Amarican-Indus Corporation
Amarican-Indus Corporation is a private foundation focused on Education, based in Potomac, MD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.8M in total assets. In 2024, it awarded 3 grants totaling $31K. Net investment income was $133K.
Amarican-Indus Corporation at a glance
In short: Amarican-Indus Corporation gave $31K across 3 grants in 2024 (avg $10K), mostly in Maryland. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $31,000
- -8.5% vs 2023
- Grants made (2024)
- 3
- -50.0% vs 2023
- Average grant
- $10,333
- +82.9% vs 2023
- Median grant
- $10,000
- Total assets
- $2,813,232
- +2.4% vs 2023
- Primary geography
- Maryland (65% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Amarican-Indus Corporation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was John Hopkins University ($20K). Together the top 3 received $31K.
Grant Size Distribution
28 grants across all recorded years
The most common grant size was under $50K: 28 grants of 28 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
States
Cities
How Amarican-Indus Corporation gives
- Giving fell 53% from 2021 to 2024. Method
- In 2024 it paid out 89% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $31K (2024) to $66K (2021). In 2024 it made 3 grants totaling $31K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| John Hopkins University Baltimore, MD | Charitable | $20,000 |
| Hindu University of America Peoria, AZ | Charitable | $10,000 |
| St Mary of Nazareth School White Oak, PA | Charitable | $1,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $2,813,232 | $142,372 | $145,122 | $31,000 | 3 | $135,615 | $132,960 | $151,545 |
| 2023 | $2,746,900 | $77,502 | $119,750 | $33,896 | 6 | $108,896 | $66,673 | $141,518 |
| 2022 | $2,714,148 | $81,583 | $176,751 | $32,190 | 7 | $160,190 | $65,046 | $141,484 |
| 2021 | $2,684,316 | $179,619 | $205,923 | $65,849 | 9 | $190,849 | $164,634 | $149,775 |
| 2020 | $2,620,620 | $87,784 | $184,693 | $34,100 | 3 | — | $78,307 | $138,981 |
Under IRS private-foundation payout rules, Amarican-Indus Corporation reported a distributable amount of $152K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Amarican-Indus Corporation is led by Vaikunth Gupta, President on every filing since 2020; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Vaikunth Gupta
President
On filings since 2020
5 hrs/week
No compensation reported
Sujata Gupta
Secretary
On filings since 2020
5 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Amarican-Indus Corporation
How much does Amarican-Indus Corporation give each year?
Amarican-Indus Corporation gave $31K across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $34K across 6 grants.
What is Amarican-Indus Corporation's typical grant size?
Amarican-Indus Corporation's median grant in 2024 was $10,000, and its average grant was $10,333, across 3 grants on its 2024 IRS Form 990-PF.
Where does Amarican-Indus Corporation give grants?
Amarican-Indus Corporation gives mostly in Maryland: 65% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Arizona (32%).
Does Amarican-Indus Corporation give general operating support?
Not in 2024: none of the 3 grants with a stated purpose on Amarican-Indus Corporation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charitable" (3 grants).
How large is Amarican-Indus Corporation?
Amarican-Indus Corporation reported $2.8M in total assets on its 2024 IRS Form 990-PF. It paid out $136K in qualifying distributions that year, against a required minimum of $152K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Amarican-Indus Corporation?
Amarican-Indus Corporation is a private foundation focused on Education, based in Potomac, MD. It holds $2.8M in total assets as of 2024.
What is Amarican-Indus Corporation's EIN?
Amarican-Indus Corporation's EIN (Employer Identification Number) is 27-4391099. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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