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Banneker Foundation is a private corporation based in SILVER SPRING, MD. The foundation received its IRS ruling in 2021. The principal officer is Rosallah Karim. It holds total assets of $598K. Annual income is reported at $363K. Total assets have grown from $249K in 2021 to $563K in 2023. The foundation is governed by 3 officers and trustees. Educational scholarships and support. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2021 to 2023. According to available records, Banneker Foundation has made 16 grants totaling $113K, with a median grant of $4K. The foundation has distributed between $56K and $57K annually from 2021 to 2022. Individual grants have ranged from $1K to $23K, with an average award of $7K. The foundation has supported 8 unique organizations. Grants have been distributed to organizations in Maryland and Georgia and Ohio. Contributions to this foundation are tax-deductible.
Educational scholarships and support
Expenses: $10K
Community support
Expenses: $10K
Educational scholarships and support. Based on available records, the foundation has funded 16 grants. Its grantmaking reaches organizations primarily in MD, GA, OH.
Banneker Foundation has distributed a total of $113K across 16 grants. The median grant size is $4K, with an average of $7K. Individual grants have ranged from $1K to $23K.
Banneker Foundation typically selects its grantees rather than accepting unsolicited proposals.
Banneker Foundation is headquartered in SILVER SPRING, MD. While based in MD, the foundation distributes grants to organizations across 3 states.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Aaliyah Muhammad | VICE PRESIDENT | $0 | $0 | N/A |
| Ralp Smith | SECRETARY | $0 | $0 | N/A |
| Rosallah Karim | PRESIDENT | $0 | $0 | N/A |
Total Giving
$50K
Total Assets
$563K
Fair Market Value
$563K
Net Worth
$561K
Grants Paid
$20K
Contributions
$185K
Net Investment Income
N/A
Distribution Amount
$2K
Total: N/A
Total Grants
16
Total Giving
$113K
Average Grant
$7K
Median Grant
$4K
Unique Recipients
8
Most Common Grant
$1K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Masjid Al MuminumCOMMUNITY SUPPORT | Atlanta, GA | $12K | 2022 |
| Moorehouse CollegeSTUDENT SCHOLARSHIP | Atlanta, GA | $10K | 2022 |
| Khalilah CousettCOMMUNITY SUPPORT - FUNERAL SERVICES | Mason, OH | $5K | 2022 |
| StudyalislamcomEDUCATION | Silver Spring, MD | $1K | 2022 |
| Emergency Assistance - VariousEMERGENCY ASSISTANCE TO REFUGEES HOMELESS | Silver Spring, MD | $23K | 2021 |
| Community Support - VariousCOMMUNITY SUPPORT | Silver Spring, MD | $3K | 2021 |
| Study Al-IslamEDUCATION | Silver Spring, MD | $1K | 2021 |
| Community Welfare - VariousCOMMUNITY WELFARE AND TRAINING | Silver Spring, MD | $1K | 2021 |