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Lotus Foundation is a private trust based in SAN JOSE, CA. The foundation received its IRS ruling in 2013. The principal officer is Bbsi Preferred Payroll. It holds total assets of $4.4M. Annual income is reported at $107K. Total assets have grown from N/A in 2012 to $4.4M in 2024. The foundation is governed by 2 officers and trustees. Community religious administration and support. The foundation also paid for legal support involving an irs audit. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2015 to 2024. According to available records, Lotus Foundation has made 1 grants totaling $19K, with a median grant of $19K. Contributions to this foundation are tax-deductible.
Community religious administration and support.
Expenses: $132K
Prakash and paresh traveled to india. They visited the school and spoke with the administration. They obtained a list of students, their needs, and decided to donate towards their schooling expenses (supplies, books, fees, and housing).
Expenses: $49K
Community religious administration and support. The foundation also paid for legal support involving an irs audit. Based on available records, the foundation has funded 1 grants.
Lotus Foundation has distributed a total of $19K across 1 grants. The median grant size is $19K, with an average of $19K. Individual grants have ranged from $19K to $19K.
Lotus Foundation typically selects its grantees rather than accepting unsolicited proposals.
Lotus Foundation is headquartered in SAN JOSE, CA.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Paresh Patel | TRUSTEE | $62K | $0 | $62K |
| Prakash Patel | TRUSTEE | $62K | $0 | $62K |
Total Giving
N/A
Total Assets
$4.4M
Fair Market Value
N/A
Net Worth
$4.4M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
1
Total Giving
$19K
Average Grant
$19K
Median Grant
$19K
Unique Recipients
1
Most Common Grant
$19K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Swaminarayan VidyapithHIGHER EDUCATION | Karamsad | $19K | 2023 |
MENLO PARK, CA
LOS ANGELES, CA
PALO ALTO, CA