Prema Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.6M
+7.8% YoY
Annual Giving
$20K
+6.8% YoY
Grant Count
2
-50.0% YoY
Avg Grant Size
$10K
+113.6% YoY
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.
About Prema Foundation
Based on IRS filings
Prema Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,634,863 | $3,370,861 | $2,961,070 |
| Revenue | $130,295 | $442,343 | $74,125 |
| Expenses | $32,625 | $31,127 | $21,635 |
| Qualifying Distributions | $20,000 | $18,728 | $7,915 |
| Net Investment Income | $352,305 | $74,637 | $56,758 |
| Distributable Amount | $205,160 | $171,619 | $168,011 |
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
12 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Akshaya Patra ($10,000), Divine Will Foundation ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AKSHAYA PATRA CANOGA PARK, CA | FUND THEIRCHARITABLE ACTIVITIES | $10,000 |
| DIVINE WILL FOUNDATION ENCINITAS, CA | FUND THEIRCHARITABKE ACTIVITIES | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| IMTIAZ MUNSHI | DIRECTOR | 0.1 | — |
| VIMAL KOTHARI | DIRECTOR | 5 | — |
| HANSA KOTHARI | DIRECTOR | 5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Prema Foundation?
Prema Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SUGAR LAND, TX. It holds $3.6M in total assets as of 2024.
How large is Prema Foundation?
As of 2024, Prema Foundation holds $3.6M in total assets with $130K in annual revenue. It awarded 2 grants totaling $20K in 2024.
Where does Prema Foundation operate?
Prema Foundation has awarded grants in Ap, California, Texas.
What size grants does Prema Foundation award?
In 2024, Prema Foundation awarded 2 grants totaling $20K — an average of about $10K per grant, based on its IRS Form 990 filings.
How much is Prema Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Prema Foundation reported a distributable amount of $205K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Prema 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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