2026-05-06T11:09:53-05:00 2025-06-30 135665207 KPMG LLP 60 South Street Boston MA 02111 990 2024-07-01 208520739 Deshpande Foundation Inc C/O Boston Foundation Inc DESH 6173381700 75 Arlington Street Fl 3 Boston MA 021163936 Kate R Guedj Director & Treasurer 6173381700 2026-05-06 1 1 Ragini Banuru P01906959 6179881000 2024 2025-03-06 01:10:19Z Orlando Watkins 75 Arlington Street Fl 3 Boston MA 021163936 1594402 0 X www.deshpandefoundation.org X 2007 MA The Deshpande Foundation, Inc. encourages the use of entrepreneurship and innovation as catalysts for societal change and improved quality of life. 6 4 0 4 0 0 0 0 0 0 110055 121436 0 0 110055 121436 100000 7736500 0 0 428665 227078 0 0 0 152612 151987 681277 8115565 -571222 -7994129 14172855 7115024 699 1732 14172156 7113292 The Deshpande Foundation, Inc. encourages the use of entrepreneurship and innovation as catalysts for societal change and improved quality of life. 0 0 8018504 7736500 Utilizing grant-making and education to promote geographically-relevant process, technological and social innovation and entrepreneurship. 8018504 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 4 1 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MA X X Brian Douglas 6173381700 75 Arlington Street Boston MA 02116 Kate R Guedj Treasurer & Director 0.25 50.00 X X 0 400579 68662 Orlando Watkins Clerk & Director 0.25 50.00 X X 0 341254 20869 Gururaj Deshpande President & Director 5.00 0.00 X X 0 0 0 Hemang Dave Director 1.00 0.00 X 0 0 0 Jaishree Deshpande Director 5.00 0.00 X 0 0 0 Sushil Vachani Director 1.00 0.00 X 0 0 0 Servjeet Bhachu CFO 1.00 0.00 X 0 0 0 0 741833 89531 0 0 1 0 0 99976 99976 1494426 1472966 21460 21460 21460 121436 0 0 121436 X 7736500 7736500 211945 211945 10137 10137 -8658 -8658 13654 13654 67838 16675 51163 45898 45898 1591 1591 57 57 36603 36603 8115565 8018504 97061 0 7776594 4138999 6296261 2876025 100000 100000 14172855 7115024 699 1732 699 1732 X 14172156 7113292 14172156 7113292 14172855 7115024 -7994129 935265 0 X 0 1 X 1 0 X X X 25 Boston Foundation Inc 042104021 8 1 70000 0 826 Boston Inc 208065915 7 0 500 0 Boston Bhangra Inc 200995298 7 0 1000 0 Brahma Kumaris World Spiritual Organization 741946190 7 0 10000 0 Chinmaya Mission of Boston 043491406 7 0 11000 0 Entrepreneurship for All Inc 471858182 7 0 2000000 0 Fidelity Charitable Gift Fund 110303001 7 0 5000000 0 Hindu American Foundation 680551525 7 0 25000 0 Humane Society International 521769464 7 0 20000 0 Lowell Parks and Conservation Trust Inc 223070912 7 0 10000 0 Massachusetts Audubon Society Inc 042104702 7 0 1000 0 Massachusetts Institute of Technology 042103594 7 0 500000 0 Massachusetts Society for the Prevention of Cruelty to Animals 042103597 7 0 10000 0 Museum of Science 042103916 7 0 20000 0 Pan Massachusetts Challenge Trust 042746912 7 0 500 0 Pine Street Inn Inc 042516093 7 0 1000 0 Project Bread - The Walk for Hunger Inc 042931195 7 0 1000 0 Project Prakash Foundation 271164796 7 0 10000 0 Saheli Boston 030547972 7 0 5000 0 Samskrita Bharati 770545072 7 0 10000 0 Support to Succeed Inc 992674084 7 0 5000 0 UTEC Inc 383669532 7 0 1000 0 VentureWell 421727335 7 0 20000 0 Vision-Aid 201344017 7 0 2000 0 Zoo New England 043129124 7 0 2500 0 25 7736500 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 Part IV, Section A, Line 1 The Deshpande Foundation, Inc. made grants to organizations that are within the charitable class of organizations served by the Boston Foundation, Inc.'s tax-exempt purpose. Part IV, Section A , Line 6 There is governing body overlap and financial supervision from the supported organization, Boston Foundation, Inc. Deshpande Foundation, Inc. supports the Boston Foundation, Inc. The Deshpande Foundation, Inc. made grants to organizations that are within the charitable class of organizations served by the Boston Foundation's tax-exempt purpose. 0 Other Securities 2876025 F 2876025 X Part X, Line 2: The Foundation has not taken any tax positions which would have a material effect, individually or in the aggregrate, upon the Foundation's consolidated financial statements. The Foundation believes it has not taken any significant uncertain tax positions or any tax positions that would jeopardize the Foundation's tax-exempt status. 