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Indima Foundation is a private corporation based in OAK BROOK, IL. The foundation received its IRS ruling in 1994. The principal officer is Asok K Ray. It holds total assets of $5.4M. Annual income is reported at $6.5M. Total assets have grown from $2.6M in 2011 to $5.4M in 2024. The foundation is governed by 5 officers and trustees. University of illinois - medical research. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2024. Grantmaking is concentrated in Illinois. According to available records, Indima Foundation has made 12 grants totaling $922K, with a median grant of $6K. Annual giving has grown from $128K in 2022 to $530K in 2024. Individual grants have ranged from $500 to $250K, with an average award of $77K. The foundation has supported 8 unique organizations. Grant recipients are concentrated in Illinois. Contributions to this foundation are tax-deductible.
Smallest Grant
$500
Median Grant
$5K
Average Grant
$79K
Largest Grant
$450K
Based on 6 grants from the most recent 990-PF filing.
University of illinois - medical research
Expenses: $250K
Human development fund - humanitarian needs
Expenses: $5K
Not all wounds bleed - humanitarian needs
Expenses: $5K
Oak brook park district - programs
Expenses: $3K
University of illinois - medical research. Based on available records, the foundation has funded 12 grants. Its grantmaking reaches organizations primarily in IL.
Indima Foundation has distributed a total of $922K across 12 grants. The median grant size is $6K, with an average of $77K. Individual grants have ranged from $500 to $250K.
Indima Foundation typically selects its grantees rather than accepting unsolicited proposals.
Indima Foundation is headquartered in OAK BROOK, IL.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Mallika Ray | PRESIDENT | $10K | $0 | $10K |
| Suparna Banerjee | DIRECTOR | $0 | $0 | N/A |
| Timothy Fullerton Sr | DIRECTOR/CFO | $0 | $0 | N/A |
| Ratnam Chittori | DIRECTOR | $0 | $0 | N/A |
| Asok Ray | SECRETARY/TR | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$5.4M
Fair Market Value
N/A
Net Worth
$5.4M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
12
Total Giving
$922K
Average Grant
$77K
Median Grant
$6K
Unique Recipients
8
Most Common Grant
$250K
of 2024 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| University Of IllinoisINTERNATIONAL FELLOWSHIP PROGRAM | Chicago, IL | $250K | 2024 |
| Northwestern UniversityTUITION ASSISTANCE | Evanston, IL | $25K | 2024 |
| Chicago Kali BariCULTURE PROGRAMS | Glen Ellyn, IL | $5K | 2024 |
| Bengali Assn Of Greater ChicagoHUMANITARIAN NEEDS | Glendale Heights, IL | $5K | 2023 |
| The Human Development FoundationHUMANITARIAN NEEDS | Oak Brook, IL | $5K | 2023 |
| Oak Brook Park DistrictPROGRAMS | Oak Brook, IL | $3K | 2023 |
| Indian American Medical AssociationGRANT AWARDS | Oak Brook, IL | $1K | 2023 |
| Not All Wounds BleedGRANT AWARD | St Charles, IL | $500 | 2022 |