The Indu Foundation
The Indu Foundation is a private foundation, based in North Andover, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $41K in total assets. In 2024, it awarded 5 grants totaling $12K. Net investment income was $3K.
The Indu Foundation at a glance
In short: The Indu Foundation gave $12K across 5 grants in 2024 (avg $2K), mostly in Massachusetts. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $11,500
- +15.0% vs 2023
- Grants made (2024)
- 5
- +66.7% vs 2023
- Average grant
- $2,300
- -31.0% vs 2023
- Median grant
- $2,000
- Total assets
- $40,993
- -9.2% vs 2023
- Primary geography
- Massachusetts (83% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Indu Foundation funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
The largest 2024 recipient was The Pike School ($4K). Together the top 5 received $12K.
Grant Size Distribution
21 grants across all recorded years
The most common grant size was under $50K: 21 grants of 21 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 5 itemized grants.
Cities
How The Indu Foundation gives
- Giving grew 21% from 2021 to 2024. Method
- In 2024 it paid out 526% 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 2024, annual grant giving ranged from $10K (2020) to $18K (2022). In 2024 it made 5 grants totaling $12K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Pike School Andover, MA | General Support | $3,500 |
| American Cancer Society Framingham, MA | General Support | $2,000 |
| St Jude Children's Research Hospital Memphis, TN | General Support | $2,000 |
| Museum of Science Boston, MA | General Support | $2,000 |
| Desai Foundation Bedford, MA | General Support | $2,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $40,993 | $3,832 | $12,148 | $11,500 | 5 | $11,535 | $3,219 | $2,192 |
| 2023 | $45,169 | $5,789 | $13,238 | $10,000 | 3 | $12,410 | $4,961 | $2,413 |
| 2022 | $51,847 | $8,183 | $19,574 | $17,500 | 5 | $18,585 | $6,331 | $3,269 |
| 2021 | $86,065 | $5,330 | $10,729 | $9,500 | 4 | $9,535 | $4,136 | $4,295 |
| 2020 | $81,710 | $6,109 | $11,588 | $9,500 | 4 | — | $5,056 | $3,972 |
Under IRS private-foundation payout rules, The Indu Foundation reported a distributable amount of $2K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Indu Foundation's 2024 filing lists 2 officers; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Indu S. Javeri
Trustee
On filings since 2020
No compensation reported
Joshua M. Isaacs
Trustee
On filings since 2020
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 The Indu Foundation
How much does The Indu Foundation give each year?
The Indu Foundation gave $12K across 5 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $10K across 3 grants.
What is The Indu Foundation's typical grant size?
The Indu Foundation's median grant in 2024 was $2,000, and its average grant was $2,300, across 5 grants on its 2024 IRS Form 990-PF.
Where does The Indu Foundation give grants?
The Indu Foundation gives mostly in Massachusetts: 83% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Tennessee (17%).
Does The Indu Foundation give general operating support?
Yes: 100% of The Indu Foundation's 2024 grants with a stated purpose (5 of 5) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are The Indu Foundation's largest grantees?
The Indu Foundation's largest 2024 grantees include The Pike School ($3,500), American Cancer Society ($2,000) and St Jude Children's Research Hospital ($2,000), according to its 2024 IRS Form 990-PF. Together they received 65% of its itemized 2024 grant dollars.
How large is The Indu Foundation?
The Indu Foundation reported $41K in total assets on its 2024 IRS Form 990-PF. It paid out $12K in qualifying distributions that year, against a required minimum of $2K (roughly 5% of its investment assets).
What is The Indu Foundation's EIN?
The Indu Foundation's EIN (Employer Identification Number) is 26-2315180. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work The Indu Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
- Nixa Affiliate Grantmaking Program Up to US $10,000 · Due October 19, 2026
- Community and School Grants $28,000 total pool; 10-15 grants expected · Due October 19, 2026
- Mary Pinola/Crescenta Valley Chamber Education Fund $500 - $5,000 for ongoing programs; up to $15,000 for Strategic Initiative Grants · Due October 19, 2026
Explore Open Grants
Browse active grant opportunities in The Indu Foundation's focus areas in our free grants database
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