Elizabeth and Ihab Massoud Family Foundation
The Elizabeth and Joseph Massoud Family Foundation is a private foundation based in Wilmington, Delaware. Established in 2013, the foundation serves as a permanent vehicle for the Massoud family to contribute to local, national, and global communities, reflecting their family values and commitment to philanthropy.
Key facts about Elizabeth and Ihab Massoud Family Foundation
In short: Elizabeth and Ihab Massoud Family Foundation gave $1.4M across 41 grants in 2025 (avg $33K), mostly in California. 35% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- EIN
- 46-2495320
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $1,359,786
- Grants made (2025)
- 41
- Average grant
- $33,166
- Median grant
- $10,000
- New grantees (estimate)
- 35% first-time grantees (12 of 34, 2025)
- Total assets
- $10,423,008
- Primary geography
- California (56% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$10.4M
+1.3% YoY
Annual Giving
$1.4M
-9.2% YoY
Grant Count
41
-4.7% YoY
Avg Grant Size
$33K
-4.8% YoY
Under IRS private-foundation payout rules, Elizabeth and Ihab Massoud Family Foundation reported a distributable amount of $536K for 2025 — the minimum it must pay out in qualifying distributions.
Is Elizabeth and Ihab Massoud Family Foundation open to new grantees?
35%
first-time grantees, 2025
In 2025, 12 of 34 grantees (35%) were first-time recipients. First grants averaged $6K; repeat grants $59K. How we count
Medians: $5K first-time, $20K repeat.
- 56% of 2025 grantees were also funded in 2024. Method
- Giving grew 23% from 2022 to 2025. Method
- In 2025 it paid out 260% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
The foundation's mission is to enable the Massoud family to contribute to their local, national, and global communities through strategic charitable giving. The foundation focuses on three primary areas:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
Grantmaking
Ready to take the next step with Elizabeth and Ihab Massoud Family Foundation?
Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in:
- Connecticut
- New York
- California
Grant Distribution by State
Share of all 41 itemized 2025 grant dollars.
States
Cities
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 2025
Grant Size Distribution
180 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| CLAREMONT-MCKENNA COLLEGE Claremont, CA | Massoud Family Fund | $642,857 |
| CHILDRENS HOSPITAL CORPORATION Boston, MA | Massoud Family CICU Fellowship Operating Fund and Massoud Family CICU Fellowship Fund | $100,000 |
| CONNECTICUT INSTITUTE FOR REFUGEES AND IMMIGRANTS Bridgeport, CT | Philanthropic Gift Agreement | $100,000 |
| CLAREMONT-MCKENNA COLLEGE Claremont, CA | Vivienne Y. Massoud Memorial Scholarship Fund | $71,429 |
| CATHOLIC CHARITIES OF FAIRFIELD COUNTY INC Shelton, CT | Massoud Family Kitchen Sponsorship | $50,000 |
| PRESIDENT AND FELLOWS OF HARVARD COLLEGE Cambridge, MA | Undergraduate Scholarship Fund | $47,000 |
| BRIDGEPORT NEIGHBORHOOD TRUST INC Bridgeport, CT | General & Unrestricted | $35,000 |
| HOMES WITH HOPE INC Westport, CT | Charitable Event | $30,000 |
| CHRISTIAN HERALD ASSN INC New York, NY | General & Unrestricted | $25,000 |
| CITY MISSION Waterbury, CT | Funds to Purchase a box truck for food distribution purposes | $25,000 |
Financial History
Multi-year comparison from IRS filings
- Total Assets: $10,290,313 (as of most recent IRS 990 filing for 2024)
- Total Annual Giving: $1,497,836
- Tax-Exempt Status: Granted in May 2014
- EIN: 46-2495320
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $10,423,008 | $10,290,313 | $11,241,993 |
| Revenue | $1,584,754 | $633,685 | $2,592,496 |
| Expenses | $1,452,059 | $1,595,365 | $1,317,122 |
| Qualifying Distributions | $1,396,171 | $1,536,791 | $1,269,566 |
| Net Investment Income | $567,518 | $805,575 | $524,762 |
| Distributable Amount | $536,097 | $655,048 | $581,269 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS October 14, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS April 18, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS August 15, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS August 13, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS June 25, 2026)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
Joseph Massoud (also known as Ihab Joseph Morcos Massoud or Joe Massoud) is the founder and managing director of the foundation. He holds a Master of Business Administration from Harvard Business School and is a resident of Westport, Connecticut. Massoud previously founded The Compass Group and served as Managing Director of Anholt Services (USA), Inc.
