The Shah Karma Foundation Inc
The Shah Karma Foundation Inc is a nonprofit organization, based in Palm Harbor, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $304K in total assets. In 2024, it awarded 6 grants totaling $17K. Net investment income was $26K.
The Shah Karma Foundation Inc at a glance
In short: The Shah Karma Foundation Inc gave $17K across 6 grants in 2024 (avg $3K), top state Florida. Source: 2024 IRS Form 990 filing.
- Annual giving (2024)
- $16,701
- -5.4% vs 2023
- Grants made (2024)
- 6
- +100.0% vs 2023
- Average grant
- $2,784
- -52.7% vs 2023
- Median grant
- $2,526
- Total assets
- $303,617
- +6.5% vs 2023
- Primary geography
- Florida (48% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990 filing, 2024 View filing
Data from IRS Form 990 filing, 2024; updated September 2026.
Who The Shah Karma Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
The largest 2024 recipient was Akshaya Patra ($5K). Together the top 6 received $17K.
Grant Size Distribution
25 grants across all recorded years
The most common grant size was under $50K: 25 grants of 25 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 6 itemized grants.
Cities
How The Shah Karma Foundation Inc gives
- Giving held roughly steady from 2021 to 2024 (+15%). Method
- In 2021 it paid out 92% 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 $18K (2023). In 2024 it made 6 grants totaling $17K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Akshaya Patra Canoga Park, CA | Charitable | $5,000 |
| Ekal Vidyalaya Foundation of USA Houston, TX | Charitable | $3,650 |
| Jain Society of Tampabay Bradenton, FL | Charitable | $3,051 |
| Good Samaritan Health Clinic of Pasco New Port Richey, FL | Charitable | $2,000 |
| Cares Hudson, FL | Charitable | $1,500 |
| Lighhouse for the Visually Impaired & Blind New ort Richey, FL | Charitable | $1,500 |
Ready to take the next step with The Shah Karma Foundation Inc?
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 | $303,617 | $14,190 | $22,031 | $16,701 | 6 | — | $26,467 | — |
| 2023 | $284,990 | $16,088 | $19,330 | $17,653 | 3 | — | — | — |
| 2022 | $296,020 | $14,650 | $18,148 | $16,223 | 6 | $16,223 | $518 | — |
| 2021 | $292,696 | $12,842 | $16,259 | $14,475 | 5 | $14,475 | $30,606 | $15,802 |
| 2020 | $268,350 | $15,645 | $15,685 | $12,500 | 5 | — | $16,031 | $14,431 |
Leadership & Key People
Officers and directors from IRS filings
The Shah Karma Foundation Inc is led by Hemant N Shah, President & Treasurer on every filing since 2020; none of the 5 officers listed in 2024 report compensation.
Officers on the 2024 filing
Hemant N Shah
President & Treasurer
On filings since 2020
1 hr/week
No compensation reported
Madhvi H Shah
Director
On filings since 2020
1 hr/week
No compensation reported
Paras H Shah
Director
On filings since 2020
1 hr/week
No compensation reported
Pooja Kapadia
Director
On filings since 2020
1 hr/week
No compensation reported
Alka H Shah
Secretary
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 Karma Foundation Inc
How much does The Shah Karma Foundation Inc give each year?
The Shah Karma Foundation Inc gave $17K across 6 grants in 2024, according to its 2024 IRS Form 990 filing. In 2023 it gave $18K across 3 grants.
What is The Shah Karma Foundation Inc's typical grant size?
The Shah Karma Foundation Inc's median grant in 2024 was $2,526, and its average grant was $2,784, across 6 grants on its 2024 IRS Form 990 filing.
Where does The Shah Karma Foundation Inc give grants?
The Shah Karma Foundation Inc's top state is Florida, with 48% of the grant dollars itemized on its 2024 IRS Form 990 filing. The next largest states were California (30%) and Texas (22%).
