The Mahatma - Dharma Foundation

Private foundation · Grantmaker Dallas, TX EIN: 46-4048609

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.

Key facts about The Mahatma - Dharma Foundation

In short: The Mahatma - Dharma Foundation gave $41K across 9 grants in 2022 (avg $5K), mostly in Texas. Source: 2022 IRS Form 990-PF.

EIN
46-4048609
Latest 990 filing
Form 990-PF, 2022
Annual giving (2022)
$41,000
Grants made (2022)
9
Average grant
$4,556
Median grant
$5,000
Total assets
$1,569,445
Primary geography
Texas (76% of itemized 2022 grant dollars)

Data from IRS Form 990-PF, 2022; updated September 2026.

Financial Overview

From 2022 IRS Form 990-PF · View filing

Total Assets

$1.6M

+0.1% YoY

Annual Giving

$41K

-37.9% YoY

Grant Count

9

-43.8% YoY

Avg Grant Size

$5K

+10.4% YoY

How The Mahatma - Dharma Foundation gives

  • Giving fell 20% from 2019 to 2022. Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

7states

Share of 2022 grant dollars across all 9 itemized grants.

Cities

DallasHoustonNew YorkDentonPhiladelphiaWest LafayetteCanoga ParkLewisvilleNew OrleansPlanoSanta BarbaraDenverIrving

Giving Over Time

Total grant dollars and number of grants per year

$0$20K$40K$60K$80K14 grants2019 16 grants2020 16 grants2021 9 grants2022

From 2019 to 2022, annual grant giving ranged from $41K (2022) to $73K (2020). In 2022 it made 9 grants totaling $41K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 6 recipients in 2022

Baylor College of Medicine: $5KBaylor College of Medicine$5KRice University: $5KRice University$5KTexas Scottish Rite Hospital for Ch: $5KTexas Scottish Rite Hospitalfor Ch$5KUT Southwestern Medical Center: $5KUT Southwestern Medical Center$5KTexas Woman's University: $5KTexas Woman's University$5KHockaday School: $3KHockaday School$3K

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

55<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 55 grants of 55 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Baylor College of Medicine Houston, TXHealth Care Education$5,000
Rice University Houston, TXEducation$5,000
3 grants to individuals Recipients not named —$13,000
Texas Scottish Rite Hospital for Ch Dallas, TXHealth Care$5,000
UT Southwestern Medical Center Dallas, TXEducation$5,000
Texas Woman's University Denton, TXEducational$5,000
Hockaday School Dallas, TXEducation$3,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$200K$400K$600K2019 2020 2021 2022
Metric202220212020
Total Assets$1,569,445$1,567,703$1,346,900
Revenue$294,663$91,000$54,507
Expenses$42,432$72,035$86,944
Qualifying Distributions$41,000——
Net Investment Income$80,688$91,002$55,002

Data update history

When this profile's IRS filing data changed on Grantable

  1. Added Form 990-PF for fiscal year 2019 (received by the IRS September 10, 2020)
  2. Updated Form 990-PF for fiscal year 2020 (received by the IRS April 13, 2021)
  3. Updated Form 990-PF for fiscal year 2021 (received by the IRS September 19, 2022)
  4. Updated Form 990-PF for fiscal year 2022 (received by the IRS March 14, 2023)
  5. IRS filings on file for fiscal years 2020–2022

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.

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