Rural India Supporting Tr
- Assets
- $383.0m
- Revenue
- $66.4m
- Investments
- $77.1m
- Employees
- 0
- Location
- Farmington Hills, MI
- Founding
- 10/2009
- Data as of
- 12/2021
- EIN
- 26-6163668
Organization Overview
Rural India Supporting Tr, operating under the name Hans Charitable Supporting Trust, is located in Farmington Hills, MI. The organization was established in 2009. According to its NTEE Classification (Q11) the organization is classified as: Single Organization Support, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hans Charitable Supporting Trust is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Hans Charitable Supporting Trust generated $66.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.2% each year . All expenses for the organization totaled $157.6m during the year ending 12/2021. While expenses have increased by 21.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Hans Charitable Supporting Trust has awarded 57 individual grants totaling $127,532,621. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE QUALITY OF LIFE FOR THE CITIZENS OF INDIA BY PROVIDING GRANTS THAT ADVANCE PUBLIC HEALTH, ECONOMIC OPPORTUNITY, AND EDUCATION IN INDIA.
Describe the Organization's Program Activity:
THE RURAL INDIA SUPPORTING TRUST ("RIST") WORKS TO IMPROVE QUALITY OF LIFE FOR THE CITIZENS OF INDIA BY PROVIDING GRANTS THAT ADVANCE PUBLIC HEALTH, ECONOMIC OPPORTUNITY, AND EDUCATION IN INDIA. IN CALENDAR YEAR 2021, RIST'S GRANTMAKING FOCUSED ON ORGANIZATIONS SERVING INDIVIDUALS IN ECONOMICALLY CHALLENGED POSITIONS AND PROGRAMS THAT HAVE THE POTENTIAL TO POSITIVELY AFFECT INDIAN SOCIETY AT LARGE. TO ACHIEVE ITS MISSION, RIST COLLABORATES WITH LOCAL GOVERNMENTS, PUBLIC AND PRIVATE ORGANIZATIONS AND OTHER FUNDING ENTITIES TO WORK ACROSS MANY SECTORS TO ENSURE EQUALITY AND ACCESS TO SOCIAL SERVICES AND OTHER NECESSITIES FOR A DIGNIFIED LIFE. IN CALENDAR YEAR 2021, RIST SUCCESSFULLY PROVIDED FUNDING TO: COMBAT VIOLENCE AGAINST WOMAN AND CHILDREN, PROVIDE HEALTHCARE SERVICES TO INDIVIDUALS UNABLE TO OBTAIN SERVICES IN REMOTE LOCATIONS OF THE COUNTRY OR BECAUSE OF THEIR FINANCIAL SITUATION, ASSIST LOCAL FARMERS IN REJUVENATING THEIR DEGRADED LAND, SUPPORT PEOPLE WITH DISABILITIES IN GAINING THEIR INDEPENDENCE AND WORK WITH RURAL COMMUNITIES IN THE AREAS OF LIVELIHOOD EXPANSION AND ECONOMIC DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shweta Rawat Director, Secretary | OfficerTrustee | 25 | $0 |
Ranjeet Singh Director, Treasurer | OfficerTrustee | 5 | $0 |
Indu Rawat Trustee | OfficerTrustee | 1 | $0 |
Neeraj Sharma Director | Trustee | 1 | $0 |
Prem Kumar Narula Director | Trustee | 1 | $0 |
Kadambri Pathak Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hans Management Company Inc Prof. Srvc. Provider | 12/30/21 | $903,750 |
Fleming Petenko Llc Legal Services | 12/30/21 | $389,750 |
Hasson Law Group Llp Legal Services | 12/30/21 | $181,430 |
Iconiq Capital Llc Invest. Mgmt. Srvc. | 12/30/21 | $156,568 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $251 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $251 |
| Total Program Service Revenue | $0 |
| Investment income | $13,410,307 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $52,750,743 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $66,367,375 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $115,146,595 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $38,637,245 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $903,750 |
| Fees for services: Legal | $602,914 |
| Fees for services: Accounting | $10,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $589,328 |
| Fees for services: Other | $529,579 |
| Advertising and promotion | $0 |
| Office expenses | $5,530 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,560 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $715 |
| All other expenses | $8,678 |
| Total functional expenses | $157,566,926 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $17,424,225 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $52,940 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $256,873,714 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $250,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $31,258,872 |
| Investments—other securities | $77,120,391 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $382,980,142 |
| Accounts payable and accrued expenses | $350,013 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $350,013 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $382,630,129 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $382,980,142 |
Grants Awarded
Over the last fiscal year, Rural India Supporting Tr has awarded $115,146,595 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
Farmington Hills, MI | | $110,000,000 |
Washington, DC | | $1,094,506 |
Harrisburg, PA | | $788,980 |
Stamford, CT | | $656,905 |
New York, NY | | $600,761 |
Bronx, NY | | $548,659 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rural India Supporting Tr Farmington Hills, MI | $382,980,142 | $66,367,375 |
Akesis Health Inc Solon, OH | $4,557,086 | $3,131,670 |
Coar Peace Mission Wickliffe, OH | $943,239 | $817,257 |
Latvian 50 Year Occupation Museum Fund Support Group Chardon, OH | $7,057,151 | $675,248 |
U S Friends Of The Menachem Begin Heritage Foundation Inc Indianapolis, IN | $1,667,871 | $2,173,936 |
Hope Water International Rochester Hills, MI | $135,760 | $356,699 |
Mobility Ministries Inc Wheatfield, IN | $537,387 | $212,509 |
Rotary District 6400 Foundation Plymouth, MI | $81,074 | $143,359 |
Maya Indian Missions Inc Adrian, MI | $4,288,445 | $203,653 |
Friends Of Education Exchange Ltd Ann Arbor, MI | $204,141 | $0 |
Fred W Sanborn Trust Uw Toledo, OH | $1,075,164 | $98,090 |
Horace A Moses Trust Fbo American Foundation For The Overseas Blind Brooklyn, OH | $405,706 | $52,839 |