Nisar Foundation Inc
Nisar Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Edison, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $6.4M in total assets. In 2024, it awarded 19 grants totaling $257K. Net investment income was $74K.
Key facts about Nisar Foundation Inc
In short: Nisar Foundation Inc gave $257K across 19 grants in 2024 (avg $14K), mostly in New Jersey. 16% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- EIN
- 32-0481981
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $256,515
- Grants made (2024)
- 19
- Average grant
- $13,501
- Median grant
- $3,400
- New grantees (estimate)
- 16% first-time grantees (3 of 19, 2024)
- Total assets
- $6,408,431
- Primary geography
- New Jersey (77% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$6.4M
+23.9% YoY
Annual Giving
$257K
+66.0% YoY
Grant Count
19
+18.8% YoY
Avg Grant Size
$14K
+39.8% YoY
Is Nisar Foundation Inc open to new grantees?
16%
first-time grantees, 2024
In 2024, 3 of 19 grantees (16%) were first-time recipients. First grants averaged $2K; repeat grants $16K. How we count
Medians: $2K first-time, $4K repeat.
- 84% of 2024 grantees were also funded in 2023. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2022–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 19 itemized 2024 grant dollars.
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 2024
Grant Size Distribution
48 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| MISC CHARITY Edison, NJ | RELIGIOUS AND EDUCATION CHARITY | $169,215 |
| ZAYTUNA COLLEGE Berkeley, CA | RELIGIOUS AND EDUCATION CHARITY | $26,000 |
| MASJID QUBA Carteret, NJ | RELIGIOUS CHARITY | $10,150 |
| MASJID MUHAMMED Newark, NJ | RELIGIOUS CHARITY | $7,200 |
| CONTINUOUS CHARITY Irving, TX | RELIGIOUS CHARITY | $5,650 |
| ZAKATH FOUNDATION OF AMERICA New York, NY | RELIGIOUS CHARITY | $5,100 |
| ORPHANS IN NEED INC Dublin, CA | RELIGIOUS CHARITY | $5,000 |
| THE CITIZENS FOUNADATION Chicago, IL | GENERAL SUPPORT | $3,900 |
| CENTER FOR ISLAMIC LIFE AT RUTGERS UNIVERSITY - (CILRU) New Brunswick, NJ | RELIGIOUS AND EDUCATION CHARITY | $3,500 |
| SEEDS OF SERVICE Brick Township, NJ | RELIGIOUS CHARITY | $3,400 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $6,408,431 | $5,173,000 | $3,751,049 |
| Revenue | $302,160 | $107,474 | $147,213 |
| Expenses | $257,376 | $156,014 | $177,141 |
| Qualifying Distributions | $256,515 | $154,502 | $175,355 |
| Net Investment Income | $74,097 | $50,912 | $94,213 |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Nisar Foundation Inc's 2024 filing lists 2 officers; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Mohammed Nisar
Turstee
On filings since 2020
3 hrs/week
No compensation reported
Noor Nisar
Turstee
On filings since 2020
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.
Frequently asked questions about Nisar Foundation Inc
How much does Nisar Foundation Inc give each year?
Nisar Foundation Inc gave $257K across 19 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $155K across 16 grants.
What is Nisar Foundation Inc's typical grant size?
Nisar Foundation Inc's median grant in 2024 was $3,400, and its average grant was $13,501, across 19 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Nisar Foundation Inc that year got $2K on average.
Where does Nisar Foundation Inc give grants?
Nisar Foundation Inc gives mostly in New Jersey: 77% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was California (13%). The most frequent recipient cities were Edison, NJ (2 grants).
Does Nisar Foundation Inc give general operating support?
Yes: 11% of Nisar Foundation Inc's 2024 grants with a stated purpose (2 of 19) were for general or operating support, per its 2024 IRS Form 990-PF. Recurring purposes include "Religious Charity" (12 grants) and "Religious and Education Charity" (4 grants).
Who are Nisar Foundation Inc's largest grantees?
Nisar Foundation Inc's largest 2024 grantees include Misc Charity ($169,215), Zaytuna College ($26,000) and Masjid Quba ($10,150), according to its 2024 IRS Form 990-PF. Together they received 80% of its itemized 2024 grant dollars.
How large is Nisar Foundation Inc?
Nisar Foundation Inc reported $6.4M in total assets on its 2024 IRS Form 990-PF. Its revenue that year was $302K.
What is Nisar Foundation Inc?
Nisar Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Edison, NJ. It holds $6.4M in total assets as of 2024.
What is Nisar Foundation Inc's EIN?
Nisar Foundation Inc's EIN (Employer Identification Number) is 32-0481981. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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