Indus Foundation of Utah is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $38 in total assets. In 2024, it awarded 5 grants totaling $57K. Net investment income was $35.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$38
-99.9% YoY
Annual Giving
$57K
+1045.2% YoY
Grant Count
5
+400.0% YoY
Avg Grant Size
$11K
+129.0% YoY
Under IRS private-foundation payout rules, Indus Foundation of Utah reported a distributable amount of $320 for 2024 — the minimum it must pay out in qualifying distributions.
About Indus Foundation of Utah
Based on IRS filings
Indus Foundation of Utah is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $38 in total assets. In 2024, it awarded 5 grants totaling $57K. Net investment income was $35.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2021 |
|---|---|---|---|
| Total Assets | $38 | $28,174 | $57,590 |
| Revenue | $37,135 | $25,117 | $50,442 |
| Expenses | $65,271 | $12,878 | $242,852 |
| Qualifying Distributions | $65,271 | $12,878 | $241,952 |
| Net Investment Income | $35 | $117 | $146,824 |
| Distributable Amount | $320 | $854 | $6,939 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
16 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Afef Inc ($20,000), Utah State University ($18,000), University of Utah ($15,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AFEF INC NEW YORK, NY | General & Unrestricted | $20,000 |
| ENGLISH SKILLS LEARNING CENTER SALT LAKE CITY, UT | General & Unrestricted | $3,000 |
| HELO INCORPORATED WETHERSFIELD, CT | General & Unrestricted | $1,260 |
| UNIVERSITY OF UTAH SALT LAKE CITY, UT | First Ascent Scholars program at the David Eccles School of Business | $15,000 |
| UTAH STATE UNIVERSITY LOGAN, UT | USU Educational opportunity scholarship fund for 5 students | $18,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Shailaja Akkapeddi | Co- Pres, Dir, Sec, Treas | 1 | — |
| Ajay Krishnan | Co- Pres, Dir | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Indus Foundation of Utah?
Indus Foundation of Utah is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. It holds $38 in total assets as of 2024.
How large is Indus Foundation of Utah?
As of 2024, Indus Foundation of Utah holds $38 in total assets with $37K in annual revenue. It awarded 5 grants totaling $57K in 2024.
Where does Indus Foundation of Utah operate?
Indus Foundation of Utah has awarded grants in Connecticut, New York, Texas, Utah.
What size grants does Indus Foundation of Utah award?
In 2024, Indus Foundation of Utah awarded 5 grants totaling $57K — an average of about $11K per grant, based on its IRS Form 990 filings.
How much is Indus Foundation of Utah required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Indus Foundation of Utah reported a distributable amount of $320 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Indus Foundation of Utah's EIN?
Indus Foundation of Utah's EIN (Employer Identification Number) is 85-3048732. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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