Bansal Family Corporation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BIRMINGHAM, AL. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $2.0M in total assets. In 2024, it awarded 4 grants totaling $75K. Net investment income was $102K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.0M
+1.1% YoY
Annual Giving
$75K
Grant Count
4
Avg Grant Size
$19K
Under IRS private-foundation payout rules, Bansal Family Corporation reported a distributable amount of $99K for 2024 — the minimum it must pay out in qualifying distributions.
About Bansal Family Corporation
Based on IRS filings
Bansal Family Corporation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BIRMINGHAM, AL. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $2.0M in total assets. In 2024, it awarded 4 grants totaling $75K. Net investment income was $102K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 |
|---|---|---|
| Total Assets | $2,021,328 | $2,000,041 |
| Revenue | $102,072 | $2,000,041 |
| Expenses | $80,785 | — |
| Qualifying Distributions | $75,000 | — |
| Net Investment Income | $102,072 | $41 |
| Distributable Amount | $98,793 | $585 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
4 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Lausanne Collegiate School ($50,000), The Hindu Temple of Birmingham ($10,000), Ainak ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| LAUSANNE COLLEGIATE SCHOOL MEMPHIS, TN | GENERAL USE | $50,000 |
| THE HINDU TEMPLE OF BIRMINGHAM PELHAM, AL | GENERAL USE | $10,000 |
| PRAGATI FOUNDATION USA ATHENS, OH | NONE | $5,000 |
| AINAK CUPERTINO, CA | GENERAL USE | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| NAMITA BANSAL | DIRECTOR | 3 | — |
| POORAN CHAND | V P | 3 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Bansal Family Corporation?
Bansal Family Corporation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BIRMINGHAM, AL. It holds $2.0M in total assets as of 2024.
How large is Bansal Family Corporation?
As of 2024, Bansal Family Corporation holds $2.0M in total assets with $102K in annual revenue. It awarded 4 grants totaling $75K in 2024.
Where does Bansal Family Corporation operate?
Bansal Family Corporation has awarded grants in Alabama, California, Ohio, Tennessee.
What size grants does Bansal Family Corporation award?
In 2024, Bansal Family Corporation awarded 4 grants totaling $75K — an average of about $19K per grant, based on its IRS Form 990 filings.
How much is Bansal Family Corporation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Bansal Family Corporation reported a distributable amount of $99K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Bansal Family Corporation's EIN?
Bansal Family Corporation's EIN (Employer Identification Number) is 93-4733643. IRS Form 990 filing data is available on this page for 2023–2024.
Explore Open Grants
Browse active grant opportunities in Bansal Family Corporation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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