Foundation in Memory of Dr Arvind and Mridula Acharya Inc
The Foundation in Memory of Dr Arvind and Mridula Acharya Inc is a private foundation based in Atlanta, Georgia. It is a family foundation that funds organizations working to improve conditions on earth, including organizations supporting people and animals, conducting medical research, and pursuing other initiatives intended to make a positive impact.
Foundation in Memory of Dr Arvind and Mridula Acharya Inc at a glance
In short: Foundation in Memory of Dr Arvind and Mridula Acharya Inc gave $19K across 13 grants in 2024 (avg $1K), top state Georgia. 38% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $18,982
- +0.5% vs 2023
- Grants made (2024)
- 13
- +0.0% vs 2023
- Average grant
- $1,460
- +0.5% vs 2023
- Median grant
- $504
- Total assets
- $469,895
- +15.8% vs 2023
- New grantees (estimate)
- 38% first-time grantees (5 of 13, 2024; small sample)
- Primary geography
- Georgia (42% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Foundation in Memory of Dr Arvind and Mridula Acharya Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests. It does not provide an application process or required materials in the available information.
- Contact
Mailing address: 406 Claire Dr Ne, Atlanta, GA 30307
Phone: (404) 983-3755
Website: https://acharyafoundation.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Foundation in Memory of Dr Arvind and Mridula Acharya Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Georgia Tech Foundation ($6K). Together the top 10 received $18K.
Grant Size Distribution
65 grants across all recorded years
The most common grant size was under $50K: 65 grants of 65 (100%).
Geographic Focus
Where this funder awards grants
In 2024, grant dollars went to recipients in Georgia (42%), Florida (29%), Washington, DC (11%), Texas (8%), and New York (7%). These figures describe the locations of listed recipients, not a stated geographic eligibility policy.
Grant Distribution by State
Share of 2024 grant dollars across all 13 itemized grants.
Cities
Is Foundation in Memory of Dr Arvind and Mridula Acharya Inc open to new grantees?
38%
first-time grantees, 2024
In 2024, 5 of 13 grantees (38%) were first-time recipients. With only 13 grantees, that is a small sample: one grantee more or less moves the share by about 8 points. First grants averaged $669; repeat grants $2K. How we count
Medians: $300 first-time, $752 repeat.
- 62% of 2024 grantees were also funded in 2023. Method
- Giving grew 51% from 2021 to 2024. Method
- In 2024 it paid out 106% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $7K (2020) to $19K (2024). In 2024 it made 13 grants totaling $19K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Georgia Tech Foundation Atlanta, GA | Legal purpose | $6,030 |
| United Way Miami, FL | Any legal purpose | $5,500 |
| World Wildlife Fund Washington, DC | Any purpose | $1,735 |
| Sea Turtle Inc South Padre Island, TX | Any legal purpose | $1,500 |
| Broadway Inc New York, NY | Any legal purpose | $1,030 |
| Emory University Atlanta, GA | Any legal purpose | $1,000 |
| Mary Lin Education Foundation Atlanta, GA | Any legal purpose | $504 |
| Wikimedia San Francisco, CA | Any legal purpose | $500 |
| Mary Lin Foundation Atlanta, GA | Any legal purpose | $300 |
| Smithsonian Space Museum Washington, DC | Any legal purpose | $287 |
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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 | $469,895 | $81,432 | $21,689 | $18,982 | 13 | $21,609 | $81,142 | $20,351 |
| 2023 | $405,749 | $59,450 | $22,715 | $18,882 | 13 | $22,003 | — | — |
| 2022 | $303,375 | $2,423 | $19,640 | $17,485 | 13 | $19,039 | — | — |
| 2021 | $329,043 | $57,400 | $15,587 | $12,549 | 13 | $15,587 | — | $14,701 |
| 2020 | $273,028 | $2,397 | $11,609 | $7,465 | 13 | — | — | $13,602 |
Under IRS private-foundation payout rules, Foundation in Memory of Dr Arvind and Mridula Acharya Inc reported a distributable amount of $20K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The foundation’s website describes its purpose as honoring Dr. Arvind and Mrs. Acharya by funding organizations that improve conditions on earth. Its 2024 grants included support for organizations whose stated work covers conservation, animal care, education, and other causes. For example, the World Wildlife Fund describes its mission as conserving nature and reducing threats to the diversity of life on Earth. Sea Turtle Inc says it rescues, rehabilitates, and releases injured sea turtles, educates the public, and assists with marine turtle conservation. Emory University describes its mission as creating, preserving, teaching, and applying knowledge in the service of humanity.
