Ekta Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HUNTSVILLE, AL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $512K in total assets. In 2024, it awarded 4 grants totaling $257K. Net investment income was $6K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$512K
-31.4% YoY
Annual Giving
$257K
-36.0% YoY
Grant Count
4
-20.0% YoY
Avg Grant Size
$64K
-20.0% YoY
Under IRS private-foundation payout rules, Ekta Foundation reported a distributable amount of $30K for 2024 — the minimum it must pay out in qualifying distributions.
About Ekta Foundation
Based on IRS filings
Ekta Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HUNTSVILLE, AL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $512K in total assets. In 2024, it awarded 4 grants totaling $257K. Net investment income was $6K.
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 | $512,283 | $747,054 | $1,142,655 |
| Revenue | $9,504 | $-167,276 | $35,571 |
| Expenses | $302,211 | $432,838 | $199,312 |
| Qualifying Distributions | $257,317 | $402,000 | $158,950 |
| Net Investment Income | $5,897 | $4,138 | $4,073 |
| Distributable Amount | $30,386 | $58,524 | $67,146 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
21 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Hudson Alpha Foundation ($161,000), Recoded Co ($77,567), America Gives Inc ($11,100).
| Recipient | Purpose | Amount |
|---|---|---|
| HUDSON ALPHA FOUNDATION HUNTSVILLE, AL | GENERAL SUPPORT | $161,000 |
| RECODED CO NEW YORK, NY | GENERAL SUPPORT | $77,567 |
| HUNTSVILLE COLLEGE PREPARATORY SCH HUNTSVILLE, AL | GENERAL SUPPORT | $7,650 |
| AMERICA GIVES INC NEW YORK, NY | GENERAL SUPPORT | $11,100 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ASHOK K MAHBUBANI | DIRECTOR | — | — |
| AMRITA MAHBUBANI | DIRECTOR | — | — |
| SCOTT FAULKNER | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Ekta Foundation?
Ekta Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HUNTSVILLE, AL. It holds $512K in total assets as of 2024.
How large is Ekta Foundation?
As of 2024, Ekta Foundation holds $512K in total assets with $10K in annual revenue. It awarded 4 grants totaling $257K in 2024.
Where does Ekta Foundation operate?
Ekta Foundation has awarded grants in Alabama, California, District of Columbia, Massachusetts, New York, Virginia.
What size grants does Ekta Foundation award?
In 2024, Ekta Foundation awarded 4 grants totaling $257K — an average of about $64K per grant, based on its IRS Form 990 filings.
How much is Ekta Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Ekta Foundation reported a distributable amount of $30K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Ekta Foundation's EIN?
Ekta Foundation's EIN (Employer Identification Number) is 26-1644753. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Ekta Foundation'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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