Sherali Fazal Visram Memorial

BINGHAMTON, NY EIN: 04-3279667

Sherali Fazal Visram Memorial is a private foundation, based in BINGHAMTON, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $350K in total assets. In 2024, it awarded 2 grants totaling $10K. Net investment income was $33.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$350K

+13.8% YoY

Annual Giving

$10K

+940.0% YoY

Grant Count

+100.0% YoY

Avg Grant Size

$5K

+420.0% YoY

Under IRS private-foundation payout rules, Sherali Fazal Visram Memorial reported a distributable amount of $16K for 2024 — the minimum it must pay out in qualifying distributions.

About Sherali Fazal Visram Memorial

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New York $6K (100%)

States

New York

Cities

Binghamton

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$349,592	$307,127	$171,579
Revenue	$57,865	$135,548	$49,153
Expenses	$15,400	—	$3,550
Qualifying Distributions	$10,400	$1,000	$1,000
Net Investment Income	$33	$22	$15
Distributable Amount	$16,438	$10,729	$7,416

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

6 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Malekkhanu Sherali Fazal Visram Mem ($5,400), A Room to Heal ($5,000).

Recipient	Purpose	Amount
A ROOM TO HEAL BINGHAMTON, NY	General purposes	$5,000
Malekkhanu Sherali Fazal Visram Mem	THE CONTRIBUTION WAS PROVIDED TO ASSIST IN THE SUPPORT OF AN ORPHANAGE LOCATED IN INDIA. THE PRIMARY PURPOSE OF SHERALI FAZAL VISRAM MEMORIAL FOUNDATION, INC. IS TO DISTRIBUTE THE DONATIONS RECEIVED TO RECOGNIZED CHILDREN'S CHARITIES PRIMARILY IN INDIA.	$5,400

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
AMIN SHERALI VISRAM	President	—	—
AZIM VISRAM	Director	—	—
ALLY VISRAM	Vice President	—	—

Frequently Asked Questions

How large is Sherali Fazal Visram Memorial?

As of 2024, Sherali Fazal Visram Memorial holds $350K in total assets with $58K in annual revenue. It awarded 2 grants totaling $10K in 2024.

Where does Sherali Fazal Visram Memorial operate?

Sherali Fazal Visram Memorial has awarded grants in New York.

What size grants does Sherali Fazal Visram Memorial award?

In 2024, Sherali Fazal Visram Memorial awarded 2 grants totaling $10K — an average of about $5K per grant, based on its IRS Form 990 filings.

How much is Sherali Fazal Visram Memorial required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Sherali Fazal Visram Memorial reported a distributable amount of $16K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.