2024-11-15T19:03:18-06:00 2023-12-31 Foundation Source 3333 New Hyde Park Rd Ste 406 New Hyde Park NY 11042 990PF 2023-01-01 205345499 The Ramesh and Kalpana Bhatia Family Foundation % Foundation Source RAME 8008391754 Foundation Source 501 Silverside Rd Wilmington DE 198091377 Anita Bhatia Executive Director 8008391754 2024-11-15 true true Jeffrey D Haskell P01345770 8008391754 2023 2024-10-15 13:58:12Z X 10353059 X 2932979 28428 28428 208252 208252 427862 7718557 855951 50 50 3597571 1092681 149500 149500 161117 161117 86768 86768 95589 43089 52500 10236 436 18443 18443 55153 200 54953 576806 43725 523281 6827689 6827689 7404495 43725 7350970 -3806924 1048956 345464 395905 395905 3698 8439912 5779803 6322824 5042170 3795193 3634330 13831244 9970901 10353059 67885 67885 6137 X 13763359 9964764 13763359 9964764 13831244 9970901 13763359 -3806924 9956435 53419 9903016 Publicly-traded Securities 7718557 6862606 855951 855951 855951 14580 14580 14580 13848 0 4800 18648 X 0 4068 4068 false false false false false false true true true TX true false false false false true Foundation Source 8008391754 501 Silverside Road Suite 123 Wilmington DE 198091377 false false true false true false false false false false false false false false false false false false false false false false Anita Bhatia Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, Pres 15.0 77500 11337 0 Niraj Bhatia Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir 15.0 72000 11337 0 Ramesh Bhatia Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir 5.0 0 0 0 10607930 570412 0 11178342 0 11178342 167675 11010667 550533 550533 14580 14580 535953 535953 535953 7350970 0 0 0 0 7350970 535953 135580 4735496 4791355 3309275 12971706 7350970 535953 6815017 19786723 0 19786723 135580 4735496 4791355 3309275 6815017 Niraj Bhatia Ramesh Bhatia X ABILITY CONNECTION TEXAS 7880 BENT BRANCH DR STE 150 IRVING TX 75063 N/A PC Expansion of Meaningful Day Services 250000 AUSTENS AUTISTIC ADVENTURES 101 E SW PKWY STE 115 LEWISVILLE TX 75067 N/A PC Artists on the Block 1000 BLACK DOWN SYNDROME ASSOCIATION 204 ALVERSTONE ST DESOTO TX 75115 N/A PC General & Unrestricted 2000 CENTER FOR PARTNERSHIP STUDIES 25700 SHAFTER WAY CARMEL CA 93923 N/A PC Love the Skin You're In led by Brie Mathers and Girls Resiliency Education Fund 25000 COMMUNITIES IN SCHOOLS OF GREATER TARRANT COUNTY I 5601 BRIDGE ST SUITE 501 FORT WORTH TX 76112 N/A PC General & Unrestricted 154 CORNERSTONE HOUSING FOR ADULTS WITH DISABILITIES 13034 SATICOY ST NORTH HOLLYWOOD CA 91605 N/A PC Landmark Naming Gift 2000000 DALLAS INDIAN LIONS