Lakshan Foundation Inc

PEACHTREE CORNERS, GA EIN: 84-3298250

Lakshan Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PEACHTREE CORNERS, GA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $38.7M in total assets. In 2024, it awarded 5 grants totaling $2.2M. Net investment income was $1.8M.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$38.7M

-0.2% YoY

Annual Giving

$2.2M

-6.4% YoY

Grant Count

-16.7% YoY

Avg Grant Size

$442K

+12.4% YoY

Under IRS private-foundation payout rules, Lakshan Foundation Inc reported a distributable amount of $2.6M for 2024 — the minimum it must pay out in qualifying distributions.

About Lakshan Foundation Inc

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Georgia $4.5M (54%)

Pennsylvania $2.3M (28%)

California $1.5M (18%)

States

California Georgia Pennsylvania

Cities

AtlantaCupertinoJenkintownRiverdaleSmyrna

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$38,663,207	$38,729,599	$39,574,081
Revenue	$1,943,519	$1,669,985	$782,497
Expenses	$2,344,968	$2,515,136	$1,711,514
Qualifying Distributions	$2,215,705	$2,366,528	$1,567,424
Net Investment Income	$1,814,255	$1,521,377	$850,472
Distributable Amount	$2,583,986	$2,269,782	$2,261,739

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

24 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include National Philanthropic Trust ($699,945), Atlanta Community Food Bank ($600,000), Emory University ($450,000).

Recipient	Purpose	Amount
ATLANTA COMMUNITY FOOD BANK ATLANTA, GA	501(C)(3) SUPPORT	$600,000
EMORY UNIVERSITY ATLANTA, GA	501(C)(3) SUPPORT	$450,000
IIT MADRAS FOUNDATION CUPERTINO, CA	501(C)(3) SUPPORT	$450,000
INDIA AMERICA CULTURAL ASSOCIATION SMYRNA, GA	501(C)(3) SUPPORT	$10,000
NATIONAL PHILANTHROPIC TRUST JENKINTOWN, PA	501(C)(3) SUPPORT	$699,945

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
SUBRAMONIAN SHANKAR	SECRETARY	2	—
LAKSHMI SHANKAR	SECRETARY	0.5	—
AMBIKA SHANKAR	SECRETARY	0.5	—
ANANTH SHANKAR	SECRETARY	0.5	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Lakshan Foundation Inc?

Lakshan Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PEACHTREE CORNERS, GA. It holds $38.7M in total assets as of 2024.

How large is Lakshan Foundation Inc?

As of 2024, Lakshan Foundation Inc holds $38.7M in total assets with $1.9M in annual revenue. It awarded 5 grants totaling $2.2M in 2024.

Where does Lakshan Foundation Inc operate?

Lakshan Foundation Inc has awarded grants in California, Georgia, Pennsylvania.

What size grants does Lakshan Foundation Inc award?

In 2024, Lakshan Foundation Inc awarded 5 grants totaling $2.2M — an average of about $442K per grant, based on its IRS Form 990 filings.

How much is Lakshan Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Lakshan Foundation Inc reported a distributable amount of $2.6M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.