compensation reported

Data from IRS Form 990 filings, 2020–2024. "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 Vedant Patel Foundation Inc

How much does Vedant Patel Foundation Inc give each year?

Vedant Patel Foundation Inc gave $71K across 7 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $69K across 7 grants.

What is Vedant Patel Foundation Inc's typical grant size?

Vedant Patel Foundation Inc's median grant in 2024 was $10,000, and its average grant was $10,173, across 7 grants on its 2024 IRS Form 990-PF.

Where does Vedant Patel Foundation Inc give grants?

Vedant Patel Foundation Inc gives mostly in New Jersey: 63% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were California (28%) and New York (7%).

Does Vedant Patel Foundation Inc give general operating support?

Not in 2024: none of the 7 grants with a stated purpose on Vedant Patel Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support.

Who are Vedant Patel Foundation Inc's largest grantees?

Vedant Patel Foundation Inc's largest 2024 grantees include Baps ($30,001), Akshaya Patra Foundation USA ($10,000) and Covenant House of New Jersey ($10,000), according to its 2024 IRS Form 990-PF. Together they received 70% of its itemized 2024 grant dollars.

How large is Vedant Patel Foundation Inc?

Vedant Patel Foundation Inc reported $1.3M in total assets on its 2024 IRS Form 990-PF. It paid out $72K in qualifying distributions that year, against a required minimum of $84K (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.

What is Vedant Patel Foundation Inc's EIN?

Vedant Patel Foundation Inc's EIN (Employer Identification Number) is 26-2834984. IRS Form 990 filing data is available on this page for 2020–2024.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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