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Bankim Shah Family Foundation Inc. is a private corporation based in TOMS RIVER, NJ. The foundation received its IRS ruling in 2003. The principal officer is Bankim D Shah. It holds total assets of $579K. Annual income is reported at $614K. Total assets have grown from $300K in 2011 to $579K in 2024. The foundation is governed by 1 officer or trustee. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2024. The foundation primarily funds organizations in New Jersey and Pennsylvania. According to available records, Bankim Shah Family Foundation Inc. has made 20 grants totaling $104K, with a median grant of $1K. Annual giving has grown from $14K in 2020 to $59K in 2022. Individual grants have ranged from $100 to $25K, with an average award of $5K. The foundation has supported 13 unique organizations. The foundation primarily supports organizations in New Jersey, Pennsylvania, Michigan, which account for 70% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$100
Median Grant
$2K
Average Grant
$6K
Largest Grant
$25K
Based on 5 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Bankim Shah Family Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 20 grants. Its grantmaking reaches organizations primarily in NJ, PA, MI.
Bankim Shah Family Foundation Inc. has distributed a total of $104K across 20 grants. The median grant size is $1K, with an average of $5K. Individual grants have ranged from $100 to $25K.
Bankim Shah Family Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals. All will be considered.
Bankim Shah Family Foundation Inc. is headquartered in TOMS RIVER, NJ. While based in NJ, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Bankim Shah | President | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$579K
Fair Market Value
N/A
Net Worth
$579K
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
20
Total Giving
$104K
Average Grant
$5K
Median Grant
$1K
Unique Recipients
13
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Share A SmileMedical | Birmingham, MI | $251 | 2020 |
| Mangal Jeevan TrustBENEFIT OF HOMELESS & BATTERED WOMEN | Sedrana | $25K | 2022 |
| The Siddhivinavak Temple UsaReligious & CULTURAL PROMOTION | Toms River, NJ | $2K | 2022 |
| VrajRELIGIOUS & CULTURAL PROMOTION | Schuyikill Haven, PA | $1K | 2022 |
| Arsh Vidya GrwrukwamRELIGIOUS & CULTURAL PROMOTION | Saylorsburg, PA | $1K | 2022 |
| Miscellaneous CharitiesVARIOUS CULTURAL/ EDUCATIONAL / RELIGIOUS | Toms River, NJ | $3K | 2021 |
| Shri Siddhivinayak Temple UsaRELIGIOUS | Toms River, NJ | $2K | 2021 |
| Pushti Margiya Vaishnav Samaj Of NaRELIGOUS | Schuylkill Haven, PA | $277 | 2021 |
| BandishhCULTURAL PROMOTION | Jackson, NJ | $100 | 2021 |
| Shree Madhi Vibhag Kelvani MandalEducational | Bardoli | $7K | 2020 |
| Lvs Of NaCULTURAL PROMOTION | Passaic, NJ | $1K | 2020 |
| The Siddhivinayak TempleRELIGIOUS | Toms River, NJ | $227 | 2020 |
| Ananda Ashram Yoga Society Of New YCULTURAL | Monroe, NY | $201 | 2020 |