SRS Family Foundation

Private foundation · EIN 47-2274823 · since 2015srsfamilyfoundation.org·India, International, New York·Updated 13 October 2026

At a glance

$1.5M
Annual giving, 2024 tax year
From the Form 990-PF filing
$4,500 to $150k
Grant range
From grants in the 990-PF filings
$50,000
Typical grant (median)
21 grants in the latest filing

Key takeaways

  • The foundation's stated focus is disadvantaged youth, with priority given to New York City, work across the globe and a special focus on youth of South Asian origin or living in India, and its programmes cover after-school work, mental health, sport, arts and activism.
  • About 8 in 10 of its grants to organisations fall between $4,500 and $150,000, with a median of $15,000, so a modest request in that range is typical, although its largest grant was $500,000.
  • In its latest filing, 55% of grant dollars to organisations went to groups it had funded in earlier filings, which suggests it often renews grants to organisations it already knows, so a first approach should be measured.
  • The filing does not say how organisations should apply, since its only stated application route is for scholarship applicants, so find out how to make contact before sending a proposal.
  • No exclusions or eligibility conditions are stated, so being a new applicant should not stop an organisation from getting in touch.

Overview

SRS Family Foundation is a US private foundation based in New York, NY.

What they fund

Profile derived from the foundation's IRS Form 990-PF filings (TY2024, TY2023, TY2022) and its website, with every statement checked against those sources. Sources read on 7 October 2026.

Priority Areas

The foundation focuses on programming that benefits disadvantaged youth in New York City and across the globe, with a special focus on uplifting youth of South Asian origin or those living in India. It funds youth well-being programmes, including after-school initiatives, spirituality in education, sports scholarships for those unable to afford them, mental health services, activism and leadership. It also funds research on youth development, including addressing gaps in knowledge, supporting marginalised communities and social-media activism. Its stated fields include scholarship and education, arts, culture and sports, mental health and spirituality, and activism and leadership.

Themes

  • Scholarship & Education
  • Arts, Culture, & Sports
  • Mental Health & Spirituality
  • Activism & Leadership
  • Youth-Focused Research

Geographic Focus

Priority: New York City; across the globe; India.

How to apply

Scholarship applicants submit applications by mail or email, with an official high-school transcript and standardised test scores.

Application success factors

  • Repeat giving: In its TY2024 filing, 55% of its grant dollars to organisations went to organisations it had also funded in its TY2022 or TY2023 filing.
  • Grant size: Across its TY2022, TY2023 and TY2024 filings, half of its 52 grants to organisations were $15,000 or less.

What the foundation says:

  • It takes a systematic and thoughtful approach to making grants and identifying organisations and programmes to support.
  • Its research methods enable it to evaluate key results and implement sustainable programmes.

Where grants go

From grants to organisations in the foundation’s filings for tax years 2022–2024.

Grant dollars by state

New York29%
Massachusetts26%
New Jersey22%
California6%
District of Columbia<1%
Illinois<1%

1 other state: <1%

Outside the US or with no state on the filing: 16%

  • The largest single recipient received 22% of grant dollars to organisations.
  • In tax year 2024, 55% of grant dollars went to organisations SRS Family Foundation had funded in earlier filings.
  • 16% of grant dollars went directly to organisations outside the US (India, United Kingdom).
  • 12% of grant dollars went to intermediaries that regrant to other organisations.

Grants

21 grants in the latest filing analysed · median $50,000

How much do they typically give?

Share of 21 grants in tax year 2024 by size

$2.5k–$5k10%
$5k–$10k5%
$10k–$25k19%
$25k–$50k10%
$50k–$100k33%
$100k–$250k19%
$250k–$500k5%

Median $50,000 (tax year 2024)

The largest grants to organisations in the foundation’s latest filing:

  • Indian Institute of Technology · General support
    $361,4592024 tax year
  • President and Fellows of Harvard College · General support
    $200,0002024 tax year
  • Acumen Fund · General support
    $150,0002024 tax year
  • Chinmaya Mission New York · General support
    $100,0002024 tax year
  • Princeton University · General support
    $100,0002024 tax year
  • Institute for Financial Management and Research · General support
    $75,0002024 tax year
  • Wellesley College · General support
    $60,0002024 tax year
  • Mental Health Association · General support
    $50,0002024 tax year

Grants to organisations listed in the foundation’s Form 990-PF filings. Grants to individuals are not shown.

Officers and directors

  • Karthik R Sarma — Vice President, Treasurer
  • Sheila L Sarma — President, Secretary

From the latest Form 990-PF filing

3 years of tax filings

YearTotal expensesGrants paidAssetsFiling document
2022 tax year$319,348$312,955$11,249,810Filing for 2022 tax year
2023 tax year$1,289,866$1,127,569$67,963,350Filing for 2023 tax year
2024 tax year$1,573,050$1,517,740$42,335,068Filing for 2024 tax year

Figures from the foundation’s IRS Form 990-PF filings. Assets are at fair market value at year end. The document icon links to each year’s filing on ProPublica Nonprofit Explorer.

Sources

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