Hemant Shah Family Foundation Inc
Hemant Shah Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in JERSEY CITY, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.1M in total assets. In 2024, it awarded 10 grants totaling $444K. Net investment income was $1.2M.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.1M
+57.4% YoY
Annual Giving
$444K
+746.8% YoY
Grant Count
10
+25.0% YoY
Avg Grant Size
$44K
+577.5% YoY
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.
About Hemant Shah Family Foundation Inc
Based on IRS filings
Hemant Shah Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in JERSEY CITY, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.1M in total assets. In 2024, it awarded 10 grants totaling $444K. Net investment income was $1.2M.
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 | $2,136,361 | $1,357,257 | $1,266,184 |
| Revenue | $1,363,805 | $192,582 | $375,545 |
| Expenses | $465,637 | $101,509 | $264,529 |
| Qualifying Distributions | $444,300 | $52,466 | $177,946 |
| Net Investment Income | $1,224,856 | $35,545 | $166,856 |
| Distributable Amount | $61,977 | $48,830 | $14,728 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
43 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Pandit Todarmal Sarvodaya Trust ($121,000), St Joseph School for Blind ($90,000), Sadvichar Parivar ($90,000).
| Recipient | Purpose | Amount |
|---|---|---|
| SIDDHACHALAM JAIN TEMPLE BLAIRSTOWN, NJ | CHARITY | $75,000 |
| JAIN ASSOCIATION OF NORTH AMERICA SOUTH DAYTONA, FL | CHARITY | $24,100 |
| PANDIT TODARMAL SARVODAYA TRUST | CHARITY | $121,000 |
| SHRINERS HOSPITALS TAMPA, FL | CHARITY | $100 |
| ST JOSEPH SCHOOL FOR BLIND JERSEY CITY, NJ | CHARITY | $90,000 |
| WASHINGTON COMMUNITY CHURCH ALEXANDRIA, VA | CHARITY | $250 |
| HOBOKEN UNIVERSITY MEDICAL CENTER HOBOKEN, NJ | CHARITY | $17,350 |
| SHREE GUNALIT JYOT MAHILA TRUST | CHARITY | $9,000 |
| SHREE SATSHRUT SEVA SADHANA KENDRA | CHARITY | $17,500 |
| SADVICHAR PARIVAR | CHARITY | $90,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| HEMANT SHAH | PRESIDENT | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Hemant Shah Family Foundation Inc?
Hemant Shah Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in JERSEY CITY, NJ. It holds $2.1M in total assets as of 2024.
How large is Hemant Shah Family Foundation Inc?
As of 2024, Hemant Shah Family Foundation Inc holds $2.1M in total assets with $1.4M in annual revenue. It awarded 10 grants totaling $444K in 2024.
Where does Hemant Shah Family Foundation Inc operate?
Hemant Shah Family Foundation Inc has awarded grants in California, Florida, Georgia, Illinois, Maryland, New Jersey, New York, Pennsylvania, Tennessee, Texas, Virginia.
What size grants does Hemant Shah Family Foundation Inc award?
In 2024, Hemant Shah Family Foundation Inc awarded 10 grants totaling $444K — an average of about $44K per grant, based on its IRS Form 990 filings.
How much is Hemant Shah Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Hemant Shah Family Foundation Inc reported a distributable amount of $62K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Hemant Shah Family 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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