The Simrat & Saket Mehta Foundation Inc
The Simrat & Saket Mehta Foundation Inc is a private foundation, based in South Salem, NY. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $200K in total assets. In 2024, it awarded 1 grant totaling $10K. Net investment income was $2K.
Key facts about The Simrat & Saket Mehta Foundation Inc
In short: The Simrat & Saket Mehta Foundation Inc gave $10K across 1 grant in 2024 (avg $10K), mostly in Connecticut. Source: 2024 IRS Form 990-PF.
- EIN
- 99-0430858
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $10,000
- Grants made (2024)
- 1
- Average grant
- $10,000
- Median grant
- $10,000
- Total assets
- $199,662
- Primary geography
- Connecticut (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
$200K
+99.7% YoY
Annual Giving
$10K
Grant Count
1
Avg Grant Size
$10K
Under IRS private-foundation payout rules, The Simrat & Saket Mehta Foundation Inc reported a distributable amount of $8K for 2024 — the minimum it must pay out in qualifying distributions.
How The Simrat & Saket Mehta Foundation Inc gives
- In 2024 it paid out 129% 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
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
In 2024 it made 1 grant totaling $10K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was St Luke's Fund ($10K).
Grant Size Distribution
1 grant across all recorded years
The most common grant size was under $50K: 1 grant of 1 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| St Luke's Fund New Cannan, CT | To Further Its 501(C)(3) Status | $10,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 |
|---|---|---|
| Total Assets | $199,662 | $100,000 |
| Revenue | $111,671 | $100,000 |
| Expenses | $12,009 | — |
| Qualifying Distributions | $10,000 | — |
| Net Investment Income | $1,671 | — |
| Distributable Amount | $7,752 | $1 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2023–2024
Leadership & Key People
Officers and directors from IRS filings
The Simrat & Saket Mehta Foundation Inc is led by Saket Mehta, President on every filing since 2023; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Saket Mehta
President
On filings since 2023
No compensation reported
Christopher Tsai
Director
On filings since 2023
No compensation reported
Simrat Mehta
Secretary & Treasurer
On filings since 2023
No compensation reported
Data from IRS Form 990 filings, 2023–2024. "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 Simrat & Saket Mehta Foundation Inc
How much does The Simrat & Saket Mehta Foundation Inc give each year?
The Simrat & Saket Mehta Foundation Inc gave $10K across 1 grant in 2024, according to its 2024 IRS Form 990-PF.
How large is The Simrat & Saket Mehta Foundation Inc?
The Simrat & Saket Mehta Foundation Inc reported $200K in total assets on its 2024 IRS Form 990-PF. It paid out $10K in qualifying distributions that year, against a required minimum of $8K (roughly 5% of its investment assets).
Where does The Simrat & Saket Mehta Foundation Inc operate?
The Simrat & Saket Mehta Foundation Inc has awarded grants in Connecticut.
What is The Simrat & Saket Mehta Foundation Inc's EIN?
The Simrat & Saket Mehta Foundation Inc's EIN (Employer Identification Number) is 99-0430858. IRS Form 990 filing data is available on this page for 2023–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching The Simrat & Saket Mehta Foundation Inc by hand.
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