Hemant Shah Family Foundation Inc
Hemant Shah Family Foundation Inc is a private foundation based in Jersey City, New Jersey. Its 2024 filing lists charitable grants to organizations in several states, with each grant’s purpose recorded as “CHARITY.”
Hemant Shah Family Foundation Inc at a glance
In short: Hemant Shah Family Foundation Inc gave $444K across 10 grants in 2024 (avg $44K), top state New Jersey. 80% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $444,300
- +746.8% vs 2023
- Grants made (2024)
- 10
- +25.0% vs 2023
- Average grant
- $44,430
- +577.5% vs 2023
- Median grant
- $20,800
- Total assets
- $2,136,361
- +57.4% vs 2023
- New grantees (estimate)
- 80% first-time grantees (8 of 10, 2024; small sample)
- Primary geography
- New Jersey (41% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Hemant Shah Family Foundation Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 297 Central Avenue, Jersey City, NJ 07307
Phone: (201) 759-3202
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Hemant Shah Family Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Pandit Todarmal Sarvodaya Trust ($121K). Together the top 10 received $444K.
Grant Size Distribution
43 grants across all recorded years
The most common grant size was under $50K: 37 grants of 43 (86%).
Geographic Focus
Where this funder awards grants
The 2024 filing’s recipient-state breakdown lists 41% of grant dollars for New Jersey, 5% for Florida, and 0% for Virginia. It also lists 53% under “?”, without identifying a state.
Grant Distribution by State
Share of 2024 grant dollars across all 10 itemized grants.
Cities
Is Hemant Shah Family Foundation Inc open to new grantees?
80%
first-time grantees, 2024
In 2024, 8 of 10 grantees (80%) were first-time recipients. With only 10 grantees, that is a small sample: one grantee more or less moves the share by about 10 points. First grants averaged $46K; repeat grants $38K. How we count
Medians: $21K first-time, $38K repeat.
- 20% of 2024 grantees were also funded in 2023. Method
- Giving grew 1844% from 2021 to 2024. Method
- In 2024 it paid out 717% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). 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 $12K (2020) to $444K (2024). In 2024 it made 10 grants totaling $444K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Pandit Todarmal Sarvodaya Trust | Charity | $121,000 |
| St Joseph School for Blind Jersey City, NJ | Charity | $90,000 |
| Sadvichar Parivar | Charity | $90,000 |
| Siddhachalam Jain Temple Blairstown, NJ | Charity | $75,000 |
| Jain Association of North America South Daytona, FL | Charity | $24,100 |
| Shree Satshrut Seva Sadhana Kendra | Charity | $17,500 |
| Hoboken University Medical Center Hoboken, NJ | Charity | $17,350 |
| Shree Gunalit Jyot Mahila Trust | Charity | $9,000 |
| Washington Community Church Alexandria, VA | Charity | $250 |
| Shriners Hospitals Tampa, FL | Charity | $100 |
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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 | $2,136,361 | $1,363,805 | $465,637 | $444,300 | 10 | $444,300 | $1,224,856 | $61,977 |
| 2023 | $1,357,257 | $192,582 | $101,509 | $52,466 | 8 | $52,466 | $35,545 | $48,830 |
| 2022 | $1,266,184 | $375,545 | $264,529 | $177,946 | 9 | $177,946 | $166,856 | $14,728 |
| 2021 | $1,151,118 | $369,067 | $63,428 | $22,851 | 6 | $22,851 | $37,463 | $2,309 |
| 2020 | $841,879 | $162,843 | $52,878 | $11,855 | 10 | — | $29,652 | $23,077 |
Under IRS private-foundation payout rules, Hemant Shah Family Foundation Inc reported a distributable amount of $62K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement is provided. The 2024 filing records grants for charity but does not specify further funding areas.
Grantmaking
In 2024, the foundation gave 10 grants totaling $444,300. Grant amounts ranged from $100 to $121,000, with a median of $20,800. Larger grants included $121,000 to Pandit Todarmal Sarvodaya Trust, $90,000 each to St Joseph School for Blind and Sadvichar Parivar, and $75,000 to Siddhachalam Jain Temple.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Hemant Shah as president.
Hemant Shah Family Foundation Inc is led by Hemant Shah, President on every filing since 2020 — the only officer listed, and uncompensated.
Officers on the 2024 filing
Hemant Shah
President
On filings since 2020
No compensation reported
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 Hemant Shah Family Foundation Inc
How much does Hemant Shah Family Foundation Inc give each year?
Hemant Shah Family Foundation Inc gave $444K across 10 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $52K across 8 grants.
What is Hemant Shah Family Foundation Inc's typical grant size?
Hemant Shah Family Foundation Inc's median grant in 2024 was $20,800, and its average grant was $44,430, across 10 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Hemant Shah Family Foundation Inc that year got $46K on average.
Where does Hemant Shah Family Foundation Inc give grants?
Hemant Shah Family Foundation Inc's top state is New Jersey, with 41% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest state was Florida (5%).
Does Hemant Shah Family Foundation Inc give general operating support?
Not in 2024: none of the 10 grants with a stated purpose on Hemant Shah Family Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charity" (10 grants).
Who are Hemant Shah Family Foundation Inc's largest grantees?
Hemant Shah Family Foundation Inc's largest 2024 grantees include Pandit Todarmal Sarvodaya Trust ($121,000), St Joseph School for Blind ($90,000) and Sadvichar Parivar ($90,000), according to its 2024 IRS Form 990-PF. Together they received 68% of its itemized 2024 grant dollars.
How large is Hemant Shah Family Foundation Inc?
Hemant Shah Family Foundation Inc reported $2.1M in total assets on its 2024 IRS Form 990-PF. It paid out $444K in qualifying distributions that year, against a required minimum of $62K (roughly 5% of its investment assets).
What does Hemant Shah Family Foundation Inc fund?
No mission statement is provided. The 2024 filing records grants for charity but does not specify further funding areas. See mission & focus areas ↑
How do I apply for a grant from Hemant Shah Family Foundation Inc?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Hemant Shah Family Foundation Inc's EIN?
Hemant Shah Family Foundation Inc's EIN (Employer Identification Number) is 26-2832659. IRS Form 990 filing data is available on this page for 2020–2024.
Does Hemant Shah Family Foundation Inc 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 September 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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