The ALKU Foundation is the philanthropic arm of ALKU, a specialized staffing and consulting services firm headquartered in Andover, Massachusetts. Founded in 2022, the foundation operates as part of ALKU's embedded culture of giving back and community support. ALKU itself is a rapidly growing staffing firm with seven offices nationwide, specializing in senior-level consulting across Technologies, Healthcare IT, Life Sciences, and Government industries.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$10.4M
+36.9% YoY
Annual Giving
$864K
+48.0% YoY
Grant Count
58
+34.9% YoY
Avg Grant Size
$15K
+9.8% YoY
Mission & Focus Areas
The ALKU Foundation supports youth-serving programs that promote equity and social progress to build future leaders. The foundation prioritizes initiatives focused on:
- Youth development and empowerment
- Women's initiatives
- Equity and social progress
- Community strengthening and local partnerships
Grantmaking
In December 2024, the ALKU Foundation awarded $300,000 in grants through its Catalyst Fund to eight nonprofits across Massachusetts in the second year of the program. Grant recipients included:
Grant Range
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Geographic Focus
Where this funder awards grants
The ALKU Foundation primarily funds organizations across Massachusetts, with particular emphasis on the Boston area and surrounding communities including Andover and Lawrence.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $10,438,644 | $7,623,420 | $4,991,535 |
| Revenue | $3,706,607 | $5,771,026 | $6,380,514 |
| Expenses | $892,609 | $847,741 | $204,682 |
| Qualifying Distributions | $868,580 | $792,002 | $196,984 |
| Net Investment Income | $3,185,652 | $220,606 | $1,199,036 |
| Distributable Amount | $540,893 | $286,398 | $18,776 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
103 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Vanessa Plant: Executive Director of The ALKU Foundation
- Mark Eldridge: CEO of ALKU and trustee of The ALKU Foundation
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KATHLEEN ELDRIDGE | PRESIDENT/TREASURER | 2 | — |
| JOHN ELDRIDGE | DIRECTOR | 1 | — |
| MADELINE ELDRIDGE | DIRECTOR | 1 | — |
| MARK ELDRIDGE | DIRECTOR | 1 | — |
| VANESSA PLANT | EXECUTIVE DIRECTOR, SEE STMT ATTACHED | 40 | — |
Recent News & Activity
Recent developments and announcements
**December 2024**: The ALKU Foundation announced the awarding of $300,000 in grants from its Catalyst Fund to eight nonprofits across Massachusetts, marking the second year of the Catalyst Fund initiative. According to Vanessa Plant, Executive Director, grant recipients are "embarking on meaningful new projects — whether expanding services, supporting their teams, or building capacity — to deepen their impact for youth and women across Massachusetts."
ALKU Foundation Awards $300,000 in Grants to Empower Local Nonprofits - fundsforNGOsThe foundation's commitment extends beyond direct grantmaking. ALKU and the foundation also partner with organizations like Mass Mentoring Partnership (partnership since 2012) and BEST Kids (partnership since 2016) to support mentoring initiatives. Additionally, ALKU administers an annual scholarship program in partnership with Mass Mentoring Partnership, with a $30,000 academic scholarship awarded annually.
Mass Mentoring Partnership Hosts Annual Fundraising Event, Awards $30,000Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
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John J Mcardle Iii & Joan C Mcardle
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Assets
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Total Given
$205K
Massachusetts Association of Realtors
FOXBOROUGH, MA
Assets
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Total Given
$71K
Communities for Restorative Justice
BOSTON, MA
Assets
$524K
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1
Total Given
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Hingham Historical Society Inc
HINGHAM, MA
Assets
$7.4M
Grants
1
Total Given
$10K
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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