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  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2017-02-17T08:47:01-08:00</ReturnTs>
    <TaxPeriodEndDt>2016-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmName>
        <BusinessNameLine1Txt>Chugh CPAs LLP</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>15925 Carmenita Rd</AddressLine1Txt>
        <CityNm>Cerritos</CityNm>
        <StateAbbreviationCd>CA</StateAbbreviationCd>
        <ZIPCd>907032206</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2016-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>461429291</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>VARUN AND AMEETA GOSAIN FOUNDATION</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>VARU</BusinessNameControlTxt>
      <PhoneNum>9147255475</PhoneNum>
      <USAddress>
        <AddressLine1Txt>161 Mamaroneck Rd</AddressLine1Txt>
        <CityNm>Scarsdale</CityNm>
        <StateAbbreviationCd>NY</StateAbbreviationCd>
        <ZIPCd>10583</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>VARUN GOSAIN</PersonNm>
      <PersonTitleTxt>President</PersonTitleTxt>
      <SignatureDt>2017-02-17</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <PreparerPersonGrp>
      <PreparerPersonNm>Baljeet Singh</PreparerPersonNm>
      <PTIN>P01253724</PTIN>
      <PhoneNum>5622291220</PhoneNum>
    </PreparerPersonGrp>
    <TaxYr>2016</TaxYr>
    <BuildTS>2021-01-29 14:40:06Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="2">
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      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>3588841</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ScheduleBNotRequiredInd>X</ScheduleBNotRequiredInd>
        <DividendsRevAndExpnssAmt>380737</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>380737</DividendsNetInvstIncmAmt>
        <DividendsAdjNetIncmAmt>380737</DividendsAdjNetIncmAmt>
        <TotalRevAndExpnssAmt>380737</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>380737</TotalNetInvstIncmAmt>
        <TotalAdjNetIncmAmt>380737</TotalAdjNetIncmAmt>
        <OtherProfFeesRevAndExpnssAmt referenceDocumentId="OtherProfessionalFeesSchedule">1504</OtherProfFeesRevAndExpnssAmt>
        <TotOprExpensesRevAndExpnssAmt>1504</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>0</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>0</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>179033</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>179033</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>180537</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>0</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>179033</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>200200</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>380737</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>380737</AdjustedNetIncomeAmt>
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        <CashEOYFMVAmt>68100</CashEOYFMVAmt>
        <OtherInvestmentsBOYAmt>2528471</OtherInvestmentsBOYAmt>
        <OtherInvestmentsEOYAmt>2528471</OtherInvestmentsEOYAmt>
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        <TotalAssetsBOYAmt>2528471</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>2596571</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>3588841</TotalAssetsEOYFMVAmt>
        <LoansFromOfficersBOYAmt>132100</LoansFromOfficersBOYAmt>
        <TotalLiabilitiesBOYAmt>132100</TotalLiabilitiesBOYAmt>
        <TotalLiabilitiesEOYAmt>0</TotalLiabilitiesEOYAmt>
        <OrganizationFollowsSFAS117Ind>X</OrganizationFollowsSFAS117Ind>
        <UnrestrictedBOYAmt>2396371</UnrestrictedBOYAmt>
        <UnrestrictedEOYAmt>2596571</UnrestrictedEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>2396371</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>2596571</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>2528471</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>2596571</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>2396371</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>200200</ExcessRevenueOverExpensesAmt>
        <SubtotalAmt>2596571</SubtotalAmt>
        <TotNetAstOrFundBalancesEOYAmt>2596571</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>7615</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>7615</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>7615</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>3037</EstimatedPlusOvpmtIncmTxAmt>
        <TotalPaymentsAndCreditsAmt>3037</TotalPaymentsAndCreditsAmt>
        <TaxDueAmt>4578</TaxDueAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>false</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>false</MoreThan100SpentInd>
        <Form1120POLFiledInd>false</Form1120POLFiledInd>
        <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>false</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>false</UnrelatedBusIncmOverLimitInd>
        <Form990TFiledInd>false</Form990TFiledInd>
        <OrganizationDissolvedEtcInd>false</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>true</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>true</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>DE</OrgReportOrRegisterStateCd>
        <OrgReportOrRegisterStateCd>NY</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>true</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>false</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
        <PersonsWithBooksName>
          <BusinessNameLine1Txt>Varun Gosain</BusinessNameLine1Txt>
        </PersonsWithBooksName>
        <PhoneNum>9147255475</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>161 Mamaroneck Rd</AddressLine1Txt>
          <CityNm>Scarsdale</CityNm>
          <StateAbbreviationCd>NY</StateAbbreviationCd>
          <ZIPCd>10583</ZIPCd>
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        <ForeignAccountsQuestionInd>false</ForeignAccountsQuestionInd>
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        <SaleOrExchDisqualifiedPrsnInd>false</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>false</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>false</FurnGoodsDisqualifiedPrsnInd>
        <PayCompDisqualifiedPrsnInd>false</PayCompDisqualifiedPrsnInd>
        <TransferAstDisqualifiedPrsnInd>false</TransferAstDisqualifiedPrsnInd>
        <PaymentToGovernmentOfficialInd>false</PaymentToGovernmentOfficialInd>
        <ActsFailToQlfyAsExceptionsInd>false</ActsFailToQlfyAsExceptionsInd>
        <UncorrectedPriorActsInd>false</UncorrectedPriorActsInd>
        <UndistributedIncomePYInd>false</UndistributedIncomePYInd>
        <UndistrIncmSect4942a2NotAppInd>false</UndistrIncmSect4942a2NotAppInd>
        <BusinessHoldingsInd>false</BusinessHoldingsInd>
        <ExcessBusinessHoldingsInd>false</ExcessBusinessHoldingsInd>
        <JeopardyInvestmentsInd>false</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>false</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>false</InfluenceLegislationInd>
        <InfluenceElectionInd>false</InfluenceElectionInd>
