DESHPANDE FOUNDATION INC

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Cite this

Plain text DESHPANDE FOUNDATION INC. furp.org, nonprofit organization profile, tax years 2018–2024. https://furp.org/org/deshpande-foundation-inc-208520739. Retrieved 2026-11-08.

APA furp.org. (n.d.). DESHPANDE FOUNDATION INC [Nonprofit organization profile; tax years 2018–2024]. Retrieved November 8, 2026, from https://furp.org/org/deshpande-foundation-inc-208520739

MLA “DESHPANDE FOUNDATION INC.” furp.org, tax years 2018–2024, https://furp.org/org/deshpande-foundation-inc-208520739. Accessed 8 Nov. 2026.

Retrieved 2026-11-08; covers tax years 2018–2024. Data: furp.org (index © the FURP Alliance; the records are public domain).

2024 · Form 990 · revenue $121K · expenses $8.1M · assets $7.1M

Also known as
C/O Boston Foundation Inc
EIN
20-8520739
Address
75 ARLINGTON STREET FL 3, BOSTON, MA 02116-3936
Website
www.deshpandefoundation.org
NTEE code
T20 Private Grantmaking Foundations (Philanthropy, Voluntarism and Grantmaking Foundations) published (IRS Business Master File)
Exempt type
501(c)(3): charitable, religious, educational, scientific or literary (corporation)
Ruling date
November 2007 (when the IRS recognized its exemption)
IRS status
Exempt (unconditional) (IRS Business Master File) IRS data ↗
Tax-deductible donations
Yes: listed in IRS Publication 78 (supporting organization) Pub 78 ↗
Foundation status
Supporting organization, 509(a)(3)
Cross-check
ProPublica Nonprofit Explorer

Mission

The Deshpande Foundation, Inc. encourages the use of entrepreneurship and innovation as catalysts for societal change and improved quality of life.

Each tax year counts once: when a return was amended, only the latest return for that period is used below (superseded returns stay listed, greyed, under Finances).

People paid by the organization

3 people paid across every filing: current people first, then by total pay from this organization. Organizations counts every nonprofit each person appears on.

NameLatest titleYearsLatest year payTotal pay from hereOrganizations
Kate R Guedj Treasurer & Director2018-2024 $469,241$2,885,590 1
Orlando Watkins Clerk & Director2024 $362,123$362,123 4
Paul S Grogan (former) Clerk & Director2018-2023 $0$2,901,029 7

Officers and directors, no compensation reported

6 people listed on the returns with $0 (or no amount) in every compensation column: current people first. Hours are as filed on the latest return each person appears on.

NameLatest titleYearsHrs/wk (latest)CompensationOrganizations
Gururaj Deshpande President & Director2018-2024 5 $0 reported 1
Hemang Dave Director2018-2024 1 $0 reported 1
Jaishree Deshpande Director2018-2024 5 $0 reported 1
Sushil Vachani Director2018-2024 1 $0 reported 1
Servjeet Bhachu CFO2022-2024 1 $0 reported 1
Serge Bhachu (former) Chief Financial Officer2018-2021 1 $0 reported 1

