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Giveaseed Foundation is a private corporation based in LISLE, IL. The foundation received its IRS ruling in 2019. The principal officer is Alan Elshafei. It holds total assets of $6.6M. Annual income is reported at $1.9M. Total assets have grown from $12K in 2018 to $5.6M in 2023. The foundation is governed by 3 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2021 to 2024. Grantmaking is concentrated in Illinois. According to available records, Giveaseed Foundation has made 64 grants totaling $398K, with a median grant of $4K. Annual giving has grown from $165K in 2022 to $233K in 2023. Individual grants have ranged from $100 to $45K, with an average award of $6K. The foundation has supported 28 unique organizations. The foundation primarily supports organizations in Illinois, Tennessee, Texas, which account for 81% of all grants. Grantmaking reaches organizations across 9 states. Contributions to this foundation are tax-deductible.
Giveaseed Foundation reported 64 individual grants totaling $397,932 between 2022 and 2023 across its IRS Form 990-PF filings, with a median grant of $4,000. Half of those grants fell between $1,750 and $5,042. Its largest single grant in the record was $45,000. Its most recent available filing, for fiscal year 2023, reports $247,293 in total giving.
Grantmaking is concentrated in IL, which received 46 of the 64 grants on record (72 percent). In total the foundation's grantees span 9 states. Of its 28 distinct grantees, 100 percent received funding more than once, so repeat relationships are the norm rather than the exception. Its largest institutional recipients were Almutahaboun Fil Laah Inc ($110,000), Islamic Center Of Naperville ($45,600) and Icna Releif Usa ($40,000).
Computed from 64 individual grant records (2022–2023) in this foundation's IRS Form 990-PF Part XV filings, reaching 9 states. Source: IRS 990-PF.
Smallest Grant
$100
Median Grant
$3K
Average Grant
$5K
Largest Grant
$20K
Based on 15 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Giveaseed Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 64 grants. Its grantmaking reaches organizations primarily in IL, TN, TX.
Giveaseed Foundation has distributed a total of $398K across 64 grants. The median grant size is $4K, with an average of $6K. Individual grants have ranged from $100 to $45K.
Giveaseed Foundation typically selects its grantees rather than accepting unsolicited proposals.
Giveaseed Foundation is headquartered in LISLE, IL. While based in IL, the foundation distributes grants to organizations across 9 states.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Tom Golab | DIRECTOR | $0 | $0 | N/A |
| Alan Elshafei | PRESIDENT | $0 | $0 | N/A |
| Reem Elshafei | SECRETARY | $0 | $0 | N/A |
Total Giving
$247K
Total Assets
$5.6M
Fair Market Value
$5.6M
Net Worth
$5.6M
Grants Paid
$230K
Contributions
$500K
Net Investment Income
$122K
Distribution Amount
N/A
Total: $5M
Total Grants
64
Total Giving
$398K
Average Grant
$6K
Median Grant
$4K
Unique Recipients
28
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Edwards FoundationGENERAL SUPPORT | Naperville, IL | $5K | 2023 |
| Sandy HookGENERAL SUPPORT | Newtown, CT | $100 | 2023 |
| Almutahaboun Fil Laah IncGENERAL SUPPORT | Orland Park, IL | $45K | 2023 |
| Icna Releif UsaGENERAL SUPPORT | Glendale Heights, IL | $20K | 2023 |
| Islamic Center Of NapervilleGENERAL SUPPORT | Naperville, IL | $8K | 2023 |
| Chicago Islamic CenterGENERAL SUPPORT | Chicago, IL | $5K | 2023 |
| Innercity Muslim Action NetworkGENERAL SUPPORT | Chicago, IL | $5K | 2023 |
| Guidance CollegeGENERAL SUPPORT | Houston, TX | $5K | 2023 |
| Icna ReliefGENERAL SUPPORT | Glendale Heights, IL | $5K | 2023 |
| Alsac - St JudeGENERAL SUPPORT | Memphis, TN | $5K | 2023 |
| United Holy Land FundGENERAL SUPPORT | Burbank, IL | $3K | 2023 |
| University Of DenverGENERAL SUPPORT | Denver, CO | $3K | 2023 |
| Palestine Children'S Relief FundGENERAL SUPPORT | Kent, OH | $3K | 2023 |
| Fry Family YmacGENERAL SUPPORT | Naperville, IL | $1K | 2023 |
| Illinois Muslim Chamber Of CommerceGENERAL SUPPORT | Naperville, IL | $1K | 2023 |
| Madian CommunityGENERAL SUPPORT | Naperville, IL | $300 | 2023 |
| United Holyland FundGENERAL SUPPORT | Burbank, IL | $10K | 2022 |
| Prayer Center Of Orland ParkGENERAL SUPPORT | Orland Park, IL | $5K | 2022 |
| Islamic Center Of WheatonGENERAL SUPPORT | Wheaton, IL | $5K | 2022 |
| IfswsGENERAL SUPPORT | Plainfield, IL | $5K | 2022 |
| American University Of BeirutGENERAL SUPPORT | New York, NY | $3K | 2022 |
| Alnanda CenterGENERAL SUPPORT | Worth, IL | $3K | 2022 |