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Bhanu Manglani & Family Foundation is a private corporation based in NEW YORK, NY. The foundation received its IRS ruling in 2006. The principal officer is Navin Maglani. It holds total assets of $697K. Annual income is reported at $147K. Total assets have decreased from $953K in 2011 to $639K in 2023. 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 2021 to 2023. The foundation primarily funds organizations in Alabama and Missouri. According to available records, Bhanu Manglani & Family Foundation has made 18 grants totaling $131K, with a median grant of $5K. Annual giving has decreased from $78K in 2022 to $53K in 2023. Individual grants have ranged from $752 to $15K, with an average award of $7K. The foundation has supported 8 unique organizations. Grants have been distributed to organizations in New York and Missouri and New Jersey. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$10K
Average Grant
$9K
Largest Grant
$15K
Based on 5 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.
Bhanu Manglani & Family Foundation 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 NY, MO, NJ.
Bhanu Manglani & Family Foundation has distributed a total of $131K across 18 grants. The median grant size is $5K, with an average of $7K. Individual grants have ranged from $752 to $15K.
Bhanu Manglani & Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Bhanu Manglani & Family Foundation is headquartered in NEW YORK, NY. While based in NY, the foundation distributes grants to organizations across 3 states.
Officer and trustee information is not yet available for this foundation. This data is typically reported in Part VIII of the 990-PF filing.
Total Giving
$56K
Total Assets
$639K
Fair Market Value
$1.2M
Net Worth
$639K
Grants Paid
$53K
Contributions
N/A
Net Investment Income
$24K
Distribution Amount
$33K
Total: N/A
Total Grants
18
Total Giving
$131K
Average Grant
$7K
Median Grant
$5K
Unique Recipients
8
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Pkd FoundationSUPPORT CAUSE | Kansas City, MO | $15K | 2023 |
| Ucsf FoundationSUPPORT CAUSE | San Fancisco | $15K | 2023 |
| Ved MandirSUPPORT CUASE | Milltown, NJ | $12K | 2023 |
| Childrens Hope IndiaSUPPORT CASUE | Searingtown, NY | $10K | 2023 |
| Sadhu Vswani CenterTO SUPPPORT THE CASUE | Closter, NJ | $1K | 2023 |
| Shiv Shakti PeethTO SUPPORT CAUSE | Hollis, NY | $752 | 2023 |
| Jignasu Rambapa TrustCAS DONATION | London | $5K | 2022 |
| Satya Narayan MandirCASH DONATION | Flushing, NY | $1K | 2022 |