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Aam Foundation is a private corporation based in NOVATO, CA. The foundation received its IRS ruling in 2000. The principal officer is Deepak Chopra. It holds total assets of $344.4M. Annual income is reported at $412.9M. Total assets have grown from $286K in 2011 to $344.4M in 2024. The foundation is governed by 2 officers and trustees. Tax records are available from 2015 to 2024. According to available records, Aam Foundation has made 11 grants totaling $28M, with a median grant of $88K. Annual giving has grown from $88K in 2020 to $9.1M in 2023. Grantmaking activity was highest in 2022 with $13.3M distributed across 4 grants. Individual grants have ranged from $4K to $9M, with an average award of $2.5M. The foundation has supported 4 unique organizations. Grant recipients are concentrated in California. Contributions to this foundation are tax-deductible.
Aam Foundation is best understood as a family-directed operating foundation, not a conventional grant-making institution. The vast majority of its financial activity — $27.5M of the $27.99M total external grants on record — flows to its own program, Aam Foundation - Freedom Employability Academy. The Chopra family (Deepak Chopra as President/CEO, Deepmala Chopra as Treasurer/CFO/Secretary) runs this entity with zero officer compensation, a hallmark of a tightly controlled philanthropic vehicle where giving decisions are personal and mission-driven rather than process-driven.
The foundation's IRS-recorded application instructions are notably brief: "Applicant can write Aam Foundation the details of their project and their contact information." This informal language — combined with the `preselected_only` flag in foundation databases — strongly suggests that external grant relationships originate through personal networks rather than competitive open solicitations. There is no public RFP calendar, no grant portal, and no published application deadline.
For first-time applicants, the most realistic entry point is a warm introduction to the Chopra family or a board-level advisor connected to the Freedom English Academy network. Cold written outreach to 7110 Redwood Blvd, Ste A, Novato, CA 94945 (phone: 415-898-9528) remains the only documented channel, but it should be treated as a relationship-building overture rather than a formal application.
The foundation's FY2024 balance sheet jump to $344M in assets (from $55.9M in FY2023) suggests a major capital event — likely a large donor contribution — that could translate into expanded grantmaking in FY2025 and FY2026. Organizations that have invested years in relationship development with India-facing education funders and that can demonstrate operational scale, cost efficiency, and measurable workforce outcomes are best positioned to benefit from this inflection point.
Aam Foundation's total recorded external grantmaking from 2012–2023 amounts to approximately $27.99M across 11 individual grants — almost entirely concentrated in a single beneficiary.
Grantee breakdown (all-time): - Aam Foundation - Freedom Employability Academy: 4 grants, $27,521,373 total (avg $6.88M per grant) — 98.3% of all dollars - Blue Mountain Center of Meditation: 5 grants, $460,800 total (avg $92,160 per grant) — 1.6% of all dollars - Homeward Bound (emergency shelter): 1 grant, $5,000 - Little Brothers – Friends of the Elderly: 1 grant, $4,000
Annual giving trajectory: - FY2012: $648K | FY2013: $628K | FY2014: $1.42M | FY2015: $2.68M - FY2019: $14.4K | FY2020: $88.2K - FY2021: $5.5M | FY2022: $6.64M | FY2023: $9.13M
The 2019–2020 dip likely reflects a pause in India program scaling during the COVID period. The resumption in FY2021 at $5.5M and rapid acceleration to $9.13M by FY2023 reflects FEA's growing enrollment infrastructure.
Geographic pattern: All 11 grants are coded to California (presumably reflecting the US-domiciled recipient organizations), though the actual program delivery is in India. No grants are recorded to recipients in India, New York, or other states.
Asset growth: Total assets have grown from $834K (FY2012) to $344M (FY2024), a 400x increase over 12 years. Revenue in FY2024 alone was $300.8M. If even 3–5% of assets are deployed as grants annually (a standard payout for a private foundation), FY2025–2026 grantmaking could range from $10M to $17M — a potential doubling from 2023 levels.
The following table compares Aam Foundation to four peer foundations classified in the International (NTEE-Q) category:
| Foundation | Assets | Annual Giving | Primary Focus | Application |
|---|---|---|---|---|
| Aam Foundation | $344.4M | ~$9.1M (FY2023) | India workforce education (FEA) | Written inquiry only |
| IBM International Foundation | $357.7M | Not disclosed | Global tech workforce / STEM | Invited/partnered |
| Kyle J & Sharon Krause Family Foundation | $121.5M | Not disclosed | International development | Invited only |
| Love In Action | $93.2M | Not disclosed | International humanitarian relief | Open LOI process |
| Guru Krupa Foundation | $78.4M | Not disclosed | India/US community development | Invited/relationship |
Among these peers, Aam Foundation is notable for its largest asset base after IBM International and its sharply narrower program focus. While IBM International and Guru Krupa engage broader international development themes, Aam is entirely mission-locked to vocational English training for low-income Indian youth. Love In Action, the only peer with a documented open LOI process, offers a useful contrast: international funders of comparable size with more accessible application pathways exist for organizations that cannot penetrate Aam's relationship-driven model. Organizations seeking India-focused education funding should pursue Aam alongside American India Foundation (AIF, $7.6M in annual grants) and MacArthur Foundation's international education portfolio as complementary targets with higher application accessibility.
