//
Work at this foundation?
Claim this profile to manage it and see interest from grant seekers.
Medcare Foundation Inc. is a private corporation based in POTOMAC, MD. The foundation received its IRS ruling in 2003. The principal officer is Dr Muhammad Yusuf. It holds total assets of $341K. Annual income is reported at N/A. The foundation is governed by 1 officer or trustee. 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 2020 to 2023. According to available records, Medcare Foundation Inc. has made 9 grants totaling $46K, with a median grant of $3K. Annual giving has grown from $13K in 2020 to $23K in 2023. Individual grants have ranged from $500 to $20K, with an average award of $5K. The foundation has supported 4 unique organizations. Grants have been distributed to organizations in Maryland and Texas. Contributions to this foundation are tax-deductible.
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.
Medcare Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 9 grants. Its grantmaking reaches organizations primarily in MD, TX.
Medcare Foundation Inc. has distributed a total of $46K across 9 grants. The median grant size is $3K, with an average of $5K. Individual grants have ranged from $500 to $20K.
Medcare Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Medcare Foundation Inc. is headquartered in POTOMAC, MD. While based in MD, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Muhammad Yusuf | PRESIDENT | $0 | $0 | N/A |
Total Giving
$23K
Total Assets
$341K
Fair Market Value
$341K
Net Worth
$338K
Grants Paid
$23K
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
9
Total Giving
$46K
Average Grant
$5K
Median Grant
$3K
Unique Recipients
4
Most Common Grant
$3K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Islamic Community CenterCONTRIBUTION | Potomac, MD | $20K | 2023 |
| The Citizens Foundation UsaCONTRIBUTION | Houston, TX | $3K | 2023 |
| University Of MarylandCONTRIBUTION | College Park, MD | $500 | 2022 |
| Islamic Community Center Of PotomacCONTRIBUTION | Potomac, MD | $10K | 2020 |
BALTIMORE, MD
OWINGS MILLS, MD
HANOVER, MD