Makadia Legacy Foundation Inc
Makadia Legacy Foundation Inc is a private foundation, based in Allen, TX. IRS filing data is available from 2023 through 2025. As of 2025, the organization holds $40K in total assets. In 2025, it awarded 2 grants totaling $3K.
Makadia Legacy Foundation Inc at a glance
In short: Makadia Legacy Foundation Inc gave $3K across 2 grants in 2025 (avg $1K), mostly in Texas. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $2,934
- -40.1% vs 2024
- Grants made (2025)
- 2
- -50.0% vs 2024
- Average grant
- $1,467
- +19.8% vs 2024
- Median grant
- $1,467
- Total assets
- $40,412
- +627.0% vs 2024
- Primary geography
- Texas (56% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Makadia Legacy Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Methodist Richardson Medical Founda ($2K). Together the top 2 received $3K.
Grant Size Distribution
8 grants across all recorded years
The most common grant size was under $50K: 8 grants of 8 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
Cities
How Makadia Legacy Foundation Inc gives
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2023 to 2025, annual grant giving ranged from $3K (2025) to $5K (2024). In 2025 it made 2 grants totaling $3K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Methodist Richardson Medical Founda Richardson, TX | Charity | $1,648 |
| KPSNA Charitable Foundation Waxhaw, NC | Charity | $1,286 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2025 | $40,412 | $50,000 | $15,147 | $2,934 | 2 | $2,934 | — |
| 2024 | $5,559 | — | $75,344 | $4,900 | 4 | $75,344 | $2,216 |
| 2023 | $82,530 | $99,209 | $18,879 | $4,500 | 2 | — | — |
Leadership & Key People
Officers and directors from IRS filings
Makadia Legacy Foundation Inc is led by Parin Makadia, President on every filing since 2023 — the only officer listed, and uncompensated.
Officers on the 2025 filing
Parin Makadia
President
On filings since 2023
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2023–2025. "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 Makadia Legacy Foundation Inc
How much does Makadia Legacy Foundation Inc give each year?
Makadia Legacy Foundation Inc gave $3K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $5K across 4 grants.
How large is Makadia Legacy Foundation Inc?
Makadia Legacy Foundation Inc reported $40K in total assets on its 2025 IRS Form 990-PF. Its revenue that year was $50K.
Where does Makadia Legacy Foundation Inc operate?
Makadia Legacy Foundation Inc has awarded grants in California, Florida, North Carolina, Texas.
What is Makadia Legacy Foundation Inc's EIN?
Makadia Legacy Foundation Inc's EIN (Employer Identification Number) is 93-3578161. IRS Form 990 filing data is available on this page for 2023–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS June 11, 2026)
- IRS filings on file for fiscal years 2023–2024
Live grants for the work Makadia Legacy Foundation Inc funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Makadia Legacy Foundation Inc's focus areas in our free grants database
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