The Ikhlas Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FRANKLIN, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $222K in total assets. In 2024, it awarded 2 grants totaling $2K. Net investment income was $2K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$222K
+22.6% YoY
Annual Giving
$2K
Grant Count
2
Avg Grant Size
$1K
Under IRS private-foundation payout rules, The Ikhlas Foundation reported a distributable amount of $10K for 2024 — the minimum it must pay out in qualifying distributions.
About The Ikhlas Foundation
Based on IRS filings
The Ikhlas Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FRANKLIN, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $222K in total assets. In 2024, it awarded 2 grants totaling $2K. Net investment income was $2K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $221,726 | $180,885 | $180,487 |
| Revenue | $34,650 | $982 | $-28,209 |
| Expenses | $4,713 | $3,535 | $1,916 |
| Qualifying Distributions | $2,000 | — | — |
| Net Investment Income | $1,650 | $1,101 | $1,083 |
| Distributable Amount | $9,891 | $8,884 | $9,811 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
2 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include National Arab American Medical Association ($1,000), Zaman International ($1,000).
| Recipient | Purpose | Amount |
|---|---|---|
| NATIONAL ARAB AMERICAN MEDICAL ASSOCIATION TROY, MI | GENERAL SUPPROT | $1,000 |
| ZAMAN INTERNATIONAL INKSTER, MI | GENERAL SUPPORT | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOFFER H HAKIM | PRESIDENT | — | — |
| NISHATH HAKIM | VIC-PRES | — | — |
| HUSSIEN HAKIM | SECRETARY | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Ikhlas Foundation?
The Ikhlas Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FRANKLIN, MI. It holds $222K in total assets as of 2024.
How large is The Ikhlas Foundation?
As of 2024, The Ikhlas Foundation holds $222K in total assets with $35K in annual revenue. It awarded 2 grants totaling $2K in 2024.
Where does The Ikhlas Foundation operate?
The Ikhlas Foundation has awarded grants in Michigan.
What size grants does The Ikhlas Foundation award?
In 2024, The Ikhlas Foundation awarded 2 grants totaling $2K — an average of about $1K per grant, based on its IRS Form 990 filings.
How much is The Ikhlas Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Ikhlas Foundation reported a distributable amount of $10K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Ikhlas Foundation's EIN?
The Ikhlas Foundation's EIN (Employer Identification Number) is 37-1462479. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Ikhlas Foundation'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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