Bajaj Family Foundation Inc
- Assets
- $1.5m
- Revenue
- -$61.0k
- Investments
- $515.9k
- Employees
- 0
- Location
- Potomac, MD
- Founding
- 11/1997
- Data as of
- 11/2023
- EIN
- 52-2007925
Organization Overview
Bajaj Family Foundation Inc is located in Potomac, MD. The organization was established in 1997. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bajaj Family Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2020, Bajaj Family Foundation Inc has awarded 41 individual grants totaling $349,501. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken S Bajaj Director | 2 | $0 | |
Kavelle R Bajaj President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,016 |
| Dividends & Interest | $35,445 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$98,483 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$61,022 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,789 |
| Total operating and administrative expenses | $5,789 |
| Contributions, gifts, grants paid | $52,900 |
| Total expenses and disbursements | $58,689 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,990 |
| Savings and temporary cash investments | $903,392 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,509,281 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Bajaj Family Foundation Inc has awarded $52,900 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN DIABETES ASSOCIATION PURPOSE: GENERAL USE | $2,000 |
AMERICAN HEART ASSOCIATION PURPOSE: GENERAL USE | $2,500 |
COVENANT HOUSE PURPOSE: GENERAL USE | $1,000 |
DC FOOD BANK PURPOSE: GENERAL USE | $1,000 |
DOCTORS WITHOUT BORDERS PURPOSE: GENERAL USE | $1,000 |
GREATER WASHINGTON ASSOCIATION OF PHYSICIANS OF INDIAN ORIGIN PURPOSE: GENERAL USE | $5,000 |