Mahan Hope Foundation

Foundation · Grantmaker Burke, VA EIN: 88-2607297

Mahan Hope Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Burke, VA. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $477K in total assets. In 2024, it awarded 2 grants totaling $37K. Net investment income was $19K.

Key facts about Mahan Hope Foundation

EIN: 88-2607297
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $37,000
Grants made (2024): 2
Average grant: $18,500
Median grant: $18,500
Total assets: $477,248
Primary geography: Virginia (97% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

How Mahan Hope Foundation gives

In 2024 it paid out 155% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$477K

-4.2% YoY

Annual Giving

$37K

+722.2% YoY

Grant Count

+100.0% YoY

Avg Grant Size

$19K

+311.1% YoY

Under IRS private-foundation payout rules, Mahan Hope Foundation reported a distributable amount of $24K for 2024 — the minimum it must pay out in qualifying distributions.

About Mahan Hope Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Virginia $36K (97%)

Maryland $1K (3%)

Share of all 2 itemized 2024 grant dollars.

States

Maryland Virginia

Cities

AnnapolisFalls Church

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$477,248	$498,178	$500,000
Revenue	$18,616	$2,855	$500,000
Expenses	$39,546	$4,677	—
Qualifying Distributions	$37,000	$4,500	—
Net Investment Income	$18,616	$2,855	—
Distributable Amount	$23,947	$24,036	$1,026

Data update history

When this profile's IRS filing data changed on Grantable

March 3, 2026 IRS filings on file for fiscal years 2022–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Grant Size Distribution

3 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Educate Fairfax ($36,000), Lift as We Climb ($1,000).

Recipient	Purpose	Amount
EDUCATE FAIRFAX Falls Church, VA	FOR EDUCATION OF UNDERPRIVILIDGED STUDENTS IN FAIRFAX COUNTY PUBLIC SCHOOLS.	$36,000
LIFT AS WE CLIMB Annapolis, MD	FOR EDUCATION OF CHILDREN OF FALLEN SOLDIERS AND FIRST RESPONDERS.	$1,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS filing

Name	Title	Hours	Compensation
Sanjiv B Mahan	President	2	—
Rajika S Mahan	Director	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Mahan Hope Foundation?

Mahan Hope Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Burke, VA. It holds $477K in total assets as of 2024.

How large is Mahan Hope Foundation?

As of 2024, Mahan Hope Foundation holds $477K in total assets with $19K in annual revenue. It awarded 2 grants totaling $37K in 2024.

Where does Mahan Hope Foundation operate?

Mahan Hope Foundation has awarded grants in Maryland, Virginia.

What size grants does Mahan Hope Foundation award?

In 2024, Mahan Hope Foundation awarded 2 grants totaling $37K — an average of about $19K per grant, based on its IRS Form 990 filings.

How much is Mahan Hope Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Mahan Hope Foundation reported a distributable amount of $24K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.