CLUB CHARITIES INC 6220 CHASE OAKS BLVD PLANO TX 75023 N/A PC Charitable Event 5000 DESI RAINBOW PARENTS & ALLIES 3 RONEY RD EDISON NJ 08820 N/A PC Charitable Event 2500 GX3 FOUNDATION 8992 PRESTON RD 110-113 FRISCO TX 75034 N/A PC 2023 Thanksgiving Program - Baskets for Good 5000 HOLLYROD FOUNDATION 1999 AVE OF THE STARS STE 2500 LOS ANGELES CA 90067 N/A PC General & Unrestricted 1015 JAGADGURU KRIPALUJI YOG 7405 STONEY POINT DR PLANO TX 75025 N/A PC Charitable Event 10000 JORDAN ELIZABETH HARRIS FOUNDATION 2830 HULEN ST STE 139 FORT WORTH TX 76109 N/A PC 2nd Annual Hope Squad Conference 10000 MYCHALS LEARNING PLACE 4901 W ROSECRANS AVE HAWTHORNE CA 90250 N/A PC "Purple Abstract" Painting for Display at Mychal's Learning Place 400 NATIONAL TUBEROUS SCLEROSIS ASSOCIATION INC 801 ROEDER RD STE 750 SILVER SPRING MD 20910 N/A PC Anya's Accelerator Transforming TAND Translational Research 2300000 NATIONAL TUBEROUS SCLEROSIS ASSOCIATION INC 801 ROEDER RD STE 750 SILVER SPRING MD 20910 N/A PC Charitable Event 28000 NONSPEAKING COMMUNITY CONSORTIUM 722 GRANT ST HERNDON VA 20170 N/A PC General & Unrestricted 2500 OCEANOGRAPHIC TEACHING STATIONS INC PO BOX 1 MANHATTAN BCH CA 90267 N/A PC General & Unrestricted 10000 SAKHI FOR SOUTH ASIAN SURVIVORS INC PO BOX 1333 NEW YORK NY 10008 N/A PC The Ramesh and Kalpana Bhatia Family Foundation's South Asian Safe Families Initiative 300000 SEVA DANCE COMPANY 20909 W 96TH TER LENEXA KS 66220 N/A PC 2023 Bollywood Dance Show 2500 SKECHERS FOUNDATION 228 MANHATTAN BEACH BLVD MANHATTAN BEACH CA 90266 N/A PC General & Unrestricted 120 SOCIAL GOOD FUND INC PO BOX 5473 RICHMOND CA 94805 N/A PC South Asian SOAR 250000 THE FRIENDSHIP FOUNDATION 2108 VAIL AVE REDONDO BEACH CA 90278 N/A PC Sponsor 6 weeks of Summer Camp 5000 THE FRIENDSHIP FOUNDATION 2108 VAIL AVE REDONDO BEACH CA 90278 N/A PC Bhatia College for Professional Development 1500000 TO BE LIKE ME PO BOX 600101 DALLAS TX 75360 N/A PC 2023 North Texas Giving Day 2500 TO BE LIKE ME PO BOX 600101 DALLAS TX 75360 N/A PC Website and Virtual Programming 10000 TOGETHER WE RISE CORPORATION 560 W LAMBERT RD BREA CA 92821 N/A PC General & Unrestricted 5000 WOMEN MAKE MOVIES INC 231 W 29TH ST STE 1006 NEW YORK NY 10001 N/A PC General & Unrestricted 100000 6827689 14 28428 14 208252 18 427862 CLASS ACTION LAWSUIT PROCEEDS 01 50 664592 664592 false false false false false false false false false false X X 1 Bhatia Ramesh 667 Creekway Drive Irving TX 76053 2932979 X X 1 AMGEN INC AMGN, 231 sh. 55805 2023-02-08 1 MERCK & CO INC MRK, 296 sh. 31500 2023-02-08 1 MERCK & CO INC MRK, 867 