ANDOVER, MA

Sudireddy Foundation Inc.

Quick Facts

EIN: 463480804
Location: ANDOVER, MA
Category: Philanthropy & Grantmaking
Total Assets: $1.7M
Annual Income: $9.6M
IRS Ruling Year: 2013
Organization Type: Non-Operating Foundation
Principal Officer: % Ramakrishna R Sudireddy
Tax Deductibility: Contributions are deductible

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About This Foundation

Sudireddy Foundation Inc. is a private corporation based in ANDOVER, MA. The foundation received its IRS ruling in 2013. The principal officer is % Ramakrishna R Sudireddy. It holds total assets of $1.7M. Annual income is reported at $9.6M. MAKING CONTRIBUTIONS TO PRESELECTED CHARITABLE ORGANIZATIONS. According to available records, Sudireddy Foundation Inc. has made 9 grants totaling $107K, with a median grant of $10K. Annual giving has decreased from $71K in 2022 to $36K in 2023. Individual grants have ranged from $250 to $25K, with an average award of $12K. The foundation has supported 4 unique organizations. Grants have been distributed to organizations in Massachusetts and Florida. Contributions to this foundation are tax-deductible.

Application Information

Preselected OnlyThis foundation typically selects grantees rather than accepting unsolicited proposals.

Programs & Activities

MAKING CONTRIBUTIONS TO PRESELECTED CHARITABLE ORGANIZATIONS.

Expenses: $36K

Frequently Asked Questions

What does Sudireddy Foundation Inc. fund?

MAKING CONTRIBUTIONS TO PRESELECTED CHARITABLE ORGANIZATIONS. Based on available records, the foundation has funded 9 grants. Its grantmaking reaches organizations primarily in MA, FL.

How much does Sudireddy Foundation Inc. give in grants?

Sudireddy Foundation Inc. has distributed a total of $107K across 9 grants. The median grant size is $10K, with an average of $12K. Individual grants have ranged from $250 to $25K.

How do I apply for a grant from Sudireddy Foundation Inc.?

Sudireddy Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.

Where is Sudireddy Foundation Inc. located?

Sudireddy Foundation Inc. is headquartered in ANDOVER, MA. While based in MA, the foundation distributes grants to organizations across 2 states.

Key People & Compensation (2022)

Name	Title	Compensation	Benefits	Total
Ramakrishna R Sudireddy	PRESIDENT	$0	$0	$0
Santha K Sudireddy	TREASURER	$0	$0	$0

990 Tax Filings

Year	Return Type	PDF
2023	990PF	View
2022	990PF	View
2021	990PF	View
2020	990PF

Research This Foundation

GuideStar / Candid ProPublica Nonprofit Explorer IRS Tax Exempt Status

Financial Overview

Total Giving

$39K

2022-13%

Total Assets

$1.4M

2022+17%

Fair Market Value

$1.4M

2022

Net Worth

$1.4M

2022

Grants Paid

$36K

2022

Contributions

2022

Net Investment Income

$240K

2022

Distribution Amount

$54K

2022

Total Giving by Year

Asset Growth

Revenue Over Time

Liabilities Over Time

Expense Breakdown (2022)

Revenue Sources (2022)

Capital Gains (Net): $232K
Dividends: $9K

Financial Details (2022)

Total Revenue: $242K
Total Expenses: $39K
Exempt Purpose Expenses: $37K
Required Distribution: $54K
Undistributed Income: $0
Total Liabilities: $1
Excise Tax: $3K
Tax Due: $4K

Foundation Classification (2022)

Operating FoundationNo

Grants to IndividualsNo

Non-Charity GrantsNo

Lobbying ActivityNo

Excess Business HoldingsNo

Grantmaking Insights

Total Grants

Total Giving

$107K

Average Grant

$12K

Median Grant

$10K

Unique Recipients

Most Common Grant

$10K

Grant Disbursements by Year

Grant Range

Min$250

Max$25K

Median: $10K

Smallest grantLargest grant

Openness to New Grantees (2023)

of 2023 grantees were first-time recipients

Grant Size Distribution

Geographic Distribution of Grants

MA$106K (7)

FL$500 (2)

Past Grantees

Recipient	Location	Amount	Year
Harvard UniversityHARVARD DIVINITY SCHOOL	Cambridge, MA	$25K	2023
The Pike SchoolANNUAL FUND	Andover, MA	$10K	2023
Danny'S PlaceYOUTH SERVICES	Acton, MA	$1K	2023
Shivdham Hindu TempleTEMPLE PROGRAMS & SUPPORT	Orlando, FL	$250	2022