Prema Foundation
Prema Foundation is a private foundation, based in Sugar Land, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.6M in total assets. In 2024, it awarded 2 grants totaling $20K. Net investment income was $352K.
Prema Foundation at a glance
In short: Prema Foundation gave $20K across 2 grants in 2024 (avg $10K), mostly in California. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $20,000
- +6.8% vs 2023
- Grants made (2024)
- 2
- -50.0% vs 2023
- Average grant
- $10,000
- +113.6% vs 2023
- Median grant
- $10,000
- Total assets
- $3,634,863
- +7.8% vs 2023
- Primary geography
- California (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Prema Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was Akshaya Patra ($10K). Together the top 2 received $20K.
Grant Size Distribution
12 grants across all recorded years
The most common grant size was under $50K: 10 grants of 12 (83%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
States
Cities
How Prema Foundation gives
- Giving fell 83% from 2021 to 2024. Method
- In 2024 it paid out 10% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $8K (2022) to $219K (2020). In 2024 it made 2 grants totaling $20K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Akshaya Patra Canoga Park, CA | Fund Theircharitable Activities | $10,000 |
| Divine Will Foundation Encinitas, CA | Fund Theircharitabke Activities | $10,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $3,634,863 | $130,295 | $32,625 | $20,000 | 2 | $20,000 | $352,305 | $205,160 |
| 2023 | $3,370,861 | $442,343 | $31,127 | $18,728 | 4 | $18,728 | $74,637 | $171,619 |
| 2022 | $2,961,070 | $74,125 | $21,635 | $7,915 | 2 | $7,915 | $56,758 | $168,011 |
| 2021 | $2,908,580 | $316,638 | $131,667 | $119,603 | 2 | $119,603 | $135,953 | $163,041 |
| 2020 | $2,647,283 | $346,221 | $227,972 | $218,630 | 2 | — | $40,562 | $136,994 |
Under IRS private-foundation payout rules, Prema Foundation reported a distributable amount of $205K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Prema Foundation's 2024 filing lists 3 officers; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Hansa Kothari
Director
On filings since 2020
5 hrs/week
No compensation reported
Imtiaz Munshi
Director
On filings since 2020
0.1 hrs/week
No compensation reported
Vimal Kothari
Director
On filings since 2020
5 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Prema Foundation
How much does Prema Foundation give each year?
Prema Foundation gave $20K across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $19K across 4 grants.
How large is Prema Foundation?
Prema Foundation reported $3.6M in total assets on its 2024 IRS Form 990-PF. It paid out $20K in qualifying distributions that year, against a required minimum of $205K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does Prema Foundation operate?
Prema Foundation has awarded grants in Armed Forces Pacific, California, Texas.
What is Prema Foundation's EIN?
Prema Foundation's EIN (Employer Identification Number) is 20-0670206. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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