Uday & Peggy Bhate Foundation

BIRMINGHAM, AL EIN: 46-4384744

Uday & Peggy Bhate Foundation is a private foundation, based in BIRMINGHAM, AL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.4M in total assets. In 2024, it awarded 16 grants totaling $39K. Net investment income was $358K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$2.4M

+75.3% YoY

Annual Giving

$39K

-13.5% YoY

Grant Count

+14.3% YoY

Avg Grant Size

$2K

-24.3% YoY

Under IRS private-foundation payout rules, Uday & Peggy Bhate Foundation reported a distributable amount of $101K for 2024 — the minimum it must pay out in qualifying distributions.

About Uday & Peggy Bhate Foundation

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Alabama $149K (91%)

Georgia $10K (6%)

Texas $3K (2%)

New York $1K (1%)

District of Columbia $300 (0%)

Tennessee $50 (0%)

States

Alabama District of Columbia Georgia New York Tennessee Texas

Cities

AtlantaBimrminghamBirminghamFairfieldHomewoodHoustonHueytownNashvilleNew YorkSavannahWashington

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$2,384,365	$1,359,800	$1,225,993
Revenue	$1,074,637	$181,209	$228,783
Expenses	$50,072	$47,402	$24,719
Qualifying Distributions	$38,500	$44,500	$21,250
Net Investment Income	$358,029	$179,479	$73,259
Distributable Amount	$100,772	$62,838	$57,531

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Grant Size Distribution

76 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Children's Hospital of Alabama Foundation ($7,500), O'neal Comprehensive Cancer Center at Uab ($5,000), Samford University ($5,000).

Recipient	Purpose	Amount
BIRMINGHAM BOTANICAL GARDENS BIRMINGHAM, AL	DONATION	$1,000
BIRMINGHAM ZOO BIRMINGHAM, AL	DONATION	$2,500
CHILDREN'S HOSPITAL OF ALABAMA FOUNDATION BIRMINGHAM, AL	DONATION	$7,500
COMMUNITY FOOD BANK OF ALABAMA BIRMINGHAM, AL	DONATION	$1,000
GEORGIA TECH ALUMNI ASSOCIATION ATLANTA, GA	DONATION	$2,500
JEFFERSON COUNTY EDUCATION FOUNDATION BIRMINGHAM, AL	DONATION	$1,500
MD ANDERSON CANCER CENTER HOUSTON, TX	DONATION	$1,500
O'NEAL COMPREHENSIVE CANCER CENTER AT UAB BIRMINGHAM, AL	DONATION	$5,000
RONALD MCDONALD HOUSE BIRMINGHAM, AL	DONATION	$2,500
SAMFORD UNIVERSITY BIRMINGHAM, AL	DONATION	$5,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
UDAY BHATE	DIRECTOR	—	—
PEGGY BHATE	DIRECTOR	—	—
JAYESH BHATE	DIRECTOR	—	—

Frequently Asked Questions

How large is Uday & Peggy Bhate Foundation?

As of 2024, Uday & Peggy Bhate Foundation holds $2.4M in total assets with $1.1M in annual revenue. It awarded 16 grants totaling $39K in 2024.

Where does Uday & Peggy Bhate Foundation operate?

Uday & Peggy Bhate Foundation has awarded grants in Alabama, District of Columbia, Georgia, New York, Tennessee, Texas.

What size grants does Uday & Peggy Bhate Foundation award?

In 2024, Uday & Peggy Bhate Foundation awarded 16 grants totaling $39K — an average of about $2K per grant, based on its IRS Form 990 filings.

How much is Uday & Peggy Bhate Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Uday & Peggy Bhate Foundation reported a distributable amount of $101K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.