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Also known as: FORMERLY KNOWN AS FOUNDACION FARA
Foundacion Fara is a private corporation based in AUSTIN, TX. The foundation received its IRS ruling in 2011. It holds total assets of $18.3M. Annual income is reported at $3.1M. THE FOUNDATION OPERATES A HEALTH CLINIC FOR LOW-INCOME INDIVIDUALS IN NICARAGUA THAT PROMOTES AWARENESS AND EDUCATION IN HEALTH; TREATING WOMEN'S DISEASES WITH EMPHASIS ON PREVENTION, DETECTION AND TREATMENT OF INGURIES RELATED TO PRE-MALIGNANT CERVICAL CANCER; PROVIDING GENERAL MEDICAL AND DENTAL SERVICES AND COORDINATE SPECIALIZED FOREIGN MEDICAL TEAMS. According to available records, Foundacion Fara has made 32 grants totaling $152K, with a median grant of $3K. Annual giving has grown from $10K in 2020 to $112K in 2022. Individual grants have ranged from $500 to $15K, with an average award of $5K. The foundation has supported 11 unique organizations. Grants have been distributed to organizations in Texas and Louisiana. Contributions to this foundation are tax-deductible.
THE FOUNDATION OPERATES A HEALTH CLINIC FOR LOW-INCOME INDIVIDUALS IN NICARAGUA THAT PROMOTES AWARENESS AND EDUCATION IN HEALTH; TREATING WOMEN'S DISEASES WITH EMPHASIS ON PREVENTION, DETECTION AND TREATMENT OF INGURIES RELATED TO PRE-MALIGNANT CERVICAL CANCER; PROVIDING GENERAL MEDICAL AND DENTAL SERVICES AND COORDINATE SPECIALIZED FOREIGN MEDICAL TEAMS.
Expenses: $405K
THE FOUNDATION OPERATES A HEALTH CLINIC FOR LOW-INCOME INDIVIDUALS IN NICARAGUA THAT PROMOTES AWARENESS AND EDUCATION IN HEALTH; TREATING WOMEN'S DISEASES WITH EMPHASIS ON PREVENTION, DETECTION AND TREATMENT OF INGURIES RELATED TO PRE-MALIGNANT CERVICAL CANCER; PROVIDING GENERAL MEDICAL AND DENTAL SERVICES AND COORDINATE SPECIALIZED FOREIGN MEDICAL TEAMS. Based on available records, the foundation has funded 32 grants. Its grantmaking reaches organizations primarily in TX, LA.
Foundacion Fara has distributed a total of $152K across 32 grants. The median grant size is $3K, with an average of $5K. Individual grants have ranged from $500 to $15K.
Foundacion Fara typically selects its grantees rather than accepting unsolicited proposals.
Foundacion Fara is headquartered in AUSTIN, TX. While based in TX, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Manny Farahani | PRESIDENT | $0 | $0 | $0 |
| Daniel Farahani | DIRECTOR | $0 | $0 | $0 |
| William T Beil | DIRECTOR | $0 | $0 | $0 |
| Leila Farahani | DIRECTOR | $0 | $0 | $0 |
| Maria Farahani | EXECUTIVE DIR. | $0 | $0 | $0 |
Total Giving
$795K
Total Assets
$15.9M
Fair Market Value
$16.2M
Net Worth
$15.9M
Grants Paid
$135K
Contributions
$2.8M
Net Investment Income
$641K
Distribution Amount
$0
Total: $1.3M
Total Grants
32
Total Giving
$152K
Average Grant
$5K
Median Grant
$3K
Unique Recipients
11
Most Common Grant
$3K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Inkind IncSUPPORT | Austin, TX | $15K | 2022 |
| Ramjaane Josua FoundationSUPPORT | Manor, TX | $5K | 2022 |
| Cafe ReconcileSUPPORT | New Orleans, LA | $3K | 2022 |
| Ut Austin-Literacy FirstSUPPORT | Austin, TX | $3K | 2022 |
| Academy 4SUPPORT | Fort Worth, TX | $3K | 2022 |
| Steve Bowers |
| DIRECTOR |
| $0 |
| $0 |
| $0 |
| Michael Grimes | TREASURER | $0 | $0 | $0 |
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| 2016 | 990PF | View |
| Healthy Hive FoundationSUPPORT |
| Austin, TX |
| $500 |
| 2022 |
| American Red CrossSupport | Austin, TX | $10K | 2021 |
| Avance IncSupport | San Antonio, TX | $5K | 2021 |
| Ut Austin - Literacy FirstSupport | Austin, TX | $5K | 2021 |
| Meals On WheelsSupport | Austin, TX | $3K | 2021 |
| UnicefSupport | Dallas, TX | $5K | 2020 |
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