Tarsadia Foundation
Tarsadia Foundation is a private, multigenerational family foundation established in 1999 and headquartered in Newport Beach, California. Founded by B.U. Patel and Pushpa Patel—immigrant entrepreneurs from rural India who arrived in California in the 1970s and built a successful hotel business—the foundation has evolved into a trust-based philanthropy model with over $200 million in assets. The foundation operates with approximately 50 family members across three generations engaged in its philanthropic work, including a 24-member junior board of youth aged 5-21.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$201.0M
+0.0% YoY
Annual Giving
$11.5M
-5.8% YoY
Grant Count
56
-28.2% YoY
Avg Grant Size
$206K
+31.2% YoY
Mission & Focus Areas
The Tarsadia Foundation supports nonprofit organizations with programs and projects that provide educational opportunities for the underserved, support health and well-being of the community, and help to employ the employable through economic empowerment.
The foundation operates across four core impact pillars:
- Inclusive Mobility: Supports economic empowerment through microfinance, entrepreneurship support, and healthcare access
- Crises & Threats: Addresses urgent community needs
- Human Transformation: Focuses on personal and community development
- India Upliftment: Supports development initiatives in India
The foundation emphasizes unrestricted funding, long-term partnerships, and community-driven solutions, working alongside 100+ impact partners globally to "unleash human potential."
Grantmaking
Grant Range
**: $10,000 - $2,000,000
Invitation Only
**: The foundation operates an invitation-only grantmaking model. Decision timelines and success rates are not publicly disclosed.
Ready to take the next step with Tarsadia Foundation?
Geographic Focus
Where this funder awards grants
- Southern California (Orange County and Greater Los Angeles area)
- India
- Select global initiatives
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023:
- Total Assets: $200,860,544
- Total Revenue: $5,256,210
- Total Expenses: $11,492,770
- Total Liabilities: $10,400,000
- Staff: 4-6 employees
Revenue Breakdown (2023):
- Total grants and contributions: $2,510,000
- Investment income and dividends: $3,150,658
- Net gain/loss from sale of non-inventory assets: -$411,380
Tax Status: 501(c)(3) private foundation; tax-exempt since March 2000; EIN: 33-0879062
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $200,957,818 | $200,860,544 | $216,147,419 |
| Revenue | $5,311,525 | $5,256,210 | $-550,200 |
| Expenses | $10,021,493 | $11,492,770 | $20,457,976 |
| Qualifying Distributions | $12,696,126 | $13,529,844 | $16,512,322 |
| Net Investment Income | $4,774,040 | $7,157,657 | $1,019,333 |
| Distributable Amount | $15,285,012 | $10,023,156 | $12,204,332 |
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
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Maya Patel: Chief Executive Officer and Executive Chair (granddaughter of founders)
- Shirish Dayal: Executive Vice President and Executive Director
- B.U. Patel: Chairman and Founder
- Pushpa Patel: Founder
- Shivani Tarsadia: Impact Manager
- Mike Patel: Board Member
- Tushar Patel: Board Member
- Nishta Patel: Executive Board Member
- Hasina P: Founding Board Member
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BU PATEL | DIRECTOR | 12 | — |
| TUSHAR PATEL | DIRECTOR | 2 | — |
| SHIRISH DAYAL | TREASURER, SECRETARY & EXECUTIVE VP | 32 | $206,000 |
| MAYA PATEL | EXECUTIVE CHAIR & CEO | 30 | $309,000 |
| MAYUR PATEL | DIRECTOR | 2 | — |
Recent News & Activity
Recent developments and announcements
The foundation has been recognized for its innovative approach to family philanthropy and trust-based grantmaking. It was honored with a Catalyst 2030 award for trust-based philanthropy. The foundation has partnered with other organizations on major initiatives, including a collaboration with the WES Mariam Assefa Fund to announce the Opportunity Challenge, a $1 million initiative to uplift immigrant communities. The foundation has committed to providing over Rs 500 crore (approximately $60 million USD) in grants to Indian NGOs over a 10-year period in partnership with Dasra.
WES Mariam Assefa Fund and the Tarsadia Foundation AnnounceSubject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
Cottage Health
SANTA BARBARA, CA
Assets
$172.1M
Grants
6
Total Given
$179K
International Right of Way Association
GARDENA, CA
Assets
$5.7M
Grants
1
Total Given
$9K
Quince Interfaith Housing Corporation
LEMON GROVE, CA
Assets
—
Grants
0
Total Given
—
William & Lillian Schwartz Charitable Foundation
LA JOLLA, CA
Assets
$325K
Grants
1
Total Given
$3K
Covia Foundation
GLENDALE, CA
Assets
$15.2M
Grants
1
Total Given
$4.8M
Yale Ave Housing Inc
LAKE FOREST, CA
Assets
$25K
Grants
1
Total Given
$40K
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with Tarsadia Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching Tarsadia Foundation to a real strategy.