Choksi Family Charitable Trust
- Assets
- $1.1m
- Revenue
- $792.6k
- Investments
- $78.1k
- Employees
- 0
- Location
- Washington, DC
- Founding
- 01/2011
- Data as of
- 12/2022
- EIN
- 27-1546647
Organization Overview
Choksi Family Charitable Trust is located in Washington, DC. The organization was established in 2011. 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. Choksi Family Charitable Trust 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 12/2022, Choksi Family Charitable Trust generated $792.6k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 17.7% each year . All expenses for the organization totaled $242.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Choksi Family Charitable Trust has awarded 88 individual grants totaling $1,802,443. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Armeane M Choksi Director/president | 1 | $0 | |
Mary C Choksi Secretary/treasurer | 1 | $0 | |
Maaren A Shah Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $745 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $791,817 |
| Capital Gain Net Income | $791,817 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $792,562 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $7,000 |
| Contributions, gifts, grants paid | $235,825 |
| Total expenses and disbursements | $242,825 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,038,219 |
| 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 | $1,116,359 |
| 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, Choksi Family Charitable Trust has awarded $235,825 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN ENTERPRISE INSTITUTE PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |
JOHN HOPKINS MEDICINE PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |
SMITHSONIAN - NATIONAL PORTRAIT GALLERY PURPOSE: GENERAL OPERATING SUPPORT | $30,000 |
UNIVERSITY OF MINNESOTA FOUNDATION PURPOSE: GENERAL OPERATING SUPPORT | $40,000 |
BENEVITY FUND PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
TRUST FOR THE NATIONAL MALL PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |