Saaaks Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SOUTHLAKE, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $184K in total assets. In 2024, it awarded 7 grants totaling $53K. Net investment income was $11K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$184K
+18.6% YoY
Annual Giving
$53K
-66.2% YoY
Grant Count
7
+40.0% YoY
Avg Grant Size
$8K
-75.8% YoY
Under IRS private-foundation payout rules, Saaaks Foundation Inc reported a distributable amount of $8K for 2024 — the minimum it must pay out in qualifying distributions.
About Saaaks Foundation Inc
Based on IRS filings
Saaaks Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SOUTHLAKE, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $184K in total assets. In 2024, it awarded 7 grants totaling $53K. Net investment income was $11K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $183,926 | $155,024 | $335,498 |
| Revenue | $83,249 | $-23,542 | $6,657 |
| Expenses | $54,347 | $156,932 | $41,908 |
| Qualifying Distributions | $54,180 | $156,576 | $41,620 |
| Net Investment Income | $10,612 | $4,664 | $6,289 |
| Distributable Amount | $8,195 | $15,480 | $17,522 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
21 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Unrwa-usa ($15,000), Zaytuna College ($10,000), Tarrant Area Food Bank ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ZAYTUNA COLLEGE BERKELEY, CA | OPERATING SUPPORT | $10,000 |
| ISLAMIC CENTER OF SOUTHLAKE SOUTHLAKE, TX | OPERATING SUPPORT | $5,000 |
| MUSLIM COMM CTR FOR HUMAN SVS RICHLAND HILLS, TX | OPERATING SUPPORT | $2,500 |
| THE CITIZENS FOUNDATION HOUSTON, TX | OPERATING SUPPORT | $5,000 |
| FRIENDS OF HSMH OLD WESTBURY, NY | OPERATING SUPPORT | $5,000 |
| UNRWA-USA WASHINGTON, DC | OPERATING SUPPORT | $15,000 |
| TARRANT AREA FOOD BANK FORT WORTH, TX | OPERATING SUPPORT | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KAMAL A SYED | PRESIDENT/SE | 0.25 | — |
| SAMIRA K SYED | VICE PRESIDE | 0.25 | — |
| AJAZ K SYED | TREASURER | 0.25 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Saaaks Foundation Inc?
Saaaks Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SOUTHLAKE, TX. It holds $184K in total assets as of 2024.
How large is Saaaks Foundation Inc?
As of 2024, Saaaks Foundation Inc holds $184K in total assets with $83K in annual revenue. It awarded 7 grants totaling $53K in 2024.
Where does Saaaks Foundation Inc operate?
Saaaks Foundation Inc has awarded grants in California, District of Columbia, New Jersey, New York, Texas, Virginia.
What size grants does Saaaks Foundation Inc award?
In 2024, Saaaks Foundation Inc awarded 7 grants totaling $53K — an average of about $8K per grant, based on its IRS Form 990 filings.
How much is Saaaks Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Saaaks Foundation Inc reported a distributable amount of $8K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Saaaks Foundation Inc's EIN?
Saaaks Foundation Inc's EIN (Employer Identification Number) is 84-2826644. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Saaaks Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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