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Hemant Shah Family Foundation Inc. is a private corporation based in JERSEY CITY, NJ. The foundation received its IRS ruling in 2008. It holds total assets of $2.1M. Annual income is reported at $1.7M. Total assets have grown from $518K in 2011 to $1.4M in 2023. 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 2023. Funding is distributed across 6 states, including New York, New Jersey, Tennessee. According to available records, Hemant Shah Family Foundation Inc. has made 17 grants totaling $230K, with a median grant of $250. Annual giving has decreased from $178K in 2022 to $52K in 2023. Individual grants have ranged from N/A to $175K, with an average award of $14K. The foundation has supported 14 unique organizations. The foundation primarily supports organizations in New Jersey, Texas, Maryland, which account for 47% of all grants. Grantmaking reaches organizations across 9 states. Contributions to this foundation are tax-deductible.
Smallest Grant
N/A
Median Grant
$164
Average Grant
$1K
Largest Grant
$5K
Based on 10 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.
Hemant Shah Family Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 17 grants. Its grantmaking reaches organizations primarily in NJ, TX, MD.
Hemant Shah Family Foundation Inc. has distributed a total of $230K across 17 grants. The median grant size is $250, with an average of $14K. Individual grants have ranged from N/A to $175K.
Hemant Shah Family Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Hemant Shah Family Foundation Inc. is headquartered in JERSEY CITY, NJ. While based in NJ, the foundation distributes grants to organizations across 9 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Hemant Shah | PRESIDENT | $0 | $0 | N/A |
Total Giving
$102K
Total Assets
$1.4M
Fair Market Value
$909K
Net Worth
$1.4M
Grants Paid
$52K
Contributions
$100K
Net Investment Income
$36K
Distribution Amount
$49K
Total: N/A
Total Grants
17
Total Giving
$230K
Average Grant
$14K
Median Grant
$250
Unique Recipients
14
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Shriners HospitalCHARITY | Chicago, IL | $100 | 2023 |
| American Cancer SocietyCHARITY | Kennesaw, GA | N/A | 2022 |
| Siddhachalam Jain TempleCHARITY | Blairstown, NJ | $50K | 2023 |
| Jain Center Of New JerseyEXEMPT | Somerset, NJ | $1K | 2023 |
| Unicef UsaCHARITY | New York, NY | $450 | 2023 |
| Ekal Vidyalaya FoundationCHARITY | Houston, TX | $365 | 2023 |
| Indo American Senior Citizen AssociCHARITY | Oakland Gardens, NY | $250 | 2023 |
| Akshaya PartraCHARITABLE | Fremont, CA | $200 | 2023 |
| St Jude Children HospitalCHARITY | Memphis, TN | $100 | 2023 |
| Carepoint Health System IncCHARITY | Bayonne, NJ | $175K | 2022 |
| Veerayatan InternationalCHARITY | Hughesville, MD | $1K | 2022 |
| BapsCHARITY | Windsor, NJ | $251 | 2022 |
| Anoopam MissionCHARITY | Coplay, PA | $250 | 2022 |
| March Of DimeeCHARITY | Parsippany, NJ | $100 | 2022 |