The Kanakia Foundation
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.
The Kanakia Foundation at a glance
In short: The Kanakia Foundation gave $430K across 1 grant in 2024 (avg $430K), mostly in California. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $430,000
- -4.4% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $430,000
- -4.4% vs 2023
- Median grant
- $430,000
- Total assets
- $86,917
- -22.1% vs 2023
- Primary geography
- California (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Kanakia Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Maker Bavan Foundation ($430K).
Grant Size Distribution
7 grants across all recorded years
The most common grant size was in the $250–500K range: 4 grants of 7 (57%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $5K (2021) to $450K (2023). In 2024 it made 1 grant totaling $430K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Maker Bavan Foundation Palo Alto, CA | To promote education | $430,000 |
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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 | $86,917 | $422,777 | $447,406 | $430,000 | 1 | $430,000 | $351,459 | — |
| 2023 | $111,546 | $594,449 | $458,224 | $450,000 | 1 | $450,000 | $266,891 | — |
| 2022 | $747,213 | $989,895 | $405,675 | $405,000 | 2 | $405,000 | $210,508 | — |
| 2021 | $162,993 | $168,860 | $17,968 | $5,000 | 1 | $5,000 | — | $1,596 |
| 2020 | $12,101 | $62,252 | $256,679 | $255,000 | 2 | — | $62,083 | — |
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.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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