Does The Shah Karma Foundation Inc give general operating support?
Not in 2024: none of the 6 grants with a stated purpose on The Shah Karma Foundation Inc's 2024 IRS Form 990 filing were described as general or operating support. Recurring purposes include "Charitable" (6 grants).
Who are The Shah Karma Foundation Inc's largest grantees?
The Shah Karma Foundation Inc's largest 2024 grantees include Akshaya Patra ($5,000), Ekal Vidyalaya Foundation of USA ($3,650) and Jain Society of Tampabay ($3,051), according to its 2024 IRS Form 990 filing. Together they received 70% of its itemized 2024 grant dollars.
How large is The Shah Karma Foundation Inc?
The Shah Karma Foundation Inc reported $304K in total assets on its 2024 IRS Form 990 filing. Its revenue that year was $14K.
What is The Shah Karma Foundation Inc's EIN?
The Shah Karma Foundation Inc's EIN (Employer Identification Number) is 83-2673194. 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
Live grants for the work The Shah Karma Foundation Inc funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
- Nixa Affiliate Grantmaking Program Up to US $10,000 · Due October 19, 2026
- Community and School Grants $28,000 total pool; 10-15 grants expected · Due October 19, 2026
- Mary Pinola/Crescenta Valley Chamber Education Fund $500 - $5,000 for ongoing programs; up to $15,000 for Strategic Initiative Grants · Due October 19, 2026
Explore Open Grants
Browse active grant opportunities in The Shah Karma Foundation Inc's focus areas in our free grants database
Similar Funders
Funders with grantees in common, and similar funders in Florida
Sahai Family Foundation Inc
Webster City, IA
Assets
$865K
Grants
8
Total Given
$28K
Credit Suisse Americas Foundation
New York, NY
Before dissolving on October 16, 2024, Credit Suisse Americas Foundation made general operating grants, with its 2024 awards ranging from $6,954 to $811,880. Nearly all 2024 grant dollars went to organizations in Pennsylvania, with 1% going to Illinois; it accepted written proposals with an IRS determination letter, with deadlines of February 15 and August 15.
Assets
—
Grants
2
Total Given
$819K
Guru Krupa Foundation Inc
Jericho, NY
Guru Krupa Foundation supports social welfare, education, spirituality, arts and culture, and environmental projects in the United States and India, generally through tax-exempt organizations. Its 2025 grants ranged from $9,500 to $250,000, with a median of $28,000. It accepts applications on a rolling basis.
Assets
$78.4M
Grants
93
Total Given
$4.1M
Skeen Family Foundation Inc
Bellingham, WA
The Skeen Family Foundation supports organizations addressing animal welfare and children’s needs, with 2025 grants of $500–$17,460 and a median award of $2,000. It is based in Washington and gave to organizations in Washington, Virginia, Utah, Maryland, and North Carolina. Its 2024 filing says it does not limit giving to preselected organizations and lists no required application materials or deadline.
Assets
$839K
Grants
13
Total Given
$40K
The Krishan and Vicky Joshi
Beavercreek, OH
The foundation supports a range of charitable organizations, including education, food assistance, community programs, and religious or cultural organizations. In 2025, grants ranged from $250 to $422,461, with a median of $5,000; 96% of grant dollars went to Ohio. It funds only preselected organizations and does not accept unsolicited requests.
Assets
$804K
Grants
18
Total Given
$577K
Sahni Family Foundation
Houston, TX
The Sahni Family Foundation funds education, scholarships, and general support, with recent grants to universities and charitable organizations. Its 2025 grants ranged from $2,000 to $10,000, with a median of $4,500; funding is concentrated in Texas, though recipients also received grants in several other states. It does not accept unsolicited requests and gives only to preselected organizations.
Assets
$360K
Grants
11
Total Given
$46K
More similar funders
More Funders in Florida
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from The Shah Karma Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
The Shah Karma Foundation Inc down — hundreds of funders to go?