Ramaswamy Bansal Family Foundation
- Assets
- $15.6m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Cupertino, CA
- Founding
- Data as of
- 12/2023
- EIN
- 83-2880553
Organization Overview
Ramaswamy Bansal Family Foundation is located in Cupertino, CA. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ramaswamy Bansal Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Ramaswamy Bansal Family Foundation generated $2.2m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $1.5m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Ramaswamy Bansal Family Foundation has awarded 22 individual grants totaling $3,190,296. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sridhar Ramaswamy CEO & CFO | 0 | $0 | |
Seema Bansal Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,158,600 |
| Interest on Savings | $0 |
| Dividends & Interest | $57,767 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $916,395 |
| Capital Gain Net Income | $916,395 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $25,680 |
| Total Revenue | $2,158,442 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $21,422 |
| Taxes | $115 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $338,866 |
| Total operating and administrative expenses | $366,903 |
| Contributions, gifts, grants paid | $1,157,206 |
| Total expenses and disbursements | $1,524,109 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $15,571,429 |
| Total assets | $15,571,461 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Ramaswamy Bansal Family Foundation has awarded $1,157,206 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
SCHF USTE LP K-1 PURPOSE: PER K-1 | $923 |
MORGAN STANLEY DAF PURPOSE: GRANT | $996,283 |
THE AKSHAYA PATRA FOUNDATION PURPOSE: GRANT | $10,000 |
IIT MADRAS FOUNDATION PURPOSE: GRANT | $50,000 |
BROWN UNIVERSITY PURPOSE: PERFORMING ARTS BUILDING & THE BROWN FUND | $100,000 |