Sheth Global Foundation Inc
- Assets
- $6.0m
- Revenue
- $800.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 10/2019
- Data as of
- 12/2022
- EIN
- 83-4222626
Organization Overview
Sheth Global Foundation Inc is located in Atlanta, GA. The organization was established in 2019. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, 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. Sheth Global 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 2020, Sheth Global Foundation Inc has awarded 14 individual grants totaling $364,845. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE SHETH GLOBAL FOUNDATION IS TO CARRY OUT THE PURPOSES OF THE COMMUNITY FOUNDATION FOR GREATER ATLANTA. THIS WILL BE ACCOMPLISHED BY TWO DIVISIONS SHETH EDUCATION FOUNDATION AND SHETH FOUNDATION TO PROMOTE THE DEVELOPMENT OF MARKETING SCHOLARSHIP BY FOCUSING ON THREE AREAS:- KNOWLEDGE CREATION: THE GENERATION OF NEW MARKETING INSIGHTS AND SCHOLARSHIP- KNOWLEDGE RECOGNITION: INCLUDES AWARDS, GRANTS AND OTHER ACTIVITIES DESIGNED TO EXPRESS APPRECIATION AND ELEVATE THE CONTRIBUTIONS OF INDIVIDUAL ACADEMICS- KNOWLEDGE DISSEMINATION: THE COMMUNICATION OR DISTRIBUTION OF INSIGHTS ON NEW AND EMERGING MARKETING TOPICS WITHIN THE FIELD OF MARKETING AND BUSINESSTHE SHETH FOUNDATION SUPPORTS VARIOUS ORGANIZATIONS, AWARDS AND EVENTS THAT FULFILL THESE GOALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SHETH GLOBAL FOUNDATION SUPPORTS ORGANIZATIONS AND EVENTS ALIGNED WITH THE FOUNDATION'S GOAL TO PROMOTE THE DEVELOPMENT AND RECOGNITION OF SCHOLARS AND MARKETING SCHOLARSHIP GLOBALLY. IT HAS DONATED MILLIONS OF DOLLARS TO NONPROFIT ORGANIZATIONS AROUND THE WORLD SINCE ITS FOUNDING IN 1991. THE SHETH GLOBAL FOUNDATION IS A SUPPORTING ORGANIZATION OF THE COMMUNITY FOUNDATION OF GREATER ATLANTA, LOCATED IN ATLANTA, GEORGIA.
THE SHETH GLOBAL FOUNDATION MEDAL IS A BI-ANNUAL AWARD DESIGNED TO RECOGNIZE A MARKETING ACADEMIC WHO HAS MADE ENDURING AND TRANSFORMATIONAL CONTRIBUTIONS TO (A) MARKETING SCHOLARSHIP AND (B) MARKETING PRACTICE IN THE FORM OF FOR-PROFIT, NOT-FOR-PROFIT, OR GOVERNMENTAL ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alison L O'carroll Director | Trustee | 1 | $0 |
Laura Hilado Executive Director | Officer | 10 | $4,000 |
Jagdish N Sheth President | OfficerTrustee | 1 | $0 |
Ken Bernhardt Vice President | OfficerTrustee | 1 | $0 |
Rajen Sheth Vice President | OfficerTrustee | 1 | $0 |
Doug Bowman Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $800,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $800,000 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $800,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $92,715 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,000 |
| Compensation of current officers, directors, key employees. | $4,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,741 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $24,770 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $41 |
| Information technology | $2,300 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,038 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,652 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $2,637 |
| Total functional expenses | $145,894 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,215,980 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,595,427 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $194,025 |
| Total assets | $6,005,432 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $31,000 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $31,000 |
| Net assets without donor restrictions | $5,974,432 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,005,432 |
Grants Awarded
Over the last fiscal year, Sheth Global Foundation Inc has awarded $82,715 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
ASSOCIATION FOR CONSUMER RESEARCH PURPOSE: NICOSIA BEST PAPER; LTC AWARD; DISSERTATION AWARDS | $22,715 |
ACADEMY OF INTERNATIONAL BUSINESS PURPOSE: OPERATIONAL SUPPORT | $14,500 |
INFORMS SOCIETY FOR MARKETING SCIENCE PURPOSE: OPERATIONAL SUPPORT | $10,000 |
EUROPEAN MARKETING ACADEMY PURPOSE: SHETH FOUNDATION SUSTAINABILITY RESEARCH COMPETITION | $11,000 |
SOCIETY FOR CONSUMER PSYCHOLOGY (SCP) PURPOSE: OPERATIONAL SUPPORT | $10,000 |
INDIANA UNIVERSITY PURPOSE: HARING SYMPOSIUM SUPPORT | $7,000 |