Surest Inc is a private foundation focused on Science & Technology, based in Cambridge, MA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $743K in total assets. In 2024, it awarded 15 grants totaling $19K. Net investment income was $23K.
Key facts about Surest Inc
- EIN
- 85-4284216
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $18,500
- Grants made (2024)
- 15
- Average grant
- $1,233
- Median grant
- $1,000
- Total assets
- $743,365
- Primary geography
- District of Columbia (34% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Surest Inc funds
By grant dollars, the top recipient states for Surest Inc's 15 itemized 2024 grants were District of Columbia (34%), Massachusetts (23%) and New York (19%). The most frequent recipient cities were New York, NY (4 grants), Boston, MA (3 grants) and Washington, DC (2 grants). None of its 15 grants with a stated purpose were described as general or operating support. Recurring purposes include "Charitable Purposes" (15 grants).
How Surest Inc gives
- 60% of 2024 grantees were also funded in 2023. Method
- Giving grew 6067% from 2021 to 2024. Method
- In 2024 it paid out 69% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized IRS Form 990-PF grant lists (2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Surest Inc
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$743K
+49.7% YoY
Annual Giving
$19K
+13.4% YoY
Grant Count
15
+66.7% YoY
Avg Grant Size
$1K
-31.9% YoY
Under IRS private-foundation payout rules, Surest Inc reported a distributable amount of $27K for 2024 — the minimum it must pay out in qualifying distributions.
About Surest Inc
Based on IRS filings
Surest Inc is a private foundation focused on Science & Technology, based in Cambridge, MA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $743K in total assets. In 2024, it awarded 15 grants totaling $19K. Net investment income was $23K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 15 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $743,365 | $496,613 | $278,024 |
| Revenue | $123,760 | $112,315 | $101,934 |
| Expenses | $19,864 | $17,148 | $19 |
| Qualifying Distributions | $18,500 | $16,310 | — |
| Net Investment Income | $22,646 | $11,756 | $1,219 |
| Distributable Amount | $26,843 | $18,189 | $10,643 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
25 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Global Giving ($5,200), The Fistula Foundation ($2,000), Pratham USA ($1,000).
| Recipient | Purpose | Amount |
|---|---|---|
| GLOBAL GIVING Washington, DC | CHARITABLE PURPOSES | $5,200 |
| THE FISTULA FOUNDATION San Jose, CA | CHARITABLE PURPOSES | $2,000 |
| PRATHAM USA Houston, TX | CHARITABLE PURPOSES | $1,000 |
| SMILE TRAIN New York, NY | CHARITABLE PURPOSES | $1,000 |
| DOCTORS WITHOUT BORDERS New York, NY | CHARITABLE PURPOSES | $1,000 |
| ATREE USA Belmont, MA | CHARITABLE PURPOSES | $1,000 |
| PHILLIPS BROOKS HOUSE ASSOCIATION Cambridge, MA | CHARITABLE PURPOSES | $1,000 |
| UNHCR Washington, DC | CHARITABLE PURPOSES | $1,000 |
| COMMUNITY HOUSING ASSISTANCE FUND Boston, MA | CHARITABLE PURPOSES | $1,000 |
| PARTNERS IN HEALTH Boston, MA | CHARITABLE PURPOSES | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Lakshminarayan Mahadevan | President | 5 | — |
| Amala K Mahadevan | Treasurer | 5 | — |
| Kausalya Mahadevan | Secretary | 2 | — |
| Aditya Mahadevan | Secretary | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Surest Inc?
Surest Inc is a private foundation focused on Science & Technology, based in Cambridge, MA. It holds $743K in total assets as of 2024.
How large is Surest Inc?
As of 2024, Surest Inc holds $743K in total assets with $124K in annual revenue. It awarded 15 grants totaling $19K in 2024.
Where does Surest Inc operate?
Surest Inc has awarded grants in California, District of Columbia, Illinois, Massachusetts, Minnesota, New York, Texas.
What size grants does Surest Inc award?
In 2024, Surest Inc awarded 15 grants totaling $19K — an average of about $1K per grant, based on its IRS Form 990 filings.
How much is Surest Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Surest Inc reported a distributable amount of $27K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Surest Inc's EIN?
Surest Inc's EIN (Employer Identification Number) is 85-4284216. IRS Form 990 filing data is available on this page for 2021–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.