Samarth Foundation
- Assets
- $2.0m
- Revenue
- $86.9k
- Investments
- $2.0m
- Employees
- 0
- Location
- Los Altos Hills, CA
- Founding
- 11/2006
- Data as of
- 09/2024
- EIN
- 04-3832894
Organization Overview
Samarth Foundation is located in Los Altos Hills, CA. The organization was established in 2006. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Samarth Foundation 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 09/2024, Samarth Foundation generated $86.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.2% each year . All expenses for the organization totaled $183.9k during the year ending 09/2024. While expenses have increased by 8.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Samarth Foundation has awarded 57 individual grants totaling $1,065,288. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vivek Paul President; Chairperson | 0.5 | $0 | |
Nilita Paul Vp; Secretary; Treasurer; | 0.5 | $0 | |
Kunal Lakhan-Pal Director | 0.5 | $0 | |
Shreya Lakhan-Pal Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,275 |
| Interest on Savings | $0 |
| Dividends & Interest | $82,695 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,882 |
| Capital Gain Net Income | $1,882 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $86,852 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,325 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,362 |
| Printing and publications | $0 |
| Other expenses | $2,153 |
| Total operating and administrative expenses | $28,328 |
| Contributions, gifts, grants paid | $155,557 |
| Total expenses and disbursements | $183,885 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $38,812 |
| 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 | $1,900 |
| Total assets | $2,023,735 |
| 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, Samarth Foundation has awarded $155,557 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
FOUNDATION FOR EXCELLENCE PURPOSE: TO PROVIDE COLLEGE SCHOLARSHIPS TO STUDENTS WHO, ALTHOUGH FINANCIALLY CONSTRAINED, SHOWED GREAT PROMISE IN THE TECHNOLOGICAL, ENGINEERING AND MEDICAL FIELDS, THREE OF THE MOST EXPENSIVE HIGHER EDUCATION PROGRAMS IN INDIA | $10,000 |
AMERICAN INDIA FOUNDATION PURPOSE: COMMITTED TO IMPROVING THE LIVES OF INDIA'S UNDERPRIVILEGED--WITH A SPECIAL FOCUS ON WOMEN, CHILDREN, AND YOUTH--THROUGH HIGH IMPACT INTERVENTIONS IN EDUCATION, LIVELIHOODS, AND PUBLIC HEALTH | $24,400 |
19TH NEWS PURPOSE: TO EMPOWER WOMEN AND LGBTQ+ PEOPLE -- PARTICULARLY THOSE FROM UNDERREPRESENTED COMMUNITIES -- WITH THE INFORMATION, RESOURCES AND TOOLS THEY NEED TO BE EQUAL PARTICIPANTS IN OUR DEMOCRACY | $1,157 |
PALESTINE CHILDREN'S RELIEF FUND PURPOSE: TO PROVIDE FREE MEDICAL CARE AND HUMANITARIAN AID FOR ANY CHILD IN THE MIDDLE EAST, REGARDLESS OF THEIR RELIGION OR POLITICS | $2,500 |
GOLDMAN SACHS PHILANTHROPY FUND PURPOSE: TO ENCOURAGE AND PROMOTE PHILANTHROPY AND CHARITABLE GIVING | $110,000 |
SAVE THE CHILDREN PURPOSE: TO ENSURE CHILDRENS UNIQUE NEEDS ARE MET AND THEIR VOICES ARE HEARD | $5,000 |