TY 2021 Form 990PF

- TIN:

Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0047

2021

Open to Public Inspection

For calendar year 2021, or tax year beginning 08-01-2021 , and ending 07-31-2022

Name of foundation
BHATIA FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)11315 HOLIDAN WAY
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
HOUSTON, TX77024

A Employer identification number

73-1411518

B Telephone number (see instructions)

(713) 653-7855

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$9,523,683J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments	112,436		112,436	112,436
4	Dividends and interest from securities...	335,683		335,683	335,683
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		537,576
b	Gross sales price for all assets on line 6a 3,064,309
7	Capital gain net income (from Part IV, line 2)...			537,576
8	Net short-term capital gain.........				53,927
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........	985,695		985,695	502,046
13	Compensation of officers, directors, trustees, etc.
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....		4,435	4,435
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		17,563	17,563
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	21,998		21,998		0
25	Contributions, gifts, grants paid.......	448,750				448,750
26	Total expenses and disbursements. Add lines 24 and 25	470,748		21,998		448,750
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	514,947
b	Net investment income (if negative, enter -0-)			963,697
c	Adjusted net income (if negative, enter -0-)...				502,046

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2021)

Form 990-PF (2021)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	222,224	467,552	467,552
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	259,107	119,442	103,612
	b	Investments—corporate stock (attach schedule).......	2,883,826	4,370,635	4,140,750
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	5,699,888	4,680,299	4,811,769
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	9,065,045	9,637,928	9,523,683
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	9,065,045	9,637,928
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds
	29	Total net assets or fund balances (see instructions).....	9,065,045	9,637,928
	30	Total liabilities and net assets/fund balances (see instructions).	9,065,045	9,637,928

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............

9,065,045

Enter amount from Part I, line 27a .....................

514,947

Other increases not included in line 2 (itemize) bullet

57,936

Add lines 1, 2, and 3 ..........................