sh. 92266 2023-02-08 1 CARDINAL HEALTH INC CAH, 231 sh. 18338 2023-02-08 1 CARDINAL HEALTH INC CAH, 421 sh. 33421 2023-02-08 1 CONOCOPHILLIPS COP, 1120 sh. 124790 2023-02-08 1 CAVCO INDS INC DEL CVCO, 59 sh. 16857 2023-02-08 1 PIPER JAFFRAY COS COM PIPR, 104 sh. 15915 2023-02-08 1 GENUINE PARTS COMPANY GPC, 417 sh. 70406 2023-02-08 1 PAYLOCITY CORP PCTY, 77 sh. 17455 2023-02-08 1 PARKER HANNIFIN CP PH, 143 sh. 49984 2023-02-08 1 FEDERAL SIGNAL CORP FSS, 330 sh. 17701 2023-02-08 1 RBC BEARINGS INCORPORATED RBC, 72 sh. 17045 2023-02-08 1 HEXCEL CP DELAWARE HXL, 221 sh. 15525 2023-02-08 1 NEUROCRINE BIOSCIENCES, INC NBIX, 142 sh. 14716 2023-02-08 1 NORDSON CP NDSN, 82 sh. 20048 2023-02-08 1 COMFORT SYSTEMS USA INC FIX, 61 sh. 7359 2023-02-08 1 COMFORT SYSTEMS USA INC FIX, 70 sh. 8445 2023-02-08 1 GRAND CANYON EDUCATION, INC LOPE, 84 sh. 9498 2023-02-08 1 CHUBB LIMITED CB, 389 sh. 83841 2023-02-08 1 KINSALE CAPITAL GROUP INC KNSL, 67 sh. 20237 2023-02-08 1 VICI PROPERTIES INC VICI, 1530 sh. 52877 2023-02-08 1 VICI PROPERTIES INC VICI, 741 sh. 25609 2023-02-08 1 NUTRIEN LTD NTR, 889 sh. 70800 2023-02-08 1 PHILLIPS 66 PSX, 1046 sh. 107157 2023-02-08 1 ABBVIE INC ABBV, 297 sh. 43187 2023-02-08 1 GLOBUS MEDICAL INC GMED, 216 sh. 16798 2023-02-08 1 KRAFT HEINZ CO KHC, 2520 sh. 99212 2023-04-25 1 KONTOOR BRANDS INC KTB, 1086 sh. 49348 2023-04-25 1 RAYTHEON TECHNOLOGIES CORP RTX, 1466 sh. 148535 2023-04-25 1 INGERSOLL-RAND INC IR, 217 sh. 11936 2023-04-25 1 BOOZ ALLEN HAMILTON HOLDING CORPORATION BAH, 122 sh. 11748 2023-04-25 1 JAZZ PHARMACEUTICALS INC JAZZ, 94 sh. 13468 2023-04-25 1 PERFORMANCE FOOD GROUP COMPANY PFGC, 174 sh. 10598 2023-04-25 1 HOLOGIC, INC HOLX, 131 sh. 11150 2023-04-25 1 TEXAS ROADHOUSE, INC TXRH, 208 sh. 35920 2023-04-25 1 PORTLAND GEN ELEC POR, 217 sh. 10999 2023-04-25 1 INGREDION INC INGR, 875 sh. 91293 2023-04-25 1 MOLSON COOR BREW CO CL B TAP, 1096 sh. 64028 2023-04-25 1 PACKAGING CORP AMER PKG, 336 sh. 45691 2023-04-25 1 EAGLE MATERIALS INC EXP, 112 sh. 16341 2023-04-25 1 MANHATTAN ASSOCIATES INC MANH, 126 sh. 19352 2023-04-25 1 OGE ENERGY CORP OGE, 195 sh. 7392 2023-04-25 1 IDACORP INC HLDG CO IDA, 129 sh. 14474 2023-04-25 1 ASTRAZENECA AZN, 81 sh. 6165 2023-04-25 1 LANCASTER COLONY CORPORATION LANC, 86 sh. 17682 2023-04-25 1 GENUINE PARTS COMPANY GPC, 114 sh. 18929 2023-04-25 1 DARDEN RESTAURANTS INC DRI, 96 sh. 14181 2023-04-25 1 KINDER MORGAN INC KMI, 2982 sh. 52185 2023-04-25 1 INTERNATIONAL BUSINESS MACHINES IBM, 496 sh. 62236 2023-04-25 1 PEPSICO INC PEP, 226 sh. 42535 2023-04-25 ABBVIE INC NOTE CALL MAKE WHOL 33356 31006 