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Bharat Family Foundation

Annual Giving
$1.3M

Bharat Family Foundation

Quick Stats

  • Annual Giving: $1,262,998 (2024)
  • Total Assets: $31,490,396 (2024)
  • Founded: 2009
  • Geographic Focus: Not publicly disclosed
  • EIN: 20-8037904
  • Location: Wilmington, Delaware

Contact Details

Bharat Family Foundation
Wilmington, Delaware

Note: The foundation does not maintain a public website or published contact information. They do not accept unsolicited grant applications.

Overview

The Bharat Family Foundation is a private grantmaking foundation established in April 2009 and based in Wilmington, Delaware. Led by Krishna Bharat, the foundation has grown substantially since its inception, with total assets reaching over $31 million by 2024. The foundation's revenue sources include contributions, asset sales, and dividend income, demonstrating a diversified financial approach. In recent years, the foundation has distributed over $1.2 million annually in charitable giving. The foundation has historically utilized donor-advised funds, particularly through Fidelity Charitable, as a vehicle for its philanthropic activities. In 2018, for example, the entirety of its $687,352 in grants went to Fidelity Charitable. The foundation operates as a private family foundation with no paid staff, with decisions made at the trustee level.

Funding Priorities

Grant Programs

The Bharat Family Foundation does not publish specific grant programs or funding priorities. Their grant-making appears to be conducted through donor-advised funds, which allows for flexible charitable giving across various causes without public disclosure of specific recipients or focus areas.

Priority Areas

The foundation has not publicly disclosed specific priority areas or causes they support. Their use of donor-advised funds suggests they may support multiple causes or prefer to maintain privacy regarding their philanthropic interests.

What They Don't Fund

No public information is available regarding exclusions or areas the foundation does not fund.

Governance and Leadership

Krishna Bharat serves as President, Director, and Secretary of the foundation. Bharat receives no compensation for his role with the foundation. While the foundation maintains a lean operational structure with no full-time employees, it has demonstrated consistent financial management and growth, with assets increasing from approximately $6.3 million in 2015 to over $31 million in 2024.

No other trustees or board members are publicly identified in available records.

Application Process & Timeline

How to Apply

This foundation does not have a public application process. The Bharat Family Foundation operates as a private family foundation and does not accept unsolicited grant applications. Their grant-making appears to be conducted primarily through donor-advised funds at Fidelity Charitable, which allows the foundation to direct charitable giving without maintaining a public application infrastructure.

Organizations cannot apply directly to this foundation for funding. Grant decisions are made at the discretion of the foundation's trustees based on their own charitable interests and initiatives.

Decision Timeline

Not applicable - the foundation does not accept applications.

Success Rates

Not applicable - the foundation does not accept applications.

Reapplication Policy

Not applicable - the foundation does not accept applications.

Application Success Factors

Since the Bharat Family Foundation does not accept unsolicited applications, traditional application success factors do not apply. Organizations interested in this foundation should note:

  • Private Foundation Structure: As a private family foundation, grant-making decisions are made internally by trustees based on their personal philanthropic interests
  • Donor-Advised Fund Model: The foundation's use of Fidelity Charitable as a grant-making vehicle in 2018 (and potentially in other years) suggests they may prefer the flexibility and administrative efficiency of donor-advised funds
  • No Public Engagement: The absence of a website, published guidelines, or contact information indicates the foundation prefers to operate privately
  • Trustee Discretion: All funding decisions rest with Krishna Bharat and any other trustees, without external input or public solicitation

Key Takeaways for Grant Writers

  • Not Open to Applications: This foundation does not accept unsolicited grant proposals and should not be targeted for standard grant applications
  • Private Operation: The foundation operates as a private family foundation with decisions made at trustee discretion
  • Donor-Advised Fund Model: Historical use of Fidelity Charitable suggests indirect grant-making through donor-advised funds
  • Substantial Resources: With over $31 million in assets and over $1.2 million in annual charitable giving, the foundation has significant capacity but limited accessibility
  • No Public Profile: The foundation maintains no website, published guidelines, or public contact information
  • Focus Energy Elsewhere: Grant writers should focus their efforts on foundations with public application processes and published funding priorities
  • Research Purposes Only: Information about this foundation is primarily useful for understanding the philanthropic landscape rather than for direct fundraising purposes

References

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