People by year

2024 · 7 people listed · 2 paid, $831K · 0 employees · 4 volunteers
NameTitleHrs/wkFrom orgFrom relatedOtherTotalOrgs
Kate R Guedj Treasurer & Director0 $0$400,579$68,662 $469,2411
Orlando Watkins Clerk & Director0 $0$341,254$20,869 $362,1234
Gururaj Deshpande President & Director5 $0$0$0 $01
Hemang Dave Director1 $0$0$0 $01
Jaishree Deshpande Director5 $0$0$0 $01
Sushil Vachani Director1 $0$0$0 $01
Servjeet Bhachu CFO1 $0$0$0 $01
2023 · 7 people listed · 1 paid, $458K · 0 employees · 5 volunteers
NameTitleHrs/wkFrom orgFrom relatedOtherTotalOrgs
Kate R Guedj Treasurer & Director1 $0$392,052$66,246 $458,2981
Paul S Grogan Clerk & Director1 $0$0$0 $07
Gururaj Deshpande President & Director5 $0$0$0 $01
Hemang Dave Director1 $0$0$0 $01
Jaishree Deshpande Director5 $0$0$0 $01
Sushil Vachani Director1 $0$0$0 $01
Servjeet Bhachu CFO1 $0$0$0 $01
2022 · 7 people listed · 2 paid, $459K · 0 employees · 4 volunteers
NameTitleHrs/wkFrom orgFrom relatedOtherTotalOrgs
Kate R Guedj Treasurer & Director1 $0$381,676$65,842 $447,5181
Paul S Grogan Director1 $0$11,711$87 $11,7987
Gururaj Deshpande President & Director5 $0$0$0 $01
Hemang Dave Director1 $0$0$0 $01
Jaishree Deshpande Director5 $0$0$0 $01
Sushil Vachani Director1 $0$0$0 $01
Servjeet Bhachu Clerk & CFO1 $0$0$0 $01
2021 · 7 people listed · 2 paid, $1.1M · 0 employees · 4 volunteers
NameTitleHrs/wkFrom orgFrom relatedOtherTotalOrgs
Paul S Grogan Clerk & Director1 $0$636,389$43,403 $679,7927
Kate R Guedj Treasurer & Director1 $0$354,585$48,673 $403,2581
Gururaj Deshpande President & Director5 $0$0$0 $01
Hemang Dave Director1 $0$0$0 $01
Jaishree Deshpande Director5 $0$0$0 $01
Sushil Vachani Director1 $0$0$0 $01
Serge Bhachu Chief Financial Officer1 $0$0$0 $01
2020 · 7 people listed · 2 paid, $1.0M · 0 employees · 4 volunteers
NameTitleHrs/wkFrom orgFrom relatedOtherTotalOrgs
Paul S Grogan Clerk & Director1 $0$605,661$65,093 $670,7547
Kate R Guedj Treasurer & Director1 $0$307,334$50,682 $358,0161
Gururaj Deshpande President & Director5 $0$0$0 $01
Hemang Dave Director1 $0$0$0 $01
Jaishree Deshpande Director5 $0$0$0 $01
Sushil Vachani Director1 $0$0$0 $01
Serge Bhachu Chief Financial Officer1 $0$0$0 $01
2019 · 7 people listed · 2 paid, $1.2M · 0 employees · 4 volunteers
NameTitleHrs/wkFrom orgFrom relatedOtherTotalOrgs
Paul S Grogan Clerk & Director1 $0$694,127$75,017 $769,1447
Kate R Guedj Treasurer & Director1 $0$319,633$61,289 $380,9221
Gururaj Deshpande President & Director5 $0$0$0 $01
Hemang Dave Director1 $0$0$0 $01
Jaishree Deshpande Director5 $0$0$0 $01
Sushil Vachani Director1 $0$0$0 $01
Serge Bhachu Chief Financial Officer1 $0$0$0 $01
2018 · 7 people listed · 2 paid, $1.1M · 0 employees · 4 volunteers
NameTitleHrs/wkFrom orgFrom relatedOtherTotalOrgs
Paul S Grogan Clerk & Director1 $0$696,295$73,246 $769,5417
Kate R Guedj Treasurer & Director1 $0$299,482$68,855 $368,3371
Gururaj Deshpande President & Director5 $0$0$0 $01
Hemang Dave Director1 $0$0$0 $01
Jaishree Deshpande Director5 $0$0$0 $01
Sushil Vachani Director1 $0$0$0 $01
Serge Bhachu Chief Financial Officer1 $0$0$0 $01

Highest-paid independent contractors

No independent contractors reported.

Who the money went to

Grants this organization reported paying: Schedule I Part II of the Form 990, or the grants-paid list on the 990-PF. Open a year for every recipient. Recipients link to their own page when the grant names an EIN we have (990-PF grants list no EIN, so those link only on an exact, unique name and state). Grants to individuals are counted; their names are not shown.

2024 · 14 grants to organizations · $7.7M
2023 · 1 grant to organizations · $100K
2022 · 1 grant to organizations · $20K

Listed grants add up to $20,000; the return's “grants paid” expense line says $25,000. Returns can differ here (grants paid vs. accrued, items listed elsewhere); check the filing.

