Hiralal Agarwal Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BETHESDA, MD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $842K in total assets. In 2024, it awarded 3 grants totaling $63K. Net investment income was $163K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$842K
+13.3% YoY
Annual Giving
$63K
+13.3% YoY
Grant Count
3
+50.0% YoY
Avg Grant Size
$21K
-24.4% YoY
Under IRS private-foundation payout rules, Hiralal Agarwal Foundation Inc reported a distributable amount of $90K for 2024 — the minimum it must pay out in qualifying distributions.
About Hiralal Agarwal Foundation Inc
Based on IRS filings
Hiralal Agarwal Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BETHESDA, MD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $842K in total assets. In 2024, it awarded 3 grants totaling $63K. Net investment income was $163K.
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 | $841,872 | $743,197 | $810,676 |
| Revenue | $164,014 | $-9,528 | $205,125 |
| Expenses | $65,339 | $57,951 | $92,808 |
| Qualifying Distributions | $63,471 | $56,000 | $85,000 |
| Net Investment Income | $163,080 | $11,405 | $201,221 |
| Distributable Amount | $89,992 | $62,691 | $67,537 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
13 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Pratham ($53,471), Fidelity Charitable Donor Advised Gift Fund ($7,000), People's Action for National Integration ($3,000).
| Recipient | Purpose | Amount |
|---|---|---|
| FIDELITY CHARITABLE DONOR ADVISED GIFT FUND CINCINNATI, OH | CHARITABLE CONTRIBUTION FOR QUALIFIED IRC SEC 501(C)(3) ORGANIZATIONS | $7,000 |
| PEOPLE'S ACTION FOR NATIONAL INTEGRATION | CHARITABLE CONTRIBUTION TO A FOREIGN EXEMPT ORGANIZATION | $3,000 |
| PRATHAM HOUSTON, TX | CHARITABLE CONTRIBUTION FOR QUALIFIED IRC SEC 501(C)(3) ORAGANIZATIONS | $53,471 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BHASKER AGARWAL | PRESIDENT/ DIRECTOR | 6 | — |
| SARLA BHASKAR | TREASURER/ SECRETARY/ DIRECTOR | 4 | — |
| RAJAN BHASKAR | DIRECTOR | 1 | — |
| ANURAG BHASKAR | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Hiralal Agarwal Foundation Inc?
Hiralal Agarwal Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BETHESDA, MD. It holds $842K in total assets as of 2024.
How large is Hiralal Agarwal Foundation Inc?
As of 2024, Hiralal Agarwal Foundation Inc holds $842K in total assets with $164K in annual revenue. It awarded 3 grants totaling $63K in 2024.
Where does Hiralal Agarwal Foundation Inc operate?
Hiralal Agarwal Foundation Inc has awarded grants in Maryland, Ohio, Texas.
What size grants does Hiralal Agarwal Foundation Inc award?
In 2024, Hiralal Agarwal Foundation Inc awarded 3 grants totaling $63K — an average of about $21K per grant, based on its IRS Form 990 filings.
How much is Hiralal Agarwal Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Hiralal Agarwal Foundation Inc reported a distributable amount of $90K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Hiralal Agarwal Foundation Inc's EIN?
Hiralal Agarwal Foundation Inc's EIN (Employer Identification Number) is 26-1517000. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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