Drs Ila & Vinod Shah Foundation Inc
Drs Ila & Vinod Shah Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MECHANICSVILLE, MD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.6M in total assets. In 2024, it awarded 8 grants totaling $73K. Net investment income was $81K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.6M
+0.5% YoY
Annual Giving
$73K
-19.3% YoY
Grant Count
8
+0.0% YoY
Avg Grant Size
$9K
-19.3% YoY
Under IRS private-foundation payout rules, Drs Ila & Vinod Shah Foundation Inc reported a distributable amount of $77K for 2024 — the minimum it must pay out in qualifying distributions.
About Drs Ila & Vinod Shah Foundation Inc
Based on IRS filings
Drs Ila & Vinod Shah Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MECHANICSVILLE, MD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.6M in total assets. In 2024, it awarded 8 grants totaling $73K. Net investment income was $81K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,594,904 | $1,587,315 | $1,612,865 |
| Revenue | $80,739 | $65,100 | $15,879 |
| Expenses | $73,150 | $90,650 | $102,650 |
| Qualifying Distributions | $73,000 | $90,500 | $101,600 |
| Net Investment Income | $80,589 | $44,950 | $14,829 |
| Distributable Amount | $76,789 | $76,886 | $80,747 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
Grant Size Distribution
46 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Isha Foundation ($10,500), Blind People's Assn Usa ($10,000), The Leukemia & Lymphoma ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BLIND PEOPLE'S ASSN USA WASHINGTON, DC | DONATION | $10,000 |
| THE LEUKEMIA & LYMPHOMA RYE BROOK, NY | DONATION | $10,000 |
| AMERICAN DIVERSITY GROUP COLUMBIA, MD | DONATION | $10,000 |
| ISHA FOUNDATION | DONATION | $10,500 |
| VOICE OF SAP INDIANAPOLIS, IN | DONATION | $10,000 |
| VRAJ SCHUYKILL HAVEN, PA | DONATION | $2,500 |
| CHARUTAR AROGYA MANDAL | DONATION | $10,000 |
| VOSAP FOR BLIND PEOPLE | DONATION | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| VINOD K SHAH | PRESIDENT | 1 | — |
| ILA V SHAH | VICE PRESIDE | 1 | — |
| AMISH V SHAH | SECRETARY/TR | 1 | — |
| MEENA V SHAH | OFFICER | 1 | — |
| NIMESH KHATRI | OFFICER | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Drs Ila & Vinod Shah Foundation Inc?
Drs Ila & Vinod Shah Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MECHANICSVILLE, MD. It holds $1.6M in total assets as of 2024.
How large is Drs Ila & Vinod Shah Foundation Inc?
As of 2024, Drs Ila & Vinod Shah Foundation Inc holds $1.6M in total assets with $81K in annual revenue. It awarded 8 grants totaling $73K in 2024.
Where does Drs Ila & Vinod Shah Foundation Inc operate?
Drs Ila & Vinod Shah Foundation Inc has awarded grants in California, District of Columbia, Illinois, Indiana, Maryland, New Jersey, New York, Pennsylvania, Tennessee, Washington.
What size grants does Drs Ila & Vinod Shah Foundation Inc award?
In 2024, Drs Ila & Vinod Shah Foundation Inc awarded 8 grants totaling $73K — an average of about $9K per grant, based on its IRS Form 990 filings.
How much is Drs Ila & Vinod Shah Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Drs Ila & Vinod Shah Foundation Inc reported a distributable amount of $77K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Drs Ila & Vinod Shah Foundation Inc's EIN?
Drs Ila & Vinod Shah Foundation Inc's EIN (Employer Identification Number) is 83-2419849. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Drs Ila & Vinod Shah Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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