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Alku Foundation Inc. is a private corporation based in ANDOVER, MA. The foundation received its IRS ruling in 2023. The principal officer is Kathleen Eldridge. It holds total assets of $10.4M. Annual income is reported at $9.1M. Total assets have grown from $5M in 2022 to $10.4M in 2024. The foundation is governed by 5 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2022 to 2024. According to available records, Alku Foundation Inc. has made 63 grants totaling $604K, with a median grant of $3K. Annual giving has grown from $20K in 2022 to $584K in 2023. Individual grants have ranged from $100 to $195K, with an average award of $10K. The foundation has supported 49 unique organizations. The foundation primarily supports organizations in Massachusetts, Vermont, Texas, which account for 95% of all grants. Grantmaking reaches organizations across 5 states. Contributions to this foundation are tax-deductible.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Alku Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 63 grants. Its grantmaking reaches organizations primarily in MA, VT, TX.
Alku Foundation Inc. has distributed a total of $604K across 63 grants. The median grant size is $3K, with an average of $10K. Individual grants have ranged from $100 to $195K.
Alku Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Alku Foundation Inc. is headquartered in ANDOVER, MA. While based in MA, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Vanessa Plant | EXECUTIVE DIRECTOR | $187K | $28K | $215K |
| Kathleen Eldridge | PRESIDENT/TREASURER | $0 | $0 | N/A |
| John Eldridge | DIRECTOR | $0 | $0 | N/A |
| Madeline Eldridge | DIRECTOR | $0 | $0 | N/A |
| Mark Eldridge | DIRECTOR | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$10.4M
Fair Market Value
N/A
Net Worth
$10.4M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
63
Total Giving
$604K
Average Grant
$10K
Median Grant
$3K
Unique Recipients
49
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Community Youth EmpowermentGENERAL SUPPORT | West Wareham, MA | $5K | 2023 |
| Heart Warrior FoundationGENERAL SUPPORT | Winchendon, MA | $110 | 2023 |
| Amateur Athletic Union Of The United States IncGENERAL SUPPORT | Mattapan, MA | $3K | 2022 |
| Mass Mentoring PartnershipGENERAL SUPPORT | Boston, MA | $195K | 2023 |
| DoveGENERAL SUPPORT | Quincy, MA | $60K | 2023 |
| BaglyGENERAL SUPPORT | Boston, MA | $50K | 2023 |
| Uncommon ThreadsGENERAL SUPPORT | Lawrence, MA | $41K | 2023 |
| Boston ScoresGENERAL SUPPORT | Boston, MA | $26K | 2023 |
| Mosaic Interfaith Youth ActivityGENERAL SUPPORT | Newton Highlands, MA | $25K | 2023 |
| Boston Partners EduGENERAL SUPPORT | Boston, MA | $25K | 2023 |
| One Tree PlantedGENERAL SUPPORT | Shelburne, VT | $20K | 2023 |
| Youth Enrichment ServicesGENERAL SUPPORT | Boston, MA | $15K | 2023 |
| A Better Chance Of AndoverGENERAL SUPPORT | Andover, MA | $15K | 2023 |
| Young Man With A PlanGENERAL SUPPORT | Hyde Park, MA | $10K | 2023 |
| Raw ArtworksGENERAL SUPPORT | Lynn, MA | $5K | 2023 |
| UnagbGENERAL SUPPORT | Boston, MA | $5K | 2023 |
| Waltham Partnership For YouthGENERAL SUPPORT | Waltham, MA | $5K | 2023 |
| ZumixGENERAL SUPPORT | East Boston, MA | $5K | 2023 |
| Girl StartGENERAL SUPPORT | Austin, TX | $5K | 2023 |
| Boston Partners In EdGENERAL SUPPORT | Boston, MA | $5K | 2023 |
| Boys & Girls Clubs Of Greater LowellGENERAL SUPPORT | Lowell, MA | $5K | 2023 |
| Boys & Girls Clubs LawrenceGENERAL SUPPORT | Lawrence, MA | $5K | 2023 |
| Coaching 4 ChangeGENERAL SUPPORT | Taunton, MA | $5K | 2023 |
| EmpowerGENERAL SUPPORT | Cohasset, MA | $5K | 2023 |
| Girls Inc LowellGENERAL SUPPORT | Lowell, MA | $5K | 2023 |
| LiterationsGENERAL SUPPORT | Boston, MA | $5K | 2023 |
| Roots Teen CtrGENERAL SUPPORT | North Adams, MA | $5K | 2023 |
| Salesian Boys Girls ClubGENERAL SUPPORT | Boston, MA | $5K | 2023 |
| Sisters UnchainedGENERAL SUPPORT | Jamaica Plain, MA | $5K | 2023 |
| The Shine InitiativeGENERAL SUPPORT | Worcester, MA | $5K | 2023 |
| Kids In TechGENERAL SUPPORT | Lowell, MA | $5K | 2023 |
| Someone Elses Child FdnGENERAL SUPPORT | Dorchester, MA | $3K | 2023 |
| Youth ConnectGENERAL SUPPORT | Roxbury, MA | $3K | 2023 |
| Stoneham B&G ClubGENERAL SUPPORT | Stoneham, MA | $1K | 2023 |
| Cradles To CrayonsGENERAL SUPPORT | Newtonville, MA | $1K | 2023 |
| Reproductive Equity NowGENERAL SUPPORT | Boston, MA | $1K | 2023 |
| Food ProjectGENERAL SUPPORT | Lincoln, MA | $618 | 2023 |
| Special OlympicsGENERAL SUPPORT | Marlborough, MA | $547 | 2023 |
| Malden Warming CenterGENERAL SUPPORT | Malden, MA | $515 | 2023 |
| Boys On The Right TrackGENERAL SUPPORT | Lake View, NY | $414 | 2023 |
| LikenGENERAL SUPPORT | Dedham, MA | $250 | 2023 |
| Autism SpeaksGENERAL SUPPORT | Boston, MA | $250 | 2023 |
| Happy HopeGENERAL SUPPORT | Pocasset, MA | $150 | 2023 |
| Catie'S ClosetGENERAL SUPPORT | Dracut, MA | $100 | 2023 |
| Pop Warner Little Scholars IncGENERAL SUPPORT | Dorchester Center, MA | $5K | 2022 |
| Boston Lions Track ClubGENERAL SUPPORT | Mattapan, MA | $825 | 2022 |