The Kundu Foundation Inc

Private foundation · Grantmaker Weymouth, MA EIN: 04-3534283

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

10states

Share of all 11 itemized 2025 grant dollars.

Cities

BostonCosta MesaCambridgeNeedhamConcordNew YorkPrincetonLexingtonNewtonCantonWashingtonDallasHoustonManchesterMarlboroughMattapoisettMemphisSpokaneWoburn

Giving Over Time

Total grant dollars and number of grants per year

$0$20K$40K$60K$80K9 grants20199 grants202010 grants20217 grants202211 grants202310 grants202411 grants2025

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

Asti: $59KAsti$59KGreater Boston Food Bank: $8KGreater Boston Food Bank$8KConcord Academy: $5KConcord Academy$5KPrinceton University: $2KPrinceton University$2KNew York University: $2KNew York University$2KWbur: $240Wbur$240American Foundation for Suicide Prevention: $105American Foundation forSuicide Prevention$105Pan-Mass Challenge: $103Pan-Mass Challenge$103Revere and Son Heritage Trust Corporation: $100Revere and Son Heritage TrustCorporation$100St Jude Children's Research Hospital: $52St Jude Children's ResearchHospital$52

The largest 2025 recipient was Asti ($59K). Together the top 10 received $76K.

Grant Size Distribution

49 grants across all recorded years

45<$50K4$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 45 grants of 49 (92%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Asti Costa Mesa, CAsupporting foundation purposes$58,820
Greater Boston Food Bank Boston, MAsupporting foundation purposes$8,000
Concord Academy Concord, MAsupporting foundation purposes$5,000
Princeton University Princeton, NJsupporting foundation purposes$1,992
New York University New York, NYsupporting foundation purposes$1,500
Wbur Boston, MAsupporting foundation purposes$240
American Foundation for Suicide Prevention New York, NYsupporting foundation purposes$105
Pan-Mass Challenge Needham, MAsupporting foundation purposes$103
Revere and Son Heritage Trust Corporation Canton, MAsupporting foundation purposes$100
St Jude Children's Research Hospital Memphis, TNsupporting foundation purposes$52

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$50K$100K$150K$200K2019202020212022202320242025
Metric202520242023
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

  1. Updated Form 990-PF for fiscal year 2024 (received by the IRS May 14, 2025)
  2. Updated Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
  3. Added Form 990-PF for fiscal year 2019 (received by the IRS May 15, 2020)
  4. Updated Form 990-PF for fiscal year 2020 (received by the IRS May 15, 2021)
  5. Updated Form 990-PF for fiscal year 2021 (received by the IRS September 15, 2022)
  6. Updated Form 990-PF for fiscal year 2022 (received by the IRS May 14, 2023)
  7. 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.

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