Shah Family Foundation Inc

Private foundation · Grantmaker Short Hills, NJ EIN: 36-4955617

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.

Key facts about Shah Family Foundation Inc

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.

EIN
36-4955617
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$30,750
Grants made (2024)
5
Average grant
$6,150
Median grant
$1,000
Total assets
$486,774
Primary geography
New Jersey (97% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated October 2026.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$487K

-1.5% YoY

Annual Giving

$31K

-16.8% YoY

Grant Count

5

-37.5% YoY

Avg Grant Size

$6K

+33.2% YoY

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.

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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

3states

Share of 2024 grant dollars across all 5 itemized grants.

Cities

New ProvidenceBellevilleMahwahNewyorkBasking RidgeRochelle ParkSomersetAlpineBaldwinJersey CityKansas CityLivingstonMaplewoodMilburnPiscataway

Giving Over Time

Total grant dollars and number of grants per year

$0$10K$20K$30K$40K3 grants2020 6 grants2021 7 grants2022 8 grants2023 5 grants2024

From 2020 to 2024, annual grant giving ranged from $13K (2020) to $37K (2023). In 2024 it made 5 grants totaling $31K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2024

Our House Inc: $28KOur House Inc$28KHindu Samaj Mandir: $1KHindu Samaj Mandir$1KBhagini Kala Mandir: $1KBhagini Kala Mandir$1KOur House Foundation: $750Our House Foundation$750Millburn Inspire Inc: $500Millburn Inspire Inc$500

The largest 2024 recipient was Our House Inc ($28K). Together the top 5 received $31K.

Grant Size Distribution

29 grants across all recorded years

29<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 29 grants of 29 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Our House Inc New Providence, NJCharity$27,500
Hindu Samaj Mandir Mahwah, NJCharity$1,000
Bhagini Kala Mandir Baldwin, NYCharity$1,000
Our House Foundation New Providence, NJCharitable$750
Millburn Inspire Inc Maplewood, NJCharity$500

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$100K$200K$300K2020 2021 2022 2023 2024
Metric202420232022
Total Assets$486,774$494,129$484,809
Revenue$27,032$33,154$19,568
Expenses$31,154$37,252$28,163
Qualifying Distributions$30,750$36,950$27,950
Net Investment Income$26,628$32,852$19,355
Distributable Amount$38,491$33,154$32,369

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS November 15, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS November 15, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS November 14, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS November 14, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS November 17, 2025)
  6. IRS filings on file for fiscal years 2020–2024

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.

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