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Kanakia Foundation is a private corporation based in GREEN COVE SPRINGS, FL. The foundation received its IRS ruling in 2000. The principal officer is Hermant Kanakia. It holds total assets of $87K. Annual income is reported at $526K. Total assets have decreased from $680K in 2011 to $112K in 2023. The foundation is governed by 3 officers and trustees. The foundation operates in the area of science & technology. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. According to available records, Kanakia Foundation has made 6 grants totaling $1.1M, with a median grant of $128K. Annual giving has grown from $255K in 2020 to $810K in 2022. Individual grants have ranged from $5K to $400K, with an average award of $178K. The foundation has supported 4 unique organizations. Grants have been distributed to organizations in California and Arkansas and Texas. Contributions to this foundation are tax-deductible.
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.
Kanakia Foundation primarily funds organizations in the area of science & technology. Based on available records, the foundation has funded 6 grants. Its grantmaking reaches organizations primarily in CA, AR, TX.
Kanakia Foundation has distributed a total of $1.1M across 6 grants. The median grant size is $128K, with an average of $178K. Individual grants have ranged from $5K to $400K.
Kanakia Foundation typically selects its grantees rather than accepting unsolicited proposals.
Kanakia Foundation is headquartered in GREEN COVE SPRINGS, FL. While based in FL, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Bhanuben Kanakia | Director | $0 | $0 | N/A |
| Sonalde Desai | Director | $0 | $0 | N/A |
| Hemant Kanakia | Director | $0 | $0 | N/A |
Total Giving
$458K
Total Assets
$112K
Fair Market Value
$450K
Net Worth
$112K
Grants Paid
$450K
Contributions
$319K
Net Investment Income
$267K
Distribution Amount
N/A
Total Grants
6
Total Giving
$1.1M
Average Grant
$178K
Median Grant
$128K
Unique Recipients
4
Most Common Grant
$5K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Maker Bavan FoundationTo promote education | Palo Alto, CA | $400K | 2022 |
| International Association Of Yoga TherapTo promote Yoga | Little Rock, AR | $5K | 2022 |
| Maker Bhavan FoundationGENERAL PURPOSE | Palo Alto, CA | $250K | 2020 |
| Pratam UsaGENERAL PURPOSE | Houston, TX | $5K | 2020 |