Lakan Incorporated
Lakan Incorporated is a private foundation based in Potomac, Maryland. In 2024, it made 15 charitable grants totaling $49,230 to organizations and other recipients in Maryland, Ohio, Washington, DC, and Virginia.
Lakan Incorporated at a glance
In short: Lakan Incorporated gave $49K across 15 grants in 2024 (avg $3K), mostly in Maryland. Source: 2024 IRS Form 990 filing.
- Annual giving (2024)
- $49,230
- +33.1% vs 2023
- Grants made (2024)
- 15
- +7.1% vs 2023
- Average grant
- $3,282
- +24.2% vs 2023
- Median grant
- $1,000
- Total assets
- $822,743
- -5.2% vs 2023
- Primary geography
- Maryland (59% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990 filing, 2024 View filing
Data from IRS Form 990 filing, 2024; updated October 2026.
How to apply to Lakan Incorporated
- 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 for funds.
- Contact
Mailing address: 11752 Lake Potomac Drive, Potomac, MD 20854
Phone: (301) 946-8040
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Lakan Incorporated funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Fidelity DAF ($10K). Together the top 10 received $46K.
Grant Size Distribution
66 grants across all recorded years
The most common grant size was under $50K: 65 grants of 66 (98%).
Geographic Focus
Where this funder awards grants
In 2024, 59% of grant dollars went to recipients in Maryland, 20% to Ohio, 17% to Washington, DC, and 3% to Virginia.
Grant Distribution by State
Share of 2024 grant dollars across all 15 itemized grants.
Cities
How Lakan Incorporated gives
- 67% of 2024 grantees were also funded in 2023. Method
- Giving fell 22% from 2021 to 2024. Method
- In 2023 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
Estimate from itemized grant lists in IRS Form 990-PF filings (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 $37K (2023) to $63K (2021). In 2024 it made 15 grants totaling $49K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Fidelity DAF Cincinatti, OH | Charitable | $10,000 |
| Guru Nanak Foundation of America Silver Spring, MD | Charitable | $10,000 |
| Suburban Hospital Foundation Bethesda, MD | Charitable | $9,730 |
| Guru Gobind Sing Foundation Rockville, MD | Charitable | $7,000 |
| Childrens Natl Washington, DC | Charitable | $3,000 |
| Saldef Washington, DC | Charitable | $2,000 |
| Five Talents Falls Church, VA | Charitable | $1,500 |
| Howard University Washington, DC | Charitable | $1,000 |
| Sikh Gurdwara DC Washington, DC | Charitable | $1,000 |
| Jaswant Sawhney Trust Potomac, MD | Charitable | $1,000 |
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Financial History
Multi-year comparison from IRS filings
The 2023 filing data provided does not include a revenue figure.
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $822,743 | $68,649 | $49,230 | $49,230 | 15 | — | $12,325 | — |
| 2023 | $867,878 | — | $37,000 | $37,000 | 14 | $37,000 | $2,038 | $41,632 |
| 2022 | $890,519 | $99,904 | $55,000 | $55,000 | 3 | $55,000 | $28,602 | $44,523 |
| 2021 | $1,592,692 | $452,033 | $63,000 | $63,000 | 14 | $63,000 | $97,073 | $62,896 |
| 2020 | $1,540,741 | $306,860 | $49,615 | $48,900 | 20 | — | $685 | $55,465 |
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants went to a range of charitable recipients, including hospital, education, and Sikh community organizations. The Suburban Hospital Foundation, which received $9,730, says that it raises and distributes philanthropic gifts in support of Suburban Hospital’s programs and priorities.
Grantmaking
In 2024, the foundation reported 15 grants totaling $49,230. Grant amounts ranged from $500 to $10,000, with a median of $1,000. Its largest listed grants were $10,000 to Fidelity DAF and $10,000 to Guru Nanak Foundation of America; $9,730 to Suburban Hospital Foundation; and $7,000 to Guru Gobind Sing Foundation. Other listed recipients included Childrens Natl ($3,000), SALDEF ($2,000), and Five Talents ($1,500).
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Lakhbir Singh, Manpreet Singh, and Gurpreet Singh as officers.
Lakan Incorporated's 2024 filing lists 3 officers; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Lakhbir Singh
Officer
Director → Officer, 2022
On filings since 2020
5 hrs/week
No compensation reported
Gurpreet Singh
Officer
On filings since 2022
5 hrs/week
No compensation reported
Manpreet Singh
Officer
On filings since 2022
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 Lakan Incorporated
How much does Lakan Incorporated give each year?
Lakan Incorporated gave $49K across 15 grants in 2024, according to its 2024 IRS Form 990 filing. In 2023 it gave $37K across 14 grants.
What is Lakan Incorporated's typical grant size?
Lakan Incorporated's median grant in 2024 was $1,000, and its average grant was $3,282, across 15 grants on its 2024 IRS Form 990 filing.
Where does Lakan Incorporated give grants?
Lakan Incorporated gives mostly in Maryland: 59% of the grant dollars itemized on its 2024 IRS Form 990 filing went to recipients there. The next largest states were Ohio (20%) and District of Columbia (17%). The most frequent recipient cities were Washington, DC (6 grants), Rockville, MD (2 grants) and Potomac, MD (2 grants).
Does Lakan Incorporated give general operating support?
Not in 2024: none of the 15 grants with a stated purpose on Lakan Incorporated's 2024 IRS Form 990 filing were described as general or operating support. Recurring purposes include "Charitable" (15 grants).
Who are Lakan Incorporated's largest grantees?
Lakan Incorporated's largest 2024 grantees include Fidelity DAF ($10,000), Guru Nanak Foundation of America ($10,000) and Suburban Hospital Foundation ($9,730), according to its 2024 IRS Form 990 filing. Together they received 60% of its itemized 2024 grant dollars.
How large is Lakan Incorporated?
Lakan Incorporated reported $823K in total assets on its 2024 IRS Form 990 filing. Its revenue that year was $69K.
What does Lakan Incorporated fund?
No mission statement for the foundation is provided. Its 2024 grants went to a range of charitable recipients, including hospital, education, and Sikh community organizations. See mission & focus areas ↑
How do I apply for a grant from Lakan Incorporated?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Lakan Incorporated's EIN?
Lakan Incorporated's EIN (Employer Identification Number) is 20-1754985. IRS Form 990 filing data is available on this page for 2020–2024.
Does Lakan Incorporated 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
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Figures come from Lakan Incorporated's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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