Jhaveri Family Foundation Inc
- Assets
- $504.6k
- Revenue
- $56.6k
- Investments
- $464.3k
- Employees
- 0
- Location
- Somerset, NJ
- Founding
- 01/1998
- Data as of
- 12/2021
- EIN
- 22-3471782
Organization Overview
Jhaveri Family Foundation Inc is located in Somerset, NJ. The organization was established in 1998. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jhaveri Family Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2017, Jhaveri Family Foundation Inc has awarded 97 individual grants totaling $285,922. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PER STATEMENT ATTACHED
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,000 |
| Interest on Savings | $1 |
| Dividends & Interest | $5,192 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,431 |
| Capital Gain Net Income | $994 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $56,624 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,798 |
| Total operating and administrative expenses | $5,198 |
| Contributions, gifts, grants paid | $40,576 |
| Total expenses and disbursements | $45,774 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,310 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $504,634 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Jhaveri Family Foundation Inc has awarded $40,576 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
BAPS CHARITABLE INC PURPOSE: COVID PATIENTS IN INDIA | $10,000 |
MUNI SEVA ASHRAM INC PURPOSE: BONE MARROW TRANSPLANT FOR CANCER PA | $10,000 |
NIVIDITA FOUNDATION USA PURPOSE: FOR SCHOOLS ON WHEELS FOR EDUCATION | $10,000 |
HEART & HAND FOR HANDICAPPED PURPOSE: DYSLAXIA AND AUTISM | $5,000 |
WONDERFUL WORLD FRIENDS OF MUSIC TH PURPOSE: MUSIC THERAPHY IN NICU | $1,000 |
Scotch Plains, NJ PURPOSE: FOR SCHOOL BENCHES | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bam Endowment Trust Brooklyn, NY | $106,959,115 | $5,566,840 |
John R Oishei Consolidated Tr 01091998 Buffalo, NY | $21,967,662 | $5,743,689 |
Goldstein Family Foundation Spring Valley, NY | $15,534,248 | $10,502,547 |
Sol Goldman Charitable Trust New York, NY | $0 | $3,639,060 |
Schwartz Fam Foundation Tr New York, NY | $15,701,646 | $4,641,500 |
J M Lockhart Lockhart J M Ally Herc Pittsburgh, PA | $71,861,137 | $5,661,653 |
John R Mccune Char Trust No 9721 Pittsburgh, PA | $72,660,293 | $3,170,444 |
Donald P And Mary E Moriarty Charitable Foundation Chatham, NJ | $28,351,035 | $10,104,907 |
Reitmeier Charitable Trust U-W Fund Pittsburgh, PA | $0 | $783,026 |
The Daniel E And Joyce G Straus Family Foundation Fort Lee, NJ | $70,788,886 | $23,200,737 |
Stephanie And Lawrence Flinn Jr Charitable Trust Rye, NY | $38,008,610 | $1,545,118 |
Sunshine Foundation Woodbury, NY | $26,794,175 | $2,071,620 |