Lakshan Foundation Inc
Lakshan Foundation Inc is a private foundation, based in Peachtree Corners, GA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $38.6M in total assets. In 2025, it awarded 6 grants totaling $2.9M. Net investment income was $2.9M.
Lakshan Foundation Inc at a glance
In short: Lakshan Foundation Inc gave $2.9M across 6 grants in 2025 (avg $487K), top state Georgia. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $2,921,718
- +32.2% vs 2024
- Grants made (2025)
- 6
- +20.0% vs 2024
- Average grant
- $486,953
- +10.2% vs 2024
- Median grant
- $600,000
- Total assets
- $38,641,206
- -0.1% vs 2024
- Primary geography
- Georgia (41% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Lakshan Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2025
The largest 2025 recipient was University of New Brunswick ($712K). Together the top 6 received $2.9M.
Grant Size Distribution
26 grants across all recorded years
The most common grant size was in the $500K–1M range: 11 grants of 26 (42%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 6 itemized grants.
Cities
How Lakshan Foundation Inc gives
- Giving grew 87% from 2022 to 2025. Method
- In 2025 it paid out 106% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $951K (2021) to $2.9M (2025). In 2025 it made 6 grants totaling $2.9M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of New Brunswick | 501(C)(3) Support | $711,718 |
| Atlanta Community Food Bank Atlanta, GA | 501(C)(3) Support | $600,000 |
| Emory University Atlanta, GA | 501(C)(3) Support | $600,000 |
| IIT Madras Foundation Cupertino, CA | 501(C)(3) Support | $600,000 |
| Sankara Nethralaya Derwood, MD | 501(C)(3) Support | $400,000 |
| India America Cultural Association Smyrna, GA | 501(C)(3) Support | $10,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $38,641,206 | $3,070,031 | $3,091,515 | $2,921,718 | 6 | $2,928,050 | $2,941,422 | $2,774,516 |
| 2024 | $38,663,207 | $1,943,519 | $2,344,968 | $2,209,945 | 5 | $2,215,705 | $1,814,255 | $2,583,986 |
| 2023 | $38,729,599 | $1,669,985 | $2,515,136 | $2,360,000 | 6 | $2,366,528 | $1,521,377 | $2,269,782 |
| 2022 | $39,574,081 | $782,497 | $1,711,514 | $1,560,548 | 5 | $1,567,424 | $850,472 | $2,261,739 |
| 2021 | $40,551,371 | $2,639,415 | $1,111,485 | $951,255 | 4 | $951,405 | $2,497,935 | $2,429,976 |
| 2020 | $39,033,271 | $1,189,466 | $2,185,887 | $2,000,000 | 4 | — | $1,076,380 | $2,041,584 |
Under IRS private-foundation payout rules, Lakshan Foundation Inc reported a distributable amount of $2.8M for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Lakshan Foundation Inc's 2025 filing lists 4 officers; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Ambika Shankar
Secretary
On filings since 2020
0.5 hrs/week
$20K (2020) → $0 (2025)
Ananth Shankar
Secretary
On filings since 2020
0.5 hrs/week
$20K (2020) → $0 (2025)
Lakshmi Shankar
Secretary
On filings since 2020
0.5 hrs/week
$20K (2020) → $0 (2025)
Subramonian Shankar
Secretary
On filings since 2020
2 hrs/week
$25K (2020) → $0 (2025)
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
No officer or director reported compensation in the available filings.
Frequently asked questions about Lakshan Foundation Inc
How much does Lakshan Foundation Inc give each year?
Lakshan Foundation Inc gave $2.9M across 6 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $2.2M across 5 grants.
What is Lakshan Foundation Inc's typical grant size?
Lakshan Foundation Inc's median grant in 2025 was $600,000, and its average grant was $486,953, across 6 grants on its 2025 IRS Form 990-PF.
Where does Lakshan Foundation Inc give grants?
Lakshan Foundation Inc's top state is Georgia, with 41% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were California (21%) and Maryland (14%). The most frequent recipient cities were Atlanta, GA (2 grants).
Does Lakshan Foundation Inc give general operating support?
Not in 2025: none of the 6 grants with a stated purpose on Lakshan Foundation Inc's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "501(C)(3) Support" (6 grants).
Who are Lakshan Foundation Inc's largest grantees?
Lakshan Foundation Inc's largest 2025 grantees include University of New Brunswick ($711,718), Atlanta Community Food Bank ($600,000) and Emory University ($600,000), according to its 2025 IRS Form 990-PF. Together they received 65% of its itemized 2025 grant dollars.
How large is Lakshan Foundation Inc?
Lakshan Foundation Inc reported $38.6M in total assets on its 2025 IRS Form 990-PF. It paid out $2.9M in qualifying distributions that year, against a required minimum of $2.8M (roughly 5% of its investment assets).
What is Lakshan Foundation Inc's EIN?
Lakshan Foundation Inc's EIN (Employer Identification Number) is 84-3298250. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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 11, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 16, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS October 23, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 14, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 13, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
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