Value Mortgage Foundation is a private foundation focused on Education, based in Chelmsford, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.5M in total assets. In 2024, it awarded 9 grants totaling $95K. Net investment income was $133K.
Key facts about Value Mortgage Foundation
- EIN
- 04-3443031
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $95,310
- Grants made (2024)
- 9
- Average grant
- $10,590
- Median grant
- $10,000
- Total assets
- $4,518,965
- Primary geography
- Iowa (37% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Value Mortgage Foundation funds
By grant dollars, the top recipient states for Value Mortgage Foundation's 9 itemized 2024 grants were Iowa (37%), Indiana (35%) and Georgia (21%). None of its 9 grants with a stated purpose were described as general or operating support.
How Value Mortgage Foundation gives
- Giving held roughly steady from 2021 to 2024 (+12%). Method
- In 2024 it paid out 86% 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.
Next steps with Value Mortgage Foundation
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.5M
+29.8% YoY
Annual Giving
$95K
+118.5% YoY
Grant Count
9
+0.0% YoY
Avg Grant Size
$11K
+118.5% YoY
Under IRS private-foundation payout rules, Value Mortgage Foundation reported a distributable amount of $221K for 2024 — the minimum it must pay out in qualifying distributions.
About Value Mortgage Foundation
Based on IRS filings
Value Mortgage Foundation is a private foundation focused on Education, based in Chelmsford, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.5M in total assets. In 2024, it awarded 9 grants totaling $95K. Net investment income was $133K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 9 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,518,965 | $3,480,915 | $2,908,850 |
| Revenue | — | $231,400 | — |
| Expenses | $96,931 | $44,366 | $70,823 |
| Qualifying Distributions | $190,620 | $87,242 | $133,360 |
| Net Investment Income | $133,221 | $110,739 | $48,058 |
| Distributable Amount | $220,707 | $169,896 | $142,593 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
Grant Size Distribution
34 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Akshaya Patra ($33,360), Red Cross ($25,000), Habitat for Humanity ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Akshaya Patra Benglara, IN | College Educational assist. | $33,360 |
| Red Cross Boone, IA | Support to people in need | $25,000 |
| Habitat for Humanity Atlanta, GA | Building housesfor the needy | $10,000 |
| Our Journey Inc Townsend, GA | Building schoolin Africa | $10,000 |
| Hi 5 Youth Foundation Anderi Mumbai, IA | Support College Students | $10,000 |
| Doctors Without Borders New York, NY | Provide Medical Assist. | $5,000 |
| Vision Aid Lexington, MA | Support tovisually impaired | $1,500 |
| Satsang Center Woburn, MA | Community Service | $250 |
| Arbor Day Foundation Lincoln, NE | Planting trees | $200 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Narendra Kapadia | President | 10 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Value Mortgage Foundation?
Value Mortgage Foundation is a private foundation focused on Education, based in Chelmsford, MA. It holds $4.5M in total assets as of 2024.
How large is Value Mortgage Foundation?
As of 2024, Value Mortgage Foundation holds $4.5M in total assets. It awarded 9 grants totaling $95K in 2024.
Where does Value Mortgage Foundation operate?
Value Mortgage Foundation has awarded grants in Georgia, Iowa, Indiana, Kansas, Massachusetts, Nebraska, New York.
What size grants does Value Mortgage Foundation award?
In 2024, Value Mortgage Foundation awarded 9 grants totaling $95K — an average of about $11K per grant, based on its IRS Form 990 filings.
How much is Value Mortgage Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Value Mortgage Foundation reported a distributable amount of $221K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
Explore Open Grants
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.