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Indu Foundation is a private trust based in NORTH ANDOVER, MA. The foundation received its IRS ruling in 2008. The principal officer is % Indu S Javeri. It holds total assets of $41K. Annual income is reported at $45K. The foundation operates in the area of philanthropy & grantmaking. According to available records, Indu Foundation has made 10 grants totaling $28K, with a median grant of $3K. Annual giving has decreased from $18K in 2022 to $10K in 2023. Individual grants have ranged from $2K to $5K, with an average award of $3K. The foundation has supported 5 unique organizations. Grants have been distributed to organizations in Massachusetts and Tennessee. Contributions to this foundation are tax-deductible.
Indu Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 10 grants. Its grantmaking reaches organizations primarily in MA, TN.
Indu Foundation has distributed a total of $28K across 10 grants. The median grant size is $3K, with an average of $3K. Individual grants have ranged from $2K to $5K.
Indu Foundation typically selects its grantees rather than accepting unsolicited proposals.
Indu Foundation is headquartered in NORTH ANDOVER, MA. While based in MA, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Indu S Javeri | TRUSTEE | $0 | $0 | $0 |
| Joshua M Isaacs | TRUSTEE | $0 | $0 | $0 |
Total Giving
$13K
Total Assets
$45K
Fair Market Value
$45K
Net Worth
$45K
Grants Paid
$10K
Contributions
$0
Net Investment Income
$5K
Distribution Amount
$2K
Total: $42K
Total Grants
10
Total Giving
$28K
Average Grant
$3K
Median Grant
$3K
Unique Recipients
5
Most Common Grant
$3K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| American Cancer SocietyGENERAL SUPPORT | Framingham, MA | $2K | 2023 |
| Desai FoundationGENERAL SUPPORT | Bedford, MA | — | 2023 |
| Museum Of ScienceGENERAL SUPPORT | Boston, MA | $5K | 2023 |
| The Pike SchoolGENERAL SUPPORT | Andover, MA | $4K | 2023 |
| St Jude Children'S Research HospitalGENERAL SUPPORT |
Other foundations that have funded Indu Foundation.
| Funder | Amount | Year | Purpose |
|---|---|---|---|
| Agarwal Family Foundation | $45K | 2023 | DONATION |
| Agarwal Family Foundation | $5K | 2022 | DONATION |
| Agarwal Family Foundation | $5K | 2022 | DONATION |
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| 2016 | 990PF | View |
| Memphis, TN |
| — |
| 2023 |
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