The Sanjay Shah Foundation, also known as the Vistex Foundation, is a private 501(c)(3) foundation located in Hoffman Estates, Illinois. The foundation was established in 2016 and operates as a grantmaking organization focused on supporting nonprofits in health, education, and basic needs programming.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$168K
+11.9% YoY
Grant Count
3
-50.0% YoY
Avg Grant Size
$56K
+123.9% YoY
Mission & Focus Areas
The foundation's primary focus areas include:
- Food pantries and food banks
- Living assistance programs
- Housing programs and support for homeless families
- Scholarship and education programs
- Health initiatives
Grantmaking
The foundation made 100 grants in the most recent year, with recent notable grants including:
Grant Range
s:**
Average Grant
$9,200
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Geographic Focus
Where this funder awards grants
The foundation operates in Illinois, with a particular focus on the Hoffman Estates area and surrounding communities.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Year (2024):
- Total Assets: $4,370,730
- Total Revenues: $296,002
- Total Expenses: $179,805
- Investment Income and Dividends: $295,500
Prior Year (2023):
- Total Assets: $4,260,000
- Total Revenues: $369,000
- Total Expenses: $154,000
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
77 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Sanjay Shah - Founder and President (deceased January 2024)
- Arun Roy - Treasurer
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| HEMALI SHAH | PRESIDENT | 1 | — |
| ARUN ROY | TREASURER | 1 | — |
Recent News & Activity
Recent developments and announcements
Sanjay Shah, the founder of Vistex and founder of the Sanjay Shah Foundation, passed away unexpectedly on January 22, 2024, following a tragic accident at a company event on January 18, 2024. Shah was described as an extraordinary leader and self-made entrepreneur who had a deep-felt desire to give back to the community through the foundation's philanthropic work.
Wadhwani Foundation appoints Sanjay Shah as Chief Operating Officer for IndiaSubject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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