Rita and Sunil Bhatia Foundation
Rita and Sunil Bhatia Foundation is a private foundation, based in Wilmington, DE. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $5.1M in total assets. In 2024, it awarded 8 grants totaling $110K. Net investment income was $126K.
Key facts about Rita and Sunil Bhatia Foundation
In short: Rita and Sunil Bhatia Foundation gave $110K across 8 grants in 2024 (avg $14K), mostly in New York. Source: 2024 IRS Form 990-PF.
- EIN
- 88-2201441
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $109,500
- Grants made (2024)
- 8
- Average grant
- $13,688
- Median grant
- $2,500
- Total assets
- $5,078,996
- Primary geography
- New York (55% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.1M
-0.3% YoY
Annual Giving
$110K
+82.5% YoY
Grant Count
8
+300.0% YoY
Avg Grant Size
$14K
-54.4% YoY
Under IRS private-foundation payout rules, Rita and Sunil Bhatia Foundation reported a distributable amount of $280K for 2024 — the minimum it must pay out in qualifying distributions.
How Rita and Sunil Bhatia Foundation gives
- In 2024 it paid out 47% 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.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 8 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2022 to 2024, annual grant giving ranged from $38K (2022) to $110K (2024). In 2024 it made 8 grants totaling $110K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
The largest 2024 recipient was Bharatiya Vidya Bhavan USA Inc ($60K). Together the top 8 received $110K.
Grant Size Distribution
11 grants across all recorded years
The most common grant size was under $50K: 9 grants of 11 (82%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Bharatiya Vidya Bhavan USA Inc New York, NY | General & Unrestricted | $60,000 |
| The Community Foundation of Singapore | General & Unrestricted | $30,000 |
| Foundation for Excellence Inc Sunnyvale, CA | General & Unrestricted | $7,000 |
| Art Forum Santa Clara, CA | General & Unrestricted | $2,500 |
| Bay Area Drama Company Palo Alto, CA | General & Unrestricted | $2,500 |
| Cloud Playhouse Inc Saratoga, CA | General & Unrestricted | $2,500 |
| Narika Fremont, CA | General & Unrestricted | $2,500 |
| Rewire Community Dublin, CA | General & Unrestricted | $2,500 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $5,078,996 | $5,096,602 | $4,969,451 |
| Revenue | $138,460 | $223,149 | $5,020,480 |
| Expenses | $156,066 | $95,998 | $51,029 |
| Qualifying Distributions | $131,336 | $88,103 | $51,029 |
| Net Investment Income | $126,440 | $221,652 | $10,480 |
| Distributable Amount | $280,158 | $247,465 | $10,027 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2022–2024
Leadership & Key People
Officers and directors from IRS filings
Rita and Sunil Bhatia Foundation is led by Rita Bhatia, Director & President since 2024 (on filings since 2022); none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Rita Bhatia
Director & President
Director, Secretary & Treasurer → Director, Secretary, Treasurer & President, 2023
Director, Secretary, Treasurer & President → Director & President, 2024
On filings since 2022
1 hr/week
No compensation reported
Sunil Bhatia
Director, Secretary & Treasurer
Director & President → Director, President, Secretary & Treasurer, 2023
Director, President, Secretary & Treasurer → Director, Secretary & Treasurer, 2024
On filings since 2022
1 hr/week
No compensation reported
Anushka Bhatia
Director & Vice President
On filings since 2023
1 hr/week
No compensation reported
Vivaan Bhatia
Director & Vice President
On filings since 2023
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2022–2024. "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 Rita and Sunil Bhatia Foundation
How much does Rita and Sunil Bhatia Foundation give each year?
Rita and Sunil Bhatia Foundation gave $110K across 8 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $60K across 2 grants.
What is Rita and Sunil Bhatia Foundation's typical grant size?
Rita and Sunil Bhatia Foundation's median grant in 2024 was $2,500, and its average grant was $13,688, across 8 grants on its 2024 IRS Form 990-PF.
Where does Rita and Sunil Bhatia Foundation give grants?
Rita and Sunil Bhatia Foundation gives mostly in New York: 55% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was California (18%).
Does Rita and Sunil Bhatia Foundation give general operating support?
Yes: 100% of Rita and Sunil Bhatia Foundation's 2024 grants with a stated purpose (8 of 8) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Rita and Sunil Bhatia Foundation's largest grantees?
Rita and Sunil Bhatia Foundation's largest 2024 grantees include Bharatiya Vidya Bhavan USA Inc ($60,000), The Community Foundation of Singapore ($30,000) and Foundation for Excellence Inc ($7,000), according to its 2024 IRS Form 990-PF. Together they received 89% of its itemized 2024 grant dollars.
How large is Rita and Sunil Bhatia Foundation?
Rita and Sunil Bhatia Foundation reported $5.1M in total assets on its 2024 IRS Form 990-PF. It paid out $131K in qualifying distributions that year, against a required minimum of $280K (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.
What is Rita and Sunil Bhatia Foundation's EIN?
Rita and Sunil Bhatia Foundation's EIN (Employer Identification Number) is 88-2201441. IRS Form 990 filing data is available on this page for 2022–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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