9,637,928

Decreases not included in line 2 (itemize) bullet

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

9,637,928

Form 990-PF (2021)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	1,000 BANK OF OK 5.375% PFD	P	2016-07-11	2021-08-23
b	2,300 BANK OF OK 5.375% PFD	P	2017-01-25	2021-08-23
c	1,000 BANK OF OK 5.375% PFD	P	2017-02-21	2021-08-23
d	50,000 TEXAS TECH UNIV ERVS RFDG	P	2016-07-13	2021-08-16
e	50,000 TEXAS TECH UNIV ERVS RFDG	P	2016-04-13	2021-08-16
	1,000 LEGG MASON 5.45% PFD JR SUB	P	2016-10-14	2021-09-15
	1,000 LEGG MASON 5.45% PFD JR SUB	P	2017-02-21	2021-09-15
	2,000 SOUTHERN CO 5.25% PFD JR SUB	P	2017-02-21	2021-10-18
	3,000 ALTRIA GROUP INC	P	2021-02-11	2021-11-18
	1,000 ALTRIA GROUP INC	P	2020-05-05	2021-11-18
	2,790 CAPITAL ONE FIN 5.2% PFD SER G	P	2017-01-25	2021-12-01
	1,000 CAPITAL ONE FIN 5.2% PFD SER G	P	2017-03-08	2021-12-01
	1,000 INTERNATIONAL BUSINESS MACHINE CORP	P	2021-10-21	2022-01-12
	200 KYNDRYL HLDGS INC	P	2021-10-21	2022-01-13
	310 VIATRIS INC	P	2020-11-16	2022-01-13
	5,000 CAPITAL ONE 4.375% PFD FIN	P	2021-04-29	2022-03-31
	2,500 EXXON MOBIL CORP	P	2021-07-20	2022-03-15
	1,500 EXXON MOBIL CORP	P	2021-08-26	2022-03-15
	346 AT&T INC 5.625%	P	2018-08-14	2022-03-25
	40 SR UNSECURED 8/1/2067 CALLABLE	P	2018-08-14	2022-03-28
	614 SR UNSECURED 8/1/2067 CALLABLE	P	2018-08-14	2022-03-28
	1,000 SR UNSECURED 8/1/2067 CALLABLE	P	2018-08-14	2022-03-29
	40 SR UNSECURED 8/1/2067 CALLABLE	P	2018-08-14	2022-03-29
	300 SR UNSECURED 8/1/2067 CALLABLE	P	2018-08-14	2022-03-30
	960 SR UNSECURED 8/1/2067 CALLABLE	P	2018-08-14	2022-03-30
	700 SR UNSECURED 8/1/2067 CALLABLE	P	2018-08-14	2022-03-30
	2,000 AFFIL MGR GRP 5.875% PFD	P	2019-03-21	2022-03-31
	2,000 CMS ENERGY 5.875% PFD CORP	P	2019-02-06	2022-03-31
	4,000 CAPITAL ONE FIN 5.00% PFD	P	2019-09-04	2022-03-30
	400 CHEVRON CORPORATION	P	2017-01-25	2022-03-10
	600 CHEVRON CORPORATION	P	2020-07-01	2022-03-10
	100 EXXON MOBIL CORP	P	2019-12-24	2022-03-09
	500 EXXON MOBIL CORP	P	2019-08-23	2022-03-09
	400 EXXON MOBIL CORP	P	2019-12-24	2022-03-09
	500 EXXON MOBIL CORP	P	2019-01-15	2022-03-09
	500 EXXON MOBIL CORP	P	2019-06-10	2022-03-09
	500 EXXON MOBIL CORP	P	2019-12-31	2022-03-10
	500 EXXON MOBIL CORP	P	2020-01-03	2022-03-10
	500 EXXON MOBIL CORP	P	2020-01-14	2022-03-10
	500 EXXON MOBIL CORP	P	2020-02-25	2022-03-10
	500 EXXON MOBIL CORP	P	2020-02-25	2022-03-11
	1,000 EXXON MOBIL CORP	P	2020-03-03	2022-03-11
	500 EXXON MOBIL CORP	P	2020-03-06	2022-03-11
	1,000 EXXON MOBIL CORP	P	2020-03-11	2022-03-11
	1,000 EXXON MOBIL CORP	P	2020-03-13	2022-03-15
	1,000 SCHLUMBERGER LTD	P	2019-09-11	2022-03-11
	1,000 SCHLUMBERGER LTD	P	2019-10-10	2022-03-11
	1,000 SCHLUMBERGER LTD	P	2020-03-31	2022-03-11
	0.34 WARNER BROS DISCOVERY INC	P	2022-04-11	2022-04-11
	400 US CELLULAR CORP PFD 5.50%	P	2021-05-10	2022-04-25
	3,600 US CELLULAR CORP PFD 5.50%	P	2021-05-10	2022-04-25
	1,000 APPLE INC	P	2021-03-26	2022-04-11
	1,161 CMS ENERGY 5.875% PFD JR	P	2018-09-20	2022-04-11
	2,000 CMS ENERGY 5.875% PFD CORP	P	2019-02-06	2022-04-11
	1,775 DUKE ENERGY 5.625% PFD CORP	P	2018-09-11	2022-04-26
	200 DUKE ENERGY 5.625% PFD CORP	P	2018-09-11	2022-04-26
	1,632 FORD MOTOR CO 6.2% PFD	P	2019-05-20	2022-04-11
	2,191 FORD MOTOR CO 6.2% PFD	P	2019-05-20	2022-04-11
	177 FORD MOTOR CO 6.2% PFD	P	2019-05-20	2022-04-11
	1,000 FORD MOTOR CO 6.2% PFD	P	2020-03-31	2022-04-25
	1,000 FORD MOTOR CO 6.2% PFD	P	2020-04-28	2022-04-25
	811 FORD MOTOR CO 6.2% PFD	P	2020-04-30	2022-04-25
	189 FORD MOTOR CO 6.2% PFD	P	2020-04-30	2022-05-17
	50,000 CONNECTICUT ST SER B	P	2016-04-05	2022-06-22
	Capital Gain Dividends

