Besite Foundation Inc
Besite Foundation Inc is a private foundation based in Towaco, New Jersey. Its 2024 filing lists 35 grants totaling $50,703 to charitable organizations and other recipients.
Besite Foundation Inc at a glance
In short: Besite Foundation Inc gave $51K across 35 grants in 2024 (avg $1K), mostly in New Jersey. 37% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $50,703
- +100.1% vs 2023
- Grants made (2024)
- 35
- +40.0% vs 2023
- Average grant
- $1,449
- +42.9% vs 2023
- Median grant
- $261
- Total assets
- $112,909
- +78.8% vs 2023
- New grantees (estimate)
- 37% first-time grantees (13 of 35, 2024)
- Primary geography
- New Jersey (72% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Besite Foundation Inc
- How to Apply
-
The filing lists Swati Parekh as the contact. Form and materials, and restrictions on awards, are listed as N/A. The foundation states that it does not restrict giving to preselected organizations.
- Review Cycle
- N/A on the filing.
- Deadline
- N/A on the filing.
- Contact
Application contact: Swati Parekh
Mailing address: 3 Neil Court, Towaco, NJ 07082
Phone: (201) 759-5955
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Besite Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was St Josephs Foundation ($32K). Together the top 10 received $45K.
Grant Size Distribution
126 grants across all recorded years
The most common grant size was under $50K: 126 grants of 126 (100%).
Geographic Focus
Where this funder awards grants
In 2024, 72% of grant dollars went to recipients in New Jersey and 21% to recipients in New York. Massachusetts and California each received 2%, and Pennsylvania received 1%.
Grant Distribution by State
Share of 2024 grant dollars across all 35 itemized grants.
States
Cities
Is Besite Foundation Inc open to new grantees?
37%
first-time grantees, 2024
In 2024, 13 of 35 grantees (37%) were first-time recipients. First grants averaged $319; repeat grants $2K. How we count
Medians: $186 first-time, $281 repeat.
- 43% of 2024 grantees were also funded in 2023. Method
- Giving grew 42% from 2021 to 2024. Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $21K (2022) to $51K (2024). In 2024 it made 35 grants totaling $51K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| St Josephs Foundation Paterson, NJ | Charitable | $31,500 |
| The Glaucoma Foundation New York, NY | Charitable | $8,000 |
| The American Foundation New York, NY | Charitable | $1,225 |
| Indian Medical Society of New Jerse Paramus, NJ | Charitable | $1,000 |
| University of Pennsylvania Philadephia, PA | Charitable | $700 |
| Kent Place School Summit, NJ | Charitable | $650 |
| The Peck School Morristown, NJ | Charitable | $622 |
| Boston University Boston, MA | Charitable | $600 |
| UNICEF USA New York, NY | Charitable | $523 |
| Share Care Fo Rochelle Park, NJ | Charitable | $515 |
Ready to take the next step with Besite Foundation Inc?
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 | $112,909 | $91,598 | $50,853 | $50,703 | 35 | $50,703 | $2,598 | $4,300 |
| 2023 | $63,156 | $24,804 | $25,654 | $25,338 | 25 | $25,338 | $853 | $2,538 |
| 2022 | $56,450 | $26,049 | $21,618 | $21,399 | 21 | $21,399 | — | $2,263 |
| 2021 | $51,494 | $50,000 | $35,849 | $35,714 | 36 | $35,714 | — | $1,484 |
| 2020 | $28,568 | $50,000 | $32,355 | $32,200 | 9 | — | — | $1,031 |
Under IRS private-foundation payout rules, Besite Foundation Inc reported a distributable amount of $4K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its grants show support for a range of charitable recipients. For example, The Glaucoma Foundation says it works to eradicate glaucoma through public awareness and research, while Kent Place School says it empowers girls to become leaders. Habitat for Humanity says it seeks to eliminate poverty housing and make decent shelter a matter of conscience and action.
Grantmaking
In 2024, the foundation made 35 grants totaling $50,703. Grants ranged from $16 to $31,500, with a median of $261. The largest listed grants were $31,500 to ST JOSEPHS FOUNDATION and $8,000 to The Glaucoma Foundation. Other listed grants included $1,225 to The American Foundation, $1,000 to Indian Medical Society of New Jersey, and $700 to the University of Pennsylvania.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Jai Parekh as president, Swati Parekh as vice president, and Bela Parekh as treasurer.
Besite Foundation Inc is led by Jai Parekh, President on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Jai Parekh
President
On filings since 2020
1 hr/week
No compensation reported
Bela Parekh
Treasurer
On filings since 2020
0.3 hrs/week
No compensation reported
Swati Parekh
Vice President
On filings since 2020
0.5 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 Besite Foundation Inc
How much does Besite Foundation Inc give each year?
Besite Foundation Inc gave $51K across 35 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $25K across 25 grants.
What is Besite Foundation Inc's typical grant size?
Besite Foundation Inc's median grant in 2024 was $261, and its average grant was $1,449, across 35 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Besite Foundation Inc that year got $319 on average.
Where does Besite Foundation Inc give grants?
Besite Foundation Inc gives mostly in New Jersey: 72% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was New York (21%). The most frequent recipient cities were New York, NY (6 grants), Morristown, NJ (3 grants), Boston, MA (2 grants) and San Francisco, CA (2 grants).
Does Besite Foundation Inc give general operating support?
Not in 2024: none of the 35 grants with a stated purpose on Besite Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charitable" (35 grants).
Who are Besite Foundation Inc's largest grantees?
Besite Foundation Inc's largest 2024 grantees include St Josephs Foundation ($31,500), The Glaucoma Foundation ($8,000) and The American Foundation ($1,225), according to its 2024 IRS Form 990-PF. Together they received 80% of its itemized 2024 grant dollars.
How large is Besite Foundation Inc?
Besite Foundation Inc reported $113K in total assets on its 2024 IRS Form 990-PF. It paid out $51K in qualifying distributions that year, against a required minimum of $4K (roughly 5% of its investment assets).
What does Besite Foundation Inc fund?
No mission statement for the foundation is provided. Its grants show support for a range of charitable recipients. For example, The Glaucoma Foundation says it works to eradicate glaucoma through public awareness and research, while Kent Place School says it empowers girls to become leaders. See mission & focus areas ↑
How do I apply for a grant from Besite Foundation Inc?
The filing lists Swati Parekh as the contact. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Besite Foundation Inc's EIN?
Besite Foundation Inc's EIN (Employer Identification Number) is 81-4583778. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). Besite Foundation Inc funder profile. GrantGraph. Retrieved October 11, 2026, from https://grantable.co/funders/besite-foundation-inc-morg_92d8aed25c424701be0c43b496c132e1
BibTeX
@misc{grantable_814583778_2026,
author = {{Grantable}},
title = {{Besite Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/besite-foundation-inc-morg_92d8aed25c424701be0c43b496c132e1},
note = {Accessed 2026-10-11. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Besite Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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