//
Work at this foundation?
Claim this profile to manage it and see interest from grant seekers.
Bains Foundation Inc. is a private corporation based in CRESSKILL, NJ. The foundation received its IRS ruling in 2010. The principal officer is Manjit S Bains. It holds total assets of $504K. Annual income is reported at $15K. Total assets have grown from $50K in 2011 to $558K in 2023. The foundation is governed by 1 officer or trustee. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. The foundation primarily funds organizations in New Jersey and New York. According to available records, Bains Foundation Inc. has made 18 grants totaling $91K, with a median grant of $5K. Annual giving has grown from $29K in 2021 to $35K in 2023. Individual grants have ranged from $1K to $15K, with an average award of $5K. The foundation has supported 9 unique organizations. The foundation primarily supports organizations in New Jersey, Massachusetts, New York, which account for 94% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$3K
Median Grant
$3K
Average Grant
$4K
Largest Grant
$8K
Based on 3 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Bains Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 18 grants. Its grantmaking reaches organizations primarily in NJ, MA, NY.
Bains Foundation Inc. has distributed a total of $91K across 18 grants. The median grant size is $5K, with an average of $5K. Individual grants have ranged from $1K to $15K.
Bains Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Bains Foundation Inc. is headquartered in CRESSKILL, NJ. While based in NJ, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Manjit Bains | TRUSTEE | $0 | $0 | N/A |
Total Giving
$37K
Total Assets
$558K
Fair Market Value
$578K
Net Worth
$558K
Grants Paid
$35K
Contributions
$59K
Net Investment Income
$13K
Distribution Amount
N/A
Total Grants
18
Total Giving
$91K
Average Grant
$5K
Median Grant
$5K
Unique Recipients
9
Most Common Grant
$3K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Aats FoundationDONATION | Beverly, MA | $10K | 2023 |
| Gurunanak MissionDONATION | Oakland, NJ | $5K | 2023 |
| Baps Charitable TrustDONATION | Robbinsville, NJ | $5K | 2023 |
| MskccDONATION | New York, NY | $5K | 2023 |
| Childrens Hope IndiaEDUCATION SHELTER FOR CHILDREN | Albertson, NY | $3K | 2023 |
| Patiala Health FoundationDONATION | Oakland, NJ | $3K | 2023 |
| Pratham UsaDONATION | Houston, TX | $5K | 2022 |
| EcefESOPHAGEAL CANCER RESEARCH | Manalapan, NJ | $3K | 2022 |
| Aiim Sonians Of AmericaDONATION | New York, NY | $1K | 2021 |