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	25,000	25,000
b	57,500	54,073	3,427
c	25,000	24,757	243
d	50,000	50,000
e	50,000	50,000
	25,000	25,000
	25,000	23,597	1,403
	50,000	47,767	2,233
	132,152	129,840	2,312
	44,051	38,030	6,021
	69,750	62,384	7,366
	25,000	22,657	2,343
	132,469	124,569	7,900
	3,619	5,461	-1,842
	4,659	4,811	-152
	100,099	125,000	-24,901
	194,924	140,075	54,849
	116,954	82,545	34,409
	8,868	8,673	195
	1,012	1,003	9
	15,524	15,390	134
	25,420	25,065	355
	1,017	1,003	14
	7,629	7,520	109
	24,403	24,062	341
	17,794	17,547	247
	50,240	50,000	240
	51,340	50,000	1,340
	91,840	100,000	-8,160
	69,027	46,896	22,131
	103,540	54,030	49,510
	8,504	7,006	1,498
	42,515	34,030	8,485
	34,012	28,024	5,988
	42,985	35,730	7,255
	42,985	37,280	5,705
	42,485	34,655	7,830
	42,485	35,405	7,080
	42,485	34,530	7,955
	42,485	27,265	15,220
	42,485	27,265	15,220
	84,969	52,530	32,439
	42,485	23,780	18,705
	84,969	42,030	42,939
	77,970	37,439	40,531
	43,200	38,030	5,170
	43,200	30,780	12,420
	43,200	13,530	29,670
	8	8
	8,116	10,000	-1,884
	73,084	90,000	-16,916
	166,234	120,030	46,204
	29,164	29,025	139
	50,240	50,000	240
	45,262	44,375	887
	5,102	5,000	102
	41,126	40,800	326
	55,191	54,775	416
	4,463	4,425	38
	25,510	16,077	9,433
	25,510	18,077	7,433
	20,688	14,660	6,028
	4,686	3,417	1,269
	50,000	50,000
			57,675

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a
b			3,427
c			243
d
e

			1,403
			2,233
			2,312
			6,021
			7,366
			2,343
			7,900
			-1,842
			-152
			-24,901
			54,849
			34,409
			195
			9
			134
			355
			14
			109
			341
			247
			240
			1,340
			-8,160
			22,131
			49,510
			1,498
			8,485
			5,988
			7,255
			5,705
			7,830
			7,080
			7,955
			15,220
			15,220
			32,439
			18,705
			42,939
			40,531
			5,170
			12,420
			29,670

			-1,884
			-16,916
			46,204
			139
			240
			887
			102
			326
			416
			38
			9,433
			7,433
			6,028
			1,269

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	537,576
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3	53,927

Form 990-PF (2021)

Page 4

Part V

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2
3	Add lines 1 and 2...........................	3	13,395
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	13,395
6	Credits/Payments:

a	2021 estimated tax payments and 2020 overpayment credited to 2021	6a	8,972
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	8,972
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	27
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	4,450
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2022 estimated tax0	Refunded	11

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument?................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XIV..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.

If "Yes," complete Part XIII .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2021)

Page 5

Part VI-A

Statements Regarding Activities (continued)

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement. See instructions.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

N/A

The books are in care of bullet

OLSON NEAVES & COMPANY PC Telephone no. bullet

(405) 842-4418

Located at bullet

1900 NW EXPRESSWAY STE 600OKLAHOMA CITYOK ZIP+4 bullet

731181835

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here ......... bullet

and enter the amount of tax-exempt interest received or accrued during the year ........ bullet

16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country? .................

16 No

See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country bullet

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........

1a(1)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............

1a(4)

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)? ......................

1a(5)

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.) ...............

1a(6)

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2021? .............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2021, did the foundation have any undistributed income (lines 6d

and 6e, Part XII) for tax year(s) beginning before 2021?....................

If "Yes," list the years bullet

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2021.) .....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..

Form 990-PF (2021)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive? ....................

5a(2)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals? .............

5a(5)

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........

Organizations relying on a current notice regarding disaster assistance check here ......... bullet

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant? .................

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or

excess parachute payment during the year? .........................

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation. See instructions

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
VINEET BHATIA	Trustee 0.00	0
11315 HOLIDAN WAY HOUSTON,TX77024	Trustee 0.00	0

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................

Form 990-PF (2021)

Page 7

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. bullet

Part VIII-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

Form 990-PF (2021)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

9,373,819

Average of monthly cash balances.......................