The foundation says it does not fund churches, charitable-event or dinner tickets, conferences or seminars, performance or special-event sponsorships, or legislative lobbying and other political purposes.
Grantmaking
In 2024, the foundation made 13 grants totaling $18,982. The grant amounts ranged from $150 to $6,030, with a median of $504. Its largest listed grants were $6,030 to Georgia Tech Foundation, $5,500 to United Way, $1,735 to World Wildlife Fund, $1,500 to Sea Turtle Inc, and $1,030 to Broadway Inc. Other listed recipients included Emory University ($1,000), Mary Lin Education Foundation ($504), Wikimedia ($500), and Mary Lin Foundation ($300).
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Nigamnarayan Acharya as CEO, Martha Grover as Secretary and Director, and Murali Suddala as Director. The foundation’s website identifies these same three people as its board members.
Foundation in Memory of Dr Arvind and Mridula Acharya Inc is led by Nigamnarayan Acharya, CEO since 2021 (on filings since 2020); none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Nigamnarayan Acharya
CEO
CEO & Director → CEO, 2021
On filings since 2020
3 hrs/week
No compensation reported
Martha Grover
Secretary & Director
On filings since 2020
0.2 hrs/week
No compensation reported
Murali Suddala
Director
On filings since 2020
0.1 hrs/week
No compensation reported
Former officers (1)
- Former: Mridula Acharya (2020–2021) — Director
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 Foundation in Memory of Dr Arvind and Mridula Acharya Inc
How much does Foundation in Memory of Dr Arvind and Mridula Acharya Inc give each year?
Foundation in Memory of Dr Arvind and Mridula Acharya Inc gave $19K across 13 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $19K across 13 grants.
What is Foundation in Memory of Dr Arvind and Mridula Acharya Inc's typical grant size?
Foundation in Memory of Dr Arvind and Mridula Acharya Inc's median grant in 2024 was $504, and its average grant was $1,460, across 13 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Foundation in Memory of Dr Arvind and Mridula Acharya Inc that year got $669 on average.
Where does Foundation in Memory of Dr Arvind and Mridula Acharya Inc give grants?
Foundation in Memory of Dr Arvind and Mridula Acharya Inc's top state is Georgia, with 42% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were Florida (29%) and District of Columbia (11%). The most frequent recipient cities were Atlanta, GA (5 grants), Washington, DC (2 grants) and New York, NY (2 grants).
Does Foundation in Memory of Dr Arvind and Mridula Acharya Inc give general operating support?
Not in 2024: none of the 13 grants with a stated purpose on Foundation in Memory of Dr Arvind and Mridula Acharya Inc's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Any legal purpose" (11 grants).
Who are Foundation in Memory of Dr Arvind and Mridula Acharya Inc's largest grantees?
Foundation in Memory of Dr Arvind and Mridula Acharya Inc's largest 2024 grantees include Georgia Tech Foundation ($6,030), United Way ($5,500) and World Wildlife Fund ($1,735), according to its 2024 IRS Form 990-PF. Together they received 70% of its itemized 2024 grant dollars.
How large is Foundation in Memory of Dr Arvind and Mridula Acharya Inc?
Foundation in Memory of Dr Arvind and Mridula Acharya Inc reported $470K in total assets on its 2024 IRS Form 990-PF. It paid out $22K in qualifying distributions that year, against a required minimum of $20K (roughly 5% of its investment assets).
What does Foundation in Memory of Dr Arvind and Mridula Acharya Inc fund?
The foundation’s website describes its purpose as honoring Dr. Arvind and Mrs. Acharya by funding organizations that improve conditions on earth. Its 2024 grants included support for organizations whose stated work covers conservation, animal care, education, and other causes. See mission & focus areas ↑
How do I apply for a grant from Foundation in Memory of Dr Arvind and Mridula Acharya Inc?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Foundation in Memory of Dr Arvind and Mridula Acharya Inc's EIN?
Foundation in Memory of Dr Arvind and Mridula Acharya Inc's EIN (Employer Identification Number) is 46-1623778. IRS Form 990 filing data is available on this page for 2020–2024.
Does Foundation in Memory of Dr Arvind and Mridula Acharya Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 15, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 14, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 16, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 11, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 13, 2025)
- IRS filings on file for fiscal years 2020–2024
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