The Kanak & Prabha Golia Foundation is a private foundation based in Manhasset, New York. Established in 2007 and granted tax-exempt status in March 2009, the foundation operates as a 501(c)(3) organization designated for educational, charitable, and philanthropic purposes. The foundation generates revenue through unrelated interest income from bank accounts and dividend income from corporate and U.S. bonds and securities, which it uses to support its grantmaking activities.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$15.4M
+23.2% YoY
Annual Giving
$1.3M
+67.8% YoY
Grant Count
23
-4.2% YoY
Avg Grant Size
$58K
+75.1% YoY
Under IRS private-foundation payout rules, Kanak & Prabha Golia Foundation reported a distributable amount of $642K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's primary purpose is to make grants to organizations while generating investment income. Its grantmaking focuses on:
- Education (including higher education, charter schools, and K-12 schools)
- Philanthropy, voluntarism, and grantmaking
- Human services
- Head Start programs
Grantmaking
The foundation does not currently list active grant opportunities or formal application guidelines in available sources.
Grant Range
$5,200
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in New York, New Jersey, and California.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Current Financial Position (2024):
- Total assets: $15,435,899
- Total revenue: $4,283,871
- Total expenses: $1,374,515
- Total liabilities: $0
Historical Assets (2023):
- Total assets: $12.5–$13 million
- Total revenue: $3.57 million
- Total expenses: $819,000
The foundation maintains a strong financial position with no outstanding liabilities and consistent year-over-year growth in assets.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $15,435,899 | $12,526,543 | $9,785,089 |
| Revenue | $4,283,871 | $3,567,461 | $3,313,185 |
| Expenses | $1,374,515 | $819,007 | $557,961 |
| Qualifying Distributions | $1,343,254 | $800,483 | $535,178 |
| Net Investment Income | $612,305 | $459,880 | $242,023 |
| Distributable Amount | $642,026 | $519,595 | $410,085 |
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
123 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Shri Nakoda Paras Bherav ($805,000), Veerayatan International ($133,001), Siddhachalam Jain Tirth ($121,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN UNIVERSITY OF ANTIGUA NEW YORK, NY | CHARITY | $7,000 |
| CUNYEDU NEW YORK, NY | CHARITY | $8,995 |
| JAIN CENTER OF AMERICA NEW HYDE PARK, NY | CHARITY | $22,230 |
| MANAV MANDIR MISSION | CHARITY | $34,704 |
| REGENTS OF THE UNIVERSITY OF CALIFO OAKLAND, CA | CHARITY | $20,814 |
| SHEOWS CARES FOUNDATION NEW YORK, NY | CHARITY | $5,500 |
| SHRI NAKODA PARAS BHERAV | CHARITY | $805,000 |
| SIDDHACHALAM JAIN TIRTH BLAIRSTOWN, NJ | CHARITY | $121,000 |
| STONYBROOK SCHOOL STONY BROOK, NY | CHARITY | $32,214 |
| VEERAYATAN INTERNATIONAL | CHARITY | $133,001 |
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is managed by the following trustees and officers:
- Kanak Golia – Managing Trustee
- Prabha Golia – Secretary
- Piyush Golia – Managing Trustee
- Roma Golia – Trustee
- Preeti Mehta – Trustee
- Nilesh Mehta – Trustee
All leadership members serve on a part-time basis (0.5 hours per week) and receive no compensation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KANAK GOLIA | MANAGING TRU | 0.5 | — |
| PRABHA GOLIA | SECRETARY | 0.5 | — |
| PIYUSH GOLIA | MANAGING TRU | 0.5 | — |
| ROMA GOLIA | TRUSTEE | 0.5 | — |
| PREETI MEHTA | TRUSTEE | 0.5 | — |
| NILESH MEHTA | TRUSTEE | 0.5 | — |
Contact Information
Address: 3 Lavenders Court, Manhasset, New York 11030
EIN: 20-8427663
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Kanak & Prabha Golia Foundation fund?
The foundation's primary purpose is to make grants to organizations while generating investment income. Its grantmaking focuses on: • Education (including higher education, charter schools, and K-12 schools) • Philanthropy, voluntarism, and grantmaking • Human services • Head Start programs
How do I apply for a grant from Kanak & Prabha Golia Foundation?
**Grant Activity:** • Total giving: $1,343,254 (2024) • Number of grants: 21 grants (2024) • Median grant size: $5,200 • Maximum grant award: $350,000 • Typical award range: $211–$805,000 **Recent Grantees (2024):** • Veerayatan International: $133,001 • Jain Temple of New York Corp: $28,839 • Jain Center of America: $22,230 The foundation does not currently list active grant opportunities or formal application guidelines in available sources.
Where does Kanak & Prabha Golia Foundation make grants?
The foundation primarily funds organizations in New York, New Jersey, and California.
What size grants does Kanak & Prabha Golia Foundation award?
In 2024, Kanak & Prabha Golia Foundation awarded 23 grants totaling $1.3M — an average of about $58K per grant, based on its IRS Form 990 filings.
How much is Kanak & Prabha Golia Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Kanak & Prabha Golia Foundation reported a distributable amount of $642K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Kanak & Prabha Golia Foundation's EIN?
Kanak & Prabha Golia Foundation's EIN (Employer Identification Number) is 20-8427663. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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