2020 · 2 grants to organizations · $822K
2019 · 6 grants to organizations · $865K
2018 · 4 grants to organizations · $115K

Negative amounts are returned or refunded grants; they are listed last and left out of the totals of grants paid.

Who gave

Contributor names are not public for this form type.

Public charities filing Form 990 or 990-EZ report large donors on Schedule B, but the IRS withholds their names and addresses from public copies. Private foundations (990-PF) are different: their contributors are public.

Finances

Newest first. Each filing: its name on one row, its figures on the row beneath. Greyed filings are superseded by a later return for the same period and are left out everywhere else on this page.

RevenueExpensesAssetsNet assetsContributionsProgram revenueOfficer payEmployeesVolunteers
2024 · Form 990 period ending 2025-06-30 · view filing · original 990 ↗
$121,436$8,115,565 $7,115,024$7,113,292 $0$0 $004
2023 · Form 990 period ending 2024-06-30 · view filing · original 990 ↗
$110,055$681,277 $14,172,855$14,172,156 $0$0 $005
2022 · Form 990 period ending 2023-06-30 · view filing · original 990 ↗
-$226,805$842,802 $13,506,530$13,509,379 $0$6,008 $004
2021 · Form 990 period ending 2022-06-30 · view filing · original 990 ↗
$126,792$711,056 $14,002,342$13,992,874 $0$0 $004
2020 · Form 990 period ending 2021-06-30 · view filing · original 990 ↗
$113,626$1,331,277 $15,245,011$15,243,254 $0$0 $004
2019 · Form 990 period ending 2020-06-30 · view filing · original 990 ↗
$123,612$1,191,518 $12,443,760$12,432,986 $0$0 $004
2018 · Form 990 period ending 2019-06-30 · view filing · original 990 ↗
$138,452$524,624 $13,627,358$13,619,512 $0$0 $133,46104

Connected to

Organizations that list some of the same people on their returns (officers, directors, key employees on this organization’s latest return), and related organizations it lists on Schedule R.

Funders of this organization

Not reported: no grants to this organization appear in the filings we have (tax years 2010 to 2025).

Nearby + Similar BETA

Organizations like this one: what they do and who they are linked to

Same category: NTEE code and revenue

Ranked without any AI: same NTEE code first, then the same NTEE group; then revenue within 2x, 5x or 10x; then the same state; then similar name and mission text. Same state only · More (100)

