Murad Family Foundation
Murad Family Foundation is a private foundation focused on public and societal benefit, based in Manhattan Beach, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.6M in total assets. In 2024, it awarded 1 grant totaling $8K. Net investment income was $96K.
Murad Family Foundation at a glance
In short: Murad Family Foundation gave $8K across 1 grant in 2024 (avg $8K), mostly in California. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $7,500
- -70.0% vs 2023
- Grants made (2024)
- 1
- -66.7% vs 2023
- Average grant
- $7,500
- -10.0% vs 2023
- Median grant
- $7,500
- Total assets
- $1,602,527
- +4.0% vs 2023
- Primary geography
- California (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who Murad Family Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Oceanographic Teaching Stations ($8K).
Grant Size Distribution
7 grants across all recorded years
The most common grant size was under $50K: 7 grants of 7 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How Murad Family Foundation gives
- Giving fell 44% from 2021 to 2024. Method
- In 2024 it paid out 36% 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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2024, annual grant giving ranged from $8K (2022) to $25K (2023). In 2024 it made 1 grant totaling $8K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Oceanographic Teaching Stations Manhattan Beach, CA | Unrestricted Support | $7,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $1,602,527 | $118,503 | $57,053 | $7,500 | 1 | $35,079 | $96,309 | $97,454 |
| 2023 | $1,540,666 | $64,333 | $62,432 | $25,000 | 3 | $46,341 | $50,209 | $87,196 |
| 2022 | $1,538,428 | $12,673 | $43,970 | $7,500 | 2 | $26,934 | $24,769 | $87,778 |
| 2021 | $1,569,627 | $98,594 | $57,295 | $13,500 | 1 | $35,776 | $84,545 | $94,636 |
| 2020 | $1,528,328 | $-222,113 | $32,933 | — | — | — | $29,436 | $81,306 |
Under IRS private-foundation payout rules, Murad Family Foundation reported a distributable amount of $97K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Murad Family Foundation is led by Richard Murad, CEO & Director since 2023 (on filings since 2020); 1 of 3 officers listed in 2024 is compensated.
Officers on the 2024 filing
Richard Murad
CEO & Director
CEO → CEO & Director, 2023
On filings since 2020
0.3 hrs/week
No compensation reported
Hilarie Murad
President & Director
President → President & Director, 2023
On filings since 2020
0.5 hrs/week
$19K (2020) → $30K (2024)
Jeffrey Murad
Secretary & Director
Secretary → Secretary & Director, 2023
On filings since 2020
0.3 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.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $30K, to Hilarie Murad (Pres/Director).
Frequently asked questions about Murad Family Foundation
How much does Murad Family Foundation give each year?
Murad Family Foundation gave $8K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $25K across 3 grants.
How large is Murad Family Foundation?
Murad Family Foundation reported $1.6M in total assets on its 2024 IRS Form 990-PF. It paid out $35K in qualifying distributions that year, against a required minimum of $97K (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 Murad Family Foundation?
Murad Family Foundation is a private foundation focused on public and societal benefit, based in Manhattan Beach, CA. It holds $1.6M in total assets as of 2024.
Where does Murad Family Foundation operate?
Murad Family Foundation has awarded grants in California, Oregon.
What is Murad Family Foundation's EIN?
Murad Family Foundation's EIN (Employer Identification Number) is 45-1585141. 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.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 14, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 14, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 13, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 9, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 13, 2025)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Murad Family Foundation's focus areas in our free grants database
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