The Khan Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHICAGO, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $6.4M in total assets. In 2024, it awarded 4 grants totaling $4.2M. Net investment income was $3.4M.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$6.4M
+2.4% YoY
Annual Giving
$4.2M
+15.2% YoY
Grant Count
4
+100.0% YoY
Avg Grant Size
$1.0M
-42.4% YoY
Under IRS private-foundation payout rules, The Khan Foundation Inc reported a distributable amount of $168K for 2024 — the minimum it must pay out in qualifying distributions.
About The Khan Foundation Inc
Based on IRS filings
The Khan Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHICAGO, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $6.4M in total assets. In 2024, it awarded 4 grants totaling $4.2M. Net investment income was $3.4M.
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 | $6,383,629 | $6,233,161 | $6,410,093 |
| Revenue | $7,950,262 | $3,522,382 | $7,242,371 |
| Expenses | $4,270,568 | $3,699,169 | $3,949,356 |
| Qualifying Distributions | $4,160,000 | $3,610,000 | $3,910,000 |
| Net Investment Income | $3,446,432 | $2,667,858 | $3,319,378 |
| Distributable Amount | $167,976 | $154,061 | $120,710 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
14 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include University of Illinois Foundation ($3,600,000), MOCA Jacksonville ($500,000), After School All Stars ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| University of Illinois Foundation Champaign, IL | Sinfonia da Camera 100,000; Khan Veterinary Center 3,000,000; and Khan Building Fund 500,000 | $3,600,000 |
| 40 North Champaigm, IL | General Operating | $10,000 |
| MOCA Jacksonville Jacksonville, FL | General Operating | $500,000 |
| After School All Stars Los Angeles, CA | General Operating | $50,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Ann Khan | Pres Sec Dir | 1 | — |
| Shadid Khan | VP Dir | 1 | — |
| Antony Khan | VP Dir | 1 | — |
| Samia Khan | VP | 1 | — |
| Zakia Khan | VP | 1 | — |
| Thomas D Clarkson | Treas | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Khan Foundation Inc?
The Khan Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHICAGO, IL. It holds $6.4M in total assets as of 2024.
How large is The Khan Foundation Inc?
As of 2024, The Khan Foundation Inc holds $6.4M in total assets with $8.0M in annual revenue. It awarded 4 grants totaling $4.2M in 2024.
Where does The Khan Foundation Inc operate?
The Khan Foundation Inc has awarded grants in California, Florida, Illinois.
What size grants does The Khan Foundation Inc award?
In 2024, The Khan Foundation Inc awarded 4 grants totaling $4.2M — an average of about $1.0M per grant, based on its IRS Form 990 filings.
How much is The Khan Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Khan Foundation Inc reported a distributable amount of $168K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Khan Foundation Inc's EIN?
The Khan Foundation Inc's EIN (Employer Identification Number) is 20-0461026. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Khan 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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