OrganizationStateNTEELatest revenueLatest expensesTop-paid titleTop payWhy similar
TERN FOUNDATION INCMAT20 $118,295$266,771 DIRECTOR AND PRESIDENT$0 Same NTEE code T20, revenue within 2x, same state, similar name
PRINCE HENRY SOCIETY SCHOLARSHIP FOUNDATION OF NEW BEDFORD INCMAT20 $117,246$91,883 DIRECTOR$0 Same NTEE code T20, revenue within 2x, same state
JOHANSEN FAMILY FOUNDATION INCMAT20 $123,126$25,896 Pres/Treas/Clrk$1,005 Same NTEE code T20, revenue within 2x, same state
TANNE FOUNDATIONMAT20 $123,701$146,794 PRESIDENT/TRUSTEE$0 Same NTEE code T20, revenue within 2x, same state
PROGIN FOUNDATIONMAT20 $123,466$432,347 TRUSTEE$0 Same NTEE code T20, revenue within 2x, same state
WELD FAMILY FOUNDATIONMAT20 $125,354$43,464 TRUSTEE$0 Same NTEE code T20, revenue within 2x, same state
CLARKS COMPANIES FOUNDATIONMAT20 $116,676$137,198 PRESIDENT$0 Same NTEE code T20, revenue within 2x, same state
JOHN AND DOROTHY MAGEE FOUNDATIONMAT20 $120,671$180,018 Trustee$0 Same NTEE code T20, revenue within 2x, same state
ALICE L WHITE FOUNDATIONMAT20 $127,369$163,851 TRUSTEE$0 Same NTEE code T20, revenue within 2x, same state
LINDA CABOT BLACK FOUNDATIONMAT20 $117,695$662,971 TRUSTEE$0 Same NTEE code T20, revenue within 2x, same state
STEPHEN L ALTSHUL FOUNDATIONMAT20 $118,113$116,610 PRESIDENT$0 Same NTEE code T20, revenue within 2x, same state
WILLIAM L SALTONSTALL FOUNDATIONMAT20 $123,290$109,385 TRUSTEE$0 Same NTEE code T20, revenue within 2x, same state
THE KELLY AND MICHAEL TZANNES FOUNDATIONMAT20 $121,485$25,387 TRUSTEE$0 Same NTEE code T20, revenue within 2x, same state
GLORIA C CROTTY CHARITABLE FOUNDATIONMAT20 $122,977$132,721 TRUSTEE (TO 11/25)$31,170 Same NTEE code T20, revenue within 2x, same state
TED AND BARBARA HEBERT CHARITABLE VENTURES INCMAT20 $124,921$114,706 PRESIDENT$0 Same NTEE code T20, revenue within 2x, same state
THE NATHALIE AND THEODORE@JONES CHARITABLE TRUST FBO NAACP-MAT20 $123,404$71,709 Trustee$0 Same NTEE code T20, revenue within 2x, same state
SHERBORN WIDOWS & ORPHANSMAT20 $119,197$69,485 PRESIDENT$0 Same NTEE code T20, revenue within 2x, same state
GRACE FOUNDATION OF DESTIN INCFLT20 $124,989$130,496 Trustee$0 Same NTEE code T20, revenue within 2x, similar name
UJA-ADD FOUNDATION INCNJT20 $125,277$7,873 Charity Class Trustee$282,420 Same NTEE code T20, revenue within 2x, similar name
DUCK FOUNDATION INCNCT20 $118,720$14,584 PRESIDENT$0 Same NTEE code T20, revenue within 2x, similar name
AK FOUNDATION INCFLT20 $124,627$51,564 TREASURER/DI$0 Same NTEE code T20, revenue within 2x, similar name
GRO FOUNDATION INCNYT20 $126,704$154,314 PRESIDENT$0 Same NTEE code T20, revenue within 2x, similar name
TAM FOUNDATION INCOHT20 $126,855$98,480 PRESIDENT$0 Same NTEE code T20, revenue within 2x, similar name
JTB FOUNDATION INCGAT20 $115,235$17,299 President$0 Same NTEE code T20, revenue within 2x, similar name
MADISON MEMORIAL HOSPITAL FOUNDATION INCIDT20 $120,079$156,242 FOUNDATION D$101,286 Same NTEE code T20, revenue within 2x

Who funds organizations like this

Grantors that funded the 100 most similar organizations. Ranked by total given to them. Foundations (990-PF) and donor-advised fund sponsors only. Same matching as Funders above (by EIN, or by name for foundations).

GrantorTotal givenGrantsOrganizations fundedTypeYearsWhich ones
THE TONAMORA FOUNDATION XXX-XX-XXXX $1,742,1861 1Private foundation2022–2022 TONAMORA FOUNDATION INC
DONOR ADVISED CHARITABLE GIVING $255,7258 1DAF sponsor2016–2024 CLAYTON EDUCATION FOUNDATION
CENTENE FOUNDATION $204,2005 1Private foundation2019–2022 CLAYTON EDUCATION FOUNDATION
CRAWFORD TAYLOR FOUNDATION $140,0002 1Private foundation2019–2020 CLAYTON EDUCATION FOUNDATION
COMMUNITIES FOUNDATION OF TEXAS $106,3503 2DAF sponsor2023–2024 LIVINGSTON COMMUNITY DEVELOPMENT FOUNDATION; RHSB FOUNDATION INC
AMG CHARITABLE GIFT FOUNDATION $50,0001 1DAF sponsor2018–2018 CLAYTON EDUCATION FOUNDATION
FIDELITY INVESTMENTS CHARITABLE GIFT FUND $45,8502 2DAF sponsor2019–2024 MADISON MEMORIAL HOSPITAL FOUNDATION INC; CLAYTON EDUCATION FOUNDATION
MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC $30,0001 1DAF sponsor2018–2018 MORGANTOWN HIGH SCHOOL FOUNDATION INC
AMARILLO AREA FOUNDATION INC $21,0482 1DAF sponsor2022–2024 PANHANDLE OF TEXAS LIONS FOUNDATION INC
AMERICAN ONLINE GIVING FOUNDATION INC $20,4612 2DAF sponsor2023–2025 CLAYTON EDUCATION FOUNDATION; RICK PANKOW FOUNDATION
VANGUARD CHARITABLE ENDOWMENT PROGRAM $16,0002 1DAF sponsor2021–2024 CLAYTON EDUCATION FOUNDATION
RUBIN FAMILY FOUNDATION $11,8002 1Private foundation2018–2019 CLAYTON EDUCATION FOUNDATION
MARKS FAMILY FOUNDATION $10,0001 1Private foundation2022–2022 CLAYTON EDUCATION FOUNDATION
YOUR COMMUNITY FOUNDATION OF NORTH CENTRAL WV INC $8,8931 1DAF sponsor2024–2024 MORGANTOWN HIGH SCHOOL FOUNDATION INC
FJC $8,0751 1DAF sponsor2022–2022 UJA-ADD FOUNDATION INC

The full list · all similar organizations

Where the money went

Every expense line on each return, biggest first: Form 990 Part IX (with its program, management and fundraising columns), 990-EZ Part I, or 990-PF Part I. Event marks lines the organization itself describes as events. “Events” in each summary adds those lines, conferences and meetings, and the direct costs of fundraising events. Unusual is not the same as improper. Many of these patterns have ordinary explanations. Check the filing.

2024 · Form 990 · $8,115,565 spent · pay $227,078 · grants $7,736,500 · events $0
LineAs describedTotalProgramManagementFundraisingShare
Grants to US organizations and governments $7,736,500$7,736,500-- 95.3%
Other salaries and wages $211,945$211,945-- 2.6%
Fees: management $67,838$16,675$51,163- 0.8%
Fees: investment management $45,898-$45,898- 0.6%
Travel $36,603$36,603-- 0.5%
Payroll taxes $13,654$13,654-- 0.2%
Pension plan contributions $10,137$10,137-- 0.1%
Office expenses $1,591$1,591-- 0.0%
Information technology $57$57-- 0.0%
Other employee benefits -$8,658-$8,658-- -0.1%
Total$8,115,565100%

View the filing

2023 · Form 990 · $681,277 spent · pay $428,665 · grants $100,000 · events $0
LineAs describedTotalProgramManagementFundraisingShare
Other salaries and wages $346,982$346,982-- 50.9%
Grants to US organizations and governments $100,000$100,000-- 14.7%
Fees: management $50,802-$50,802- 7.5%
Fees: investment management $46,854-$46,854- 6.9%
Travel $40,546$40,546-- 6.0%
Other employee benefits $36,728$36,728-- 5.4%
Payroll taxes $24,330$24,330-- 3.6%
Pension plan contributions $20,625$20,625-- 3.0%
Fees: other services $11,720$11,720-- 1.7%
Information technology $1,618$1,618-- 0.2%
Office expenses $1,072$1,072-- 0.2%
Total$681,277100%

View the filing

2022 · Form 990 · $842,802 spent · pay $603,211 · grants $25,000 · events $1,918
LineAs describedTotalProgramManagementFundraisingShare
Other salaries and wages $497,378$497,378-- 59.0%
Other (as described)Consulting $81,457$81,457-- 9.7%
Fees: management $53,511-$53,511- 6.3%
Other employee benefits $50,087$50,087-- 5.9%
Travel $39,313$39,313-- 4.7%
Fees: investment management $37,163-$37,163- 4.4%
Payroll taxes $35,482$35,482-- 4.2%
Grants to US organizations and governments $25,000$25,000-- 3.0%
Pension plan contributions $20,264$20,264-- 2.4%
Conferences, conventions and meetings $1,918$1,918-- 0.2%
Information technology $994$994-- 0.1%
Office expenses $235$235-- 0.0%
Total$842,802100%

