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Nonprofit · EIN 20-2861633

DAKSHANA FOUNDATION

Tax-exempt · W LAKE HILLS, TX 78746

Financials

$3.9M$633K2025
Revenue Expenses · by fiscal year end
Financials of DAKSHANA FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$3,877,026$632,550$3,244,476$24,200,653$52,708$24,147,945
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$2,967,913
Program service revenue
$0
Investment income
$779,999
Net gain from sales of assets
$739,869
Net income from fundraising events
$129,114
Other revenue
$129,114

Expenses

Grants and similar amounts paid
$450,474
Compensation of officers, directors and key employees
$25,000
Salaries, compensation and benefits (total)
$26,913
Professional fundraising fees
$0
Accounting fees
$4,010
Program services (functional)
$450,474
Management and general (functional)
$89,541
Fundraising (functional)
$92,535

Balance sheet and other

Total assets, start of year
$22,288,033
Total assets, end of year
$24,200,653
Total liabilities, end of year
$52,708
Net assets, end of year
$24,147,945
Publicly traded securities
$12,862,602
Net assets without donor restrictions
$21,319,281
Net assets with donor restrictions
$2,828,664
Gross receipts
$15,421,982
Employees
1
Year formed
2005
State of legal domicile
CA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
MONSOON PABRAIDirector
Trustee or director
8$25,000
MOHNISH PABRAIChairman
Trustee or director
8$0
FAHED MISSMARCFO
Trustee or director
8$0

Address and contacts

Address (IRS master file)
4407 BEE CAVES RD STE 513, W LAKE HILLS, TX 78746-6496
Principal officer (990 for 2025)
MOHNISH PABRAI, 4407 Bee Cave Road 513, West Lake Hills, TX 787466496
Signed the 990
FAHED MISSMAR, CFO
Phone
(512) 999-7110
Return prepared by
CHUGH CPAS LLP

Mission

The Foundation is a philanthropic foundation focused on alleviating poverty. It is focused on providing world-class educational opportunities to economically and socially disadvantaged gifted children from impoverished rural backgrounds in India.

990 for the year ended December 31, 2025

Program accomplishments

  • Dakshanas specific purpose is to identify destitute but intellectually gifted orphans and underprivileged children in India. The Foundation will build residential school(s) in India and sending these gifted orphans to these schools. Dakshana will pay for all tuition and living expenses through grade 12 for all such selected Dakshana scholars.The Foundation will also form a partnership with leading student loan lenders. Afterhigh school, Dakshana will, if required, co-sign student loans for all Dakshana scholars to attend any accredited university on a combination of scholarships and loans.The Foundation hopes to build a very deep relationship with the Dakshana scholarsthroughout their entire lives. Dakshana will impose no legal obligation on the scholars but clearly outline a moral obligation to give back 10% of lifetime earnings to the Foundation so that more scholars can be supported by the Foundation. The Foundations vision is that the scholars of today will eventually sponsor a scholar in the future. This will ultimately result in production of more Dakshana scholars every year.In India, every year, less than 2,000 gifted scholars graduated from the Indian Institute of Technology, one of the leading schools in India. But these small numbers have created a sizable impact on the countrys economy. Starting with one scholar in 2006, Dakshana envisions supporting hundreds of new scholars each year after two or three decades with the source of funding eventually coming from the beneficiaries of yesterday.The Foundation will encourage donors to support a specific scholar for a year or two or through the entire program. This will provide an opportunity for the donor to see the impact of their donations on an orphans life. Under Dakshanas supervision, such donors can foster a nurturing parent-like relationship with the scholar.
    Expenses $450,474 · grants $450,474 · revenue $3,102,124

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
20-2861633
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2018
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B82)
Assets (IRS master file)
$24,200,653
Income (IRS master file)
$15,421,982

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025–––IRS
990December 2024–––IRS
990December 2023$3,309,747$1,185,543$16,243,372IRS
990December 2022-$1,429,442$1,413,032$11,793,241IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.

Questions about DAKSHANA FOUNDATION

What is the EIN of DAKSHANA FOUNDATION?
The employer identification number (EIN) of DAKSHANA FOUNDATION is 20-2861633.
Is DAKSHANA FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
Are donations to DAKSHANA FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does DAKSHANA FOUNDATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of DAKSHANA FOUNDATION due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did DAKSHANA FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of DAKSHANA FOUNDATION?
The 990 for the year ended December 31, 2025 names MOHNISH PABRAI.
Who are the officers and directors of DAKSHANA FOUNDATION?
The 990 for the year ended December 31, 2025 lists 3 people; 1 received compensation from the organization, the highest $25,000 (MONSOON PABRAI, Director).
How much revenue does DAKSHANA FOUNDATION have?
On its 990 for the year ended December 31, 2025 it reported revenue of $3,877,026, expenses of $632,550 and total assets of $24,200,653 at year end.

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