Value Mortgage Foundation
Value Mortgage Foundation is a private foundation focused on Education, based in Chelmsford, MA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $5.5M in total assets. In 2025, it awarded 6 grants totaling $68K. Net investment income was $61K.
Value Mortgage Foundation at a glance
In short: Value Mortgage Foundation gave $68K across 6 grants in 2025 (avg $11K), mostly in Indiana. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $67,768
- -28.9% vs 2024
- Grants made (2025)
- 6
- -33.3% vs 2024
- Average grant
- $11,295
- +6.7% vs 2024
- Median grant
- $5,000
- Total assets
- $5,549,012
- +22.8% vs 2024
- Primary geography
- Indiana (71% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Value Mortgage Foundation funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2025
The largest 2025 recipient was Akshaya Patra - Hare Krishna ($48K). Together the top 6 received $68K.
Grant Size Distribution
35 grants across all recorded years
The most common grant size was under $50K: 34 grants of 35 (97%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 6 itemized grants.
Cities
How Value Mortgage Foundation gives
- Giving held roughly steady from 2022 to 2025 (+2%). Method
- In 2025 it paid out 25% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2025, annual grant giving ranged from $44K (2023) to $95K (2024). In 2025 it made 6 grants totaling $68K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Akshaya Patra - Hare Krishna Benglara, IN | School Food Pantry | $47,850 |
| Habitat for Humanity Atlanta, GA | Building for Needy | $7,500 |
| American Red Cross Washington, DC | Support to People in Need | $5,000 |
| Doctors Without Borders New York, NY | Medical Assistance | $5,000 |
| Vision Aid Foundation Lexington, MA | Support to Visually Impaired | $2,000 |
| Arbor Day Foundation Lincoln, NE | Planting Trees | $418 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $5,549,012 | — | $69,707 | $67,768 | 6 | $67,855 | $61,235 | $266,856 |
| 2024 | $4,518,965 | — | $96,931 | $95,310 | 9 | $190,620 | $133,221 | $220,707 |
| 2023 | $3,480,915 | $231,400 | $44,366 | $43,621 | 9 | $87,242 | $110,739 | $169,896 |
| 2022 | $2,908,850 | — | $70,823 | $66,680 | 8 | $133,360 | $48,058 | $142,593 |
| 2021 | $3,256,914 | $86,000 | $90,888 | $85,444 | 3 | $170,888 | $284,799 | $156,444 |
| 2020 | $3,189,627 | $149,000 | $59,715 | $58,561 | 5 | — | $226,104 | $153,946 |
Under IRS private-foundation payout rules, Value Mortgage Foundation reported a distributable amount of $267K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Value Mortgage Foundation is led by Narendra Kapadia, President on every filing since 2020 — the only officer listed, and uncompensated.
Officers on the 2025 filing
Narendra Kapadia
President
On filings since 2020
10 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "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 Value Mortgage Foundation
How much does Value Mortgage Foundation give each year?
Value Mortgage Foundation gave $68K across 6 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $95K across 9 grants.
What is Value Mortgage Foundation's typical grant size?
Value Mortgage Foundation's median grant in 2025 was $5,000, and its average grant was $11,295, across 6 grants on its 2025 IRS Form 990-PF.
Where does Value Mortgage Foundation give grants?
Value Mortgage Foundation gives mostly in Indiana: 71% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Georgia (11%) and District of Columbia (7%).
Does Value Mortgage Foundation give general operating support?
Not in 2025: none of the 6 grants with a stated purpose on Value Mortgage Foundation's 2025 IRS Form 990-PF were described as general or operating support.
Who are Value Mortgage Foundation's largest grantees?
Value Mortgage Foundation's largest 2025 grantees include Akshaya Patra - Hare Krishna ($47,850), Habitat for Humanity ($7,500) and American Red Cross ($5,000), according to its 2025 IRS Form 990-PF. Together they received 89% of its itemized 2025 grant dollars.
How large is Value Mortgage Foundation?
Value Mortgage Foundation reported $5.5M in total assets on its 2025 IRS Form 990-PF. It paid out $68K in qualifying distributions that year, against a required minimum of $267K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Value Mortgage Foundation?
Value Mortgage Foundation is a private foundation focused on Education, based in Chelmsford, MA. It holds $5.5M in total assets as of 2025.
What is Value Mortgage Foundation's EIN?
Value Mortgage Foundation's EIN (Employer Identification Number) is 04-3443031. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS June 22, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Value Mortgage Foundation's focus areas in our free grants database
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