NonprofitsBanai Foundation

Philanthropy, Voluntarism & Grantmaking Foundations

Banai Foundation

RESTON, VA

Total revenue

Total expenses

$92K

Net assets

$459K

Grants received

$28K

3 grants

EIN

871315358

Tax year

2024

Mission

The Banai Foundations mission is to empower and support individuals through education community development and financial assistance. By providing scholarships grants and resources the foundation aims to create opportunities for personal and professional growth particularly for immigrants underserved communities and those in need of educational support.

Programs

2 programs

Provided 2 month rent for a family that was behind their rent during Oct - November 2024

Grants: $5K

Lado International grant given on behalf of the banai foundation to help open english learning opportunity to families that are in the US.

Grants: $50K

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue
Investment income
Other revenue
Total revenue

Expenses

Grants paid$88K
Salaries & benefits
Fundraising
Other expenses$4K
Total expenses$92K
Total assets$551K
Net assets$459K

People

2 listed

NameRoleCompensation

Ali Banai

President

Board

10 hrs/wk

Mehdi Banai

Director

Board

25 hrs/wk

Grants received

Showing 3 of 3

FromAmountPurposeYear
$6K
GENERAL SUPPORT
2024
$2K
MATCHING CONTRIBUTION (GENERAL OPERATING SUPPORT)
2024
$21K
UNRESTRICTED
2023

Funded by

$28K from 3 funders · 3 grants · 2023–2024

Network For Good

$21K · 1 grant · 2023

Paypal Charitable Giving Fund

$6K · 1 grant · 2024

Jpmorgan Chase Foundation

$2K · 1 grant · 2024

Details

EIN871315358
NTEE codeT50
Subsection03
Ruling date2021-12
Formed2022
Employees0
Volunteers4
BANAI FOUNDATION — Mission, Financials & Grants Received | Grantivo