SRS Family Foundation Inc
Accepts applications
SRS Family Foundation Inc is a private foundation in New York, New York. In tax year 2024 it gave $1.5 million in 47 grants; the typical grant was $5,000 and the largest $361,459. It accepts applications; its filing gives the instructions below.
From its IRS Form 990-PF for tax year 2024.
- Grants paid, 2024$1.5 million
- Number of grants47
- Typical grant$5,000
- Largest grant$361,459
- Assets$42.3 million
- New grantees62%
Giving in 2024 was up from $1.1 million the year before.
62% of its 2024 grantees had not received a grant from it the year before, a sign it is open to new organizations.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $1.1 million | 38 | $68.0 million |
| 2024 | $1.5 million | 47 | $42.3 million |
How to apply
| Contact | Sheila L Sarma C/O SRS Inv Mgmt One Bryant PK 39, FL, New York, NY 10036 |
|---|---|
| Phone or email | (973) 408-6700, raghavansheila@hotmail.com |
| What to submit | Applications should be submitted by mail or email. Applications should include: 1) an official high school academic transcript 2) test scores on standardized test designed to measure ability and aptitude for college work (e.g., sat, etc.) 3) two recommendations from high school instructors 4) a copy of parents' individual (and applicants', if filed) most recently filed federal income tax return (form 1040) 5) an essay (not to exceed one page) addressing the following questions: a) what do you aspire to be after college? B) how will a college education help you pursue your goals? |
| Deadlines | Applications must be received in email by 12AM may 1st, or postmarked by may 1st if mailed. |
| Restrictions | Available to candidates who: 1) reside in New York city and attend a local high school 2) have a gpa of 3.3 or higher 3) are currently accepted into an accredited four-year undergraduate college 4) are us citizens 5) have a current annual household income of less than $75,000 6) are of south asian descent |
What SRS Family Foundation Inc funds
Where it gives
Its US grants went to recipients in 7 states, the most to New York. It also paid $436,459 in 2 grants to recipients outside the US.
| State | Grants | Amount |
|---|---|---|
| New York | 31 | $555,101 |
| Massachusetts | 6 | $372,500 |
| New Jersey | 1 | $100,000 |
| California | 3 | $27,000 |
| District of Columbia | 1 | $17,680 |
| Illinois | 2 | $7,500 |
| Pennsylvania | 1 | $1,500 |
Grants paid in 2024
| Recipient | Purpose | Amount |
|---|---|---|
| Indian Institute of Technology | General support | $361,459 |
| President and Fellows of Harvard College | General support | $200,000 |
| Acumen Fund Inc | General support | $150,000 |
| Chinmaya Mission New York | General support | $100,000 |
| The Trustees of Princeton University | General support | $100,000 |
| Inst for Fin Management and Research | General support | $75,000 |
| Wellesley College | General support | $60,000 |
| Labhya USA Inc | General support | $50,000 |
| Sakhi for South Asian Women | General support | $50,000 |
| Union Square Partnership | General support | $50,000 |
| The Joan and Sanford I Weill Dept of Med | General support | $50,000 |
| Mental Health Association | General support | $50,000 |
| South Asian Youth Action | General support | $35,000 |
| Glasswing International | General support | $25,000 |
| Foundation for Promotion of Sports and Games | General support | $20,000 |
| Individual | Scholarship | $18,332 |
| Individual | Scholarship | $17,680 |
| The Philanthropy Workshop Inc | General support | $12,000 |
| Friends of Nalamdana | General support | $10,000 |
| Youth Inc | General support | $10,000 |
| Individual | Scholarship | $7,332 |
| Individual | Scholarship | $5,000 |
| Individual | Scholarship | $5,000 |
| Individual | Scholarship | $5,000 |
| Trinity Datta Yoga Center | General support | $5,000 |
| Tides Center | General support | $4,500 |
| Individual | Scholarship | $3,200 |
| Individual | Scholarship | $3,000 |
| Individual | Scholarship | $3,000 |
| Individual | Scholarship | $2,700 |
| Individual | Scholarship | $2,700 |
| Individual | Scholarship | $2,500 |
| Individual | Scholarship | $2,500 |
| Individual | Scholarship | $2,500 |
| Khelshala Inc | General support | $2,500 |
| Individual | Scholarship | $2,200 |
| Individual | Scholarship | $1,887 |
| Individual | Scholarship | $1,850 |
| Individual | Scholarship | $1,750 |
| Individual | Scholarship | $1,700 |
Officers and trustees
- Sheila L Sarma
- Karthik R Sarma
Questions people ask
Does SRS Family Foundation Inc accept grant applications?
Yes. Its latest IRS filing says it accepts applications, with this on deadlines: Applications must be received in email by 12AM may 1st, or postmarked by may 1st if mailed.
How much does SRS Family Foundation Inc give?
$1.5 million in tax year 2024, across 47 grants, with a typical grant of $5,000.
Who runs SRS Family Foundation Inc?
Its 2024 filing lists Sheila L Sarma (President, Secretary) and Karthik R Sarma (Vice President, Treasurer).
What does SRS Family Foundation Inc fund?
Based on its grants, mainly international, education and science and research.