The Bhupat & Jyoti Mehta Family Foundation (MFF) is a private family foundation based in Katy, Texas, established in 1996. One of the largest philanthropic collaborators in higher education in India, the foundation has evolved from supporting a single academic program to creating a national initiative spanning multiple institutions across India and the United States. The foundation's work is driven by the belief that investing in science, technology, and education leads to greater economic prosperity.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$33.0M
+1.1% YoY
Annual Giving
$2.5M
+15.1% YoY
Grant Count
11
+37.5% YoY
Avg Grant Size
$229K
-16.3% YoY
Under IRS private-foundation payout rules, Bhupat & Jyoti Mehta Family Foundation reported a distributable amount of $2.6M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation works to improve access to education as a way to improve the economics of underserved populations. It also supports targeted leading-edge cancer research.
Primary funding focus areas include:
- Higher Education: Establishing and supporting academic schools and programs in cutting-edge domains
- Science and Technology Education: Biomedical Engineering, Data Science and Artificial Intelligence, and Sustainability
- Educational Access: Improving educational opportunities for underserved populations
Grantmaking
The foundation currently supports 8 academic programs across India and the United States, with additional programs in development.
Review Cycle
, MFF works through collaborative relationships to establish new schools and academic programs.
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Geographic Focus
Where this funder awards grants
The foundation funds primarily in:
- India: Multiple Indian Institutes of Technology (IIT) including IIT Madras, IIT Roorkee, and IIT Indore
- United States: Texas and other states
- Additional focus areas include California and Virginia
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year Ending September 2024:
- Total Assets: $33,015,332
- Total Revenue: $3.6 million
- Total Expenses: $3.07 million
- Total Liabilities: $0
- Tax-exempt status: 501(c)(3) since September 1998
- EIN: 76-0522455
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $33,015,332 | $32,652,466 | $31,611,755 |
| Revenue | $3,599,396 | $3,585,208 | $1,924,727 |
| Expenses | $3,068,776 | $2,562,701 | $2,398,545 |
| Qualifying Distributions | $2,932,084 | $2,422,133 | $2,305,999 |
| Net Investment Income | $1,458,630 | $1,879,633 | $1,285,073 |
| Distributable Amount | $2,565,660 | $2,258,200 | $2,293,199 |
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
47 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include University of Houston ($750,000), Schwab Charitable Fund ($500,000), Iit Kanpur Foundation Inc ($450,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICANS FOR OXFORD INC NEW YORK, NY | GENERAL DONATION | $6,550 |
| ASIA SOCIETY TEXAS CENTER HOUSTON, TX | GENERAL DONATION | $5,000 |
| HOMELESS & ORPHANED PETS HOUSTON, TX | GENERAL DONATION | $1,000 |
| IIT KANPUR FOUNDATION INC PALO ALTO, CA | GENERAL DONATION | $59,000 |
| IIT KANPUR FOUNDATION INC PALO ALTO, CA | GENERAL DONATION | $1,600 |
| IIT KANPUR FOUNDATION INC PALO ALTO, CA | GENERAL DONATION | $400,000 |
| IIT KANPUR FOUNDATION INC PALO ALTO, CA | GENERAL DONATION | $450,000 |
| IIT ROOKEE FOUNDATION ASHBURN, VA | GENERAL DONATION | $275,000 |
| SCHWAB CHARITABLE FUND ORLANDO, FL | GENERAL DONATION | $500,000 |
| UNIVERSITY OF HOUSTON HOUSTON, TX | GENERAL DONATION | $750,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Rahul Mehta - Founder and key leader. Following a successful career in the technology industry, Rahul Mehta founded his first software company as a senior at the University of Houston and later sold the firm to Platinum Technology. He went on to found three additional successful software companies, which he sold to HP, Veritas, and Brocade. Mehta has studied strategic philanthropy at the Philanthropy Workshop and personal finance, investment, estate planning, and trust management at Stanford University and the University of Pennsylvania's Wharton School. He has served on the boards of multiple nonprofit organizations including DePelchin Children's Center, Ronald McDonald House, Bo's Place, Krist Samaritan Center, and Methodist Hospital West in Houston, Texas.
Jainesh "Jay" Mehta - Co-founder. Jay Mehta immigrated to the United States in 1981 to attend the University of Houston, where he earned a degree in mechanical engineering. He later received an MBA from Rice University.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RAHUL B MEHTA | DIRECTOR | 1 | — |
| NISHA B MEHTA | DIRECTOR | 1 | — |
| DHARMESH MEHTA | DIRECTOR | 1 | — |
| JAINESH MEHTA | DIRECTOR | 1 | — |
Recent News & Activity
Recent developments and announcements
**Academic Program Expansion:**
The foundation has recently launched or announced new academic schools:
IIT Indore, Mehta Family Foundation partner to launch 2 academic schools**Mehta Family School of Data Science and Artificial Intelligence at IIT Roorkee** (established 2021): Offers B.Tech., M.Tech., and Ph.D. programs in Data Science and AI. The school admits approximately 45 B.Tech. students and 50 M.Tech. students annually, with around 25 Ph.D. scholars currently enrolled. The school has a faculty team of 22 members.
IIT Indore, Mehta Family Foundation partner to launch 2 academic schools**IIT Indore Partnership**: The foundation partnered with IIT Indore to launch two new academic schools in Sustainability and Biomedical Engineering, representing a significant expansion of the foundation's footprint in India.
IIT Indore partners with Mehta Family Foundation**Historical Growth:**
The foundation's work began in 2006 with the establishment of a single School of Biosciences at IIT Madras and has grown into a national initiative creating intellectual talent across multiple cutting-edge domains.
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Bhupat & Jyoti Mehta Family Foundation fund?
The foundation works to improve access to education as a way to improve the economics of underserved populations. It also supports targeted leading-edge cancer research. Primary funding focus areas include: • **Higher Education**: Establishing and supporting academic schools and programs in cutting-edge domains • **Science and Technology Education**: Biomedical Engineering, Data Science and Artificial Intelligence, and Sustainability • **Educational Access**: Improving educational opportunities…
How do I apply for a grant from Bhupat & Jyoti Mehta Family Foundation?
The foundation currently supports 8 academic programs across India and the United States, with additional programs in development. **Grant Characteristics:** • Typical award range: $100–$1,650,000 • Total giving (2024): $2,521,225 • Focus on institutional partnerships and program establishment rather than individual grants **Approach:** The foundation's grantmaking emphasizes creating intellectual talent in transformative domains through partnerships with leading academic institutions. Rather t…
Where does Bhupat & Jyoti Mehta Family Foundation make grants?
The foundation funds primarily in: • **India**: Multiple Indian Institutes of Technology (IIT) including IIT Madras, IIT Roorkee, and IIT Indore • **United States**: Texas and other states • Additional focus areas include California and Virginia
What size grants does Bhupat & Jyoti Mehta Family Foundation award?
In 2024, Bhupat & Jyoti Mehta Family Foundation awarded 11 grants totaling $2.5M — an average of about $229K per grant, based on its IRS Form 990 filings.
How much is Bhupat & Jyoti Mehta Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Bhupat & Jyoti Mehta Family Foundation reported a distributable amount of $2.6M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Bhupat & Jyoti Mehta Family Foundation's EIN?
Bhupat & Jyoti Mehta Family Foundation's EIN (Employer Identification Number) is 76-0522455. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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