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Ak Foundation Inc. is a private corporation based in CORAL GABLES, FL. The foundation received its IRS ruling in 2019. It holds total assets of $1.7M. Annual income is reported at $355K. SUPPORT OF THE GOANNA FOUNDATION FOR GOVERNANCE OF THE PROJECT WHICH INCLUDES, BUT NOT LIMITED TO, THE GROWING COLLECTION OF GOANNA-INSPIRED NFTS LAUNCHED ON THE ALGORAND BLOCKCHAIN. According to available records, Ak Foundation Inc. has made 18 grants totaling $105K, with a median grant of $4K. Annual giving has grown from $20K in 2021 to $85K in 2022. Individual grants have ranged from $270 to $17K, with an average award of $6K. The foundation has supported 11 unique organizations. The foundation primarily supports organizations in Maryland, Vermont, Georgia, which account for 56% of all grants. Grantmaking reaches organizations across 7 states. Contributions to this foundation are tax-deductible.
THE ORGANIZATION GRANTED FUNDS TO 6 DIFFERENT SECTION 501 (C)(3) ORGANIZATIONS THAT ASSIST CHILDREN IN POVERTY, HEALTHCARE, AND EDUCATION.
Expenses: $50K
SUPPORT OF THE GOANNA FOUNDATION FOR GOVERNANCE OF THE PROJECT WHICH INCLUDES, BUT NOT LIMITED TO, THE GROWING COLLECTION OF GOANNA-INSPIRED NFTS LAUNCHED ON THE ALGORAND BLOCKCHAIN. Based on available records, the foundation has funded 18 grants. Its grantmaking reaches organizations primarily in MD, VT, GA.
Ak Foundation Inc. has distributed a total of $105K across 18 grants. The median grant size is $4K, with an average of $6K. Individual grants have ranged from $270 to $17K.
Ak Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Ak Foundation Inc. is headquartered in CORAL GABLES, FL. While based in FL, the foundation distributes grants to organizations across 7 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Kavitha Palani | PRESIDENT/DI | $20K | $0 | $20K |
| Arul Murugan | TREASURER/DI | $0 | $0 | $0 |
Total Giving
$234K
Total Assets
$993K
Fair Market Value
$993K
Net Worth
$761K
Grants Paid
$0
Contributions
$40K
Net Investment Income
$79K
Distribution Amount
$44K
Total: $0
Total Grants
18
Total Giving
$105K
Average Grant
$6K
Median Grant
$4K
Unique Recipients
11
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Trees For The FuturePROGRAM | Silver Spring, MD | $17K | 2022 |
| One Tree PlantedPROGRAM | Shelburne, VT | $12K | 2022 |
| The Everglades FoundationPROGRAM | Palmetto Bay, FL | $6K | 2022 |
| National Forest FoundationPROGRAM | Missoula, MT | $4K | 2022 |
| American Red CrossPROGRAM | Washington, DC | $3K | 2022 |
GREAT NECK, NY
CLEARWATER, FL
SAYVILLE, NY
SUMMERVILLE, SC
ANAHEIM, CA
WEST PALM BCH, FL
WEST PALM BCH, FL
POMPANO BEACH, FL
| 2019 | 990PF | View |
| The Red Curtain International IncPROGRAM |
| Marietta, GA |
| $300 |
| 2022 |
| GatsPROGRAM | Norcross, GA | $10K | 2021 |
| VibhaPROGRAM | Sunnyvale, CA | $6K | 2021 |
| Himalayan Children CharitiesPROGRAM | Alpharetta, GA | $3K | 2021 |
| Cure ChildhoodPROGRAM | Atlanta, GA | $500 | 2021 |
| Give IndiaPROGRAM | Palo Alto, CA | $270 | 2021 |
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