Steadfast Initiative Fund
Steadfast Initiative Fund is a private foundation, based in Wilmington, DE. IRS filing data is available from 2024 through 2025. As of 2025, the organization holds $6.8M in total assets. In 2025, it awarded 4 grants totaling $207K. Net investment income was $762K.
Steadfast Initiative Fund at a glance
In short: Steadfast Initiative Fund gave $207K across 4 grants in 2025 (avg $52K), top state New Jersey. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $207,100
- Grants made (2025)
- 4
- Average grant
- $51,775
- Median grant
- $51,000
- Total assets
- $6,834,066
- +55.7% vs 2024
- Primary geography
- New Jersey (48% 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 Steadfast Initiative Fund funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was Embers International Inc ($100K). Together the top 4 received $207K.
Grant Size Distribution
4 grants across all recorded years
The most common grant size was under $50K: 2 grants of 4 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
States
Cities
How Steadfast Initiative Fund gives
- In 2025 it paid out 99% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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
In 2025 it made 4 grants totaling $207K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Embers International Inc Fort Lee, NJ | General & Unrestricted | $100,000 |
| Justice Rising International Los Angeles, CA | General & Unrestricted | $60,000 |
| New City Presbyterian Church Ferndale, MI | General & Unrestricted | $42,000 |
| Gospel Missions of India Warren, MI | General & Unrestricted | $5,100 |
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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 | $6,834,066 | $2,692,870 | $249,100 | $207,100 | 4 | $225,576 | $761,714 | $228,916 |
| 2024 | $4,390,296 | $4,397,667 | $7,371 | — | — | $7,371 | $1,306,632 | — |
Under IRS private-foundation payout rules, Steadfast Initiative Fund reported a distributable amount of $229K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Steadfast Initiative Fund is led by Angelin R Baskaran, Director, President & Secretary on every filing since 2024; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Angelin R Baskaran
Director, President & Secretary
On filings since 2024
1 hr/week
No compensation reported
William P Vijverberg
Director & Treasurer
On filings since 2024
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2024–2025. "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 Steadfast Initiative Fund
How much does Steadfast Initiative Fund give each year?
Steadfast Initiative Fund gave $207K across 4 grants in 2025, according to its 2025 IRS Form 990-PF.
What is Steadfast Initiative Fund's typical grant size?
Steadfast Initiative Fund's median grant in 2025 was $51,000, and its average grant was $51,775, across 4 grants on its 2025 IRS Form 990-PF.
Where does Steadfast Initiative Fund give grants?
Steadfast Initiative Fund's top state is New Jersey, with 48% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were California (29%) and Michigan (23%).
Does Steadfast Initiative Fund give general operating support?
Yes: 100% of Steadfast Initiative Fund's 2025 grants with a stated purpose (4 of 4) were for general or operating support, per its 2025 IRS Form 990-PF.
How large is Steadfast Initiative Fund?
Steadfast Initiative Fund reported $6.8M in total assets on its 2025 IRS Form 990-PF. It paid out $226K in qualifying distributions that year, against a required minimum of $229K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Steadfast Initiative Fund's EIN?
Steadfast Initiative Fund's EIN (Employer Identification Number) is 99-3969696. IRS Form 990 filing data is available on this page for 2024–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS July 9, 2026)
- IRS filings on file for fiscal year 2024
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