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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. Total assets have decreased from $64K in 2011 to $45K 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 2016 to 2023. The foundation primarily funds organizations in Massachusetts, Georgia and Tennessee. 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.
Smallest Grant
$2K
Median Grant
$3K
Average Grant
$2K
Largest Grant
$3K
Based on 4 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.
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 | N/A |
| Joshua M Isaacs | TRUSTEE | $0 | $0 | N/A |
Total Giving
$13K
Total Assets
$45K
Fair Market Value
$45K
Net Worth
$45K
Grants Paid
$10K
Contributions
N/A
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 | Memphis, TN | — | 2023 |