No press releases, news announcements, or leadership changes from Aam Foundation were found in public sources for 2025–2026. The foundation maintains a deliberately low external profile consistent with its single-program operating structure.
The most significant recent development is the FY2024 balance sheet event: total assets rose from $55.9M to $344.4M and revenue hit $300.8M in a single fiscal year. This is almost certainly the result of a major contribution from a principal donor — possibly Deepak Chopra or a connected family trust. No public announcement of this capital infusion has been found.
On the programmatic side, Freedom Employability Academy reported serving 97,003 current students across 1,709 training centers in 11 North Indian states as of the most recent web update, with a cumulative enrollment of 775,271 students since founding. A Stanford University impact evaluation is cited on the FEA website, lending academic credibility to the program's workforce outcomes claim of Rs. 53 lakh (~$64,000 USD) in additional lifetime income per graduate.
The foundation's last verified web activity date in the database is February 2026, and no new RFPs or grant cycles have been publicly announced. Given the asset surge, observers should watch for expanded grantmaking announcements in late 2025 or early 2026.
Understand the access reality first. Aam Foundation is not a foundation you discover through Candid or Grants.gov and submit a cold proposal. Its documented application instruction — write the foundation with project details and contact information — is nominally open but operationally selective. The `preselected_only` designation in foundation databases confirms that relationships and mission alignment precede any formal review.
Target the exact program intersection. The only viable external proposal is one that directly advances Freedom Employability Academy's mission: English-language instruction, digital literacy, critical thinking, and workforce entry for low-income urban Indian youth. Proposals for tangentially related work (community health, microfinance, rural agriculture) will find no traction. Spell out specifically which of FEA's five core skill pillars your organization addresses.
Lead with scale and cost efficiency. FEA trains 97,000+ students annually across 1,709 centers with 2,200 employees. Proposals should include per-student cost data, enrollment throughput metrics, and cost-per-employed-graduate statistics to match the operational language of an organization that tracks outcomes at scale.
Reference the Stanford evaluation. FEA's internal research anchor is the Stanford University evaluation showing Rs. 53 lakh in additional lifetime income per graduate. Proposals that translate their impact into similar economic mobility language — not just output counts — signal that the applicant understands how the Chopra leadership evaluates program effectiveness.
Use the spiritual-development angle if applicable. Blue Mountain Center of Meditation received $460.8K across 5 grants, suggesting the Chopra family's philanthropy extends to contemplative and spiritual education. If your organization bridges mindfulness or inner development with workforce readiness (a growing niche in social enterprise), this connection is worth naming explicitly.
Timing is unknown but opportunistic. With $344M in assets as of FY2024 and no public grant cycle, timing an inquiry to the natural inflection point — Q3 2025 or Q1 2026 — and referencing the foundation's expanded capacity may prompt consideration that a cold letter one year earlier would not.
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Aam foundation directly funds freedom english academy to provide large-scale coaching for professional jobs to disadvantaged youth in india. Purchases and provides curriculum material, teacher training, mentorship programs and other online tools.
Expenses: $4.6M
Aam Foundation's total recorded external grantmaking from 2012–2023 amounts to approximately $27.99M across 11 individual grants — almost entirely concentrated in a single beneficiary. Grantee breakdown (all-time): - Aam Foundation - Freedom Employability Academy: 4 grants, $27,521,373 total (avg $6.88M per grant) — 98.3% of all dollars - Blue Mountain Center of Meditation: 5 grants, $460,800 total (avg $92,160 per grant) — 1.6% of all dollars - Homeward Bound (emergency shelter): 1 grant, $5,00.
Aam Foundation has distributed a total of $28M across 11 grants. The median grant size is $88K, with an average of $2.5M. Individual grants have ranged from $4K to $9M.
Aam Foundation is best understood as a family-directed operating foundation, not a conventional grant-making institution. The vast majority of its financial activity — $27.5M of the $27.99M total external grants on record — flows to its own program, Aam Foundation - Freedom Employability Academy. The Chopra family (Deepak Chopra as President/CEO, Deepmala Chopra as Treasurer/CFO/Secretary) runs this entity with zero officer compensation, a hallmark of a tightly controlled philanthropic vehicle w.
Aam Foundation is headquartered in NOVATO, CA.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Deepak Chopra | PRESIDENT AND CEO | $0 | $0 | N/A |
| Deepmala Chopra | TREASURER, CFO AND SECRETARY | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$344.4M
Fair Market Value
N/A
Net Worth
$344.4M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
11
Total Giving
$28M
Average Grant
$2.5M
Median Grant
$88K
Unique Recipients
4
Most Common Grant
$88K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Aam Foundation - Freedom Employability AcademyEDUCATION | Novato, CA | $9M | 2023 |
| Blue Mountain Center Of MeditationSPIRITUALITY | Tomales, CA | $108K | 2023 |
| Homeward BoundEMERGENCY SHELTER FOR HOMELESS FAMILIES | Novato, CA | $5K | 2023 |
| Litle Brothers - Friends Of The ElderlyELDERCARE | San Francisco, CA | $4K | 2023 |