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Form 990-PFTax year 2022EIN 85-4325575

Visa Vel Foundation

A private foundation in Frisco, TX. Its return for tax year 2022 lists 2 grants and $124,000 paid in grants.

Tax year 2022 (period ending Dec 31, 2022), read from the IRS e-file on Nov 11, 2026. Returns reach the IRS 5 to 18 months after the year they describe.

How to apply

Preselected only

The return checks the box saying the foundation gives only to preselected organizations and does not accept unsolicited requests.

Assets and giving by year

2 returns on file
Grants paid by tax year. The latest year is in blue.
  • Tax year 2022

    $124,000

    Grants listed
    2
    Assets, end of year
    $13,713,144
  • Tax year 2021

    $7,000

    Grants listed
    1
    Assets, end of year
    $2,571,002

Grants paid in 2022

2 grants, largest first

As listed on the return.

  1. Nanban FoundationFrisco, TX

    Gneral support

    $75,000
  2. Development Activities for Rural PeMadurai, India

    General support

    $49,000

Where the money goes

By cause: grants to organizations we matched to the IRS list of exempt organizations, by their category.

  1. Education1 grant $75,000100% of the total

By State

Grants to organizations with a US address, latest year.

  1. Texas1 grant $75,000

Officers, directors and trustees

2 people as filed

As filed on the return, with average hours per week and pay from the foundation.

  • Sakthivel Palani GounderTRUSTEE Hours 4Pay $0
  • Vidhya RasuTRUSTEE Hours 4Pay $0

The return

More foundations

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Same main cause (education), giving between a quarter and four times this foundation’s where possible, nearby first.

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  2. Baxley FoundationFrisco, TX 17 grants Preselected only $177,500 giving
  3. TUW Lewis & Selma Miller - WsuDallas, TX 1 grant Preselected only $123,918 giving
  4. Mayfield Foundation IncHouston, TX 14 grants Preselected only $124,500 giving
  5. The Marshall Family FoundationSan Antonio, TX 5 grants Preselected only $124,616 giving