The Arun I & Asmita Bhatia Family Foundation
THE ARUN I & ASMITA BHATIA FAMILY is a private foundation based in New York, NY. Its 2024 filing reports 32 grants totaling $115,475, including support for educational institutions, charitable fundraising events, and organizations serving a range of charitable purposes.
Key facts about The Arun I & Asmita Bhatia Family Foundation
In short: The Arun I & Asmita Bhatia Family Foundation gave $115K across 32 grants in 2024 (avg $4K), mostly in New York. 19% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- EIN
- 30-0156517
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $115,475
- Grants made (2024)
- 32
- Average grant
- $3,609
- Median grant
- $2,000
- New grantees (estimate)
- 19% first-time grantees (6 of 32, 2024)
- Total assets
- $2,826,963
- Primary geography
- New York (69% of itemized 2024 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The foundation states that it 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
$2.8M
+16.9% YoY
Annual Giving
$115K
-22.6% YoY
Grant Count
32
+39.1% YoY
Avg Grant Size
$4K
-44.4% YoY
Under IRS private-foundation payout rules, The Arun I & Asmita Bhatia Family Foundation reported a distributable amount of $150K for 2024 — the minimum it must pay out in qualifying distributions.
Is The Arun I & Asmita Bhatia Family Foundation open to new grantees?
19%
first-time grantees, 2024
In 2024, 6 of 32 grantees (19%) were first-time recipients. First grants averaged $5K; repeat grants $3K. How we count
Medians: $3K first-time, $2K repeat.
- 41% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (−5%). Method
- In 2024 it paid out 84% 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 (2019–2024). 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
No mission statement for the foundation is provided. Its reported grants include general-purpose support, charitable fundraising events, a graduate scholarship fund, and a real estate circle.
Among its grantees, Horace Mann School says it prepares students to lead “great and giving lives.” Children’s Hope India describes its work as helping children move from poverty to prosperity through education, nutrition, medical care, and career-building skills. The Christian Herald Association, which does business as The Bowery Mission, says it meets essential needs and works with people and families in New York to overcome homelessness and poverty. These are the grantees’ descriptions of their own work.
Grantmaking
In 2024, the foundation reported 32 grants totaling $115,475. Awards ranged from $500 to $25,000, with a median grant of $2,000. Its largest reported grants included $25,000 to AIF for support of a charitable fundraising event, $15,000 to Players Philanthropy Fund for general purposes, and $10,000 each to Children’s Hope India for support of a charitable fundraising event and Horace Mann School for general purposes.
How to Apply
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
Ready to take the next step with The Arun I & Asmita Bhatia Family Foundation?
Geographic Focus
Where this funder awards grants
In 2024, 69% of grant dollars went to recipients in New York, 16% to Maryland, 7% to Virginia, 3% to Wisconsin, and 3% to New Jersey.
Grant Distribution by State
Share of 2024 grant dollars across all 32 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2024, annual grant giving ranged from $90K (2020) to $200K (2022). In 2024 it made 32 grants totaling $115K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was AIF ($25K). Together the top 10 received $85K.
Grant Size Distribution
199 grants across all recorded years
The most common grant size was under $50K: 199 grants of 199 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| AIF New York, NY | Support Charitable Fundraising Event | $25,000 |
| Players Philanthropy Fund Towson, MD | General Purpose | $15,000 |
| Children's Hope India Inc Searingtown, NY | Support Charitable Fundraising Event | $10,000 |
| Horace Mann School Bronx, NY | General Purpose | $10,000 |
| Neha K Rajpal Foundation McLean, VA | General Purpose | $6,000 |
| Columbia Business School New York, NY | Real Estate Circle | $5,000 |
| Christian Herald Association New York, NY | General Purpose | $3,500 |
| Doctors Without Borders New York, NY | General Purpose | $3,500 |
| University of Wisconsin Foundation Madison, WI | Graaskamp Center Graduate Scholarship Fund | $3,500 |
| Covenant House New York, NY | General Purpose | $3,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2024 | $2,826,963 | $558,997 | $151,071 | $115,475 |
| 2023 | $2,419,037 | $260,732 | $194,303 | $149,250 |
| 2022 | $2,352,608 | $141,410 | $248,875 | $200,097 |
Grant counts were 32 in 2024, 23 in 2023, and 47 in 2022.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,826,963 | $2,419,037 | $2,352,608 |
| Revenue | $558,997 | $260,732 | $141,410 |
| Expenses | $151,071 | $194,303 | $248,875 |
| Qualifying Distributions | $125,746 | $170,960 | $208,412 |
| Net Investment Income | $206,927 | $88,086 | $113,442 |
| Distributable Amount | $149,964 | $133,889 | $136,598 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS June 26, 2020)
- IRS filings on file for fiscal years 2019–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Arun I Bhatia as president and Asmita Bhatia as secretary.
The Arun I & Asmita Bhatia Family Foundation is led by Arun I. Bhatia, President on every filing since 2019; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Arun I. Bhatia
President
On filings since 2019
1 hr/week
No compensation reported
Asmita Bhatia
Secretary
On filings since 2019
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2019–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Contact
Mailing address: 500 West 43 Street 39A, New York, NY 10036
Phone: (212) 564-1770
Frequently asked questions about The Arun I & Asmita Bhatia Family Foundation
How much does The Arun I & Asmita Bhatia Family Foundation give each year?
The Arun I & Asmita Bhatia Family Foundation gave $115K across 32 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $149K across 23 grants.
What is The Arun I & Asmita Bhatia Family Foundation's typical grant size?
The Arun I & Asmita Bhatia Family Foundation's median grant in 2024 was $2,000, and its average grant was $3,609, across 32 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from The Arun I & Asmita Bhatia Family Foundation that year got $5K on average.
Where does The Arun I & Asmita Bhatia Family Foundation give grants?
The Arun I & Asmita Bhatia Family Foundation gives mostly in New York: 69% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Maryland (16%) and Virginia (7%). The most frequent recipient cities were New York, NY (19 grants) and Washington, DC (2 grants).
Does The Arun I & Asmita Bhatia Family Foundation give general operating support?
Yes: 88% of The Arun I & Asmita Bhatia Family Foundation's 2024 grants with a stated purpose (28 of 32) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are The Arun I & Asmita Bhatia Family Foundation's largest grantees?
The Arun I & Asmita Bhatia Family Foundation's largest 2024 grantees include AIF ($25,000), Players Philanthropy Fund ($15,000) and Children's Hope India Inc ($10,000), according to its 2024 IRS Form 990-PF. Together they received 43% of its itemized 2024 grant dollars.
How large is The Arun I & Asmita Bhatia Family Foundation?
The Arun I & Asmita Bhatia Family Foundation reported $2.8M in total assets on its 2024 IRS Form 990-PF. It paid out $126K in qualifying distributions that year, against a required minimum of $150K (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 The Arun I & Asmita Bhatia Family Foundation fund?
No mission statement for the foundation is provided. Its reported grants include general-purpose support, charitable fundraising events, a graduate scholarship fund, and a real estate circle. See mission & focus areas ↑
How do I apply for a grant from The Arun I & Asmita Bhatia Family Foundation?
The foundation states that it 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 The Arun I & Asmita Bhatia Family Foundation's EIN?
The Arun I & Asmita Bhatia Family Foundation's EIN (Employer Identification Number) is 30-0156517. IRS Form 990 filing data is available on this page for 2019–2024.
Does The Arun I & Asmita Bhatia Family 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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