Ashvin and Danielas Foundation
Ashvin and Danielas Foundation is a private foundation, based in New York, NY. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $11.6M in total assets. In 2024, it awarded 2 grants totaling $583K. Net investment income was $676K.
Ashvin and Danielas Foundation at a glance
In short: Ashvin and Danielas Foundation gave $583K across 2 grants in 2024 (avg $292K), mostly in California. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $583,000
- Grants made (2024)
- 2
- Average grant
- $291,500
- Median grant
- $291,500
- Total assets
- $11,615,560
- +190.2% vs 2023
- Primary geography
- California (86% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Ashvin and Danielas Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was California Institute of Technology ($500K). Together the top 2 received $583K.
Grant Size Distribution
2 grants across all recorded years
The most common grant size was in the $50–100K range: 1 grant of 2 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
States
Cities
How Ashvin and Danielas Foundation gives
- In 2024 it paid out 260% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2024 it made 2 grants totaling $583K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| California Institute of Technology Pasadena, CA | Operating support Fund | $500,000 |
| Institute for Advanced Study Princeton, NJ | Operating support Fund | $83,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $11,615,560 | $9,457,974 | $615,260 | $583,000 | 2 | $583,000 | $676,079 | $223,994 |
| 2023 | $4,002,278 | $4,002,278 | — | — | — | — | $2,278 | $868 |
Under IRS private-foundation payout rules, Ashvin and Danielas Foundation reported a distributable amount of $224K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Ashvin and Danielas Foundation is led by Ashvin B Chhabra, President on every filing since 2023; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Ashvin B Chhabra
President
On filings since 2023
10 hrs/week
No compensation reported
Daniela Bonafede-Chhabra
Co-President
On filings since 2023
10 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2023–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Ashvin and Danielas Foundation
How much does Ashvin and Danielas Foundation give each year?
Ashvin and Danielas Foundation gave $583K across 2 grants in 2024, according to its 2024 IRS Form 990-PF.
How large is Ashvin and Danielas Foundation?
Ashvin and Danielas Foundation reported $11.6M in total assets on its 2024 IRS Form 990-PF. It paid out $583K in qualifying distributions that year, against a required minimum of $224K (roughly 5% of its investment assets).
Where does Ashvin and Danielas Foundation operate?
Ashvin and Danielas Foundation has awarded grants in California, New Jersey.
What is Ashvin and Danielas Foundation's EIN?
Ashvin and Danielas Foundation's EIN (Employer Identification Number) is 93-4832609. IRS Form 990 filing data is available on this page for 2023–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2023–2024
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