2023-08-29T13:25:30-05:00 2022-12-31 Foundation Source 3333 New Hyde Park Rd Ste 406 New Hyde Park NY 11042 990PF 2022-05-04 882201441 Rita and Sunil Bhatia Foundation % Foundation Source FOUN 8008391754 Foundation Source 501 Silverside Rd Wilmington DE 198091377 Sunil Bhatia Secretary 8008391754 2023-08-15 true Sunil Bhatia 999009999 Jeffrey D Haskell P01345770 8008391754 2022 2023-04-26 12:10:37Z X X X 4969451 X 5010000 10480 10480 0 5020480 10480 0 250 250 12526 12526 12776 0 12776 38253 38253 51029 0 51029 4969451 10480 4969451 4969451 0 4969451 4969451 0 0 X 4969451 0 4969451 0 4969451 0 4969451 4969451 4969451 146 146 146 0 200 200 54 54 false false false false false false true true true DE true false true false false true Foundation Source 8008391754 501 Silverside Road Suite 123 Wilmington DE 198091377 false false false false false false false false false false false false false false false false false false false false false Rita Bhatia Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, Sec, Treas 1.0 0 0 0 Sunil Bhatia Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, Pres 1.0 0 0 0 0 311535 0 311535 0 311535 4673 306862 10173 10173 146 146 10027 10027 10027 51029 0 0 0 0 51029 10027 2020 2019 2018 51029 10027 41002 41002 0 41002 41002 Rita Bhatia Sunil Bhatia X THE COMMUNITY FOUNDATION OF SINGAPORE 6 EU TONG SEN ST 04-88 THE CENTRAL SINGAPORE SN 059817 N/A Other General & Unrestricted 38253 38253 14 10480 10480 10480 false false false false false false false false false false X X 1 Bhatia Sunil 20673 Rice Court Saratoga CA 95070 5010000 X 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: Typically, a finding of a substantial contraction of assets is made by reference to the fair market value of a foundation's net assets on the first day of its calendar year. However, the taxable year ending December 31, 2022 was the year in which the Foundation received its initial endowment and the finding of a substantial contraction in this case was made by reference to the fair market value of the Foundation's assets on the date that it received its initial endowment. Accordingly, the degree of contraction of the Foundation's net assets may have been exaggerated. During the taxable year ending December 31, 2022, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $38,253. This amount represents 25% or more of the Foundation's net assets of $10,000 (as measured by fair market value) on the day that the Foundation received its initial endowment in the Foundation's taxable year ending December 31, 2022. 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 6026 6026 Administrative Set-Up Fee 5400 5400 Delaware Incorporation Fees 500 500 IRS Application Fees 600 600 PHILANTHROPIC CONSULTING SRVCS 250 250 Bhatia Sunil 20673 Rice Court Saratoga CA 95070 Bhatia Rita 20673 Rice Court Saratoga CA 95070