Elizabeth and Joseph Massoud Family
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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$1.5M
+21.4% YoY
Grant Count
43
+16.2% YoY
Avg Grant Size
$35K
+4.4% YoY
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
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in:
- Connecticut
- New York
- California
Grant Distribution by State
States
Cities
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 | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
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
179 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
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.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Elizabeth Allman Massoud | Dir, VP | 1 | — |
| Ihab Joseph Massoud | Pres, Dir, Sec, Treas | 1 | — |
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.govSubject Areas
Focus areas based on grantmaking activity
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Similar funders by location and focus area
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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