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Lachimi Foundation is a private corporation based in TROY, MI. The foundation received its IRS ruling in 1999. The principal officer is Madhava Reddy. It holds total assets of $20M. Annual income is reported at $35.5M. Total assets have grown from $4.6M in 2011 to $20M 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 2015 to 2024. According to available records, Lachimi Foundation has made 6 grants totaling $33M, with a median grant of $6M. Annual giving has grown from $5M in 2020 to $10M in 2023. Grantmaking activity was highest in 2022 with $14M distributed across 2 grants. Individual grants have ranged from $10K to $10M, with an average award of $5.5M. The foundation has supported 2 unique organizations. Grant recipients are concentrated in Michigan. 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.
Lachimi Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 6 grants. Its grantmaking reaches organizations primarily in MI.
Lachimi Foundation has distributed a total of $33M across 6 grants. The median grant size is $6M, with an average of $5.5M. Individual grants have ranged from $10K to $10M.
Lachimi Foundation typically selects its grantees rather than accepting unsolicited proposals.
Lachimi Foundation is headquartered in TROY, MI.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Teja Reddy | DIRECTOR | $0 | $0 | N/A |
| Keshav Reddy | DIRECTOR | $0 | $0 | N/A |
| Sobha Reddy | DIRECTOR | $0 | $0 | N/A |
| Adarsh Reddy | DIRECTOR | $0 | $0 | N/A |
| Madhava G Reddy | PRESIDENT | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$20M
Fair Market Value
N/A
Net Worth
$20M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
6
Total Giving
$33M
Average Grant
$5.5M
Median Grant
$6M
Unique Recipients
2
Most Common Grant
$7M
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Sahaj Marg Spirituality FoundationRELIGIOUS, SPIRITUAL, CULTURAL & EDUCATIONAL | Chennai | $10M | 2023 |
| Walsh CollegeEDUCATIONAL | Troy, MI | $10K | 2020 |