Bankim Shah Family Foundation Inc
Bankim Shah Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in TOMS RIVER, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $579K in total assets. In 2024, it awarded 5 grants totaling $20K. Net investment income was $16K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$579K
+21.2% YoY
Annual Giving
$20K
-59.9% YoY
Grant Count
5
-50.0% YoY
Avg Grant Size
$4K
-19.9% YoY
Under IRS private-foundation payout rules, Bankim Shah Family Foundation Inc reported a distributable amount of $25K for 2024 — the minimum it must pay out in qualifying distributions.
About Bankim Shah Family Foundation Inc
Based on IRS filings
Bankim Shah Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in TOMS RIVER, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $579K in total assets. In 2024, it awarded 5 grants totaling $20K. Net investment income was $16K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $579,127 | $477,711 | $417,735 |
| Revenue | $115,596 | $110,874 | $100,391 |
| Expenses | $19,788 | $50,898 | $29,439 |
| Qualifying Distributions | $19,607 | $48,950 | $29,436 |
| Net Investment Income | $15,596 | $10,874 | $381 |
| Distributable Amount | $24,771 | $20,743 | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
31 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Shree Madhi Vibhag Kelvani Mandal ($9,875), Miscellaneous Charities ($4,500), The Siddhivinayak Temple ($2,450).
| Recipient | Purpose | Amount |
|---|---|---|
| LAD VANIK SAMAJ OF NA south plainfield, NJ | Educational/Cultural | $2,281 |
| INDIAN CULTURAL TOMS RIVER, NJ | Educational/cultural | $501 |
| Shree Madhi Vibhag Kelvani Mandal | Educational | $9,875 |
| THE SIDDHIVINAYAK TEMPLE TOMS RIVER, NJ | RELIGIOUS | $2,450 |
| MISCELLANEOUS CHARITIES TOMS RIVER, NJ | VARIOUS CULTURAL/ EDUCATIONAL / RELIGIOUS | $4,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BANKIM SHAH | President | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Bankim Shah Family Foundation Inc?
Bankim Shah Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in TOMS RIVER, NJ. It holds $579K in total assets as of 2024.
How large is Bankim Shah Family Foundation Inc?
As of 2024, Bankim Shah Family Foundation Inc holds $579K in total assets with $116K in annual revenue. It awarded 5 grants totaling $20K in 2024.
Where does Bankim Shah Family Foundation Inc operate?
Bankim Shah Family Foundation Inc has awarded grants in Michigan, New Jersey, New York, Pennsylvania.
What size grants does Bankim Shah Family Foundation Inc award?
In 2024, Bankim Shah Family Foundation Inc awarded 5 grants totaling $20K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is Bankim Shah Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Bankim Shah Family Foundation Inc reported a distributable amount of $25K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Bankim Shah Family Foundation Inc's EIN?
Bankim Shah Family Foundation Inc's EIN (Employer Identification Number) is 11-3667274. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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