The Ikhlas Foundation
The Ikhlas Foundation is a private foundation, 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.
The Ikhlas Foundation at a glance
In short: The Ikhlas Foundation gave $2K across 2 grants in 2024 (avg $1K), mostly in Michigan. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $2,000
- Grants made (2024)
- 2
- Average grant
- $1,000
- Median grant
- $1,000
- Total assets
- $221,726
- +22.6% vs 2023
- Primary geography
- Michigan (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Ikhlas Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was National Arab American Medical Association ($1K). Together the top 2 received $2K.
Grant Size Distribution
2 grants across all recorded years
The most common grant size was under $50K: 2 grants of 2 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
States
Cities
How The Ikhlas Foundation gives
- In 2024 it paid out 20% 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
In 2024 it made 2 grants totaling $2K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| National Arab American Medical Association Troy, MI | General Supprot | $1,000 |
| Zaman International Inkster, MI | General Support | $1,000 |
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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 | $221,726 | $34,650 | $4,713 | $2,000 | 2 | $2,000 | $1,650 | $9,891 |
| 2023 | $180,885 | $982 | $3,535 | — | — | — | $1,101 | $8,884 |
| 2022 | $180,487 | $-28,209 | $1,916 | — | — | — | $1,083 | $9,811 |
| 2021 | $218,540 | $75,942 | $1,552 | — | — | — | $942 | $8,827 |
| 2020 | $140,459 | $86,244 | $1,552 | — | — | — | $220 | — |
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.
Leadership & Key People
Officers and directors from IRS filings
The Ikhlas Foundation is led by Joffer H. Hakim, President on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Joffer H. Hakim
President
On filings since 2020
No compensation reported
Hussien Hakim
Secretary
Secertary → Secretary, 2021
On filings since 2020
No compensation reported
Nishath Hakim
Vic-Pres
On filings since 2020
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 The Ikhlas Foundation
How much does The Ikhlas Foundation give each year?
The Ikhlas Foundation gave $2K across 2 grants in 2024, according to its 2024 IRS Form 990-PF.
How large is The Ikhlas Foundation?
The Ikhlas Foundation reported $222K in total assets on its 2024 IRS Form 990-PF. It paid out $2K in qualifying distributions that year, against a required minimum of $10K (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.
Where does The Ikhlas Foundation operate?
The Ikhlas Foundation has awarded grants in Michigan.
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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Browse active grant opportunities in The Ikhlas Foundation's focus areas in our free grants database
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