Vedant Patel Foundation Inc
Vedant Patel Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
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.
About Vedant Patel Foundation Inc
Based on IRS filings
Vedant Patel Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
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 | $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 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
32 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Baps ($30,001), Akshaya Patra Foundation Usa ($10,000), Covenant House of New Jersey ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AKSHAYA PATRA FOUNDATION USA CANOGA PARK, CA | SCHOOL MEAL PROGRAM | $10,000 |
| BAPS PISCATAWAY, NJ | CONSTRUCTION OF RELIGIOUS CENTER ROBBINSVILLE NJ | $30,001 |
| COVENANT HOUSE OF NEW JERSEY NEWARK, NJ | CARING FOR HOMELESS ADOLESCENTS | $10,000 |
| SANKARA EYE FOUNDATION MILPITAS, CA | GRANT FOR EYE SURGERIES IN INDIA | $10,000 |
| COMMUNITY FOOD BANK OF NEW JERSEY HILLSIDE, NJ | FOOD BANK | $5,000 |
| FOOD BANK OF SOUTHERN TIER ELMIRA, NY | FOOD BANK | $5,000 |
| LOGGERHEAD MARINELIFE CENTER INC JUNO BEACH, FL | CONSERVATION OF OCEAN ECOSYSTEMS | $1,207 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PARESH PATEL | TRUSTEE | 0.5 | — |
| PRASHANT PATEL | TRUSTEE | 0.5 | — |
| MIKHIL PATEL | TRUSTEE | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Vedant Patel Foundation Inc?
Vedant Patel Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SINGER ISLAND, FL. It holds $1.3M in total assets as of 2024.
How large is Vedant Patel Foundation Inc?
As of 2024, Vedant Patel Foundation Inc holds $1.3M in total assets with $282K in annual revenue. It awarded 7 grants totaling $71K in 2024.
Where does Vedant Patel Foundation Inc operate?
Vedant Patel Foundation Inc has awarded grants in California, Florida, Massachusetts, New Jersey, New York.
What size grants does Vedant Patel Foundation Inc award?
In 2024, Vedant Patel Foundation Inc awarded 7 grants totaling $71K — an average of about $10K per grant, based on its IRS Form 990 filings.
How much is Vedant Patel Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Vedant Patel Foundation Inc reported a distributable amount of $84K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Vedant Patel 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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