Baobab Foundation Inc

Private foundation · Grantmaker Miami, FL EIN: 83-2829519

Baobab Foundation Inc is a private foundation, based in Miami, FL. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $19K in total assets. In 2025, it made $5K in qualifying distributions.

Key facts about Baobab Foundation Inc

EIN
83-2829519
Latest 990 filing
Form 990-PF, 2025
Total assets
$18,787

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$19K

-41.9% YoY

Revenue

$876

-99.1% YoY

Qualifying Distributions

$5K

-99.5% YoY

Expenses

$10K

-99.0% YoY

Under IRS private-foundation payout rules, Baobab Foundation Inc reported a distributable amount of $1K for 2025 — the minimum it must pay out in qualifying distributions.

How Baobab Foundation Inc gives

  • Giving grew 2178% from 2021 to 2024. Method
  • In 2025 it paid out 405% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

2states

Cities

Sugar LandStanfordWoodway

Giving Over Time

Total grant dollars and number of grants per year

$0$500K$1M$1.5M1 grant2021 1 grant2022 1 grant2023 2 grants2024 0 grants2025

From 2021 to 2024, annual grant giving ranged from $12K (2023) to $1.0M (2024). In 2024 it made 2 grants totaling $1.0M.

Grant Insights

How this funder distributes its grants

Grant Size Distribution

5 grants across all recorded years

3<$50K1$50–100K$100–250K$250–500K$500K–1M1$1–5M$5M+

The most common grant size was under $50K: 3 grants of 5 (60%).

Giving History

Grant recipients and amounts by year

No grants recorded for 2025.

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$500K$1M$1.5M2021 2022 2023 2024 2025
Metric202520242023
Total Assets$18,787$32,333$971,233
Revenue$876$100,024$48,683
Expenses$9,956$1,043,390$19,367
Qualifying Distributions$4,663$1,033,866$15,433
Net Investment Income—$41,157$44,749
Distributable Amount$1,150$45,719$46,672

Data update history

When this profile's IRS filing data changed on Grantable

  1. Added Form 990-PF for fiscal year 2025 (received by the IRS May 12, 2026)
  2. IRS filings on file for fiscal years 2021–2024

Leadership & Key People

Officers and directors from IRS filings

Baobab Foundation Inc is led by Riaz Valani, President & Treasurer on every filing since 2021; none of the 3 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Riaz Valani

    President & Treasurer

    On filings since 2021

    1 hr/week

    No compensation reported

  • Hafiz Ali

    Vice President

    On filings since 2021

    1 hr/week

    No compensation reported

  • Joshua S. Rubenstein

    Secretary

    On filings since 2021

    1 hr/week

    No compensation reported

Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about Baobab Foundation Inc

How large is Baobab Foundation Inc?

Baobab Foundation Inc reported $19K in total assets on its 2025 IRS Form 990-PF. It paid out $5K in qualifying distributions that year, against a required minimum of $1K (roughly 5% of its investment assets).

Where does Baobab Foundation Inc operate?

Baobab Foundation Inc has awarded grants in California, Texas.

What is Baobab Foundation Inc's EIN?

Baobab Foundation Inc's EIN (Employer Identification Number) is 83-2829519. IRS Form 990 filing data is available on this page for 2021–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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