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Foundation Source 002144 Inc. is a private corporation based in WILMINGTON, DE. The foundation received its IRS ruling in 2022. The principal officer is Foundation Source. It holds total assets of $468K. Annual income is reported at $17K. The foundation is governed by 3 officers and trustees. 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. According to available records, Foundation Source 002144 Inc. has made 10 grants totaling $59K, with a median grant of $5K. The foundation has distributed between $9K and $40K annually from 2021 to 2023. Grantmaking activity was highest in 2022 with $40K distributed across 6 grants. Individual grants have ranged from $2K to $10K, with an average award of $6K. The foundation has supported 6 unique organizations. Grants have been distributed to organizations in California and Texas. Contributions to this foundation are tax-deductible.
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.
Foundation Source 002144 Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 10 grants. Its grantmaking reaches organizations primarily in CA, TX.
Foundation Source 002144 Inc. has distributed a total of $59K across 10 grants. The median grant size is $5K, with an average of $6K. Individual grants have ranged from $2K to $10K.
Foundation Source 002144 Inc. typically selects its grantees rather than accepting unsolicited proposals.
Foundation Source 002144 Inc. is headquartered in WILMINGTON, DE. While based in DE, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Ashish C Arora | Dir | $0 | $0 | N/A |
| Mridu Arora | Dir, Pres, Sec, Treas | $0 | $0 | N/A |
| Rushil Arora | Dir | $0 | $0 | N/A |
Total Giving
$24K
Total Assets
$489K
Fair Market Value
$503K
Net Worth
$489K
Grants Paid
$9K
Contributions
N/A
Net Investment Income
$16K
Distribution Amount
$24K
Total Grants
10
Total Giving
$59K
Average Grant
$6K
Median Grant
$5K
Unique Recipients
6
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| E SortoHardship Assistance Grant | Oakland, CA | $7K | 2023 |
| Childrens Book ProjectGeneral & Unrestricted | San Francisco, CA | $2K | 2023 |
| Bay Area Crisis NurseryGeneral & Unrestricted | Concord, CA | $10K | 2022 |
| Kids & Art FoundationGeneral & Unrestricted | Burlingame, CA | $5K | 2022 |
| The Birthday Party Projectfunds To celebrate birthdays of kids living in shelters and transitional living facilities | Dallas, TX | $5K | 2021 |
| East Bay Agency For ChildrenGeneral & Unrestricted | Oakland, CA | $5K | 2021 |