The Indu Foundation
The Indu Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Key facts about The Indu Foundation
In short: The Indu Foundation gave $12K across 5 grants in 2024 (avg $2K), mostly in Massachusetts. Source: 2024 IRS Form 990-PF.
- EIN
- 26-2315180
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $11,500
- Grants made (2024)
- 5
- Average grant
- $2,300
- Median grant
- $2,000
- Total assets
- $40,993
- Primary geography
- Massachusetts (83% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$41K
-9.2% YoY
Annual Giving
$12K
+15.0% YoY
Grant Count
5
+66.7% YoY
Avg Grant Size
$2K
-31.0% YoY
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.
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.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 5 itemized 2024 grant dollars.
Cities
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
21 grants across all recorded years
Giving History
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 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $40,993 | $45,169 | $51,847 |
| Revenue | $3,832 | $5,789 | $8,183 |
| Expenses | $12,148 | $13,238 | $19,574 |
| Qualifying Distributions | $11,535 | $12,410 | $18,585 |
| Net Investment Income | $3,219 | $4,961 | $6,331 |
| Distributable Amount | $2,192 | $2,413 | $3,269 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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?
The Indu Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in North Andover, MA. It holds $41K in total assets as of 2024.
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.
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