AIRCASTLE LTD - 4.250% - 06/15 171797 161975 AMERICAN TOWER CORP - 3.550% - 48171 47978 ANHEUSER BUSCH - 4.000% - 04/1 998 988 ANTHEM INC NOTE - 4.101% - 03/ 36835 36403 AT&T INC - 1.650% - 02/01/2028 84586 85560 BAKER HUGHES LLC - 3.337% - 12 106157 101380 BANK AMER CORP - 3.559% - 04/2 136103 132865 BAT CAPITAL CORP MTN CALL MAKE 81609 85082 BOEING CO - 4.875% - 05/01/202 27234 25872 BOEING CO - 5.040% - 05/01/202 110909 102956 BP CAP MARKETS - 3.119% - 05/0 61269 57090 BP CAP MKTS - 3.017% - 01/16/2 972 959 CAPITAL ONE FINL CORP NOTE - 4 34105 34738 CIGNA CORP NEW SER C NOTE - 3. 164431 153299 CITIGROUP INC - 3.200% - 10/21 131882 120241 CROWN CASTLE INTL CORP - 4.450 49816 46307 DEUTSCHE BK AG NY NOTE - 2.552 130598 137793 DISCOVER FINL SVCS NOTE - 4.50 138802 134286 DISNEY WALT CO NOTE - 2.200% - 100571 97216 DOMINION GAS HLDGS LLC - 3.600 26283 25557 EBAY INC - 1.900% - 03/11/2025 134700 127834 EDISON CO - 5.850% - 11/01/202 1018 1044 ENTERGY LA LLC - 3.250% - 04/0 1828 1882 EQUITABLE HLDGS INC SER B NOTE 99265 96639 ESSEX PORTFOLIO L P - 3.625% - 97957 87870 FIFTH THIRD BANCORP NOTE CALL 6043 6229 GENERAL MTRS FINL COINC NOTE - 63524 62756 GLOBAL PAYMENTS INC NOTE - 2.6 129348 131783 GOLDMAN SACHS - 3.691% - 06/05 24931 24859 GOLDMAN SACHS GROUP INC - 1.09 1890 1842 GOLDMAN SACHS GROUP INC - 3.85 4058 3891 GOLDMAN SACHS GROUP INC NOTE - 69415 64503 HOST HOTELS &RESORTSLP - 3.875 51468 52717 MICRON TECHNOLOGY INC - 4.185% 29749 29444 MIDAMERICAN ENERGY CO - 3.100% 71933 65034 MORGAN STANLEY - 3.625% - 01/2 146517 132906 MORGAN STANLEY MTN - 0.985% - 970 920 MPLX LP - 1.750% - 03/01/2026 38282 37434 NETAPP INC NOTE - 1.875% - 06/ 17580 17117 NETAPP INC NOTE CALL MAKE WHOL 5725 5576 NXP B V / NXP FDG LLC SER B NO 109511 109787 ORACLE CORP - 2.950% - 05/15/2 66766 63097 ORACLE CORP NOTE - 3.250% - 11 5583 5702 PAYPAL HOLDINGS INC - 2.650% - 110377 100728 PHILIP MORRIS INTL INC NOTE - 13323 13235 SABINE PAS - 5.000% - 03/15/20 40114 40189 SABINE PASS LIQUEFACTION - 5.6 33890 34069 SANTANDER HLDGS - 4.500% - 07/ 41918 40558 SANTANDER HOLDINGS USA INC SER 134471 124351 SOUTHWEST AIRLS CO - 5.125% - 12327 12060 SOUTHWEST AIRLS CO - 5.250% - 95053 89983 STRYKER CORP - 3.650% - 03/07/ 1993 1936 VIRGINIA ELEC - 3.500% - 03/15 146958 133464 VMWARE INC - 3.900% - 08/21/20 174012 164635 WELLS FARGO & CO - 3.000% - 04 1042 958 WELLS FARGO &CO - 3.196% - 06/ 6851 6692 WELLS FARGO - 2.393% - 06/02/2 1791 1833 WILLIAMS PARTNERS LP - 4.300% 1981 1995 WRKCO INC SER B NOTE - 4.650% 124547 117227 AIR LEASE CORP 53730 53012 AMER INTERNATIONAL GROUP INC 43960 51693 AMGEN