Trivedi Family Foundation
- Assets
- $27.5m
- Revenue
- $3.5m
- Investments
- $25.8m
- Employees
- 0
- Location
- Bridgeville, PA
- Founding
- 05/2015
- Data as of
- 12/2022
- EIN
- 47-3402778
Organization Overview
Trivedi Family Foundation is located in Bridgeville, PA. 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. Trivedi 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 12/2022, Trivedi Family Foundation generated $3.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (17.8%) each year. All expenses for the organization totaled $4.5m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Trivedi Family Foundation has awarded 18 individual grants totaling $7,723,049. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashok K Trivedi President/treasurer | 1 | $0 | |
Anjana Trivedi Chairperson | 1 | $0 | |
Sheena Trivedi Patni Vice President | 1 | $0 | |
Shivani Trivedi Vice President/asst. Treasurer | 1 | $0 | |
Shelly Trivedi Vice President | 1 | $0 | |
Joseph Lloyd Secretary | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Swat Capital Administrator Llc | 12/30/22 | $65,973 |
Trivedi Family Office Llc | 12/30/22 | $65,973 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $500,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $612,420 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,379,649 |
| Capital Gain Net Income | $2,379,649 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$1,240 |
| Total Revenue | $3,490,829 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $11,241 |
| Taxes | $62,623 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $194 |
| Total operating and administrative expenses | $314,816 |
| Contributions, gifts, grants paid | $4,199,089 |
| Total expenses and disbursements | $4,513,905 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,849 |
| Savings and temporary cash investments | $1,602,334 |
| 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 | $4,579,923 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $27,887 |
| Total assets | $27,543,765 |
| 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, Trivedi Family Foundation has awarded $4,199,089 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
ART CREATES US INC PURPOSE: YEAR 6 OPERATIONAL BUDGET | $25,000 |
INTERNATIONAL FOUNDATION FOR RESEARCH & EDUCATION PURPOSE: ASHOKA UNIVERSITY TRIVEDI SCHOOL OF BIOSCIENCESCAPITAL AND OPERATING EXPENDITURES | $3,884,089 |
JOE DIMAGGIO CHILDRENS HOSPITAL PURPOSE: PSYCHIATRIC TREATMENT ENRICHMENT PROGRAM PHASE I: SUICIDE PREVENTION AND TREATMENT YEAR 3 | $70,000 |
JOE DIMAGGIO CHILDRENS HOSPITAL PURPOSE: PSYCHIATRIC TREATMENT ENRICHMENT PROGRAM PHASE I: SUICIDE PREVENTION AND TREATMENT YEAR 2 | $70,000 |
STEM CODING LAB PURPOSE: YEAR 4 OPERATIONAL BUDGET | $100,000 |
PROJECT WHY PURPOSE: CARRYOUT CHARITABLE EDUCATION ACTIVITIES | $50,000 |