Baobab Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MIAMI, FL. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $32K in total assets. In 2024, it awarded 2 grants totaling $1.0M. Net investment income was $41K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$32K
-96.7% YoY
Annual Giving
$1.0M
+8813.0% YoY
Grant Count
2
+100.0% YoY
Avg Grant Size
$513K
+4356.5% YoY
Under IRS private-foundation payout rules, Baobab Foundation Inc reported a distributable amount of $46K for 2024 — the minimum it must pay out in qualifying distributions.
About Baobab Foundation Inc
Based on IRS filings
Baobab Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MIAMI, FL. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $32K in total assets. In 2024, it awarded 2 grants totaling $1.0M. Net investment income was $41K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $32,333 | $971,233 | $941,917 |
| Revenue | $100,024 | $48,683 | $4,315 |
| Expenses | $1,043,390 | $19,367 | $91,925 |
| Qualifying Distributions | $1,033,866 | $15,433 | $70,963 |
| Net Investment Income | $41,157 | $44,749 | — |
| Distributable Amount | $45,719 | $46,672 | $49,402 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Stanford University ($1,000,000), Icpc Foundation ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ICPC FOUNDATION WOODWAY, TX | GENERAL SUPPORT | $25,000 |
| STANFORD UNIVERSITY STANFORD, CA | GENERAL SUPPORT | $1,000,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RIAZ VALANI | PRESIDENT / TREASURER | 1 | — |
| JOSHUA RUBENSTEIN | SECRETARY | 1 | — |
| HAFIZ ALI | VICE PRESIDENT | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Baobab Foundation Inc?
Baobab Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MIAMI, FL. It holds $32K in total assets as of 2024.
How large is Baobab Foundation Inc?
As of 2024, Baobab Foundation Inc holds $32K in total assets with $100K in annual revenue. It awarded 2 grants totaling $1.0M in 2024.
Where does Baobab Foundation Inc operate?
Baobab Foundation Inc has awarded grants in California, Texas.
What size grants does Baobab Foundation Inc award?
In 2024, Baobab Foundation Inc awarded 2 grants totaling $1.0M — an average of about $513K per grant, based on its IRS Form 990 filings.
How much is Baobab Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Baobab Foundation Inc reported a distributable amount of $46K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2021–2024.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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