The Shah Family Foundation Inc
The Shah Family Foundation Inc is a private foundation, based in Atlanta, GA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $10.1M in total assets. In 2024, it awarded 5 grants totaling $333K. Net investment income was $771K.
The Shah Family Foundation Inc at a glance
In short: The Shah Family Foundation Inc gave $333K across 5 grants in 2024 (avg $67K), mostly in North Carolina. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $333,138
- +217.3% vs 2023
- Grants made (2024)
- 5
- +0.0% vs 2023
- Average grant
- $66,628
- +217.3% vs 2023
- Median grant
- $25,000
- Total assets
- $10,061,713
- +10.6% vs 2023
- Primary geography
- North Carolina (74% 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 Shah Family Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
The largest 2024 recipient was Wake Forest University ($247K). Together the top 5 received $333K.
Grant Size Distribution
22 grants across all recorded years
The most common grant size was under $50K: 17 grants of 22 (77%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 5 itemized grants.
States
Cities
How The Shah Family Foundation Inc gives
- Giving grew 47% from 2021 to 2024. Method
- In 2024 it paid out 74% 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 $105K (2023) to $719K (2022). In 2024 it made 5 grants totaling $333K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Wake Forest University Winston-Salem, NC | Education | $246,638 |
| American Heart Association Tempe, AZ | PUBLIC | $35,000 |
| Atlanta Hawks Foundation Inc Atlanta, GA | PUBLIC | $25,000 |
| Muscular Dystrophy Association Chicago, IL | PUBLIC | $24,000 |
| Raksha Inc Atlanta, GA | PUBLIC | $2,500 |
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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 | $10,061,713 | $875,480 | $355,200 | $333,138 | 5 | $337,235 | $770,715 | $455,333 |
| 2023 | $9,098,419 | $419,736 | $128,059 | $105,000 | 5 | $109,296 | $439,126 | $384,877 |
| 2022 | $7,013,333 | $686,570 | $750,300 | $718,684 | 3 | $722,635 | $360,174 | $380,418 |
| 2021 | $9,530,392 | $1,475,817 | $258,731 | $227,200 | 4 | $229,880 | $711,608 | $378,657 |
| 2020 | $6,934,493 | $646,108 | $518,734 | $503,466 | 5 | — | $362,574 | $311,299 |
Under IRS private-foundation payout rules, The Shah Family Foundation Inc reported a distributable amount of $455K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Shah Family Foundation Inc is led by Reshma Shah, President on every filing since 2020; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Reshma Shah
President
On filings since 2020
2 hrs/week
No compensation reported
Justin Berman
Trustee
On filings since 2020
1 hr/week
No compensation reported
Mike Drum
Trustee
On filings since 2020
1 hr/week
No compensation reported
Rajesh Shah
Trustee
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 Shah Family Foundation Inc
How much does The Shah Family Foundation Inc give each year?
The Shah Family Foundation Inc gave $333K across 5 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $105K across 5 grants.
What is The Shah Family Foundation Inc's typical grant size?
The Shah Family Foundation Inc's median grant in 2024 was $25,000, and its average grant was $66,628, across 5 grants on its 2024 IRS Form 990-PF.
Where does The Shah Family Foundation Inc give grants?
The Shah Family Foundation Inc gives mostly in North Carolina: 74% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Arizona (11%) and Georgia (8%). The most frequent recipient cities were Atlanta, GA (2 grants).
Does The Shah Family Foundation Inc give general operating support?
Not in 2024: none of the 5 grants with a stated purpose on The Shah Family Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Public" (4 grants).
Who are The Shah Family Foundation Inc's largest grantees?
The Shah Family Foundation Inc's largest 2024 grantees include Wake Forest University ($246,638), American Heart Association ($35,000) and Atlanta Hawks Foundation Inc ($25,000), according to its 2024 IRS Form 990-PF. Together they received 92% of its itemized 2024 grant dollars.
How large is The Shah Family Foundation Inc?
The Shah Family Foundation Inc reported $10.1M in total assets on its 2024 IRS Form 990-PF. It paid out $337K in qualifying distributions that year, against a required minimum of $455K (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 The Shah Family Foundation Inc's EIN?
The Shah Family Foundation Inc's EIN (Employer Identification Number) is 35-2433421. 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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