INC 17140 21602 AT&T, INC 83721 74117 BROOKFIELD ASSET MANAGEMENT LT 32003 37840 CARDINAL HEALTH INC 34315 42638 CHARLES SCHWAB CORP 41445 54902 CHEVRON CORP 37846 35649 CISCO SYSTEMS INC 33348 39961 CITIGROUP INC 73932 67952 CME GROUP, INC 62974 71183 COMCAST CORP 43357 52094 CONOCOPHILLIPS 59410 81481 COREBRIDGE FINANCIAL INC 75213 88741 DARDEN RESTAURANTS INC 63362 68677 DIMENSIONAL WORLD EX U S CORE 479961 525836 EQUINOR ASA 28279 25502 FEDEX CORPORATION 50928 61219 GENUINE PARTS COMPANY 35454 32271 HARDING LOEVNER INTL EQUITY 486080 495887 HASBRO INC 20744 21854 INGREDION INC 58433 64575 INTERNATIONAL BUSINESS MACHINE 60458 76541 ISHARES TRUST RUSSELL 1000 GRO 1527813 1810227 KENVUE INC 36615 38668 KINDER MORGAN INC 56523 57806 KONINKLIJKE PHILIPS ELECTRONIC 55443 88771 KONTOOR BRANDS INC 55225 74842 KRAFT HEINZ CO 37416 36166 L3HARRIS TECHNOLOGIES 20942 23589 LEAR CORP 64746 67075 LOWES COMPANIES INC 22523 21810 MEDTRONIC PLC 55756 45474 MERCK & CO INC 80634 82092 METLIFE INC 58308 59782 MOLSON COOR BREW CO CL B 42345 44745 NETAPP, INC 45601 52191 NXP SEMICONDUCTORS 58453 76943 ORION OFFICE REIT ORD SHS 2105 583 PACKAGING CORP AMER 31024 36655 PARKER HANNIFIN CP 37314 58048 PEPSICO INC 27479 24797 PFIZER INC 42070 40623 PHILLIPS 66 35261 46200 PINNACLE WEST CAPITAL CORP 60721 56897 RADIAN GROUP INC 41784 52703 RAYTHEON TECHNOLOGIES CORP 92825 77661 REALTY INCOME CORP 159899 146197 RIO TINTO PLC SPONSORED ADR 34844 43708 TARGET CORPORATION 23311 24781 TEXAS INSTRUMENTS INC 33776 38524 UNION PACIFIC 32678 37334 VANGUARD SM-CAP ETF 767764 754548 VERIZON COMMUNICATIONS 17705 12102 VICI PROPERTIES INC 51086 48553 WELLS FARGO & CO 54780 56160 WEYERHAEUSER CO 38941 41342 As explained below, the Foundation has no plans for dissolution. This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: During the taxable year ending December 31, 2023, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $6,827,689. This amount represents 25% or more of the Foundation's net assets of $13,168,298 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2023. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XIV, Line 3a; each such grant was made solely for the charitable purpose specified therein. Administrative Fees 45299 45299 Bank Charges 200 200 GIFT EXPENSE 3490 3490 Payroll Processing Fees 2241 2241 Postage/Delivery Service 173 173 SUPPLY PURCHASE 3750 3750 Class Action Lawsuit Proceeds 50 50 Investment Management Services 43089 43089 DEVELOPMENT CONSULTING 45000 45000 DIGITAL SUBSCRIPTIONS 7500 7500 990-PF Estimated Tax for 2023 9800 Foreign Tax Paid 436 436