Mukul and Suman Sharma Foundation
Mukul and Suman Sharma Foundation is a private foundation, based in Austin, TX. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $320K in total assets. In 2025, it awarded 6 grants totaling $12K. Net investment income was $26K.
Mukul and Suman Sharma Foundation at a glance
In short: Mukul and Suman Sharma Foundation gave $12K across 6 grants in 2025 (avg $2K), mostly in California. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $12,025
- -19.8% vs 2024
- Grants made (2025)
- 6
- -25.0% vs 2024
- Average grant
- $2,004
- +6.9% vs 2024
- Median grant
- $1,000
- Total assets
- $319,948
- +3.4% vs 2024
- Primary geography
- California (50% 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 Mukul and Suman Sharma Foundation funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2025
The largest 2025 recipient was IIT Kanpur Foundation ($6K). Together the top 6 received $12K.
Grant Size Distribution
38 grants across all recorded years
The most common grant size was under $50K: 38 grants of 38 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 6 itemized grants.
States
Cities
How Mukul and Suman Sharma Foundation gives
- Giving held roughly steady from 2022 to 2025 (−9%). Method
- In 2025 it paid out 89% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2019 to 2025, annual grant giving ranged from $10K (2020) to $15K (2021). In 2025 it made 6 grants totaling $12K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| IIT Kanpur Foundation Palo Alto, CA | Children, Families and Communities. | $6,025 |
| Austin Speech Labs Inc Austin, TX | Children, Families and Communities. | $2,500 |
| Austin Hindu Temple Austin, TX | Children, Families and Communities. | $1,000 |
| Chinmaya Mission Austin, TX | Children, Families and Communities. | $1,000 |
| Ganga Prem Hospice | Children, Families and Communities. | $1,000 |
| Icmca Austin, TX | Children, Families and Communities. | $500 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $319,948 | $26,800 | $12,920 | $12,025 | 6 | $12,025 | $26,223 | $13,490 |
| 2024 | $309,517 | $23,412 | $15,851 | $15,000 | 8 | $15,000 | $19,760 | $13,704 |
| 2023 | $308,837 | $27,187 | $14,337 | $13,500 | 7 | $13,500 | $14,157 | $12,354 |
| 2022 | $297,203 | $16,171 | $14,121 | $13,250 | 7 | $13,250 | $15,811 | $12,511 |
| 2021 | $277,921 | $12,790 | $15,617 | $15,001 | 10 | $15,001 | $12,174 | $13,381 |
| 2020 | $261,033 | $109,085 | $10,889 | $10,200 | 2 | — | $8,396 | $709 |
| 2019 | $141,710 | $11,677 | $15,585 | $14,550 | 6 | — | $76,885 | — |
Under IRS private-foundation payout rules, Mukul and Suman Sharma Foundation reported a distributable amount of $13K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Mukul and Suman Sharma Foundation is led by Mukul M. Sharma, President on every filing since 2019; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Mukul M. Sharma
President
On filings since 2019
5 hrs/week
No compensation reported
Suman Sharma
CFO
On filings since 2019
5 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "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 Mukul and Suman Sharma Foundation
How much does Mukul and Suman Sharma Foundation give each year?
Mukul and Suman Sharma Foundation gave $12K across 6 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $15K across 8 grants.
What is Mukul and Suman Sharma Foundation's typical grant size?
Mukul and Suman Sharma Foundation's median grant in 2025 was $1,000, and its average grant was $2,004, across 6 grants on its 2025 IRS Form 990-PF.
Where does Mukul and Suman Sharma Foundation give grants?
Mukul and Suman Sharma Foundation gives mostly in California: 50% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Texas (42%). The most frequent recipient cities were Austin, TX (4 grants).
Does Mukul and Suman Sharma Foundation give general operating support?
Not in 2025: none of the 6 grants with a stated purpose on Mukul and Suman Sharma Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Children, Families and Communities." (6 grants).
Who are Mukul and Suman Sharma Foundation's largest grantees?
Mukul and Suman Sharma Foundation's largest 2025 grantees include IIT Kanpur Foundation ($6,025), Austin Speech Labs Inc ($2,500) and Austin Hindu Temple ($1,000), according to its 2025 IRS Form 990-PF. Together they received 79% of its itemized 2025 grant dollars.
How large is Mukul and Suman Sharma Foundation?
Mukul and Suman Sharma Foundation reported $320K in total assets on its 2025 IRS Form 990-PF. It paid out $12K in qualifying distributions that year, against a required minimum of $13K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Mukul and Suman Sharma Foundation's EIN?
Mukul and Suman Sharma Foundation's EIN (Employer Identification Number) is 82-5285371. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS March 30, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS March 2, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 9, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 3, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS February 29, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 7, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 21, 2026)
- IRS filings on file for fiscal years 2019–2025
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