358,728

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

9,732,547

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

9,732,547

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

145,988

Net value of noncharitable-use assets. Subtract line 4 from line 3. .......

9,586,559

Minimum investment return. Enter 5% (0.05) of line 5................

479,328

Part X

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow

and do not complete this part.)

Minimum investment return from Part IX, line 6..................

479,328

Tax on investment income for 2021 from Part V, line 5.......

13,395

Income tax for 2021. (This does not include the tax from Part V.) ...

Add lines 2a and 2b............................

13,395

Distributable amount before adjustments. Subtract line 2c from line 1............

465,933

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

465,933

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

465,933

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4.

Form 990-PF (2021)

Page 9

Part XII

Undistributed Income (see instructions)

		(a) Corpus	(d) 2021
1 Distributable amount for 2021 from Part X, line 7			465,933
2 Undistributed income, if any, as of the end of 2021:
a Enter amount for 2020 only.......
b Total for prior years:20, 20, 20
3 Excess distributions carryover, if any, to 2021:
a From 2016......
b From 2017......	93,506
c From 2018......
d From 2019......
e From 2020......
f Total of lines 3a through e ........		93,506
4Qualifying distributions for 2021 from Part
XI, line 4: $ 448,750
a Applied to 2020, but not more than line 2a
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2021 distributable amount.....			448,750
e Remaining amount distributed out of corpus
5 Excess distributions carryover applied to 2021.		17,183	17,183
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		76,323
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2019. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2021. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2022 ..........			0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......
8 Excess distributions carryover from 2016 not applied on line 5 or line 7 (see instructions) ...
9 Excess distributions carryover to 2022. Subtract lines 7 and 8 from line 6a ......		76,323
10 Analysis of line 9:
a Excess from 2017....	76,323
b Excess from 2018....
c Excess from 2019....
d Excess from 2020....
e Excess from 2021....

Form 990-PF (2021)

Page 10

Part XIII

Private Operating Foundations (see instructions and Part VI-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section 4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2021	(b) 2020	(c) 2019	(d) 2018	(e) Total

b 85% (0.85) of line 2a .........
c Qualifying distributions from Part XI, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part IX, line 6 for each year listed ..
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XIV

Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or email address of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Form 990-PF (2021)

