Siddiq Foundation Inc

PISCATAWAY, NJ EIN: 87-4167849

Siddiq Foundation Inc is a private foundation focused on Human Services, based in PISCATAWAY, NJ. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $166K in total assets. In 2024, it awarded 7 grants totaling $80K. Net investment income was $8K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$166K

Annual Giving

$80K

Grant Count

Avg Grant Size

$11K

Under IRS private-foundation payout rules, Siddiq Foundation Inc reported a distributable amount of $8K for 2024 — the minimum it must pay out in qualifying distributions.

About Siddiq Foundation Inc

Based on IRS filings

Focus Areas

Human Services

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New Jersey $91K (90%)

Michigan $5K (5%)

Massachusetts $3K (3%)

Maryland $1K (1%)

States

Massachusetts Maryland Michigan New Jersey

Cities

ColumbiaDetroitMonmouth JunctionNew BrunswickNorth BrunswickSomerville

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2021
Total Assets	$166,243	$129,450
Revenue	$59,247	$150,000
Expenses	$81,610	$20,550
Qualifying Distributions	$80,186	—
Net Investment Income	$7,823	—
Distributable Amount	$7,865	—

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

8 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include New Brunswick Islamic Center ($49,000), Noor-ul-iman School ($16,330), Launchgood Inc ($5,250).

Recipient	Purpose	Amount
NEW BRUNSWICK ISLAMIC CENTER NORTH BRUNSWICK, NJ	CHARITABLE DONATION	$49,000
NOOR-UL-IMAN SCHOOL MONMOUTH JUNCTION, NJ	CHARITABLE DONATION	$16,330
ISLAMIC SOCIETY OF CENTRAL JERSEY MONMOUTH JUNCTION, NJ	CHARITABLE DONATION	$2,500
CENTER FOR ISLAMIC LIFE AT RUTGERS UNIVERSITY NEW BRUNSWICK, NJ	CHARITABLE DONATION	$2,575
AL-MADINA INSTITUTE COLUMBIA, MD	CHARITABLE DONATION	$1,044
LAUNCHGOOD INC DETROIT, MI	CHARITABLE DONATION	$5,250
ACTBLUE - MKHAIRULLAH SOMERVILLE, MA	CHARITABLE DONATION	$3,330

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
FARRUKH CHAUDHRY	PRESIDENT	1	—

Subject Areas

Focus areas based on grantmaking activity

Human Services

Frequently Asked Questions

What is Siddiq Foundation Inc?

Siddiq Foundation Inc is a private foundation focused on Human Services, based in PISCATAWAY, NJ. It holds $166K in total assets as of 2024.

How large is Siddiq Foundation Inc?

As of 2024, Siddiq Foundation Inc holds $166K in total assets with $59K in annual revenue. It awarded 7 grants totaling $80K in 2024.

Where does Siddiq Foundation Inc operate?

Siddiq Foundation Inc has awarded grants in Massachusetts, Maryland, Michigan, New Jersey.

What size grants does Siddiq Foundation Inc award?

In 2024, Siddiq Foundation Inc awarded 7 grants totaling $80K — an average of about $11K per grant, based on its IRS Form 990 filings.

How much is Siddiq Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Siddiq Foundation Inc reported a distributable amount of $8K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.