Mukul and Suman Sharma Foundation
Mukul and Suman Sharma Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in AUSTIN, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $310K in total assets. In 2024, it awarded 8 grants totaling $15K. Net investment income was $20K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$310K
+0.2% YoY
Annual Giving
$15K
+11.1% YoY
Grant Count
8
+14.3% YoY
Avg Grant Size
$2K
-2.8% YoY
Under IRS private-foundation payout rules, Mukul and Suman Sharma Foundation reported a distributable amount of $14K for 2024 — the minimum it must pay out in qualifying distributions.
About Mukul and Suman Sharma Foundation
Based on IRS filings
Mukul and Suman Sharma Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in AUSTIN, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $310K in total assets. In 2024, it awarded 8 grants totaling $15K. Net investment income was $20K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $309,517 | $308,837 | $297,203 |
| Revenue | $23,412 | $27,187 | $16,171 |
| Expenses | $15,851 | $14,337 | $14,121 |
| Qualifying Distributions | $15,000 | $13,500 | $13,250 |
| Net Investment Income | $19,760 | $14,157 | $15,811 |
| Distributable Amount | $13,704 | $12,354 | $12,511 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
Grant Size Distribution
34 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Pratham Usa ($5,000), Austin Speech Labs Inc ($2,500), Austin Hindu Temple ($2,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AFSSA AUSTIN, TX | CHILDREN, FAMILIES AND COMMUNITIES. | $1,500 |
| AUSTIN HINDU TEMPLE AUSTIN, TX | CHILDREN, FAMILIES AND COMMUNITIES. | $2,000 |
| AUSTIN SPEECH LABS INC AUSTIN, TX | CHILDREN, FAMILIES AND COMMUNITIES. | $2,500 |
| CHINMAYA MISSION AUSTIN, TX | CHILDREN, FAMILIES AND COMMUNITIES. | $1,000 |
| IACT - INTERFAITH ACTION OF CENTRAL TEXAS AUSTIN, TX | CHILDREN, FAMILIES AND COMMUNITIES. | $1,500 |
| PRATHAM USA HOUSTON, TX | CHILDREN, FAMILIES AND COMMUNITIES. | $5,000 |
| SAIVA AUSTIN AUSTIN, TX | CHILDREN, FAMILIES AND COMMUNITIES. | $1,000 |
| VEDANTA CENTER OF GREATER AUSTIN AUSTIN, TX | CHILDREN, FAMILIES AND COMMUNITIES. | $500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MUKUL M SHARMA | PRESIDENT | 5 | — |
| SUMAN SHARMA | CFO | 5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Mukul and Suman Sharma Foundation?
Mukul and Suman Sharma Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in AUSTIN, TX. It holds $310K in total assets as of 2024.
How large is Mukul and Suman Sharma Foundation?
As of 2024, Mukul and Suman Sharma Foundation holds $310K in total assets with $23K in annual revenue. It awarded 8 grants totaling $15K in 2024.
Where does Mukul and Suman Sharma Foundation operate?
Mukul and Suman Sharma Foundation has awarded grants in California, Texas.
What size grants does Mukul and Suman Sharma Foundation award?
In 2024, Mukul and Suman Sharma Foundation awarded 8 grants totaling $15K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Mukul and Suman Sharma Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Mukul and Suman Sharma Foundation reported a distributable amount of $14K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
Explore Open Grants
Browse active grant opportunities in Mukul and Suman Sharma Foundation'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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