Deshpande Family Foundation
Deshpande Family Foundation is a private foundation, based in Stoneham, MA. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $601K in total assets. In 2025, it awarded 2 grants totaling $5K. Net investment income was $4K.
Deshpande Family Foundation at a glance
In short: Deshpande Family Foundation gave $5K across 2 grants in 2025 (avg $3K), mostly in Massachusetts. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $5,201
- -54.8% vs 2024
- Grants made (2025)
- 2
- +0.0% vs 2024
- Average grant
- $2,601
- -54.8% vs 2024
- Median grant
- $2,601
- Total assets
- $600,670
- -2.7% vs 2024
- Primary geography
- Massachusetts (96% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Deshpande Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Vision Aid ($5K). Together the top 2 received $5K.
Grant Size Distribution
17 grants across all recorded years
The most common grant size was under $50K: 17 grants of 17 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
How Deshpande Family Foundation gives
- Giving fell 89% from 2022 to 2025. Method
- In 2025 it paid out 13% 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 2021 to 2025, annual grant giving ranged from $5K (2025) to $48K (2022). In 2025 it made 2 grants totaling $5K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Vision Aid Lexington, MA | Unrestricted General Support | $5,000 |
| Aradhane Committee Rocky River, OH | Unrestricted General Support | $201 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $600,670 | $-5,576 | $11,372 | $5,201 | 2 | $5,225 | $3,868 | $41,027 |
| 2024 | $617,618 | $49,837 | $21,217 | $11,500 | 2 | $11,559 | $49,837 | $34,268 |
| 2023 | $588,998 | $-16,937 | $26,507 | $26,500 | 5 | $26,507 | $3,013 | $31,857 |
| 2022 | $632,442 | $28,902 | $51,791 | $48,000 | 5 | $48,042 | $28,902 | $43,451 |
| 2021 | $654,331 | $146,286 | $28,816 | $26,000 | 3 | — | $146,286 | $42,428 |
Under IRS private-foundation payout rules, Deshpande Family Foundation reported a distributable amount of $41K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Deshpande Family Foundation's 2025 filing lists 2 officers; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Gururaj Deshpande
Co-Trustee
On filings since 2021
1 hr/week
No compensation reported
Jaishree Deshpande
Co-Trustee
On filings since 2021
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2021–2025. "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 Deshpande Family Foundation
How much does Deshpande Family Foundation give each year?
Deshpande Family Foundation gave $5K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $12K across 2 grants.
How large is Deshpande Family Foundation?
Deshpande Family Foundation reported $601K in total assets on its 2025 IRS Form 990-PF. It paid out $5K in qualifying distributions that year, against a required minimum of $41K (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.
Where does Deshpande Family Foundation operate?
Deshpande Family Foundation has awarded grants in California, Massachusetts, Ohio.
What is Deshpande Family Foundation's EIN?
Deshpande Family Foundation's EIN (Employer Identification Number) is 22-6705396. IRS Form 990 filing data is available on this page for 2021–2025.
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 2021–2025
Live grants for the work Deshpande Family Foundation funds
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