Makadia Legacy Foundation Inc

ALLEN, TX EIN: 93-3578161

Makadia Legacy Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ALLEN, TX. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $6K in total assets. In 2024, it awarded 4 grants totaling $5K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$6K

-93.3% YoY

Annual Giving

$5K

+8.9% YoY

Grant Count

+100.0% YoY

Avg Grant Size

$1K

-45.6% YoY

Under IRS private-foundation payout rules, Makadia Legacy Foundation Inc reported a distributable amount of $2K for 2024 — the minimum it must pay out in qualifying distributions.

About Makadia Legacy Foundation Inc

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Texas $7K (91%)

Florida $519 (7%)

California $120 (2%)

States

California Florida Texas

Cities

DallasMilpitasRichardsonSt Petersburg

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023
Total Assets	$5,559	$82,530
Revenue	—	$99,209
Expenses	$75,344	$18,879
Qualifying Distributions	$75,344	—
Net Investment Income	—	—
Distributable Amount	$2,216	—

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

6 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Methodist Richardson Medical Founda ($4,061), Childrens Dream Fund ($519), Holy Trinity Greek Orthodox Church ($200).

Recipient	Purpose	Amount
Methodist Richardson Medical Founda Richardson, TX	Charity	$4,061
Sankara Eye Foundation Milpitas, CA	Charity	$120
Holy Trinity Greek Orthodox Church Dallas, TX	Charity	$200
Childrens Dream Fund St Petersburg, FL	Charity	$519

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
PARIN MAKADIA	President	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Makadia Legacy Foundation Inc?

Makadia Legacy Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ALLEN, TX. It holds $6K in total assets as of 2024.

How large is Makadia Legacy Foundation Inc?

As of 2024, Makadia Legacy Foundation Inc holds $6K in total assets. It awarded 4 grants totaling $5K in 2024.

Where does Makadia Legacy Foundation Inc operate?

Makadia Legacy Foundation Inc has awarded grants in California, Florida, Texas.

What size grants does Makadia Legacy Foundation Inc award?

In 2024, Makadia Legacy Foundation Inc awarded 4 grants totaling $5K — an average of about $1K per grant, based on its IRS Form 990 filings.

How much is Makadia Legacy Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Makadia Legacy Foundation Inc reported a distributable amount of $2K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.