Massoud serves as a board member of several charitable organizations, including:
- Families Network of Western Connecticut
- Habitat for Humanity of Coastal Fairfield County
- Big Brothers/Big Sisters of Southwestern Connecticut
- Bridgeport Rescue Mission
- Staples High School Tuition Awards
Elizabeth Massoud is co-founder of the foundation. She and Joseph Massoud met at Harvard University.
Elizabeth and Ihab Massoud Family Foundation is led by Ihab Joseph Massoud, President, Director, Secretary & Treasurer on every filing since 2020; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Ihab Joseph Massoud
President, Director, Secretary & Treasurer
On filings since 2020
1 hr/week
No compensation reported
Elizabeth Allman Massoud
Director & Vice President
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Recent News & Activity
Recent developments and announcements
Joseph Massoud has been recognized for his philanthropic contributions, particularly to organizations serving vulnerable populations. He has received recognition from the Connecticut Food Bank for his support of hunger relief efforts and has sponsored community events such as Big Brothers Big Sisters of Southwestern Connecticut's Bowl for Kids' Sake fundraiser.
[PDF] I. Joseph Massoud - SEC.govFrequently asked questions about Elizabeth and Ihab Massoud Family Foundation
How much does Elizabeth and Ihab Massoud Family Foundation give each year?
Elizabeth and Ihab Massoud Family Foundation gave $1.4M across 41 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $1.5M across 43 grants.
What is Elizabeth and Ihab Massoud Family Foundation's typical grant size?
Elizabeth and Ihab Massoud Family Foundation's median grant in 2025 was $10,000, and its average grant was $33,166, across 41 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Elizabeth and Ihab Massoud Family Foundation that year got $6K on average.
Where does Elizabeth and Ihab Massoud Family Foundation give grants?
Elizabeth and Ihab Massoud Family Foundation gives mostly in California: 56% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Connecticut (27%) and Massachusetts (12%). The most frequent recipient cities were Bridgeport, CT (6 grants), Hartford, CT (5 grants), Westport, CT (4 grants) and New York, NY (3 grants).
Does Elizabeth and Ihab Massoud Family Foundation give general operating support?
Yes: 41% of Elizabeth and Ihab Massoud Family Foundation's 2025 grants with a stated purpose (17 of 41) were for general or operating support, per its 2025 IRS Form 990-PF. Recurring purposes include "Charitable Event" (12 grants).
Who are Elizabeth and Ihab Massoud Family Foundation's largest grantees?
Elizabeth and Ihab Massoud Family Foundation's largest 2025 grantees include Claremont-McKenna College ($714,286 across 2 grants), Childrens Hospital Corporation ($100,000) and Connecticut Institute for Refugees and Immigrants ($100,000), according to its 2025 IRS Form 990-PF. Together they received 67% of its itemized 2025 grant dollars.
How large is Elizabeth and Ihab Massoud Family Foundation?
Elizabeth and Ihab Massoud Family Foundation reported $10.4M in total assets on its 2025 IRS Form 990-PF. It paid out $1.4M in qualifying distributions that year, against a required minimum of $536K (roughly 5% of its investment assets).
What does Elizabeth and Ihab Massoud Family Foundation fund?
The foundation's mission is to enable the Massoud family to contribute to their local, national, and global communities through strategic charitable giving. The foundation focuses on three primary areas: • **Education** • **Philanthropy, Voluntarism & Grantmaking** • **Human Services**
How do I apply for a grant from Elizabeth and Ihab Massoud Family Foundation?
**Grant Amounts:** Typical awards range from $300 to $642,857. **Total Annual Giving:** $1,497,836 (based on most recent IRS 990 filing for 2024) **Partner Organizations:** The foundation partners with numerous organizations across its focus areas, including: • American Civil Liberties Union • Big Brothers Big Sisters of Connecticut • Boston Children's Hospital • Bowery Mission of New York • Bridgeport Rescue Mission • Building Neighborhoods Together • Center for Disaster Philanthropy • Claremo…
What is Elizabeth and Ihab Massoud Family Foundation's EIN?
Elizabeth and Ihab Massoud Family Foundation's EIN (Employer Identification Number) is 46-2495320. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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