View the filing

2021 · Form 990 · $711,056 spent · pay $472,578 · grants $5,000 · events $1,901
LineAs describedTotalProgramManagementFundraisingShare
Other salaries and wages $378,316$378,316-- 53.2%
Other (as described)Consulting $133,228$133,228-- 18.7%
Fees: management $51,707-$51,707- 7.3%
Other employee benefits $49,845$49,845-- 7.0%
Fees: investment management $40,472-$40,472- 5.7%
Payroll taxes $26,992$26,992-- 3.8%
Pension plan contributions $17,425$17,425-- 2.5%
Grants to US organizations and governments $5,000$5,000-- 0.7%
Office expenses $3,227$3,227-- 0.5%
Conferences, conventions and meetings $1,901$1,901-- 0.3%
Travel $1,742$1,742-- 0.2%
Information technology $604$604-- 0.1%
Advertising and promotion $447$447-- 0.1%
Other (as described)Recruitment $150$150-- 0.0%
Total$711,056100%

View the filing

2020 · Form 990 · $1,331,277 spent · pay $358,855 · grants $822,100 · events $0
LineAs describedTotalProgramManagementFundraisingShare
Grants to US organizations and governments $822,100$822,100-- 61.8%
Other salaries and wages $282,193$282,193-- 21.2%
Other (as described)Consulting $53,978$53,978-- 4.1%
Fees: management $50,834-$50,834- 3.8%
Other employee benefits $47,527$47,527-- 3.6%
Fees: investment management $37,560-$37,560- 2.8%
Payroll taxes $20,906$20,906-- 1.6%
Pension plan contributions $8,229$8,229-- 0.6%
Office expenses $4,273$3,590$683- 0.3%
Insurance $2,038-$2,038- 0.2%
Information technology $1,450-$1,450- 0.1%
Other (as described)Recruitment $189-$189- 0.0%
Total$1,331,277100%

View the filing

2019 · Form 990 · $1,191,518 spent · pay $176,748 · grants $871,000 · events $1,943
LineAs describedTotalProgramManagementFundraisingShare
Grants to US organizations and governments $871,000$871,000-- 73.1%
Other salaries and wages $138,671$110,937$27,734- 11.6%
Fees: management $50,212-$50,212- 4.2%
Fees: investment management $35,725-$35,725- 3.0%
Other (as described)Consulting $33,800-$33,800- 2.8%
Other employee benefits $20,255$16,204$4,051- 1.7%
Travel $16,833$16,833-- 1.4%
Payroll taxes $10,018$8,014$2,004- 0.8%
Pension plan contributions $7,804$6,243$1,561- 0.7%
Insurance $2,650-$2,650- 0.2%
Conferences, conventions and meetings $1,943$1,554$389- 0.2%
Information technology $1,503-$1,503- 0.1%
Office expenses $1,104$877$227- 0.1%
Total$1,191,518100%

View the filing

2018 · Form 990 · $524,624 spent · pay $161,619 · grants $116,000 · events $2,970
LineAs describedTotalProgramManagementFundraisingShare
Pay: officers, directors, trustees, key employees $133,461$106,769$26,692- 25.4%
Other (as described)Consulting $121,661-$121,661- 23.2%
Grants to US organizations and governments $116,000$116,000-- 22.1%
Fees: management $51,555-$51,555- 9.8%
Fees: investment management $36,709-$36,709- 7.0%
Travel $29,977$10,895$19,082- 5.7%
Other employee benefits $10,623$8,498$2,125- 2.0%
Payroll taxes $9,771$7,817$1,954- 1.9%
Pension plan contributions $7,764$6,211$1,553- 1.5%
Conferences, conventions and meetings $2,970$2,970-- 0.6%
Insurance $2,650-$2,650- 0.5%
Information technology $728-$728- 0.1%
Office expenses $447$415$32- 0.1%
Advertising and promotion $308-$308- 0.1%
Total$524,624100%

View the filing

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