California · Nonprofit
IIT Bombay Heritage Foundation
IIT Bombay Heritage Foundation (California) receives grants from 47 organizations whose IRS filings report $17,321,228 to it, the largest being Janki Foundation ($5,250,000). 33 of them have funded it in more than one year, and 58% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2024
- $12M
- Funders on record
- 47
- Grants received
- $17M
- Net assets
- $13M
What IIT Bombay Heritage Foundation does
Mission
To Promote education, scientific and technological research activities at IIT Bombay
As stated on its FY2024 Form 990.
Program
Programs Services Accomplishment include the following Grants to IIT Bombay from the IIT Bombay Heritage Foundation in 2024SCHOLARSHIPS, EXCELLENCE AWARDS & CHAIRSOver 750 continuing Endowed Scholarships as well as numerous Chair Professorships were awarded in 2024.50 new Scholarship awards were made to students in various departments.A grant was made towards the Women Faculty Chair Professorship in the Electrical Engineering Dept. A grant was made towards the Vijay & Sita Vashee Chair in Computer Science Dept.A grant was made towards the Vijay & Sita Vashee Chair in Climate & Sustainability at IIT Bombay. A grant was made towards the Vijay Vashee Computer Science Fellowship Award Endowment.A grant was made towards the Vijay Vashee Climate Change Fellowship Award Endowment.A grant was made towards the DMD Chair.A grant was made to support the Kanitkar Merit Award(s) in the Department of Civil Engineering at IITB for academic year 2024-25.A grant was made to support Prof. S. C. Sahasrabudhe (SCS) Teaching Excellence Award at IIT Bombay.A grant was made towards creation of the Vinaya and Samir Kapoor Competition & Awards for ACcelerating Climate Energy & Sustainability Solutions…
$11,061,785 spentof which $10,895,779 as grants$11,073,013 earned by the program100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $11,061,785.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2017 to 2018, from $6.0M to $8.9M (+50%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
94% of IIT Bombay Heritage Foundation’s revenue is contributions — about as donation-reliant as the typical peer (96% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Board chair
Parag Saxena
Chairman
As listed on its FY2024 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 6 funders to 23 funders, grant income rose $115k → $5.7M.
21 of 47 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 58% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of IIT Bombay Heritage Foundation’s funders (the co-funder graph). Top 30 of 47 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
IIT Bombay Heritage Foundation has a broad base — no single funder exceeds 30% of grant income, and it takes 3 funders to reach half.
the vertical line marks half of all grant income — 3 funders to its left
59% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund IIT Bombay Heritage Foundation.
Largest funder’s share by year: 2017 39% · 2018 59% · 2019 57% · 2020 46% · 2021 32% · 2022 49% · 2023 70% — growing more concentrated.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
56% of IIT Bombay Heritage Foundation's funders are still giving 3 years after their first grant; 70% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
58% of IIT Bombay Heritage Foundation's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $7.3M that is directly attributable, 86% of it comes from funders outside California, across 14 states.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $10M arriving through sponsors registered in 14 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
IIT Bombay Heritage Foundation has grown faster than three-quarters of the 363 international nonprofits its size.
this organization peer median middle 50% of peers· 363 international nonprofits $10M–$100M, FY2024
Organizations like IIT Bombay Heritage Foundation
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In California
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
98% of spending goes to programs.
Governance
Public support
82%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Screen this organization
A dated, signed PDF of the compliance screen for IIT Bombay Heritage Foundation: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds IIT Bombay Heritage Foundation?
- IIT Bombay Heritage Foundation (California) receives grants from 47 organizations whose IRS filings report $17,321,228 to it, the largest being Janki Foundation ($5,250,000). 33 of them have funded it in more than one year, and 58% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does IIT Bombay Heritage Foundation have?
- IRS filings report 47 organizations giving $17,321,228 in grants to IIT Bombay Heritage Foundation, 33 of which have funded it in more than one year.
- Who is the largest funder of IIT Bombay Heritage Foundation?
- Janki Foundation is the largest funder on record, with $5,250,000 in grants. The full list of funders is on this page.
- How can an organization like IIT Bombay Heritage Foundation find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in California. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 47 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing