Kurian Foundation Trust
- Assets
- $10.1m
- Revenue
- $123.6k
- Investments
- $10.1m
- Employees
- 0
- Location
- Stow, MA
- Founding
- 02/2006
- Data as of
- 12/2022
- EIN
- 16-1744447
Organization Overview
Kurian Foundation Trust is located in Stow, MA. The organization was established in 2006. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kurian Foundation Trust is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Kurian Foundation Trust generated $123.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (20.1%) each year. All expenses for the organization totaled $705.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Kurian Foundation Trust has awarded 142 individual grants totaling $2,569,946. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thampy Kurian Trustee | 3 | $0 | |
Molly Kurian Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $123 |
| Dividends & Interest | $159,025 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$42,017 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,457 |
| Total Revenue | $123,588 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $125,164 |
| Taxes | $23,395 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,543 |
| Total operating and administrative expenses | $161,102 |
| Contributions, gifts, grants paid | $544,791 |
| Total expenses and disbursements | $705,893 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $28,379 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $306,608 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,142,364 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $3,602,431 |
| Total liabilities | $3,602,431 |
Grants Awarded
Over the last fiscal year, Kurian Foundation Trust has awarded $544,791 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
ASHA FOUNDATION PURPOSE: HEALTH AND POVERTY RELIEF | $25,000 |
BANGALORE BAPTIST HOSPITAL PURPOSE: MEDICAL CARE | $450,000 |
BIGEDORG PURPOSE: SUPPORT INDIVIDUALS WITH CANCER | $5,000 |
BRIDGEWATER STATE COLLEGE PURPOSE: EDUCATION SCHOLARSHIP | $1,000 |
CARMEL MAR THOMA CHURCH PURPOSE: FUND MINISTRIES & BUILDING PROJECTS | $4,474 |
COLLEGE OF THE HOLY CROSS PURPOSE: EDUCATION SCHOLARSHIP | $1,000 |