Tarsadia Foundation

NEWPORT BEACH, CA EIN: 33-0879062 Website

Tarsadia Foundation is a private, multigenerational family foundation established in 1999 and headquartered in Newport Beach, California. Founded by B.U. Patel and Pushpa Patel—immigrant entrepreneurs from rural India who arrived in California in the 1970s and built a successful hotel business—the foundation has evolved into a trust-based philanthropy model with over $200 million in assets. The foundation operates with approximately 50 family members across three generations engaged in its philanthropic work, including a 24-member junior board of youth aged 5-21.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$201.0M

+0.0% YoY

Annual Giving

$11.5M

-5.8% YoY

Grant Count

-28.2% YoY

Avg Grant Size

$206K

+31.2% YoY

Under IRS private-foundation payout rules, Tarsadia Foundation reported a distributable amount of $15.3M for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation operates across four core impact pillars:

Inclusive Mobility: Supports economic empowerment through microfinance, entrepreneurship support, and healthcare access
Crises & Threats: Addresses urgent community needs
Human Transformation: Focuses on personal and community development
India Upliftment: Supports development initiatives in India

The foundation emphasizes unrestricted funding, long-term partnerships, and community-driven solutions, working alongside 100+ impact partners globally to "unleash human potential."

Grantmaking

Grant Range

**: $10,000 - $2,000,000

Invitation Only

**: The foundation operates an invitation-only grantmaking model. Decision timelines and success rates are not publicly disclosed.

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Geographic Focus

Where this funder awards grants

Southern California (Orange County and Greater Los Angeles area)
India
Select global initiatives

Grant Distribution by State

California $21.3M (54%)

Texas $8.5M (22%)

New York $3.5M (9%)

District of Columbia $3.2M (8%)

Arkansas $1.1M (3%)

Massachusetts $677K (2%)

Michigan $467K (1%)

Illinois $375K (1%)

+11 more states

States

Arkansas California Colorado District of Columbia Florida Georgia Iowa Illinois Massachusetts Maryland Michigan North Carolina New Jersey New York Pennsylvania Tennessee Texas Virginia Washington

Cities

AlexandriaAnaheimArroyo GrandeArtesiaAtlantaBabson ParkBakersfieldBaltimoreBedfordBerkeleyBostonBrooklynBuena ParkCalabasasCerritosCharlotteChinoChino HillsCoplayCosta Mesa

Financial History

Multi-year comparison from IRS filings

As of 2023:

Total Assets: $200,860,544
Total Revenue: $5,256,210
Total Expenses: $11,492,770
Total Liabilities: $10,400,000
Staff: 4-6 employees

Revenue Breakdown (2023):

Total grants and contributions: $2,510,000
Investment income and dividends: $3,150,658
Net gain/loss from sale of non-inventory assets: -$411,380

Tax Status: 501(c)(3) private foundation; tax-exempt since March 2000; EIN: 33-0879062

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$200,957,818	$200,860,544	$216,147,419
Revenue	$5,311,525	$5,256,210	$-550,200
Expenses	$10,021,493	$11,492,770	$20,457,976
Qualifying Distributions	$12,696,126	$13,529,844	$16,512,322
Net Investment Income	$4,774,040	$7,157,657	$1,019,333
Distributable Amount	$15,285,012	$10,023,156	$12,204,332

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Grant Size Distribution

250 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Dasra ($2,500,000), Divyajyoti Trust ($1,000,000), Bhansali Trust ($700,000).

Recipient	Purpose	Amount
DASRA HOUSTON, TX	PROGRAM SUPPORT	$2,500,000
DIVYAJYOTI TRUST	PROGRAM SUPPORT	$1,000,000
BHANSALI TRUST	PROGRAM SUPPORT	$700,000
DIWALIBEN TRUST (DUPST)	PROGRAM SUPPORT	$500,000
KEVIN LOVE FUND LOS ANGELES, CA	PROGRAM SUPPORT	$500,000
NILUS	PROGRAM SUPPORT	$400,166
GRAMEEN AMERICA INC NEW YORK, NY	PROGRAM SUPPORT	$375,000
JOY OF SHARING FOUNDATION NORWALK, CA	PROGRAM SUPPORT	$300,000
ILLUMINATION FOUNDATION ORANGE, CA	PROGRAM SUPPORT	$280,000
BABY2BABY LOS ANGELES, CA	PROGRAM SUPPORT	$250,000

Leadership & Key People

Leadership team and compensation from IRS filings

Maya Patel: Chief Executive Officer and Executive Chair (granddaughter of founders)
Shirish Dayal: Executive Vice President and Executive Director
B.U. Patel: Chairman and Founder
Pushpa Patel: Founder
Shivani Tarsadia: Impact Manager
Mike Patel: Board Member
Tushar Patel: Board Member
Nishta Patel: Executive Board Member
Hasina P: Founding Board Member

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
BU PATEL	DIRECTOR	12	—
TUSHAR PATEL	DIRECTOR	2	—
SHIRISH DAYAL	TREASURER, SECRETARY & EXECUTIVE VP	32	$206,000
MAYA PATEL	EXECUTIVE CHAIR & CEO	30	$309,000
MAYUR PATEL	DIRECTOR	2	—

Recent News & Activity

Recent developments and announcements

2030

The foundation has been recognized for its innovative approach to family philanthropy and trust-based grantmaking. It was honored with a Catalyst 2030 award for trust-based philanthropy. The foundation has partnered with other organizations on major initiatives, including a collaboration with the WES Mariam Assefa Fund to announce the Opportunity Challenge, a $1 million initiative to uplift immigrant communities. The foundation has committed to providing over Rs 500 crore (approximately $60 million USD) in grants to Indian NGOs over a 10-year period in partnership with Dasra.

WES Mariam Assefa Fund and the Tarsadia Foundation Announce

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What does Tarsadia Foundation fund?

The Tarsadia Foundation supports nonprofit organizations with programs and projects that provide educational opportunities for the underserved, support health and well-being of the community, and help to employ the employable through economic empowerment. The foundation operates across four core impact pillars: • **Inclusive Mobility**: Supports economic empowerment through microfinance, entrepreneurship support, and healthcare access • **Crises & Threats**: Addresses urgent community needs • *…

How do I apply for a grant from Tarsadia Foundation?

**Grant Range**: $10,000 - $2,000,000 **Annual Giving**: Approximately $12.2 million to $16 million annually. In 2023, the foundation distributed approximately $8.5 million across 43+ grants. In 2024, the foundation distributed approximately $12.2 million through 78 grants. **Recent Notable Grants (2023)**: • Dasra: $2,000,000 (Program Support) • New Venture Fund: $1,000,000 (Program Support) • Entertainment Industry Foundation: $650,000 (Program Support) **Application Process**: The foundation…

Where does Tarsadia Foundation make grants?

• Southern California (Orange County and Greater Los Angeles area) • India • Select global initiatives

What size grants does Tarsadia Foundation award?

In 2024, Tarsadia Foundation awarded 56 grants totaling $11.5M — an average of about $206K per grant, based on its IRS Form 990 filings.

How much is Tarsadia Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Tarsadia Foundation reported a distributable amount of $15.3M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.