Vivek Garipalli Family Foundation Inc
Vivek Garipalli Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in COLTS NECK, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.3M in total assets. In 2024, it awarded 4 grants totaling $26K. Net investment income was $80K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.3M
+3.8% YoY
Annual Giving
$26K
+127.7% YoY
Grant Count
4
+300.0% YoY
Avg Grant Size
$7K
-43.1% YoY
Under IRS private-foundation payout rules, Vivek Garipalli Family Foundation Inc reported a distributable amount of $63K for 2024 — the minimum it must pay out in qualifying distributions.
About Vivek Garipalli Family Foundation Inc
Based on IRS filings
Vivek Garipalli Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in COLTS NECK, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.3M in total assets. In 2024, it awarded 4 grants totaling $26K. Net investment income was $80K.
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 | $1,307,322 | $1,259,210 | $1,238,724 |
| Revenue | $80,529 | $34,137 | $5,677 |
| Expenses | $27,880 | $13,651 | $210,257 |
| Qualifying Distributions | $26,709 | $12,371 | $210,000 |
| Net Investment Income | $79,819 | $33,186 | $5,677 |
| Distributable Amount | $63,259 | $61,641 | $62,381 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
18 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Ohoopee Match Club Foundation ($10,000), India Youth Fund ($10,000), Orange Wood Foundation ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| DURGA MANDIR NEW JERSEY, NJ | GENERAL SUPPORT | $1,000 |
| ORANGE WOOD FOUNDATION SANTA ANA, CA | GENERAL PURPOSES | $5,000 |
| OHOOPEE MATCH CLUB FOUNDATION COBBTOWN, GA | GENERAL PURPOSES | $10,000 |
| INDIA YOUTH FUND FRANKLIN SQUARE, NY | GENERAL PURPOSES | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| VIVEK GARIPALLI | PRESIDENT/DIRECTOR | 1 | — |
| LAXMIPATHI GARIPALLI | TREASURER/DIRECTOR | 1 | — |
| LAKSHMI GARIPALLI | SECRETARY/DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Vivek Garipalli Family Foundation Inc?
Vivek Garipalli Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in COLTS NECK, NJ. It holds $1.3M in total assets as of 2024.
How large is Vivek Garipalli Family Foundation Inc?
As of 2024, Vivek Garipalli Family Foundation Inc holds $1.3M in total assets with $81K in annual revenue. It awarded 4 grants totaling $26K in 2024.
Where does Vivek Garipalli Family Foundation Inc operate?
Vivek Garipalli Family Foundation Inc has awarded grants in California, Georgia, North Carolina, New Jersey, New York, Oklahoma, South Carolina.
What size grants does Vivek Garipalli Family Foundation Inc award?
In 2024, Vivek Garipalli Family Foundation Inc awarded 4 grants totaling $26K — an average of about $7K per grant, based on its IRS Form 990 filings.
How much is Vivek Garipalli Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Vivek Garipalli Family Foundation Inc reported a distributable amount of $63K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Vivek Garipalli Family Foundation Inc's EIN?
Vivek Garipalli Family Foundation Inc's EIN (Employer Identification Number) is 61-1578304. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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