Page 11

Part XIV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
RICE UNIVERSITY PO BOX 200175 HOUSTON,TX77216	NONE	PUBLIC	CHARITABLE	30,000
AMERICAN RED CROSS PO BOX 37839 BOONE,IA50037	NONE	PC	CHARITABLE	10,000
SUNFLOWER CO FREEDOM PROJECT PO BOX 701 SUNFLOWER,MS38778	NONE	PC	CHARITABLE	15,000
TEXAS CIVIL RIGHTS PROJECT 1405 MONTOPOLIS DRIVE AUSTIN,TX78741	NONE	PC	CHARITABLE	10,000
HOUSTON FOOD BANK 535 PORTWALL ST HOUSTON,TX77029	NONE	PC	CHARITABLE	10,000
CATAPULT DESIGN PO BOX 16023 DENVER,CO80216	NONE	PC	CHARITABLE	20,000
HUMAN IMPACT PARTNERS 304 12TH STREET SUITE 2B OAKLAND,CA94607	NONE	PC	CHARITABLE	5,000
OKC PUBLIC SCHOOLS FOUNDATION 431 W MAIN ST E OKLAHOMA CITY,OK73102	NONE	PF	CHARITABLE	20,000
DOCTORS WITHOUT BORDERS 40 RECTOR ST 16TH FLOOR NEW YORK,NY10006	NONE	PC	CHARITABLE	20,000
LA POSADA PROVIDENCIA 30094 MARYDALE RD SAN BENITO,TX78586	NONE	PC	CHARITABLE	10,000
RUBICON PROGRAMS - OAKLAND 2000 SAN PABLO AVE OAKLAND,CA94612	NONE	PC	CHARITABLE	10,000
KHAN ACADEMY PO BOX 1630 MOUNTAIN VIEW,CA94042	NONE	PC	CHARITABLE	10,000
DOWNTOWN BERKELEY YMCA 2001 ALLSTON WAY BERKELEY,CA94704	NONE	PC	CHARITABLE	5,000
COLUMBIA LAW SCHOOL 435 W 116TH ST BOX A-2 NEW YORK,NY10027	NONE	PC	CHARITABLE	50,000
HOUSTON AREA WOMEN'S CENTER 1010 WAUGH DR HOUSTON,TX77019	NONE	PC	CHARITABLE	50,000
AMERICAN HEART ASSOCIATION 7272 GREENVILLE AVENUE DALLAS,TX75231	NONE	PC	CHARITABLE	25,000
AS OUR OWN 1717 ST JAMES PLACE SUITE 220 HOUSTON,TX77056	NONE	PC	CHARITABLE	6,000
THE BALLYNEAL FOUNDATION 1 BALLYNEAL LANE HOYOKE,CO80734	NONE	PF	CHARITABLE	10,000
DEC MY ROOM 720 NORTH POST OAK RD SUITE 275 HOUSTON,TX77024	NONE	PC	CHARITABLE	10,000
HERMANN PARK CONSERVANCY 1700 HERMANN DRIVE HOUSTON,TX77004	NONE	PC	CHARITABLE	5,000
HOUSTON ZOO 6200 HERMANN PARK DRIVE HOUSTON,TX77030	NONE	PC	CHARITABLE	10,000
MAIN STREET MINISTRIES 5100 TRAVIS HOUSTON,TX77002	NONE	PC	CHARITABLE	15,000
STAR OF HOPE 4848 LOOP CENTRAL DR SUITE 500 HOUSTON,TX77081	NONE	PC	CHARITABLE	10,000
KIPP TEXAS PUBLIC SCHOOLS - HOUSTON 10711 KIPP WAY HOUSTON,TX77099	NONE	PC	CHARITABLE	5,500
ST ANTHONY FOUNDATION 150 GOLDEN GATE AVENUE SAN FRANCISCO,CA94102	NONE	PC	CHARITABLE	10,000
PATH 2201 WESTLAKE AVENUE SUITE 200 SEATTLE,WA98121	NONE	PC	CHARITABLE	10,000
PRATHAM USA 9703 RICHMOND AVE STE 102 HOUSTON,TX77042	NONE	PC	CHARITABLE	10,000
HOUSTON LIVESTOCK SHOW RODEO 3 NRG PARK HOUSTON,TX77054	NONE	PC	CHARITABLE	1,000
KIDS MEALS INC 330 GARDEN OAKS BLVD HOUSTON,TX77018	NONE	PC	CHARITABLE	5,000
ORANGE SHOW CENTER FOR VISIONARY AR 2334 GULF TERMINAL DR HOUSTON,TX77023	NONE	PC	CHARITABLE	5,000
PLANNED PARENTHOOD 123 WILLIAM ST NEW YORK,NY10038	NONE	PC	CHARITABLE	25,000
RONALD MCDONALD HOUSE 110 N CARPENTER ST CHICAGO,IL60607	NONE	PC	CHARITABLE	1,250
SUSTAINABLE HARVEST INTERNATIONAL 177 HUNTINGTON AVE STE 1703 BOSTON,MA02115	NONE	PC	CHARITABLE	10,000
Total ................................. 3a				448,750

bApproved for future payment

Total ................................. 3b

Form 990-PF (2021)

Page 12

Part XV-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........			14	112,436
4 Dividends and interest from securities ....
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income .....
8 Gain or (loss) from sales of assets other than inventory ............				57,675	479,901
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..				505,794	479,901

13Total. Add line 12, columns (b), (d), and (e)..................

985,695

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2021)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........Yes No

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2021)

Additional Data

Software ID:	21013475
Software Version:	2021v4.0

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2021 OtherProfessionalFeesSchedule

Name:

BHATIA FOUNDATION

EIN:

73-1411518

Software ID:

21013475

Software Version:

2021v4.0

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
TAX PREPARATION FEES	4,435	4,435	0	0

- TIN:

TY 2021 TaxesSchedule

Name:

BHATIA FOUNDATION

EIN:

73-1411518

Software ID:

21013475

Software Version:

2021v4.0

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FEDERAL TAXES	17,563	17,563