Palkhiwala Charitable Foundation Inc
Palkhiwala Charitable Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SOMERSET, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $121K in total assets. In 2024, it awarded 2 grants totaling $2K. Net investment income was $4K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$121K
+12.3% YoY
Annual Giving
$2K
-93.6% YoY
Grant Count
2
-77.8% YoY
Avg Grant Size
$797.5
-71.2% YoY
Under IRS private-foundation payout rules, Palkhiwala Charitable Foundation Inc reported a distributable amount of $8K for 2024 — the minimum it must pay out in qualifying distributions.
About Palkhiwala Charitable Foundation Inc
Based on IRS filings
Palkhiwala Charitable Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SOMERSET, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $121K in total assets. In 2024, it awarded 2 grants totaling $2K. Net investment income was $4K.
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 | $121,320 | $107,985 | $118,560 |
| Revenue | $16,884 | $15,983 | $11,412 |
| Expenses | $3,536 | $26,553 | $4,813 |
| Qualifying Distributions | $2,566 | $24,903 | $3,101 |
| Net Investment Income | $3,693 | $3,330 | $2,819 |
| Distributable Amount | $7,709 | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
19 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Ekal Vidyalaya Foundation ($1,095), Hindu Samaj of Mahwah ($500).
| Recipient | Purpose | Amount |
|---|---|---|
| EKAL VIDYALAYA FOUNDATION HOUSTON, TX | UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. | $1,095 |
| HINDU SAMAJ OF MAHWAH MAHWAH, NJ | UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. | $500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ARUN J PALKHIWALA | TRUSTEE | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Palkhiwala Charitable Foundation Inc?
Palkhiwala Charitable Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SOMERSET, NJ. It holds $121K in total assets as of 2024.
How large is Palkhiwala Charitable Foundation Inc?
As of 2024, Palkhiwala Charitable Foundation Inc holds $121K in total assets with $17K in annual revenue. It awarded 2 grants totaling $2K in 2024.
Where does Palkhiwala Charitable Foundation Inc operate?
Palkhiwala Charitable Foundation Inc has awarded grants in New Jersey, New York, Texas.
What size grants does Palkhiwala Charitable Foundation Inc award?
In 2024, Palkhiwala Charitable Foundation Inc awarded 2 grants totaling $2K — an average of about $797.5 per grant, based on its IRS Form 990 filings.
How much is Palkhiwala Charitable Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Palkhiwala Charitable Foundation Inc reported a distributable amount of $8K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Palkhiwala Charitable Foundation Inc's EIN?
Palkhiwala Charitable Foundation Inc's EIN (Employer Identification Number) is 46-4215005. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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