The Aditi Foundation
- Assets
- $272.7k
- Revenue
- $9.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Sioux Falls, SD
- Founding
- Data as of
- 12/2021
- EIN
- 85-1110829
Organization Overview
The Aditi Foundation is located in Sioux Falls, SD. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Aditi Foundation 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 12/2021, Aditi Foundation generated $9.6m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 20.5% each year . All expenses for the organization totaled $10.3m during the year ending 12/2021. While expenses have increased by 22.5% per year over the past 2 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Aditi Foundation has awarded 28 individual grants totaling $16,225,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Saanii Hernandez Chief Executive Officer | 40 | $239,314 | |
South Dakota Trust Company Llc Trustee | 1 | $10,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $9,625,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $47 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1 |
| Capital Gain Net Income | $1 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $9,625,048 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $249,314 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $22,931 |
| Interest | $0 |
| Taxes | $28,513 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $36,926 |
| Total operating and administrative expenses | $669,866 |
| Contributions, gifts, grants paid | $9,625,000 |
| Total expenses and disbursements | $10,294,866 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $272,669 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $272,669 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $1,179,193 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,179,193 |
Grants Awarded
Over the last fiscal year, The Aditi Foundation has awarded $9,625,000 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: GENERAL FUNDING | $1,750,000 |
Oakland, CA PURPOSE: GENERAL FUNDING | $1,500,000 |
Memphis, TN PURPOSE: GENERAL FUNDING | $750,000 |
Dallas, TX PURPOSE: GENERAL FUNDING | $750,000 |
Tucson, AZ PURPOSE: GENERAL FUNDING | $650,000 |
CASA DE ESPERANZA PURPOSE: GENERAL FUNDING | $600,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fred C And Katherine B Andersen Foundation Bayport, MN | $1,210,701,778 | $63,445,932 |
Buffett Early Childhood Fund Omaha, NE | $9,728,090 | $31,407,344 |
Manitou Fund White Bear Lake, MN | $1,003,593,689 | $40,882,622 |
Lynne & Andrew Redleaf Foundation Minneapolis, MN | $127,717,345 | $981,960 |
Northwest Area Foundation St Paul, MN | $512,755,007 | $38,144,816 |
Medtronic Communities Foundation Minneapolis, MN | $54,271,830 | $230,239 |
General Mills Foundation Minneapolis, MN | $0 | -$304,053 |
J A Wedum Foundation Plymouth, MN | $141,295,178 | $28,441,684 |
The Lozier Foundation Omaha, NE | $440,536,134 | $84,469,210 |
Target Foundation Minneapolis, MN | $85,335,634 | $55,020,175 |
Wem Foundation Minneapolis, MN | $121,487,044 | $26,370,141 |
Charles K Blandin Foundation Grand Rapids, MN | $0 | $24,073,238 |