Anil And Pragati Sharma Family Foundation

Quick Stats

• Annual Giving: $293,289 (2024)
• Total Assets: $25.4 million (2024)
• Grant Range: Varies by year (5 grants in 2023 totaling $145,100)
• Geographic Focus: Florida, New Jersey, Pennsylvania, West Virginia
• Application Process: No public application process

Contact Details

Foundation Address: Miami Beach, FL

Note: This is a private family foundation. Contact information for grant inquiries is not publicly available.

Overview

The Anil And Pragati Sharma Family Foundation was established in April 2017 as a private 501(c)(3) foundation. With total assets of $25.4 million as of 2024, the foundation distributed $293,289 in charitable grants that year. The foundation is led by Dr. Anil Sharma, a prominent anesthesiologist and pain management specialist who founded Spine & Pain Centers of New Jersey and New York, and is also founder of Third Eye Capital Management (now a family office). The foundation's mission focuses on financially supporting health education and treatments worldwide for the underprivileged. The foundation operates primarily through trustee discretion, making strategic grants in Florida, New Jersey, Pennsylvania, and West Virginia, with a particular focus on healthcare and education initiatives.

Funding Priorities

Grant Programs

The foundation does not operate formal grant programs with fixed amounts. Instead, grants are awarded at the discretion of the trustees based on alignment with the foundation's mission.

Recent grant activity:

• 2024: $293,289 distributed (number of grants not specified)
• 2023: $145,100 distributed across 5 awards (average: $29,020 per grant)
• 2022: 2 awards
• 2021: 3 awards
• 2020: 3 awards

Priority Areas

Based on available information, the foundation focuses on:

• Health education and healthcare access for underprivileged populations
• Medical treatment support worldwide
• Education initiatives
• Essential needs including clean water and food security in developing countries

Geographic Focus

The foundation has funded projects in:

• Florida (including Miami Beach)
• New Jersey (Charleston, Little Silver, Long Branch, Red Bank)
• Pennsylvania (Philadelphia)
• West Virginia

Governance and Leadership

President: Dr. Anil Sharma, MD

• Founding partner and President of Spine & Pain Centers of New Jersey and New York
• Fellowship-trained at Cleveland Clinic Foundation (named Best Graduating Fellow)
• Graduated Valedictorian from MGM Medical College
• Received the Robert Dripps Award for Best Resident at Monmouth Medical Center
• Director of Pain Management at Monmouth Medical Center
• Named "Top Doctor" by New Jersey Monthly for 14 consecutive years
• Performed over 80,000 spinal procedures
• Wharton Business School alumnus
• Founder and President of Third Eye Capital Management (hedge fund transitioned to family office)
• Serves without compensation (1 hour per week commitment)

Secretary: Pragati Sharma

• Serves without compensation (1 hour per week commitment)

The foundation is managed as a private family foundation with no paid staff.

Application Process & Timeline

How to Apply

This foundation does not have a public application process. Grants are awarded through trustee discretion based on the founders' philanthropic priorities and existing relationships. The foundation identifies charitable opportunities independently rather than accepting unsolicited applications.

Grant Selection Process

Grants are determined by:

• Direct identification of charitable needs by trustees
• Alignment with the foundation's mission of supporting health education and treatments for underprivileged populations
• Geographic areas where the trustees have connections (Florida, New Jersey, Pennsylvania, West Virginia)
• Strategic impact in healthcare and education sectors

Financial Overview

Assets and Giving (2024 data)

• Total Assets: $25.4 million
• Total Liabilities: $5.39 million
• Total Revenue: $7.14 million
• Charitable Disbursements: $293,289 (approximately 60% of total expenses)

Revenue Sources (2024)

• Contributions: $3 million (42%)
• Sales of Assets: $3.29 million (46%)
• Investment Income (Interest/Dividends): $850,000 (12%)

The foundation maintains significant investment assets and generates substantial investment income to support its charitable activities.

Key Takeaways for Grant Writers

• No public application process: This foundation operates through trustee discretion and does not accept unsolicited grant proposals
• Focus on health and education: Priority given to healthcare access, medical education, and treatment for underprivileged populations
• Geographic connection matters: Grants have been concentrated in areas where the founders have professional and personal connections (New Jersey medical community, Florida, Pennsylvania)
• Small number of annual grants: With only 2-5 grants made per year in recent years, the foundation maintains a highly selective and strategic approach
• Private family foundation model: Decisions are made by family members based on their personal philanthropic vision rather than through a formal review process
• Substantial asset base: With over $25 million in assets, the foundation has capacity for sustained giving, though annual distributions vary
• Healthcare sector alignment: Organizations working in pain management, medical education, or serving underprivileged populations in healthcare may align with the founders' professional expertise and interests

References

1. ProPublica Nonprofit Explorer - Anil And Pragati Sharma Family Foundation (EIN: 81-4600520) https://projects.propublica.org/nonprofits/organizations/814600520 Accessed January 2026

2. Cause IQ - Anil and Pragati Sharma Family Foundation https://www.causeiq.com/organizations/anil-and-pragati-sharma-family-foundation,814600520/ Accessed January 2026

3. Instrumentl - Anil And Pragati Sharma Family Foundation 990 Report https://www.instrumentl.com/990-report/anil-and-pragati-sharma-family-foundation Accessed January 2026

4. Third Eye Capital Management - About Anil K Sharma, MD https://thirdeyecapitalmanagement.com/bio/ Accessed January 2026

5. Doximity - Dr. Anil Sharma Professional Profile https://www.doximity.com/cv/anil-sharma-md-slash-3 Accessed January 2026