Charitable foundation that operates as a quasi-official organization directly supervised by the Supreme Leader of Iran; functions as a revenue source and patronage network for the Supreme Leader; has provided goods and services to the Islamic Revolutionary Guard Corps (IRGC), the Law Enforcement Forces of the Islamic Republic of Iran (LEF), and the Ministry of Defense and Armed Forces Logistics (MODAFL).

Declared assets reportedly exceeded 560 trillion rials ($2.4 billion) as of 2016; exempted from paying taxes by Supreme Leader Ali Khamenei in 1993, according to the U.S. Treasury Department; tax exempt-status was reportedly renewed in 2018.

Between 2015 and 2016, transferred large sums of money to the Supreme Leader's Office, according to the U.S. Treasury Department; foundation properties have been occupied by the IRGC and Iran's regular Navy.

Owns at least 160 and reportedly up to 350 companies in the agriculture, construction, energy, finance, industrial, mining,  transportation, and tourism sectors; co-owns Iran Electronic Development Company (IEDC) with Iran Electronics Industries (IEI), a company subordinate to MODAFL; owns Bank Sina, which has provided financial support ultimately benefitting the Basij Resistance Force, a paramilitary force subordinate to the IRGC; owns Behran Oil, which has exported fuel to Bashar al Assad’s government in Syria; has subsidiaries in Germany, Turkey, and the United Arab Emirates; through a subsidiary, owned an office building in the United States and rented space therein, forwarding rental earnings to Bank Melli.

According to the U.S. Treasury Department, subordinate entities include:

• Aliaf Company
• Arvand Kaveh Steel Co.
• Bank Sina
• Beh Tam Ranakar Company
• Behran Oil
• Behran Trading Company
• Bonyad Shipping Agencies Company
• Bonyad Eastern Railway Company
• Coal Tire Refining Company
• Damavand Mining
• Day Company
• Hejab Textile Company
• International Trade & Industrial Technology ITRITEC GmbH
• Iran Electronic Development Company (IEDC)
• Iran Tire Manufacturing Company
• Kaveh Khozestan Aluminum Company
• Kaveh Pars Mining Industries Development Company (KMID)
• Kaveh Shargh Steel Co.
• Melli Sakhteman Company
• North Wood Industry Company
• Pishro Iran Financial and Investment Company
• Pars Energy-Gostar Drilling and Exploration
• Payandan Company
• North Drilling Company
• Omran va Maskan Iran Company
• Pars Sarralle Company
• Pars Tile Company
• Parsian Tourism and Recreational Centers Company
• Paya Saman Pars Company
• Peyvand Tejarat Atieh Iranian Company
• Pishgaman Horizon Development Iranian Business Trading Company
• Rah Negar Middle East Pars Company
• Raman Company
• Sanati Doodeh Fam Company
• Selkbaf Co.
• Sina Currency Exchange Company
• Sina Energy Development Company (SEDCO)
• Sina Financial and Investment Holding Company
• Sina Pars Rail Company
• Sina Paya Sanat Development Co.
• Sina Port and Marine Services Development Company
• Sina Tile and Ceramic Industries Company
• Shisheh va Gas Industries Group
• Somic Engineering and Management Co.
• South Kaveh Steel Co.
• Tabchem Chemical Industries Company
• Taloon Company
• Tehran Cement Company
• Tehran International Transport Co.
• Turira Company

Established in 1979; reportedly took over the assets of the Pahlavi Foundation; was reportedly named Bonyad Mostazafan and Janbazan and covered veterans affairs after the Iran-Iraq War until 2005, when Bonyad Shahid took over responsibility for veterans affairs.

Sanctions

Added on November 18, 2020 to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC), freezing its assets under U.S. jurisdiction and prohibiting transactions with U.S. parties, pursuant to Executive Order 13876, which targets the Supreme Leader of the Islamic Republic of Iran and the Iranian Supreme Leader’s Office (SLO), as well as their affiliates; foreign parties facilitating transactions for the entity or otherwise assisting the entity are subject to U.S. sanctions.