The Simrat & Saket Mehta Foundation Inc
The Simrat & Saket Mehta Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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 grants totaling $10K. Net investment income was $2K.
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.
About The Simrat & Saket Mehta Foundation Inc
Based on IRS filings
The Simrat & Saket Mehta Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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 grants totaling $10K. Net investment income was $2K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
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 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
1 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include St Luke's Fund ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ST LUKE'S FUND NEW CANNAN, CT | TO FURTHER ITS 501(C)(3) STATUS | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SAKET MEHTA | PRESIDENT | — | — |
| SIMRAT MEHTA | SECRETARY, TREASURER | — | — |
| CHRISTOPHER TSAI | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Simrat & Saket Mehta Foundation Inc?
The Simrat & Saket Mehta Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SOUTH SALEM, NY. It holds $200K in total assets as of 2024.
How large is The Simrat & Saket Mehta Foundation Inc?
As of 2024, The Simrat & Saket Mehta Foundation Inc holds $200K in total assets with $112K in annual revenue. It awarded 1 grants totaling $10K in 2024.
Where does The Simrat & Saket Mehta Foundation Inc operate?
The Simrat & Saket Mehta Foundation Inc has awarded grants in Connecticut.
What size grants does The Simrat & Saket Mehta Foundation Inc award?
In 2024, The Simrat & Saket Mehta Foundation Inc awarded 1 grants totaling $10K — an average of about $10K per grant, based on its IRS Form 990 filings.
How much is The Simrat & Saket Mehta Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Simrat & Saket Mehta Foundation Inc reported a distributable amount of $8K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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