//
Also known as: Formerly Known As Foundacion Fara
Work at this foundation?
Claim this profile to manage it and see interest from grant seekers.
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. Total assets have grown from $102K in 2011 to $15.9M in 2023. The foundation is governed by 7 officers and trustees. 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 its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. Grantmaking is concentrated in Texas. 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.
Smallest Grant
$2K
Median Grant
$5K
Average Grant
$5K
Largest Grant
$10K
Based on 6 grants from the most recent 990-PF filing.
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 |
|---|---|---|---|---|
| Michael Grimes | TREASURER | $0 | $0 | N/A |
| Steve Bowers | DIRECTOR | $0 | $0 | N/A |
| Maria Farahani | EXECUTIVE DIR. | $0 | $0 | N/A |
| Leila Farahani | DIRECTOR | $0 | $0 | N/A |
| William T Beil | DIRECTOR | $0 | $0 | N/A |
| Daniel Farahani | DIRECTOR | $0 | $0 | N/A |
| Manny Farahani | PRESIDENT | $0 | $0 | N/A |
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
N/A
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 |
| 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 |