Majeed Foundation Inc

Private foundation · Grantmaker St Petersburg, FL EIN: 47-2653320

Majeed Foundation Inc is a private foundation, based in St Petersburg, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $18.9M in total assets. In 2024, it awarded 6 grants totaling $459K. Net investment income was $257K.

Key facts about Majeed Foundation Inc

In short: Majeed Foundation Inc gave $459K across 6 grants in 2024 (avg $76K), mostly in Florida. Source: 2024 IRS Form 990-PF.

EIN
47-2653320
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$458,996
Grants made (2024)
6
Average grant
$76,499
Median grant
$20,500
Total assets
$18,910,562
Primary geography
Florida (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated October 2026.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$18.9M

+29.7% YoY

Annual Giving

$459K

-56.5% YoY

Grant Count

6

-25.0% YoY

Avg Grant Size

$76K

-42.0% YoY

Under IRS private-foundation payout rules, Majeed Foundation Inc reported a distributable amount of $796K for 2024 — the minimum it must pay out in qualifying distributions.

How Majeed Foundation Inc gives

  • Giving fell 30% from 2021 to 2024. Method
  • In 2024 it paid out 58% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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

6states

Share of 2024 grant dollars across all 6 itemized grants.

Cities

St PetersburgTarpon SpringsLargoTampaColumbiaSterling HeightsBooneClearwaterHighland ParkPrincetonSouthfield

Giving Over Time

Total grant dollars and number of grants per year

$0$500K$1M$1.5M6 grants2020 5 grants2021 9 grants2022 8 grants2023 6 grants2024

From 2020 to 2024, annual grant giving ranged from $351K (2020) to $1.1M (2023). In 2024 it made 6 grants totaling $459K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 6 recipients in 2024

Waterfront Parks Foundation: $203KWaterfront Parks Foundation$203KCity of St Petersburg: $200KCity of St Petersburg$200KFlorida Botanical Gardents: $25KFlorida Botanical Gardents$25KThe Dali Museum: $16KThe Dali Museum$16KSyriac Orthodox Archdioce: $10KSyriac Orthodox Archdioce$10KSt Athanasius Syriac Orthodox Churc: $5KSt Athanasius Syriac OrthodoxChurc$5K

The largest 2024 recipient was Waterfront Parks Foundation ($203K). Together the top 6 received $459K.

Grant Size Distribution

34 grants across all recorded years

18<$50K4$50–100K11$100–250K$250–500K1$500K–1M$1–5M$5M+

The most common grant size was under $50K: 18 grants of 34 (53%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Waterfront Parks Foundation St Petersburg, FLSupport Mission$202,996
City of St Petersburg St Petersburg, FLSt Pete Splash Pad and Walkway$200,000
Florida Botanical Gardents Largo, FLSupport Public Gardens$25,000
The Dali Museum St Petersburg, FLSupport Mission$16,000
Syriac Orthodox Archdioce Tarpon Springs, FLSupport Mission$10,000
St Athanasius Syriac Orthodox Churc Tarpon Springs, FLSupport Mission$5,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$1M$2M$3M$4M2020 2021 2022 2023 2024
Metric202420232022
Total Assets$18,910,562$14,582,298$11,888,796
Revenue$2,782,268$2,271,634$172,794
Expenses$477,088$1,097,766$480,147
Qualifying Distributions$458,996$1,055,011$436,565
Net Investment Income$257,437$229,111$156,738
Distributable Amount$795,718$598,909$605,981

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS May 4, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS May 13, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS May 8, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS April 29, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS July 31, 2025)
  6. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Majeed Foundation Inc is led by Kamal N. Majeed, President on every filing since 2020; none of the 3 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Kamal N. Majeed

    President

    On filings since 2020

    10 hrs/week

    No compensation reported

  • Christina M. Majeed

    Vice President

    Director → Vice President, 2022

    On filings since 2020

    5 hrs/week

    No compensation reported

  • Najla T. Majeed

    Secretary & Treasurer

    On filings since 2020

    5 hrs/week

    No compensation reported

Data from IRS Form 990 filings, 2020–2024. "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 Majeed Foundation Inc

How much does Majeed Foundation Inc give each year?

Majeed Foundation Inc gave $459K across 6 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $1.1M across 8 grants.

What is Majeed Foundation Inc's typical grant size?

Majeed Foundation Inc's median grant in 2024 was $20,500, and its average grant was $76,499, across 6 grants on its 2024 IRS Form 990-PF.

Where does Majeed Foundation Inc give grants?

Majeed Foundation Inc gives mostly in Florida: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were St Petersburg, FL (3 grants) and Tarpon Springs, FL (2 grants).

Does Majeed Foundation Inc give general operating support?

Not in 2024: none of the 6 grants with a stated purpose on Majeed Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Support Mission" (4 grants).

Who are Majeed Foundation Inc's largest grantees?

Majeed Foundation Inc's largest 2024 grantees include Waterfront Parks Foundation ($202,996), City of St Petersburg ($200,000) and Florida Botanical Gardents ($25,000), according to its 2024 IRS Form 990-PF. Together they received 93% of its itemized 2024 grant dollars.

How large is Majeed Foundation Inc?

Majeed Foundation Inc reported $18.9M in total assets on its 2024 IRS Form 990-PF. It paid out $459K in qualifying distributions that year, against a required minimum of $796K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.

What is Majeed Foundation Inc's EIN?

Majeed Foundation Inc's EIN (Employer Identification Number) is 47-2653320. IRS Form 990 filing data is available on this page for 2020–2024.

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

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