Shah Garg Foundation - A Charitable Tr
- Assets
- $613.8k
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Atherton, CA
- Founding
- Data as of
- 12/2023
- EIN
- 85-6815148
Organization Overview
Shah Garg Foundation - A Charitable Tr is located in Atherton, CA. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Shah Garg Foundation - A Charitable Tr is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Shah Garg Foundation - A Charitable Tr generated $2.3m in total revenue. All expenses for the organization totaled $3.2m during the year ending 12/2023.
Since 2021, Shah Garg Foundation - A Charitable Tr has awarded 17 individual grants totaling $934,679. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NY ART EXHIBITION - THE FOUNDATION HOSTED AN EXHIBITION IN NY OVER A PERIOD OF SIX MONTHS TO BRING RECONGNITION TO VARIOUS ARTISTS PROMOTED IN THE FOUNDATIONS' RECENTLY PUBLISHED BOOK.
THE FOUNDATION COMPILED AND PRINTED A BOOK OF THE COLLECTION ARE WORKS OF WOEMEN ARTISTS. IN MAY 2023, 3,097 COPIES OF THE BOOK WERE PUBLISHED AND 881 COPIES WERE IN INVENTORY AT DECEMBER 31, 2023. THE FOUNDATION RECOGNIZED $620,137 IN BOOK DONATION COSTS AT DECEMBER 31, 2023.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Komal Shah Trustee | 10 | $0 | |
Gaurav Garg Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,470,990 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,877 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$128,508 |
| Capital Gain Net Income | $2,308,914 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,346,359 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,864,312 |
| Total operating and administrative expenses | $2,878,231 |
| Contributions, gifts, grants paid | $306,179 |
| Total expenses and disbursements | $3,184,410 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $367,256 |
| 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 | $246,545 |
| Total assets | $613,801 |
| 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, Shah Garg Foundation - A Charitable Tr has awarded $306,179 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
SAN FRANCISCO MOMA PURPOSE: SUPPORT FOR THE ARTS | $92,500 |
UNIVERSITY OF OREGON FOUNDATION PURPOSE: SUPPORT FOR THE ARTS | $80,000 |
STUDIO MUSEUM OF HARLEM PURPOSE: SUPPORT OF ARTS | $13,679 |
HAMMER MUSEUM PURPOSE: SUPPORT OF ARTS | $35,000 |
THE MUSEUM OF MODERN ART PURPOSE: SUPPORT OF ARTS | $50,000 |
WHITNEY MUSEUM PURPOSE: SUPPORT OF ARTS | $10,000 |