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Lakshan Foundation Inc. is a private corporation based in PEACHTREE COR, GA. The foundation received its IRS ruling in 2020. The principal officer is % Subramonian Shankar. It holds total assets of $38.7M. Annual income is reported at $10.3M. The foundation operates in the area of philanthropy & grantmaking. According to available records, Lakshan Foundation Inc. has made 16 grants totaling $5.5M, with a median grant of $350K. Annual giving has decreased from $3.1M in 2022 to $2.4M in 2023. Individual grants have ranged from $10K to $700K, with an average award of $343K. The foundation has supported 8 unique organizations. Grants have been distributed to organizations in Georgia and Pennsylvania and California. Contributions to this foundation are tax-deductible.
Lakshan Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 16 grants. Its grantmaking reaches organizations primarily in GA, PA, CA.
Lakshan Foundation Inc. has distributed a total of $5.5M across 16 grants. The median grant size is $350K, with an average of $343K. Individual grants have ranged from $10K to $700K.
Lakshan Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Lakshan Foundation Inc. is headquartered in PEACHTREE COR, GA. While based in GA, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Subramonian Shankar | SECRETARY | $0 | $0 | $0 |
| Ananth Shankar | SECRETARY | $0 | $0 | $0 |
| Lakshmi Shankar | SECRETARY | $0 | $0 | $0 |
| Ambika Shankar | SECRETARY | $0 | $0 | $0 |
Total Giving
$2.5M
Total Assets
$38.7M
Fair Market Value
$48.5M
Net Worth
$38.7M
Grants Paid
$2.4M
Contributions
$0
Net Investment Income
$1.5M
Distribution Amount
$2.3M
Total Grants
16
Total Giving
$5.5M
Average Grant
$343K
Median Grant
$350K
Unique Recipients
8
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| National Philanthropic Trust501(C)(3) SUPPORT | Jenkintown, PA | $700K | 2023 |
| Atlanta Community Food Bank501(C)(3) SUPPORT | Atlanta, GA | $500K | 2023 |
| Emory University501(C)(3) SUPPORT | Atlanta, GA | $450K | 2023 |
| Iit Madras Foundation501(C)(3) SUPPORT | Cupertino, CA | $450K | 2023 |
| Open Hand Atlanta501(C)(3) SUPPORT | Atlanta, GA | $250K | 2023 |
| India America Cultural Association501(C)(3) SUPPORT | Smyrna, GA | $10K | 2023 |
| University Of New Brunswick501(C)(3) SUPPORT | Saint John | $551K | 2022 |
| The Hindu Temple Of Atlanta501(C)(3) SUPPORT | Riverdale, GA | $200K | 2022 |
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