Tarsadia Foundation
Tarsadia Foundation is a private foundation based in Newport Beach, California. Founded in 2009 by entrepreneur and philanthropist BU Patel, it supports organizations working to unleash human potential through opportunity creation, financial inclusion, food and housing security, mental wellbeing, and service.
Key facts about Tarsadia Foundation
In short: Tarsadia Foundation gave $11.5M across 56 grants in 2024 (avg $206K), top state California. 23% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- EIN
- 33-0879062
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $11,508,500
- Grants made (2024)
- 56
- Average grant
- $205,509
- Median grant
- $100,000
- New grantees (estimate)
- 23% first-time grantees (13 of 56, 2024)
- Total assets
- $200,957,818
- Primary geography
- California (37% of itemized 2024 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Full details ↓
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
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
56
-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.
Is Tarsadia Foundation open to new grantees?
23%
first-time grantees, 2024
In 2024, 13 of 56 grantees (23%) were first-time recipients. First grants averaged $149K; repeat grants $223K. How we count
Medians: $90K first-time, $150K repeat.
- 70% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (−14%). Method
- In 2024 it paid out 83% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
The foundation’s stated aim is to unleash human potential and help break cycles of poverty. Its four impact pillars are Inclusive Mobility, Crises & Threats, Human Transformation, and India Upliftment. The foundation says Inclusive Mobility promotes financial inclusion, opportunity creation, and access to essential goods and services; Crises & Threats addresses food and housing security; Human Transformation fosters mental wellbeing and service; and India Upliftment focuses on rebuilding social and economic systems to expand opportunity and upward mobility for marginalized communities.
Its 2024 grants included support for organizations working in areas such as strategic philanthropy, mental health, community services, reproductive health, and education. For example, DASRA describes its work as catalyzing strategic philanthropy and helping nonprofits grow and collaborate. The Kevin Love Fund says it works to create equity between mental and physical health through research, education, and efforts to reduce stigma. The Joy of Sharing Foundation describes its work as supporting Southern California communities and providing services and relief locally and globally.
Grantmaking
In filing year 2024, the foundation reported 56 grants totaling $11,508,500. Grant amounts ranged from $2,500 to $2,500,000, with a median grant of $100,000. The grants listed as the largest included $2,500,000 to DASRA, $1,000,000 to Divyajyoti Trust, $700,000 to Bhansali Trust, $500,000 to Diwaliben Trust, and $500,000 to the Kevin Love Fund. Other notable grants included $400,166 to Nilus, $375,000 to Grameen America, $300,000 to Joy of Sharing Foundation, $280,000 to Illumination Foundation, and $250,000 each to Baby2Baby, California State University, and Big Brothers Big Sisters of OC. The stated purpose for these listed grants was program support.
How to Apply
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
Ready to take the next step with Tarsadia Foundation?
Geographic Focus
Where this funder awards grants
The foundation describes its work as spanning communities across the globe, with an India Upliftment pillar focused on marginalized communities in India. In 2024, grant dollars went to recipients in California (37%), Texas (23%), and New York (8%); 27% were listed with an unspecified state, and 2% went to Arkansas.
Grant Distribution by State
Share of 2024 grant dollars across all 56 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $11.5M (2024) to $14.6M (2022). In 2024 it made 56 grants totaling $11.5M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Dasra ($2.5M). Together the top 10 received $6.8M.
Grant Size Distribution
420 grants across all recorded years
The most common grant size was under $50K: 167 grants of 420 (40%).
Giving History
Grant recipients and amounts by year
| 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 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants | Grant count |
|---|---|---|---|---|---|
| 2024 | $200,957,818 | $5,311,525 | $10,021,493 | $11,508,500 | 56 |
| 2023 | $200,860,544 | $5,256,210 | $11,492,770 | $12,215,408 | 78 |
| 2022 | $216,147,419 | -$550,200 | $20,457,976 | $14,645,150 | 91 |
| 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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists BU Patel, Tushar Patel, and Mayur Patel as directors; Shirish Dayal as treasurer, secretary, and executive vice president; and Maya Patel as executive chair and CEO. The foundation’s website also lists Kate Faith as vice president of impact and Shivani Tarsadia as marketing and impact manager.
Tarsadia Foundation is led by Maya Patel, Executive Chair & CEO since 2021 (on filings since 2020); 2 of 5 officers listed in 2024 are compensated.
Officers on the 2024 filing
Maya Patel
Executive Chair & CEO
Executive Chairwoman → Executive Chair & CEO, 2021
On filings since 2020
30 hrs/week
$50K (2020) → $309K (2024)
Bu Patel
Director
On filings since 2020
12 hrs/week
No compensation reported
Mayur Patel
Director
On filings since 2020
2 hrs/week
No compensation reported
Tushar Patel
Director
On filings since 2020
2 hrs/week
No compensation reported
Shirish Dayal
Treasurer, Secretary & Executive Vice President
Secretary & Treasurer → Treasurer, Secretary & Executive Vice President, 2021
On filings since 2020
32 hrs/week
$189K (2020) → $206K (2024)
Former officers (1)
- Former: Priya Bery (2020–2021) — Director
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.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $309K, to Maya Patel (Executive Chair & CEO). 2 officers or directors reported compensation on that filing.
Contact
Mailing address: 520 Newport Center Drive, Newport Beach, CA 92660
Phone: (949) 610-8038
Website: https://tarsadiafoundation.org
Frequently asked questions about Tarsadia Foundation
How much does Tarsadia Foundation give each year?
Tarsadia Foundation gave $11.5M across 56 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $12.2M across 78 grants.
What is Tarsadia Foundation's typical grant size?
Tarsadia Foundation's median grant in 2024 was $100,000, and its average grant was $205,509, across 56 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Tarsadia Foundation that year got $149K on average.
Where does Tarsadia Foundation give grants?
Tarsadia Foundation's top state is California, with 37% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were Texas (23%) and New York (8%). The most frequent recipient cities were Irvine, CA (7 grants), Los Angeles, CA (5 grants), New York, NY (3 grants) and Houston, TX (2 grants).
Does Tarsadia Foundation give general operating support?
Not in 2024: none of the 56 grants with a stated purpose on Tarsadia Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Program Support" (56 grants).
Who are Tarsadia Foundation's largest grantees?
Tarsadia Foundation's largest 2024 grantees include Dasra ($2,500,000), Divyajyoti Trust ($1,000,000) and Bhansali Trust ($700,000), according to its 2024 IRS Form 990-PF. Together they received 36% of its itemized 2024 grant dollars.
How large is Tarsadia Foundation?
Tarsadia Foundation reported $201.0M in total assets on its 2024 IRS Form 990-PF. It paid out $12.7M in qualifying distributions that year, against a required minimum of $15.3M (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 does Tarsadia Foundation fund?
The foundation’s stated aim is to unleash human potential and help break cycles of poverty. Its four impact pillars are Inclusive Mobility, Crises & Threats, Human Transformation, and India Upliftment. See mission & focus areas ↑
How do I apply for a grant from Tarsadia Foundation?
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Tarsadia Foundation's EIN?
Tarsadia Foundation's EIN (Employer Identification Number) is 33-0879062. IRS Form 990 filing data is available on this page for 2020–2024.
Does Tarsadia Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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