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Palkhiwala Charitable Foundation Inc. is a private corporation based in SOMERSET, NJ. The foundation received its IRS ruling in 2015. It holds total assets of $121K. Annual income is reported at $20K. Total assets have grown from $65K in 2015 to $108K in 2023. The foundation is governed by 1 officer or trustee. The foundation operates in the area of philanthropy & grantmaking. Tax records are available from 2017 to 2023. According to available records, Palkhiwala Charitable Foundation Inc. has made 13 grants totaling $28K, with a median grant of $500. Annual giving has grown from $3K in 2022 to $25K in 2023. Individual grants have ranged from $101 to $20K, with an average award of $2K. The foundation has supported 8 unique organizations. Grants have been distributed to organizations in New Jersey and New York. 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.
Palkhiwala Charitable Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 13 grants. Its grantmaking reaches organizations primarily in NJ, NY.
Palkhiwala Charitable Foundation Inc. has distributed a total of $28K across 13 grants. The median grant size is $500, with an average of $2K. Individual grants have ranged from $101 to $20K.
The application deadline is APPLICAITON SHOULD BE SUBITTED WELL IN ADVACEN WHIHC WOULD ENABLE THE FOUNDATIONN VERIFY THE APPLICA. Restriction based on the approval of the board.
Palkhiwala Charitable Foundation Inc. is headquartered in SOMERSET, NJ. While based in NJ, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Arun J Palkhiwala | TRUSTEE | $0 | $0 | N/A |
Total Giving
$27K
Total Assets
$108K
Fair Market Value
$147K
Net Worth
$108K
Grants Paid
$25K
Contributions
$13K
Net Investment Income
$3K
Distribution Amount
N/A
Total Grants
13
Total Giving
$28K
Average Grant
$2K
Median Grant
$500
Unique Recipients
8
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Charitable FoundationDONATION | Nj, NJ | $500 | 2023 |
| Life GlobalDONATION | Paramus, NJ | $20K | 2023 |
| Share And CareDONATION | Queens, NY | $2K | 2023 |
| Hindu SamajDONATION | Mahwah, NJ | $1K | 2023 |
| Ai ADONATION | Nj, NJ | $150 | 2023 |
| SiddhachalamDONATION | Blairstown, NJ | $101 | 2023 |
| Jain Center Of New JerseyDONATION | Franklin Township, NJ | $1K | 2022 |
| IascaDONATION | Bergen, NJ | $200 | 2022 |