The Kundu Foundation Inc
The Kundu Foundation Inc is a private foundation, based in Weymouth, MA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $1.4M in total assets. In 2025, it awarded 11 grants totaling $76K. Net investment income was $84K.
Key facts about The Kundu Foundation Inc
In short: The Kundu Foundation Inc gave $76K across 11 grants in 2025 (avg $7K), mostly in California. 36% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- EIN
- 04-3534283
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $75,937
- Grants made (2025)
- 11
- Average grant
- $6,903
- Median grant
- $240
- New grantees (estimate)
- 36% first-time grantees (4 of 11, 2025)
- Total assets
- $1,381,279
- Primary geography
- California (77% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$1.4M
+10.5% YoY
Annual Giving
$76K
+17.6% YoY
Grant Count
11
+10.0% YoY
Avg Grant Size
$7K
+6.9% YoY
Is The Kundu Foundation Inc open to new grantees?
36%
first-time grantees, 2025
In 2025, 4 of 11 grantees (36%) were first-time recipients. First grants averaged $421; repeat grants $11K. How we count
Medians: $79 first-time, $2K repeat.
- 55% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (−5%). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2019–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 11 itemized 2025 grant dollars.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $22K (2019) to $80K (2022). In 2025 it made 11 grants totaling $76K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Asti ($59K). Together the top 10 received $76K.
Grant Size Distribution
49 grants across all recorded years
The most common grant size was under $50K: 45 grants of 49 (92%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Asti Costa Mesa, CA | supporting foundation purposes | $58,820 |
| Greater Boston Food Bank Boston, MA | supporting foundation purposes | $8,000 |
| Concord Academy Concord, MA | supporting foundation purposes | $5,000 |
| Princeton University Princeton, NJ | supporting foundation purposes | $1,992 |
| New York University New York, NY | supporting foundation purposes | $1,500 |
| Wbur Boston, MA | supporting foundation purposes | $240 |
| American Foundation for Suicide Prevention New York, NY | supporting foundation purposes | $105 |
| Pan-Mass Challenge Needham, MA | supporting foundation purposes | $103 |
| Revere and Son Heritage Trust Corporation Canton, MA | supporting foundation purposes | $100 |
| St Jude Children's Research Hospital Memphis, TN | supporting foundation purposes | $52 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $1,381,279 | $1,249,721 | $1,051,992 |
| Revenue | $84,346 | $30,735 | $15,640 |
| Expenses | $77,883 | $71,960 | $65,740 |
| Qualifying Distributions | $75,937 | $66,109 | $65,542 |
| Net Investment Income | $84,346 | $24,884 | $15,442 |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 14, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
- Added Form 990-PF for fiscal year 2019 (received by the IRS May 15, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 15, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS September 15, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 14, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 15, 2024)
Leadership & Key People
Officers and directors from IRS filings
The Kundu Foundation Inc is led by Malay Kundu, President & Treasurer on every filing since 2019; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Malay Kundu
President & Treasurer
On filings since 2019
1 hr/week
No compensation reported
Steven A Branson
Clerk
On filings since 2019
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "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 The Kundu Foundation Inc
How much does The Kundu Foundation Inc give each year?
The Kundu Foundation Inc gave $76K across 11 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $65K across 10 grants.
What is The Kundu Foundation Inc's typical grant size?
The Kundu Foundation Inc's median grant in 2025 was $240, and its average grant was $6,903, across 11 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from The Kundu Foundation Inc that year got $421 on average.
Where does The Kundu Foundation Inc give grants?
The Kundu Foundation Inc gives mostly in California: 77% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Massachusetts (18%). The most frequent recipient cities were Boston, MA (2 grants) and New York, NY (2 grants).
Does The Kundu Foundation Inc give general operating support?
Not in 2025: none of the 11 grants with a stated purpose on The Kundu Foundation Inc's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Supporting Foundation Purposes" (11 grants).
Who are The Kundu Foundation Inc's largest grantees?
The Kundu Foundation Inc's largest 2025 grantees include Asti ($58,820), Greater Boston Food Bank ($8,000) and Concord Academy ($5,000), according to its 2025 IRS Form 990-PF. Together they received 95% of its itemized 2025 grant dollars.
How large is The Kundu Foundation Inc?
The Kundu Foundation Inc reported $1.4M in total assets on its 2025 IRS Form 990-PF. Its revenue that year was $84K.
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 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching The Kundu Foundation Inc by hand.
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