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The Merali Foundation is a private corporation based in RAPID CITY, SD. The foundation received its IRS ruling in 2009. The principal officer is % Pandju Merali. It holds total assets of $7M. Annual income is reported at $466K. The foundation operates in the area of philanthropy & grantmaking. According to available records, The Merali Foundation has made 15 grants totaling $971K, with a median grant of $28K. Annual giving has grown from $243K in 2020 to $427K in 2022. Individual grants have ranged from $9K to $240K, with an average award of $65K. The foundation has supported 5 unique organizations. Grants have been distributed to organizations in California and Minnesota. Contributions to this foundation are tax-deductible.
The Merali Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 15 grants. Its grantmaking reaches organizations primarily in CA, MN.
The Merali Foundation has distributed a total of $971K across 15 grants. The median grant size is $28K, with an average of $65K. Individual grants have ranged from $9K to $240K.
The Merali Foundation typically selects its grantees rather than accepting unsolicited proposals.
The Merali Foundation is headquartered in RAPID CITY, SD. While based in SD, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Mehdi Merali | VICE PRESIDENT & DIRECTOR | $40K | $0 | $40K |
| Azim Merali | DIRECTOR | $0 | $0 | $0 |
| Karim Merali | PRESIDENT | $0 | $0 | $0 |
Total Giving
$391K
Total Assets
$7M
Fair Market Value
$7.2M
Net Worth
$7M
Grants Paid
$298K
Contributions
$0
Net Investment Income
$188K
Distribution Amount
$325K
Total: $4.1M
Total Grants
15
Total Giving
$971K
Average Grant
$65K
Median Grant
$28K
Unique Recipients
5
Most Common Grant
$18K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Foundation To Support EducationFINANCE EDUCATION FOR WOMEN IN DEVELOPING COUTRIES | Hamel, MN | $18K | 2022 |
| Sens FoundationDEVELOP REGENERATIVE MEDICINE SOLUTIONS | Mountain View, CA | $240K | 2021 |
| The Asia FoundationFINANCE EDUCATION FOR WOMEN IN DEVELOPING COUNTRIE | San Francisco, CA | $100K | 2022 |
| Zorig FoundationFINANCE EDUCATION FOR WOMEN IN DEVELOPING COUNTRIE | Ulaanbaater | $75K | 2022 |
| The Nagourney Institute |
| 2017 | 990PF | View |
| 2016 | 990PF | View |
| 2015 | 990PF | View |
| Long Beach, CA |
| $20K |
| 2022 |
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