NonprofitsIit Bhu Foundation Inc

Education

Iit Bhu Foundation Inc

LOUDONVILLE, NY

Total revenue

$1.3M

Total expenses

$307K

Net assets

$5.2M

Grants received

$2.2M

8 grants

EIN

853447003

Tax year

2024

Mission

The foundation is a u.s. "friends of" entity formed by individuals who wish to advance and support the work of the indian institute of technology (banaras hindu university, "iit (bhu)"), a public technical and research university located in varanasi, uttar pradesh, india, which is expected to be the principal (although not necessarily exclusive) grantee of funds distributed by the organization.

Financials

FY 2024

Revenue

Contributions & grants$1.1M
Program service revenue
Investment income$149K
Other revenue$15K
Total revenue$1.3M

Expenses

Grants paid$185K
Salaries & benefits
Fundraising$38K
Other expenses$123K
Total expenses$307K
Total assets$5.2M
Net assets$5.2M

People

6 listed

NameRoleCompensation

SAGAR BHIMAVARAPU

CEO

Board

$75K

10 hrs/wk

VIKASH AGARWAL

SECRECTARY

Board

1 hrs/wk

NARESH JAIN

CHAIRMAN

Board

1 hrs/wk

SOUMYO SARKAR

DIRECTOR

Board

1 hrs/wk

RAMESH SRINIVASAN

DIRECTOR

Board

1 hrs/wk

RAJ YAVATKAR

BOARD MEMBER

Board

1 hrs/wk

Grants received

Showing 8 of 8

FromAmountPurposeYear
$95K
For grant recipient's exempt purposes
2023
$5K
GENERAL CONTRIBUTION
2023
$13K
GENERAL CONTRIBUTION
2022
$1K
PROGRAM/OPERATING SUPPORT
2022
$1M
For grant recipient's exempt purposes
2021
$1M
For grant recipient's exempt purposes
2021
$25K
GENERAL CONTRIBUTION
2021

Funded by

$2.2M from 4 funders · 8 grants · 2021–2023

Fidelity Investments Charitable Gift Fund

$2.1M · 3 grants · 2021–2023

Agrawal Family Foundation Inc

$43K · 3 grants · 2021–2023

Details

EIN853447003
NTEE codeB12
Subsection03
Ruling date2021-06
Formed2020
Employees0
Volunteers0
IIT BHU FOUNDATION INC — Mission, Financials & Grants Received | Grantivo