1 Boston Foundation Inc 75 Arlington St Boston MA 02116 042104021 501 (c) (3) 70000 0 Operating Support Brahma Kumaris World Spiritual Organization 75 Common Street Watertown MA 02472 741946190 501 (c) (3) 10000 0 Operating Support Chinmaya Mission of Boston 1 Union Street Andover MA 01810 043491406 501 (c) (3) 11000 0 Operating Support Entrepreneurship for All Inc 175 Cabot Street Suite 310 Lowell MA 018543635 471858182 501 (c) (3) 2000000 0 Operating Support Fidelity Charitable Gift Fund PO Box 770001 Cincinnati OH 452770053 110303001 501 (c) (3) 5000000 0 Operating Support Hindu American Foundation 910 Seventeenth Street NW Suite 315 Washington DC 20006 680551525 501 (c) (3) 25000 0 Operating Support Humane Society International 1255 23rd Street NW Suite 455 Washington DC 20037 521769464 501 (c) (3) 20000 0 Operating Support Lowell Parks and Conservation Trust Inc PO Box 7162 Lowell MA 018520162 223070912 501 (c) (3) 10000 0 Operating Support Massachusetts Institute of Technology 600 Memorial Drive W98-300 Cambridge MA 02139 042103594 501 (c) (3) 500000 0 Operating Support Massachusetts Society for the Prevention of Cruelty to Animals 350 South Huntington Avenue Boston MA 021304803 042103597 501 (c) (3) 10000 0 Operating Support Museum of Science 1 Science Park Boston MA 021141099 042103916 501 (c) (3) 20000 0 Operating Support Project Prakash Foundation 955 Massachusetts Avenue Suite 351 Cambridge MA 02139 271164796 501 (c) (3) 10000 0 Operating Support Samskrita Bharati PO Box 50606 Bellevue MA 98015 770545072 501 (c) (3) 10000 0 Operating Support VentureWell 100 Venture Way Hadley MA 01035 421727335 501 (c) (3) 20000 0 Operating Support 14 Part I, Line 2: Grantees provide periodic reports outlining expenditure and utilization of grant funds. Staff actively monitor grantee progress toward grant goals. New funds are not granted until satisfactory review of reporting. 0 1 0 0 0 0 0 0 0 Kate R Guedj Treasurer & Director 0 382601 0 11490 0 6488 0 37621 0 31041 0 469241 0 0 Orlando Watkins Clerk & Director 0 328372 0 9720 0 3162 0 19767 0 1102 0 362123 0 0 Part I, Line 4b Kate Guedj participated in a Supplemental Employee Retirement Plan (SERP). The total SERP contributions for the above participant for the calendar year ended December 31, 2024 were as follows: Non-Taxable Kate Guedj $16,921 Schedule J, Part I, Line 3 Methods to establish compensation: No member of the Deshpande Foundation, Inc. is compensated by the Deshpande Foundation. The methods used to establish compensation Kate Guedj, VP and Chief Philanthropy Officer and Orlando Watkins, VP of Program of the Boston Foundation, Inc., reflect the methods employed by the Boston Foundation, Inc., a supported organization. Form 990, Part VI, Section A, line 2 Gururaj Deshpande and Jaishree Deshpande have a family relationship. Form 990, Part VI, Section A, line 2 Kate Guedj, an officer and trustee and Orlando Watkins, an officer and trustee, of Deshpande Foundation, Inc are employed by the Boston Foundation, Inc. Form 990, Part VI, Section A, line 6 Under its by-laws, the Boston Foundation, Inc., Gururaj Deshpande and Jaishree Deshpande are members, who in turn, appoint Directors to the Board. Form 990, Part VI, Section A, line 7a Under its by-laws, the Boston Foundation, Inc., Gururaj Deshpande and Jaishree Deshpande are members, who in turn, appoint Directors to the Board. Form 990, Part VI, Section B, line 11b A copy of the complete Form 990, with all required schedules, was provided to all members of the governing body, prior to filing. Form 990, Part VI, Section B, line 12c From time to time, the Deshpande Foundation, Inc. may make grant awards to organizations in which officers or directors may serve as board members or officers. Officers and directors are required to complete a conflict of interest statement on an annual basis, detailing such roles as well as any other relationships. Officers and directors are required to identify organizations that may be significantly harmed or benefited by any action or policy of the Deshpande Foundation, Inc., or that are or may be involved in transactions with the Deshpande Foundation, Inc., or that could impact the officer or director's ability to serve as a disinterested party with respect to his or her position with the Deshpande Foundation, Inc. Form 990, Part VI, Section B, line 15 The Deshpande Foundation, Inc. does not compensate any officer, director, trustee or key employee. Compensation is paid by the Foundation's supported organization, Boston Foundation, Inc., to its employees that also serve as officers and directors of the Deshpande Foundation, Inc. The Boston Foundation, Inc. sets executive compensation by utilizing an external consultant who conducts a survey. The results of the survey are presented to the Compensation Committee of the Board of Directors of the Boston Foundation, Inc., who reviews and determines compensation for its executives each fiscal year. Form 990, Part VI, Section C, line 19 Documents required by law are made available to the public upon request. Form 990 is also available on Guidestar.org. Form 990, Part IX, Lines 5 and 8 - Compensation of Employees The Foundation has 1 individual performing work for the Foundation, but who is an employee of the Boston Foundation, Inc. and therefore receive their respective W-2 from the Boston Foundation, Inc. Boston Foundation Inc 75 Arlington Street Fl 3 Boston MA 02116 042104021 Community Support MA 501(c)(3) Line 8 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0