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Also known as: C/O M1 RE 224 CORP
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Mikati Foundation is a private corporation based in NEW YORK, NY. The foundation received its IRS ruling in 2017. The principal officer is General Counsel Faconnable Usa. It holds total assets of $1K. Annual income is reported at $475K. Total assets have decreased from $49K in 2019 to $1K in 2024. 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 2017 to 2024. According to available records, Mikati Foundation has made 9 grants totaling $5.6M, with a median grant of $350K. Annual giving has decreased from $4.7M in 2022 to $863K in 2023. Individual grants have ranged from $10K to $2M, with an average award of $618K. The foundation has supported 6 unique organizations. Grants have been distributed to organizations in New York and Ohio. 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.
Mikati Foundation 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 NY, OH.
Mikati Foundation has distributed a total of $5.6M across 9 grants. The median grant size is $350K, with an average of $618K. Individual grants have ranged from $10K to $2M.
Mikati Foundation typically selects its grantees rather than accepting unsolicited proposals.
Mikati Foundation is headquartered in NEW YORK, NY. While based in NY, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Maher Mikati | PRESIDENT | $0 | $0 | N/A |
| Walid Daouk | SECRETARY | $0 | $0 | N/A |
| Wassim Adid | TREASURER | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$1K
Fair Market Value
N/A
Net Worth
$1K
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
9
Total Giving
$5.6M
Average Grant
$618K
Median Grant
$350K
Unique Recipients
6
Most Common Grant
$350K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Columbia UniversityDONATION | New York, NY | $2M | 2022 |
| American University Of BeirutDONATION | New York, NY | $443K | 2023 |
| The Cleveland Clinic FoundationDONATION | Independence, OH | $350K | 2023 |
| Teach A ChildDONATION | Beirut | $30K | 2023 |
| Endeavor Global IncDONATION | New York, NY | $30K | 2023 |
| International College BeirutDONATION | New York, NY | $10K | 2023 |