Nayar Family Foundation
- Assets
- $16.2m
- Revenue
- $453.6k
- Investments
- $15.6m
- Employees
- 0
- Location
- Lombard, IL
- Founding
- 01/2015
- Data as of
- 12/2023
- EIN
- 46-1528247
Organization Overview
Nayar Family Foundation is located in Lombard, IL. The organization was established in 2015. 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. Nayar 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, Nayar Family Foundation generated $453.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (14.3%) each year. All expenses for the organization totaled $659.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Nayar Family Foundation has awarded 130 individual grants totaling $5,499,473. 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 |
|---|---|---|---|
Teresa Nayar Director | 0 | $0 | |
Narayan Madhavan Nayar Director | 0 | $0 | |
Ramon Madhavan Nayar Director | 0 | $0 | |
Dahlia Maria Nayar-Butler Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $414,615 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $38,987 |
| Capital Gain Net Income | $38,987 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $453,602 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $74,210 |
| Contributions, gifts, grants paid | $584,996 |
| Total expenses and disbursements | $659,206 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,035 |
| Savings and temporary cash investments | $594,659 |
| 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 | $0 |
| Total assets | $16,248,810 |
| 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, Nayar Family Foundation has awarded $584,996 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
THE MORTON ARBORETUM PURPOSE: GENERAL MAINTENANCE | $50,000 |
THE CONSERVATION FOUNDATION PURPOSE: NATURE RX INITIATIVE | $20,000 |
DOCTORS WITHOUT BORDERS PURPOSE: GENERAL SUPPORT | $23,540 |
EQUAL JUSTICE INITIATIVE PURPOSE: GENERAL SUPPORT | $23,540 |
THE CLEAR FUND DBA GIVEWELL PURPOSE: ALL GRANTS FUND | $23,540 |
NORTHWESTERN MEMORIAL FOUNDATION PURPOSE: LIVING WELL SURVIVORSHIP AND EXERCISE FOCUSED PROGRAM | $30,000 |