Besite Foundation Inc is a private foundation focused on Youth Development, based in TOWACO, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $113K in total assets. In 2024, it awarded 35 grants totaling $51K. Net investment income was $3K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$113K
+78.8% YoY
Annual Giving
$51K
+100.1% YoY
Grant Count
35
+40.0% YoY
Avg Grant Size
$1K
+42.9% YoY
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.
About Besite Foundation Inc
Based on IRS filings
Besite Foundation Inc is a private foundation focused on Youth Development, based in TOWACO, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $113K in total assets. In 2024, it awarded 35 grants totaling $51K. Net investment income was $3K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $112,909 | $63,156 | $56,450 |
| Revenue | $91,598 | $24,804 | $26,049 |
| Expenses | $50,853 | $25,654 | $21,618 |
| Qualifying Distributions | $50,703 | $25,338 | $21,399 |
| Net Investment Income | $2,598 | $853 | — |
| Distributable Amount | $4,300 | $2,538 | $2,263 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
126 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include St Josephs Foundation ($31,500), The Glaucoma Foundation ($8,000), The American Foundation ($1,225).
| Recipient | Purpose | Amount |
|---|---|---|
| ACTION AGAINST HUNGER NEW YORK, NY | CHARITABLE | $185 |
| BOSTON UNIVERSITY BOSTON, MA | CHARITABLE | $600 |
| BRING CHANGE 2 MIND SAN FRANCISCO, CA | CHARITABLE | $104 |
| DANA FARBER CANCER INSTITUDE BOSTON, MA | CHARITABLE | $500 |
| DARTHMOUNTH HANOVER, NH | CHARITABLE | $325 |
| DELBARTON SCHOOL MORRISTOWN, NJ | CHARITABLE | $257 |
| DOUBLE GOOD BURR RIDGE, IL | CHARITABLE | $72 |
| GIRLS EDUCATION FUND FAIR LAWN, NJ | CHARITABLE | $104 |
| GOFUNDME REDWOOD CITY, CA | CHARITABLE | $261 |
| HABITAT FOR HUMANITY ATLANTA, GA | CHARITABLE | $104 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JAI PAREKH | PRESIDENT | 1 | — |
| SWATI PAREKH | VICE PRESIDE | 0.5 | — |
| BELA PAREKH | TREASURER | 0.25 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Besite Foundation Inc?
Besite Foundation Inc is a private foundation focused on Youth Development, based in TOWACO, NJ. It holds $113K in total assets as of 2024.
How large is Besite Foundation Inc?
As of 2024, Besite Foundation Inc holds $113K in total assets with $92K in annual revenue. It awarded 35 grants totaling $51K in 2024.
Where does Besite Foundation Inc operate?
Besite Foundation Inc has awarded grants in Arizona, California, Connecticut, District of Columbia, Florida, Georgia, Illinois, Massachusetts, Michigan, North Carolina, New Hampshire, New Jersey, New York, Pennsylvania, South Carolina, Texas, Virginia.
What size grants does Besite Foundation Inc award?
In 2024, Besite Foundation Inc awarded 35 grants totaling $51K — an average of about $1K per grant, based on its IRS Form 990 filings.
How much is Besite Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Besite Foundation Inc reported a distributable amount of $4K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Besite Foundation Inc'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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