Aum Capital Group Charitable
Aum Capital Group Charitable is a private foundation based in Huntsville, Alabama. Its 2024 filing reports direct charitable activity supporting 30 under-resourced female high school students through Pathway 2 Success.
Aum Capital Group Charitable at a glance
In short: Aum Capital Group Charitable gave $58K across 14 grants in 2024 (avg $4K), mostly in Alabama. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $57,549
- +26.8% vs 2023
- Grants made (2024)
- 14
- +180.0% vs 2023
- Average grant
- $4,111
- -54.7% vs 2023
- Median grant
- $1,339
- Total assets
- $1,086,512
- +8.3% vs 2023
- Primary geography
- Alabama (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
How to apply to Aum Capital Group Charitable
- Accepts unsolicited proposals
- No
- How to Apply
-
The filing lists a written request and says additional information will be required. It also states that the foundation does not accept unsolicited requests.
- Review Cycle
- The filing lists July 1 each year. The July 1, 2026 deadline is past.
- Deadline
- The filing lists July 1 each year.
- Contact
Application contact: Alka Bhargav
Mailing address: PO Box 2159, Madison, AL 35758
Phone: (256) 759-1263
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Aum Capital Group Charitable funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Aum Foundation USA ($40K). Together the top 10 received $56K.
Grant Size Distribution
55 grants across all recorded years
The most common grant size was under $50K: 53 grants of 55 (96%).
Geographic Focus
Where this funder awards grants
All grant dollars reported for filing year 2024 went to recipients in Alabama. The listed 2024 recipients include organizations in Huntsville, Madison, and Meridianville.
Grant Distribution by State
Share of 2024 grant dollars across all 14 itemized grants.
Cities
How Aum Capital Group Charitable gives
- 29% of 2024 grantees were also funded in 2023. Method
- Giving fell 62% from 2021 to 2024. Method
- In 2024 it paid out 98% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $45K (2023) to $200K (2022). In 2024 it made 14 grants totaling $58K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Aum Foundation USA Huntsville, AL | Sponsorship Payment | $40,000 |
| Alabama Media Group Huntsville, AL | General Support | $4,500 |
| Eighth Street Community Huntsville, AL | General Support | $3,000 |
| Huntsville Committee of 100 Huntsville, AL | General Support | $1,600 |
| Drake State Foundation Huntsville, AL | General Support | $1,500 |
| Madison Chamber of Commerce Madison, AL | General Support | $1,500 |
| Wedc Foundation Huntsville, AL | General Support | $1,477 |
| Village of Promise Huntsville, AL | General Support | $1,200 |
| Hudson Alpha Foundation Huntsville, AL | General Support | $1,000 |
| Heals Inc Huntsville, AL | General Support | $500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $1,086,512 | $36,219 | $73,340 | $57,549 | 14 | $57,549 | $27,387 | $58,930 |
| 2023 | $1,002,928 | $24,556 | $54,171 | $45,396 | 5 | $45,396 | $25,492 | $55,796 |
| 2022 | $816,914 | $38,812 | $204,857 | $200,000 | 1 | $200,000 | $33,955 | $54,493 |
| 2021 | $985,527 | $178,851 | $321,091 | $152,000 | 17 | $152,000 | $26,019 | $58,144 |
| 2020 | $1,126,889 | $300,158 | $173,244 | $57,972 | 18 | — | $22,082 | $52,018 |
Under IRS private-foundation payout rules, Aum Capital Group Charitable reported a distributable amount of $59K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
The filing describes Pathway 2 Success as supporting 30 under-resourced female high school students. Its 2024 grants also went to organizations whose missions, as described by those organizations, include empowering under-resourced individuals and groups, supporting disabled adults, advancing economic development, and providing education, health care, and family support.
For example, AUM Foundation USA Inc describes its mission as empowering under-resourced individuals and groups by addressing barriers to personal and organizational development. The WEDC Foundation Inc says it provides educational, financial, and mentoring support to economically disadvantaged women. HEALS Inc says it provides school-based health, dental, and optometry care for children in Huntsville and Madison County.
Grantmaking
In filing year 2024, the foundation reported 14 grants totaling $57,549. Grant amounts ranged from $100 to $40,000, with a median grant of $1,338. Notable grants included $40,000 to AUM Foundation USA for a sponsorship payment, $4,500 to Alabama Media Group for general support, and $3,000 to Eighth Street Community for general support. Other reported grants included $1,600 to Huntsville Committee of 100, $1,500 to Drake State Foundation, and $1,500 to Madison Chamber of Commerce, all for general support.
The filing states that contributions are limited to preselected charitable organizations and that the foundation does not accept unsolicited requests. It specifies a written request only, with additional information required; award restrictions are based on the applicant’s needs.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Raj Shanijow and Alka Bhargav as directors.
Aum Capital Group Charitable's 2024 filing lists 2 officers; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Alka Bhargav
Director
On filings since 2020
No compensation reported
Raj Shanijow
Director
On filings since 2020
No compensation reported
Former officers (4)
- Former: Ajesh Khanijow (2020–2022) — Director
- Former: Anisha Khanijow (2020–2022) — Director
- Former: Keya Kuruvilla (2020–2022) — Director
- Former: Ria Kuruvilla (2020–2022) — Director
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Aum Capital Group Charitable
How much does Aum Capital Group Charitable give each year?
Aum Capital Group Charitable gave $58K across 14 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $45K across 5 grants.
What is Aum Capital Group Charitable's typical grant size?
Aum Capital Group Charitable's median grant in 2024 was $1,339, and its average grant was $4,111, across 14 grants on its 2024 IRS Form 990-PF.
Where does Aum Capital Group Charitable give grants?
Aum Capital Group Charitable gives mostly in Alabama: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Huntsville, AL (12 grants).
Does Aum Capital Group Charitable give general operating support?
Yes: 93% of Aum Capital Group Charitable's 2024 grants with a stated purpose (13 of 14) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Aum Capital Group Charitable's largest grantees?
Aum Capital Group Charitable's largest 2024 grantees include Aum Foundation USA ($40,000), Alabama Media Group ($4,500) and Eighth Street Community ($3,000), according to its 2024 IRS Form 990-PF. Together they received 83% of its itemized 2024 grant dollars.
How large is Aum Capital Group Charitable?
Aum Capital Group Charitable reported $1.1M in total assets on its 2024 IRS Form 990-PF. It paid out $58K in qualifying distributions that year, against a required minimum of $59K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does Aum Capital Group Charitable fund?
The filing describes Pathway 2 Success as supporting 30 under-resourced female high school students. See mission & focus areas ↑
How do I apply for a grant from Aum Capital Group Charitable?
The filing lists a written request and says additional information will be required. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Aum Capital Group Charitable's EIN?
Aum Capital Group Charitable's EIN (Employer Identification Number) is 46-4308239. IRS Form 990 filing data is available on this page for 2020–2024.
Does Aum Capital Group Charitable accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). Aum Capital Group Charitable funder profile. GrantGraph. Retrieved October 12, 2026, from https://grantable.co/funders/aum-capital-group-charitable-morg_451b6a208f71434f9653b5b7f5f43e43
BibTeX
@misc{grantable_464308239_2026,
author = {{Grantable}},
title = {{Aum Capital Group Charitable funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/aum-capital-group-charitable-morg_451b6a208f71434f9653b5b7f5f43e43},
note = {Accessed 2026-10-12. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Aum Capital Group Charitable's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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