Elias & Sultana Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FRISCO, TX. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $7.0M in total assets. In 2024, it awarded 13 grants totaling $114K. Net investment income was $110K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$7.0M
+12.9% YoY
Annual Giving
$114K
+69.7% YoY
Grant Count
13
-23.5% YoY
Avg Grant Size
$9K
+121.9% YoY
Under IRS private-foundation payout rules, Elias & Sultana Foundation reported a distributable amount of $311K for 2024 — the minimum it must pay out in qualifying distributions.
About Elias & Sultana Foundation
Based on IRS filings
Elias & Sultana Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FRISCO, TX. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $7.0M in total assets. In 2024, it awarded 13 grants totaling $114K. Net investment income was $110K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $6,958,850 | $6,162,291 | $3,092,266 |
| Revenue | $636,602 | $3,101,067 | $1,000,000 |
| Expenses | $142,843 | $73,023 | $27,334 |
| Qualifying Distributions | $116,281 | $68,563 | $27,334 |
| Net Investment Income | $110,040 | $96,607 | — |
| Distributable Amount | $310,726 | $95,834 | $107,664 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
41 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Peabody Health Philanthropies ($30,974), Community Compassion Usa ($20,000), Human Appeal Inc ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| COMMUNITY COMPASSION USA ELLICOTT CITY, MD | GENERAL SUPPORT | $20,000 |
| DAR-AL TAQWA ELLICOT CITY, MD | GENERAL SUPPORT | $13,500 |
| ISLAMIC CENTER OF BALTIMORE WINDSOR MILL, MD | GENERAL SUPPORT | $1,000 |
| MARYLAND BANGLA ISLAMIC SCHOOL ELLICOTT CITY, MD | GENERAL SUPPORT | $1,000 |
| MUSLIM FAMILY CENTER COLUMBIA, MD | GENERAL SUPPORT | $1,500 |
| PEABODY HEALTH PHILANTHROPIES SAN FRANCISCO, CA | GENERAL SUPPORT | $30,974 |
| UNIVERSITY OF TORONTO | scholarships | $6,037 |
| WOMEN'S AFFAIRS OF AMH INC BALTIMORE, MD | GENERAL SUPPORT | $5,000 |
| HUMAN APPEAL INC MISSION VIEJO, CA | GENERAL SUPPORT | $20,000 |
| INK FOUNDATION ELLICOTT CITY, MD | GENERAL SUPPORT | $3,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| REBEKA SULTANA | President | 1 | — |
| MOHAMMAD ELIAS | Treasurer | 1 | — |
| DAVID FOLSOM | Director | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Elias & Sultana Foundation?
Elias & Sultana Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FRISCO, TX. It holds $7.0M in total assets as of 2024.
How large is Elias & Sultana Foundation?
As of 2024, Elias & Sultana Foundation holds $7.0M in total assets with $637K in annual revenue. It awarded 13 grants totaling $114K in 2024.
Where does Elias & Sultana Foundation operate?
Elias & Sultana Foundation has awarded grants in California, Iowa, Maryland, New York, Pennsylvania, Texas, Virginia.
What size grants does Elias & Sultana Foundation award?
In 2024, Elias & Sultana Foundation awarded 13 grants totaling $114K — an average of about $9K per grant, based on its IRS Form 990 filings.
How much is Elias & Sultana Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Elias & Sultana Foundation reported a distributable amount of $311K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Elias & Sultana Foundation's EIN?
Elias & Sultana Foundation's EIN (Employer Identification Number) is 85-2697541. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in Elias & Sultana Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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