Bhandara Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HOUSTON, TX. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $523K in total assets. In 2024, it awarded 12 grants totaling $74K. Net investment income was $45K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$523K
+97.0% YoY
Annual Giving
$74K
+134.4% YoY
Grant Count
12
+71.4% YoY
Avg Grant Size
$6K
+36.7% YoY
Under IRS private-foundation payout rules, Bhandara Foundation reported a distributable amount of $20K for 2024 — the minimum it must pay out in qualifying distributions.
About Bhandara Foundation
Based on IRS filings
Bhandara Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HOUSTON, TX. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $523K in total assets. In 2024, it awarded 12 grants totaling $74K. Net investment income was $45K.
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 | 2022 |
|---|---|---|---|
| Total Assets | $522,656 | $265,347 | $258,090 |
| Revenue | $327,747 | $46,768 | $155,548 |
| Expenses | $79,701 | $39,511 | $67,188 |
| Qualifying Distributions | $74,363 | $31,723 | $62,232 |
| Net Investment Income | $45,173 | $1,226 | — |
| Distributable Amount | $20,111 | $7,109 | $5,284 |
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
34 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Zoroastrian Assoc of Houston ($36,699), Nufdi Fund ($17,008), Atash Kadeh Temple ($11,797).
| Recipient | Purpose | Amount |
|---|---|---|
| ATASH KADEH TEMPLE Houston, TX | CARRY OUT EXEMPT PURPOSES | $11,797 |
| Islamic Society of Greater Houston Houston, TX | CARRY OUT EXEMPT PURPOSES | $2,500 |
| ZOROASTRIAN ASSOC OF HOUSTON HOUSTON, TX | CARRY OUT EXEMPT PURPOSES | $36,699 |
| Star of Hope Houston, TX | CARRY OUT EXEMPT PURPOSES | $1,008 |
| Hearthstone Heatwaves Spring, TX | CARRY OUT EXEMPT PURPOSES | $250 |
| Touch Base Center for DeafBlind Houston, TX | CARRY OUT EXEMPT PURPOSES | $2,500 |
| Alief Youth Sports League Houston, TX | CARRY OUT EXEMPT PURPOSES | $500 |
| Etoile Academy Charter School Houston, TX | CARRY OUT EXEMPT PURPOSES | $1,000 |
| Westbury High School Foundation Houston, TX | CARRY OUT EXEMPT PURPOSES | $500 |
| Nufdi Fund Washington, DC | CARRY OUT EXEMPT PURPOSES | $17,008 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| FEROZE BHANDARA | TRUSTEE | 20 | — |
| SHERNAZ BHANDARA | TRUSTEE | 25 | — |
| Berzin Bhandara | Secr / Treas | 6 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Bhandara Foundation?
Bhandara Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HOUSTON, TX. It holds $523K in total assets as of 2024.
How large is Bhandara Foundation?
As of 2024, Bhandara Foundation holds $523K in total assets with $328K in annual revenue. It awarded 12 grants totaling $74K in 2024.
Where does Bhandara Foundation operate?
Bhandara Foundation has awarded grants in California, District of Columbia, Illinois, Maryland, Texas.
What size grants does Bhandara Foundation award?
In 2024, Bhandara Foundation awarded 12 grants totaling $74K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is Bhandara Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Bhandara Foundation reported a distributable amount of $20K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Bhandara Foundation's EIN?
Bhandara Foundation's EIN (Employer Identification Number) is 76-0522768. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in Bhandara Foundation'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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