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R&B Abbasi Foundation Inc. is a private corporation based in BELLE MEAD, NJ. The foundation received its IRS ruling in 2016. It holds total assets of $124K. Annual income is reported at $527K. Total assets have decreased from $343K in 2019 to $29K in 2023. The foundation is governed by 4 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 2016 to 2023. Grantmaking is concentrated in New Jersey. According to available records, R&B Abbasi Foundation Inc. has made 61 grants totaling $821K, with a median grant of $10K. Annual giving has grown from $117K in 2021 to $213K in 2023. Grantmaking activity was highest in 2022 with $491K distributed across 32 grants. Individual grants have ranged from $700 to $66K, with an average award of $13K. The foundation has supported 25 unique organizations. The foundation primarily supports organizations in New Jersey, California, Pennsylvania, which account for 69% of all grants. Grantmaking reaches organizations across 10 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$2K
Median Grant
$10K
Average Grant
$15K
Largest Grant
$50K
Based on 16 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.
R&B Abbasi Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 61 grants. Its grantmaking reaches organizations primarily in NJ, CA, PA.
R&B Abbasi Foundation Inc. has distributed a total of $821K across 61 grants. The median grant size is $10K, with an average of $13K. Individual grants have ranged from $700 to $66K.
R&B Abbasi Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
R&B Abbasi Foundation Inc. is headquartered in BELLE MEAD, NJ. While based in NJ, the foundation distributes grants to organizations across 10 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Muhammad Rashid Abbasi | VICE CHAIR, BOARD OF TRUST | $0 | $0 | N/A |
| Sabah Abbasi | TREASURER, BOARD OF TRUSTE | $0 | $0 | N/A |
| Omar Abbasi | SECRETARY, BOARD OF TRUSTE | $0 | $0 | N/A |
| Bilquis Abbasi | CHAIR, BOARD OF TRUSTEES | $0 | $0 | N/A |
Total Giving
$217K
Total Assets
$29K
Fair Market Value
$29K
Net Worth
$29K
Grants Paid
$213K
Contributions
$105K
Net Investment Income
$43K
Distribution Amount
N/A
Total: $164
Total Grants
61
Total Giving
$821K
Average Grant
$13K
Median Grant
$10K
Unique Recipients
25
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Zaytuna CollegeDONATION | Berkeley, CA | $66K | 2023 |
| New Brunswick Islamic CenterDONATION | Brunswick, NJ | $36K | 2023 |
| Al-MaqasidDONATION | Macungie, PA | $30K | 2023 |
| Masjid Muhammad Of Atlantic CityDONATION | Atlantic City, NJ | $25K | 2023 |
| Imran Khan Cancer AppealDONATION | Bradford | $10K | 2023 |
| Noor-Ul-Iman SchoolDONATION | Monomouth Junction, NJ | $10K | 2023 |
| Al Shifa FoundationDONATION | Princeton, NJ | $10K | 2023 |
| Medina Community ClinicDONATION | Trenton, NJ | $5K | 2023 |
| The Muslim ProjectDONATION | North Brunswick, NJ | $5K | 2023 |
| Al Madina FoundationDONATION | Columbia, MD | $5K | 2023 |
| Muslim Center Of Greater PrincetonDONATION | West Windsor Township, NJ | $5K | 2023 |
| Princeton UniversityDONATION | Princeton, NJ | $3K | 2023 |
| Center Of Islamic Life At Rutgers UniversityDONATION | Burnswick, NJ | $2K | 2023 |
| Pakistan Children Heart Foundation North America (Pchfna)DONATION | Scarsdale, NY | $1K | 2023 |
| Eb Shaukat Khanum FundDONATION | Farmington, CT | $700 | 2023 |
| Safina FoundationDONATION | N Brunswick, NJ | $50K | 2022 |
| United Production FoundationDONATION | Potomac Falls, VA | $25K | 2022 |
| Pillars Of PeaceDONATION | New York, NY | $10K | 2022 |
| Al-Madina InstituteDONATION | Duluth, GA | $5K | 2022 |
| Al Falah CenterDONATION | Bridgewater Township, NJ | $5K | 2022 |
| A Continuous CharityDONATION | Irving, TX | $2K | 2022 |