Indigo Foundation Inc is a private independent foundation established in Louisville, Kentucky. The foundation operates as a 501(c)(3) private foundation under IRS classification T22 (Private Independent Foundations). It has been tax-exempt since August 2017. The foundation maintains a lean operational structure with a three-person board and does not maintain a public website.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$35.3M
+13.0% YoY
Annual Giving
$3.9M
+41.5% YoY
Grant Count
13
+8.3% YoY
Avg Grant Size
$297K
+30.6% YoY
Under IRS private-foundation payout rules, Indigo Foundation reported a distributable amount of $1.7M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
Indigo Foundation Inc primarily focuses on human services organizations, with particular emphasis on:
- Healthcare access
- Child development
- Workforce development
- Education initiatives
Grantmaking
The foundation does not maintain a public application process and only accepts grants to preselected organizations. Unsolicited grant applications are not accepted.
Grant Range
Up to $800,000
Average Grant
$227,778
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation operates primarily in Kentucky, with a focus on:
- Louisville
- Lexington
- Frankfort
- Hazard
Select grants are also made in California and Illinois.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Giving:
- Total assets: $41 million (2024)
- Annual distributions: $3.9 million (2024)
- Total assets: $35,294,356 (2023)
- Total giving: $3,866,666 (2023)
Revenue (2023):
- Total grants, contributions, etc.: $4,002,021
- Investment income and dividends: $900,447
- Net gain from sale of non-inventory assets: $5,432,096
- Total revenues: $10,373,618
- Total expenses: $2,845,267
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $35,294,356 | $31,232,825 | $27,706,495 |
| Revenue | $14,104,181 | $10,373,618 | $706,673 |
| Expenses | $4,147,823 | $2,845,267 | $1,850,554 |
| Qualifying Distributions | $3,873,715 | $2,736,646 | $1,712,058 |
| Net Investment Income | $8,049,152 | $6,251,505 | $582,672 |
| Distributable Amount | $1,739,118 | $1,522,518 | $1,633,847 |
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
59 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Baptist Health Foundation Greater Louisville Inc ($750,000), National Philanthropic Trust (optimus Foundation) ($600,000), Family Community Clinic Inc ($500,000).
| Recipient | Purpose | Amount |
|---|---|---|
| 21ST CENTURY PARKS ENDOWMENT INC LOUISVILLE, KY | HUMAN SERVICES | $250,000 |
| 21ST CENTURY PARKS INC LOUISVILLE, KY | THE PARKLANDS OF FLOYDS FORK | $100,000 |
| BAPTIST HEALTH FOUNDATION GREATER LOUISVILLE INC LOUISVILLE, KY | CHILD DEVELOPMENT CENTER | $750,000 |
| DARE TO CARE INC LOUISVILLE, KY | LOUISVILLE METRO | $50,000 |
| FAMILY COMMUNITY CLINIC INC LOUISVILLE, KY | HUMAN SERVICES | $500,000 |
| HOMES FOR OUR TROOPS INC TAUNTON, MA | HUMAN SERVICES | $100,000 |
| JEFFERSON COMMUNITY TECHNICAL COLLEGE FOUNDATION INC LOUISVILLE, KY | HUMAN SERVICES | $500,000 |
| NATIONAL PHILANTHROPIC TRUST (OPTIMUS FOUNDATION) SAN FRANCISCO, CA | IMGAINE WORLDWIDE AND AMERICARES | $600,000 |
| SIMMONS COLLEGE OF KENTUCKY INC LOUISVILLE, KY | HUMAN SERVICES | $50,000 |
| U-GO INITIATIVE SOLANO BEACH, CA | HUMAN SERVICES | $250,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is led by a three-person board with minimal compensation. The President and Vice President serve without compensation, while the Secretary/Treasurer received $4,277 in compensation (2024).
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LESLIE TAYLOR | PRESIDENT | 1 | — |
| VICKI BUSTER | VICE PRESIDENT | 1 | — |
| LAURA FORBES | SECRETARY/TREASURER | 1 | $4,277 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Indigo Foundation fund?
Indigo Foundation Inc primarily focuses on human services organizations, with particular emphasis on: • Healthcare access • Child development • Workforce development • Education initiatives
How do I apply for a grant from Indigo Foundation?
**Grant Activity & Amounts:** • Annual giving: $3.9 million (2024) • Total grants made: 13 grants (2024) • Average grant: $227,778 • Grant range: Up to $800,000 • Median grant: $250,000 **Application Process:** The foundation does not maintain a public application process and only accepts grants to preselected organizations. Unsolicited grant applications are not accepted. **Recent Grants (2023):** • U-Go Initiative: $250,000 • 21st Century Parks Endowment: $250,000 • Waterfront Botanical Garde…
Where does Indigo Foundation make grants?
The foundation operates primarily in Kentucky, with a focus on: • Louisville • Lexington • Frankfort • Hazard Select grants are also made in California and Illinois.
What size grants does Indigo Foundation award?
In 2024, Indigo Foundation awarded 13 grants totaling $3.9M — an average of about $297K per grant, based on its IRS Form 990 filings.
How much is Indigo Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Indigo Foundation reported a distributable amount of $1.7M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Indigo Foundation's EIN?
Indigo Foundation's EIN (Employer Identification Number) is 81-4600741. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Indigo Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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