The Rainbow Awards for Journalism & Literature as well as the Rainbow Lit Fest – Queer & Inclusive are owned and run by the Dwijen Dinanath Arts Foundation, a Section 8, not for-profit entity. Supported by donations and funds invested by its founder, Sharif D Rangnekar, the Foundation functions in the area of facilitating and curating platforms related to gender, sexuality, arts and the independent music space. It leverages history and literature as well as current affairs and the multitude of thoughts and views in all it attempts to do.
The Foundation also owns Embrace: Music Justice Arts which engages mostly with Indie musicians, creating collaborations and purpose around their music and lyrics. This platform often uses music and lyrics to raise awareness on a variety of issues besides organising fund-raisers for different causes and NGOs.