        <GrantsToIndividualsInd>false</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>false</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>false</NoncharitablePurposeInd>
        <TransactionsFailToQlfyAsExcInd>false</TransactionsFailToQlfyAsExcInd>
        <MaintainedExpenditureRspnsInd>false</MaintainedExpenditureRspnsInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>false</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>false</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>false</ProhibitedTaxShelterTransInd>
        <ProceedsOrNetIncomeInd>false</ProceedsOrNetIncomeInd>
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        <OfficerDirTrstKeyEmplGrp>
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          <USAddress>
            <AddressLine1Txt>161 MAMARONECK RD</AddressLine1Txt>
            <CityNm>SCARSDALE</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10583</ZIPCd>
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          <TitleTxt>President</TitleTxt>
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          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>AMEETA GOSAIN</PersonNm>
          <USAddress>
            <AddressLine1Txt>161 MAMARONECK RD</AddressLine1Txt>
            <CityNm>SCARSDALE</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10583</ZIPCd>
          </USAddress>
          <TitleTxt>Secretary</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.50</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>4055561</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>131719</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>4187280</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>4187280</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>62809</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>4124471</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>206224</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>206224</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>7615</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>7615</TotalTaxAmt>
        <DistributableBeforeAdjAmt>198609</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>198609</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>198609</DistributableAsAdjustedAmt>
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      <QualifyingDistriPartXIIGrp>
        <ExpensesAndContributionsAmt>179033</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>179033</QualifyingDistributionsAmt>
        <AdjustedQualifyingDistriAmt>179033</AdjustedQualifyingDistriAmt>
      </QualifyingDistriPartXIIGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>198609</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>176533</UndistributedIncomePYAmt>
        <QualifyingDistributionsAmt>179033</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>176533</AppliedToYear1Amt>
        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
        <AppliedToCurrentYearAmt>2500</AppliedToCurrentYearAmt>
        <UndistributedIncomeCYAmt>196109</UndistributedIncomeCYAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ContributingManagerNm>VARUN GOSAIN</ContributingManagerNm>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>NEW YORK UNIVERSITY</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>25 WEST FOURTH STREET 4TH FLOOR</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10012</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Scholarships for NYU Stern students</GrantOrContributionPurposeTxt>
          <Amt>15000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>COLUMBIA UNIVERSITY</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>622 WEST 113TH STREET MAIL CODE4524</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10025</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Support of the Columbia Common Core and Science Honors Program</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>SCHWAB CHARITABLE FUND</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>211 MAIN STREET FLOOR 10</AddressLine1Txt>
            <CityNm>SAN FRANCISCO</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>94105</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Support worthwhile organizations through the fund</GrantOrContributionPurposeTxt>
          <Amt>136533</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>UNIVERSITY OF PENNSYLVANIA</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>UNIVERSITY OF PENNSYLVANIA</AddressLine1Txt>
            <CityNm>PHILADELPHIA</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>19104</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>To support the Center for the Advance Study of India and other activities</GrantOrContributionPurposeTxt>
          <Amt>3000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>EDEN II GENESIS</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>15 Beach Street</AddressLine1Txt>
            <CityNm>Staten Island</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10304</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Support the organizations programs</GrantOrContributionPurposeTxt>
          <Amt>2500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>COVENANT HOUSE</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>702 N ERIE ST</AddressLine1Txt>
            <CityNm>TOLEDO</CityNm>
            <StateAbbreviationCd>OH</StateAbbreviationCd>
            <ZIPCd>43604</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Support the organizations programs.</GrantOrContributionPurposeTxt>
          <Amt>2000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
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          <RecipientForeignAddress>
            <AddressLine1Txt>86 /87 ATLANTA NARIMAN POINT</AddressLine1Txt>
            <CityNm>MUMBAI</CityNm>
            <CountryCd>IN</CountryCd>
            <ForeignPostalCd>400021</ForeignPostalCd>
          </RecipientForeignAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>NC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Direct scholarship award to an individual towards tuition for LLM at Yale</GrantOrContributionPurposeTxt>
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        </GrantOrContributionPdDurYrGrp>
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        <TotalIncomeProducingActyAmt>380737</TotalIncomeProducingActyAmt>
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        <TrnsfrOtherAssetNonchrtblEOInd>false</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>false</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>false</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>false</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>false</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>false</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>false</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>false</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>false</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
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      <OtherProfessionalFeesDetail>
        <CategoryTxt>Professional Fees</CategoryTxt>
        <Amt>1504</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
  </ReturnData>
</Return>