The Bahna Varous Family Foundation Inc
The Bahna Varous Family Foundation Inc is a private foundation, based in Brooklyn, NY. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $50K in total assets. In 2024, it made $186 in qualifying distributions. Net investment income was $355.
The Bahna Varous Family Foundation Inc at a glance
- Total assets
- $50,197
- +66.2% vs 2023
- Revenue (2024)
- $20,541
- -58.9% vs 2023
- Qualifying distributions (2024)
- $186
- -99.1% vs 2023
- Expenses (2024)
- $186
- -99.1% vs 2023
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Bahna Varous Family Foundation Inc funds
How this funder distributes its grants
Grant Size Distribution
1 grant across all recorded years
The most common grant size was under $50K: 1 grant of 1 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
How The Bahna Varous Family Foundation Inc gives
- In 2024 it paid out 9% 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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2023 it made 1 grant totaling $10K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Prospect Park Alliance Inc Brooklyn, NY | Unrestricted Grant | $10,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $50,197 | $20,541 | $186 | — | — | $186 | $355 | $2,124 |
| 2023 | $30,197 | $50,000 | $19,803 | $10,000 | 1 | $19,803 | — | $712 |
Under IRS private-foundation payout rules, The Bahna Varous Family Foundation Inc reported a distributable amount of $2K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Bahna Varous Family Foundation Inc is led by Catherine M. Varous, President on every filing since 2023; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Catherine M. Varous
President
On filings since 2023
1 hr/week
No compensation reported
Joan Marie Varous
Secretary
On filings since 2023
1 hr/week
No compensation reported
Mark A. Varous
Treasurer
On filings since 2023
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2023–2024. "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 The Bahna Varous Family Foundation Inc
How large is The Bahna Varous Family Foundation Inc?
The Bahna Varous Family Foundation Inc reported $50K in total assets on its 2024 IRS Form 990-PF. It paid out $186 in qualifying distributions that year, against a required minimum of $2K (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.
Where does The Bahna Varous Family Foundation Inc operate?
The Bahna Varous Family Foundation Inc has awarded grants in New York.
What is The Bahna Varous Family Foundation Inc's EIN?
The Bahna Varous Family Foundation Inc's EIN (Employer Identification Number) is 92-3001741. IRS Form 990 filing data is available on this page for 2023–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2023–2024
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