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Murad Family Foundation is a private corporation based in MANHATTAN BCH, CA. The foundation received its IRS ruling in 2011. It holds total assets of $1.6M. Annual income is reported at $488K. Total assets have grown from $50K in 2011 to $1.5M in 2023. The foundation is governed by 3 officers and trustees. The foundation operates in the area of community development. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. According to available records, Murad Family Foundation has made 7 grants totaling $40K, with a median grant of $5K. Annual giving has grown from $15K in 2022 to $25K in 2023. Individual grants have ranged from $3K to $10K, with an average award of $6K. The foundation has supported 4 unique organizations. Grants have been distributed to organizations in California and Oregon. 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.
Murad Family Foundation primarily funds organizations in the area of community development. Based on available records, the foundation has funded 7 grants. Its grantmaking reaches organizations primarily in CA, OR.
Murad Family Foundation has distributed a total of $40K across 7 grants. The median grant size is $5K, with an average of $6K. Individual grants have ranged from $3K to $10K.
Murad Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Murad Family Foundation is headquartered in MANHATTAN BCH, CA. While based in CA, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Hilarie Murad | PRES/DIRECTO | $25K | $0 | $25K |
| Richard Murad | CEO/DIRECTOR | $0 | $0 | N/A |
| Jeffrey Murad | SEC/DIRECTOR | $0 | $0 | N/A |
Total Giving
$62K
Total Assets
$1.5M
Fair Market Value
$1.9M
Net Worth
$1.5M
Grants Paid
$25K
Contributions
N/A
Net Investment Income
$50K
Distribution Amount
$87K
Total: $1.5M
Total Grants
7
Total Giving
$40K
Average Grant
$6K
Median Grant
$5K
Unique Recipients
4
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Indivisible ArtsUNRESTRICTED SUPPORT | Hermosa Beach, CA | $10K | 2023 |
| Vistamar SchoolUNRESTRICTED SUPPORT | El Segundo, CA | $10K | 2023 |
| Lacba Council For JusticeUNRESTRICTED SUPPORT | Los Angeles, CA | $5K | 2023 |
| Camp TamarackUNRESTRICTED | Bend, OR | $5K | 2022 |