The Kundu Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WEYMOUTH, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.2M in total assets. In 2024, it awarded 10 grants totaling $65K. Net investment income was $25K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.2M
+18.8% YoY
Annual Giving
$65K
+1.8% YoY
Grant Count
10
-9.1% YoY
Avg Grant Size
$6K
+12.0% YoY
About The Kundu Foundation Inc
Based on IRS filings
The Kundu Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WEYMOUTH, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.2M in total assets. In 2024, it awarded 10 grants totaling $65K. Net investment income was $25K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,249,721 | $1,051,992 | $890,987 |
| Revenue | $30,735 | $15,640 | $17,003 |
| Expenses | $71,960 | $65,740 | $81,457 |
| Qualifying Distributions | $66,109 | $65,542 | $80,976 |
| Net Investment Income | $24,884 | $15,442 | $27,242 |
| Distributable Amount | — | — | — |
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
47 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Asti ($53,125), Greater Boston Food Bank ($5,000), All Hands and Hearts ($2,015).
| Recipient | Purpose | Amount |
|---|---|---|
| All Hands and Hearts Mattapoisett, MA | supporting foundation purposes | $2,015 |
| ASTI Costa Mesa, CA | supporting foundation purposes | $53,125 |
| Greater Boston Food Bank Boston, MA | supporting foundation purposes | $5,000 |
| MIT Cambridge, MA | supporting foundation purposes | $1,100 |
| Pan-Mass Challenge Needham, MA | supporting foundation purposes | $120 |
| Princeton University Princeton, NJ | supporting foundation purposes | $1,992 |
| Revere and Son Heritage Trust Corporation Canton, MA | supporting foundation purposes | $104 |
| Sheows Cares Foundation New York, NY | supporting foundation purposes | $250 |
| Vision-Aid Lexington, MA | supporting foundation purposes | $100 |
| WBUR Boston, MA | supporting foundation purposes | $763 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Malay Kundu | President, Treasurer | 1 | — |
| Steven A Branson | Clerk | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Kundu Foundation Inc?
The Kundu Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WEYMOUTH, MA. It holds $1.2M in total assets as of 2024.
How large is The Kundu Foundation Inc?
As of 2024, The Kundu Foundation Inc holds $1.2M in total assets with $31K in annual revenue. It awarded 10 grants totaling $65K in 2024.
Where does The Kundu Foundation Inc operate?
The Kundu Foundation Inc has awarded grants in California, Connecticut, District of Columbia, Massachusetts, New Hampshire, New Jersey, New York, Texas.
What size grants does The Kundu Foundation Inc award?
In 2024, The Kundu Foundation Inc awarded 10 grants totaling $65K — an average of about $6K per grant, based on its IRS Form 990 filings.
What is The Kundu Foundation Inc's EIN?
The Kundu Foundation Inc's EIN (Employer Identification Number) is 04-3534283. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Kundu Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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