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Deshpande Fam Foundation is a private trust based in STONEHAM, MA. The foundation received its IRS ruling in 1997. The principal officer is Merrill Lynch Trust Company. It holds total assets of $601K. Annual income is reported at $179K. Total assets have decreased from $924K in 2011 to $618K in 2023. The foundation is governed by 2 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 2021 to 2024. The foundation primarily funds organizations in Massachusetts and California. According to available records, Deshpande Fam Foundation has made 17 grants totaling $113K, with a median grant of $5K. Annual giving has decreased from $48K in 2022 to $12K in 2024. Grantmaking activity was highest in 2023 with $53K distributed across 10 grants. Individual grants have ranged from $500 to $25K, with an average award of $7K. The foundation has supported 8 unique organizations. Grants have been distributed to organizations in Massachusetts and California. Contributions to this foundation are tax-deductible.
Smallest Grant
$5K
Median Grant
$10K
Average Grant
$9K
Largest Grant
$11K
Based on 3 grants from the most recent 990-PF filing.
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.
Deshpande Fam Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 17 grants. Its grantmaking reaches organizations primarily in MA, CA.
Deshpande Fam Foundation has distributed a total of $113K across 17 grants. The median grant size is $5K, with an average of $7K. Individual grants have ranged from $500 to $25K.
Deshpande Fam Foundation typically selects its grantees rather than accepting unsolicited proposals.
Deshpande Fam Foundation is headquartered in STONEHAM, MA. While based in MA, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Gururaj Deshpande | CO-TRUSTEE | $0 | $0 | N/A |
| Jaishree Deshpande | CO-TRUSTEE | $0 | $0 | N/A |
Total Giving
$21K
Total Assets
$618K
Fair Market Value
$760K
Net Worth
$618K
Grants Paid
$12K
Contributions
N/A
Net Investment Income
$50K
Distribution Amount
$34K
Total Grants
17
Total Giving
$113K
Average Grant
$7K
Median Grant
$5K
Unique Recipients
8
Most Common Grant
$1K
of 2024 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Chinmaya Mission Of BostonUNRESTRICTED GENERAL SUPPORT | Andover, MA | $11K | 2024 |
| Pan Mass ChallengeUNRESTRICTED GENERAL SUPPORT | Needham, MA | $500 | 2024 |
| International Institute Of New EnglandUNRESTRICTED GENERAL SUPPORT | Boston, MA | $10K | 2023 |
| Mandaara - New England Kannada KootaUNRESTRICTED GENERAL SUPPORT | Hopkinton, MA | $10K | 2023 |
| Museum Of ScienceUNRESTRICTED GENERAL SUPPORT | Boston, MA | $5K | 2023 |
| Samskrita BharatiUNRESTRICTED GENERAL SUPPORT | Santa Clara, CA | $10K | 2022 |
| Mass Audubon Society IncUNRESTRICTED GENERAL SUPPORT | Lincoln, MA | $1K | 2022 |
| Commonwealth Zoological CorporationUNRESTRICTED GENERAL SUPPORT | Boston, MA | $1K | 2022 |