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Shekels Charitable Foundation is a private trust based in LOS ANGELES, CA. The foundation received its IRS ruling in 2014. The principal officer is Allen E Shay. It holds total assets of $59.1M. Annual income is reported at $13.5M. Total assets have grown from $16.2M in 2013 to $59.1M in 2024. The foundation is governed by 1 officer or trustee. The foundation operates in the area of human services. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2015 to 2024. According to available records, Shekels Charitable Foundation has made 8 grants totaling $7.3M, with a median grant of $879K. Annual giving has decreased from $2.1M in 2020 to $1.7M in 2023. Grantmaking activity was highest in 2022 with $3.5M distributed across 4 grants. Individual grants have ranged from $29K to $2.1M, with an average award of $917K. The foundation has supported 4 unique organizations. Grant recipients are concentrated in California. Contributions to this foundation are tax-deductible.
Shekels Charitable Foundation reported 8 individual grants totaling $7.3 million between 2020 and 2023 across its IRS Form 990-PF filings, with a median grant of $879,331. Half of those grants fell between $199,986 and $1.5 million. Its largest single grant in the record was $2.1 million. Its most recent available filing, for fiscal year 2023, reports $2.3 million in total giving.
Grantmaking is concentrated in CA, which received 8 of the 8 grants on record (100 percent). Of its 4 distinct grantees, 50 percent received funding more than once, so repeat relationships are the norm rather than the exception. Its largest institutional recipients were Charitable Org-See Attached Schedul ($5.1 million) and Charitable Org - See Attached Sched ($1.7 million).
Computed from 8 individual grant records (2020–2023) in this foundation's IRS Form 990-PF Part XV filings. Source: IRS 990-PF.
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.
Shekels Charitable Foundation primarily funds organizations in the area of human services. Based on available records, the foundation has funded 8 grants. Its grantmaking reaches organizations primarily in CA.
Shekels Charitable Foundation has distributed a total of $7.3M across 8 grants. The median grant size is $879K, with an average of $917K. Individual grants have ranged from $29K to $2.1M.
Shekels Charitable Foundation typically selects its grantees rather than accepting unsolicited proposals.
Shekels Charitable Foundation is headquartered in LOS ANGELES, CA.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Allen E Shay | Trustee | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$59.1M
Fair Market Value
N/A
Net Worth
$56.1M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
8
Total Giving
$7.3M
Average Grant
$917K
Median Grant
$879K
Unique Recipients
4
Most Common Grant
$1.5M
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Charitable Org - See Attached SchedCHARITABLE PURPOSE OF THE ORGANIZATION | Los Angeles, CA | $1.7M | 2023 |
| Multi-Year GrantsCHARITABLE PURPOSE OF THE ORGANIZATION | Los Angeles, CA | $29K | 2023 |
| Charitable Org-See Attached SchedulCHARITABLE PURPOSE OF THE ORGANIZATION | Los Angeles, CA | $1.5M | 2022 |
| Pledged GrantsCHARITABLE PURPOSE OF THE ORGANIZATION | Los Angeles, CA | $50K | 2020 |