The Kanakia Foundation

Private foundation · Grantmaker Green Cove Springs, FL EIN: 52-2208477

The Kanakia Foundation is a private foundation focused on Social Science, based in Green Cove Springs, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $87K in total assets. In 2024, it awarded 1 grant totaling $430K. Net investment income was $351K.

Key facts about The Kanakia Foundation

In short: The Kanakia Foundation gave $430K across 1 grant in 2024 (avg $430K), mostly in California. Source: 2024 IRS Form 990-PF.

EIN
52-2208477
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$430,000
Grants made (2024)
1
Average grant
$430,000
Median grant
$430,000
Total assets
$86,917
Primary geography
California (100% of itemized 2024 grant dollars)

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

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$87K

-22.1% YoY

Annual Giving

$430K

-4.4% YoY

Grant Count

1

+0.0% YoY

Avg Grant Size

$430K

-4.4% YoY

How The Kanakia Foundation gives

  • Giving grew 8500% from 2021 to 2024. Method
  • In 2021 it paid out 313% of its IRS minimum distribution (the 5% rule). 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 the 2024 grant dollars on its one itemized grant.

Cities

Palo AltoHoustonLittle Rock

Giving Over Time

Total grant dollars and number of grants per year

$0$200K$400K$600K2 grants2020 1 grant2021 2 grants2022 1 grant2023 1 grant2024

From 2020 to 2024, annual grant giving ranged from $5K (2021) to $450K (2023). In 2024 it made 1 grant totaling $430K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top recipient in 2024

Maker Bavan Foundation: $430KMaker Bavan Foundation$430K

The largest 2024 recipient was Maker Bavan Foundation ($430K).

Grant Size Distribution

7 grants across all recorded years

3<$50K$50–100K$100–250K4$250–500K$500K–1M$1–5M$5M+

The most common grant size was in the $250–500K range: 4 grants of 7 (57%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Maker Bavan Foundation Palo Alto, CATo promote education$430,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$500K$1M$1.5M2020 2021 2022 2023 2024
Metric202420232022
Total Assets$86,917$111,546$747,213
Revenue$422,777$594,449$989,895
Expenses$447,406$458,224$405,675
Qualifying Distributions$430,000$450,000$405,000
Net Investment Income$351,459$266,891$210,508

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

The Kanakia Foundation's 2024 filing lists 3 officers; none of the 3 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Bhanuben Kanakia

    Director

    On filings since 2020

    1 hr/week

    No compensation reported

  • Hemant Kanakia

    Director

    On filings since 2020

    1 hr/week

    No compensation reported

  • Sonalde Desai

    Director

    On filings since 2020

    1 hr/week

    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 The Kanakia Foundation

How much does The Kanakia Foundation give each year?

The Kanakia Foundation gave $430K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $450K across 1 grant.

How large is The Kanakia Foundation?

The Kanakia Foundation reported $87K in total assets on its 2024 IRS Form 990-PF. Its revenue that year was $423K.

What is The Kanakia Foundation?

The Kanakia Foundation is a private foundation focused on Social Science, based in Green Cove Springs, FL. It holds $87K in total assets as of 2024.

Where does The Kanakia Foundation operate?

The Kanakia Foundation has awarded grants in Arkansas, California, Texas.

What is The Kanakia Foundation's EIN?

The Kanakia Foundation's EIN (Employer Identification Number) is 52-2208477. IRS Form 990 filing data is available on this page for 2020–2024.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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