Shah Family Foundation Inc
Shah Family Foundation Inc is a private foundation, based in Short Hills, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $487K in total assets. In 2024, it awarded 5 grants totaling $31K. Net investment income was $27K.
Shah Family Foundation Inc at a glance
In short: Shah Family Foundation Inc gave $31K across 5 grants in 2024 (avg $6K), mostly in New Jersey. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $30,750
- -16.8% vs 2023
- Grants made (2024)
- 5
- -37.5% vs 2023
- Average grant
- $6,150
- +33.2% vs 2023
- Median grant
- $1,000
- Total assets
- $486,774
- -1.5% vs 2023
- Primary geography
- New Jersey (97% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who Shah Family Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
The largest 2024 recipient was Our House Inc ($28K). Together the top 5 received $31K.
Grant Size Distribution
29 grants across all recorded years
The most common grant size was under $50K: 29 grants of 29 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 5 itemized grants.
States
Cities
How Shah Family Foundation Inc gives
- Giving grew 86% from 2021 to 2024. Method
- In 2024 it paid out 80% 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 2020 to 2024, annual grant giving ranged from $13K (2020) to $37K (2023). In 2024 it made 5 grants totaling $31K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Our House Inc New Providence, NJ | Charity | $27,500 |
| Hindu Samaj Mandir Mahwah, NJ | Charity | $1,000 |
| Bhagini Kala Mandir Baldwin, NY | Charity | $1,000 |
| Our House Foundation New Providence, NJ | Charitable | $750 |
| Millburn Inspire Inc Maplewood, NJ | Charity | $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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $486,774 | $27,032 | $31,154 | $30,750 | 5 | $30,750 | $26,628 | $38,491 |
| 2023 | $494,129 | $33,154 | $37,252 | $36,950 | 8 | $36,950 | $32,852 | $33,154 |
| 2022 | $484,809 | $19,568 | $28,163 | $27,950 | 7 | $27,950 | $19,355 | $32,369 |
| 2021 | $491,330 | $215,011 | $16,588 | $16,500 | 6 | $16,500 | $8,425 | $25,497 |
| 2020 | $275,164 | $221,838 | $12,523 | $12,500 | 3 | — | $6,182 | $10,825 |
Under IRS private-foundation payout rules, Shah Family Foundation Inc reported a distributable amount of $38K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Shah Family Foundation Inc is led by Mehul Shah, President on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Mehul Shah
President
On filings since 2020
No compensation reported
Atul T. Shah
Director
On filings since 2020
No compensation reported
Maya Shah
Director
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 Shah Family Foundation Inc
How much does Shah Family Foundation Inc give each year?
Shah Family Foundation Inc gave $31K across 5 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $37K across 8 grants.
What is Shah Family Foundation Inc's typical grant size?
Shah Family Foundation Inc's median grant in 2024 was $1,000, and its average grant was $6,150, across 5 grants on its 2024 IRS Form 990-PF.
Where does Shah Family Foundation Inc give grants?
Shah Family Foundation Inc gives mostly in New Jersey: 97% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were New Providence, NJ (2 grants).
Does Shah Family Foundation Inc give general operating support?
Not in 2024: none of the 5 grants with a stated purpose on Shah Family Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charity" (4 grants).
Who are Shah Family Foundation Inc's largest grantees?
Shah Family Foundation Inc's largest 2024 grantees include Our House Inc ($27,500), Hindu Samaj Mandir ($1,000) and Bhagini Kala Mandir ($1,000), according to its 2024 IRS Form 990-PF. Together they received 96% of its itemized 2024 grant dollars.
How large is Shah Family Foundation Inc?
Shah Family Foundation Inc reported $487K in total assets on its 2024 IRS Form 990-PF. It paid out $31K in qualifying distributions that year, against a required minimum of $38K (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 Shah Family Foundation Inc's EIN?
Shah Family Foundation Inc's EIN (Employer Identification Number) is 36-4955617. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 15, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 14, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 14, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 17, 2025)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Shah Family Foundation Inc funds
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