The Mahatma - Dharma Foundation
The Mahatma - Dharma Foundation is a private foundation, based in Dallas, TX. IRS filing data is available from 2019 through 2022. As of 2022, the organization holds $1.6M in total assets. In 2022, it awarded 9 grants totaling $41K. Net investment income was $81K.
The Mahatma - Dharma Foundation at a glance
In short: The Mahatma - Dharma Foundation gave $41K across 9 grants in 2022 (avg $5K), mostly in Texas. Source: 2022 IRS Form 990-PF.
- Annual giving (2022)
- $41,000
- -37.9% vs 2021
- Grants made (2022)
- 9
- -43.8% vs 2021
- Average grant
- $4,556
- +10.4% vs 2021
- Median grant
- $5,000
- Total assets
- $1,569,445
- +0.1% vs 2021
- Primary geography
- Texas (76% of itemized 2022 grant dollars)
- Latest 990 filing
- Form 990-PF, 2022 View filing
Data from IRS Form 990-PF, 2022; updated September 2026.
Who The Mahatma - Dharma Foundation funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2022
The largest 2022 recipient was Baylor College of Medicine ($5K). Together the top 6 received $28K.
Organizations only. It also paid 3 grants to individuals ($13,000), which are not listed by name.
Grant Size Distribution
55 grants across all recorded years
The most common grant size was under $50K: 55 grants of 55 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2022 grant dollars across all 9 itemized grants.
Cities
How The Mahatma - Dharma Foundation gives
- Giving fell 20% from 2019 to 2022. 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
From 2019 to 2022, annual grant giving ranged from $41K (2022) to $73K (2020). In 2022 it made 9 grants totaling $41K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Baylor College of Medicine Houston, TX | Health Care Education | $5,000 |
| Rice University Houston, TX | Education | $5,000 |
| 3 grants to individuals Recipients not named | — | $13,000 |
| Texas Scottish Rite Hospital for Ch Dallas, TX | Health Care | $5,000 |
| UT Southwestern Medical Center Dallas, TX | Education | $5,000 |
| Texas Woman's University Denton, TX | Educational | $5,000 |
| Hockaday School Dallas, TX | Education | $3,000 |
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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 |
|---|---|---|---|---|---|---|---|
| 2022 | $1,569,445 | $294,663 | $42,432 | $41,000 | 9 | $41,000 | $80,688 |
| 2021 | $1,567,703 | $91,000 | $72,035 | $66,000 | 16 | — | $91,002 |
| 2020 | $1,346,900 | $54,507 | $86,944 | $73,000 | 16 | — | $55,002 |
| 2019 | $1,413,386 | $368,244 | $55,650 | $51,500 | 14 | — | $235,515 |
Leadership & Key People
Officers and directors from IRS filings
The Mahatma - Dharma Foundation is led by Mahendra Mahatma, President on every filing since 2019; none of the 3 officers listed in 2022 report compensation.
Officers on the 2022 filing
Mahendra Mahatma
President
On filings since 2019
1 hr/week
No compensation reported
Gina Mahatma
Secretary
On filings since 2019
1 hr/week
No compensation reported
Shashi Dharma
Vice President
On filings since 2019
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2019–2022. "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 Mahatma - Dharma Foundation
How much does The Mahatma - Dharma Foundation give each year?
The Mahatma - Dharma Foundation gave $41K across 9 grants in 2022, according to its 2022 IRS Form 990-PF. In 2021 it gave $66K across 16 grants.
What is The Mahatma - Dharma Foundation's typical grant size?
The Mahatma - Dharma Foundation's median grant in 2022 was $5,000, and its average grant was $4,556, across 9 grants on its 2022 IRS Form 990-PF.
Where does The Mahatma - Dharma Foundation give grants?
The Mahatma - Dharma Foundation gives mostly in Texas: 76% of the grant dollars itemized on its 2022 IRS Form 990-PF went to recipients there. The next largest states were Colorado (12%) and Pennsylvania (12%). The most frequent recipient cities were Dallas, TX (3 grants) and Houston, TX (2 grants).
Does The Mahatma - Dharma Foundation give general operating support?
Not in 2022: none of the 9 grants with a stated purpose on The Mahatma - Dharma Foundation's 2022 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Education" (4 grants).
Who are The Mahatma - Dharma Foundation's largest grantees?
The Mahatma - Dharma Foundation's largest 2022 grantees include Baylor College of Medicine ($5,000), Rice University ($5,000) and Texas Scottish Rite Hospital for Ch ($5,000), according to its 2022 IRS Form 990-PF. It also paid 3 grants to individuals ($13,000), which are not listed by name. Together they received 37% of its itemized 2022 grant dollars.
How large is The Mahatma - Dharma Foundation?
The Mahatma - Dharma Foundation reported $1.6M in total assets on its 2022 IRS Form 990-PF. Its revenue that year was $295K.
What is The Mahatma - Dharma Foundation's EIN?
The Mahatma - Dharma Foundation's EIN (Employer Identification Number) is 46-4048609. IRS Form 990 filing data is available on this page for 2019–2022.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(5)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS September 10, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS April 13, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS September 19, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS March 14, 2023)
- IRS filings on file for fiscal years 2020–2022
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