The Khan Foundation Inc
The Khan Foundation Inc is a private foundation, based in Chicago, IL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $4.4M in total assets. In 2025, it awarded 4 grants totaling $4.4M. Net investment income was $609K.
The Khan Foundation Inc at a glance
In short: The Khan Foundation Inc gave $4.4M across 4 grants in 2025 (avg $1.1M), mostly in Illinois. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $4,360,000
- +4.8% vs 2024
- Grants made (2025)
- 4
- +0.0% vs 2024
- Average grant
- $1,090,000
- +4.8% vs 2024
- Median grant
- $375,000
- Total assets
- $4,369,159
- -31.6% vs 2024
- Primary geography
- Illinois (83% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Khan Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was University of Illinois Foundation ($3.6M). Together the top 4 received $4.4M.
Grant Size Distribution
12 grants across all recorded years
The most common grant size was under $50K: 4 grants of 12 (33%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
Cities
How The Khan Foundation Inc gives
- Giving held roughly steady from 2022 to 2025 (+12%). Method
- In 2025 it paid out well above its IRS minimum distribution (the 5% rule). 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
From 2020 to 2025, annual grant giving ranged from $790K (2020) to $4.4M (2025). In 2025 it made 4 grants totaling $4.4M.
Grants by year
Grant recipients and amounts by year
| 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 |
| MOCA Jacksonville Jacksonville, FL | General Operating | $500,000 |
| Global Impact Washington DC, DC | General Operating | $250,000 |
| 40 North Champaigm, IL | General Operating | $10,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $4,369,159 | $5,173,311 | $4,469,043 | $4,360,000 | 4 | $4,360,000 | $609,092 | $228,349 |
| 2024 | $6,383,629 | $7,950,262 | $4,270,568 | $4,160,000 | 4 | $4,160,000 | $3,446,432 | $167,976 |
| 2023 | $6,233,161 | $3,522,382 | $3,699,169 | $3,610,000 | 2 | $3,610,000 | $2,667,858 | $154,061 |
| 2022 | $6,410,093 | $7,242,371 | $3,949,356 | $3,910,000 | 2 | $3,910,000 | $3,319,378 | $120,710 |
| 2021 | $6,124,524 | $3,881,018 | $32,058 | — | — | — | $238,960 | $179,186 |
| 2020 | $2,275,889 | $1,124,265 | $819,886 | $790,000 | 6 | — | $94,379 | $130,407 |
Under IRS private-foundation payout rules, The Khan Foundation Inc reported a distributable amount of $228K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Khan Foundation Inc is led by Shana Khan, President Secretary Director on the 2025 filing; none of the 5 officers listed in 2025 report compensation.
Officers on the 2025 filing
Shana Khan
President Secretary Director
New on the 2025 filing
1 hr/week
No compensation reported
Ann Khan
Director
President, Secretary & Director → President Secretary Director, 2021
President Secretary Director → Director, 2025
On filings since 2020
1 hr/week
No compensation reported
Antony Khan
Director
Vice President & Director → Vice President Director, 2021
Vice President Director → Director, 2025
On filings since 2020
1 hr/week
No compensation reported
Shahid Khan
Vice President Director
Vice President & Director → Vice President Director, 2021
On filings since 2020
1 hr/week
No compensation reported
Jeff Miller
Treasurer
New on the 2025 filing
1 hr/week
No compensation reported
Former officers (3)
- Former: Samia Khan (2020–2024) — Vice President
- Former: Thomas D Clarkson (2020–2024) — Treasurer
- Former: Zakia Khan (2020–2024) — Vice President
Data from IRS Form 990 filings, 2020–2025. "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 Khan Foundation Inc
How much does The Khan Foundation Inc give each year?
The Khan Foundation Inc gave $4.4M across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $4.2M across 4 grants.
What is The Khan Foundation Inc's typical grant size?
The Khan Foundation Inc's median grant in 2025 was $375,000, and its average grant was $1,090,000, across 4 grants on its 2025 IRS Form 990-PF.
Where does The Khan Foundation Inc give grants?
The Khan Foundation Inc gives mostly in Illinois: 83% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Florida (11%) and District of Columbia (6%).
Does The Khan Foundation Inc give general operating support?
Yes: 75% of The Khan Foundation Inc's 2025 grants with a stated purpose (3 of 4) were for general or operating support, per its 2025 IRS Form 990-PF.
How large is The Khan Foundation Inc?
The Khan Foundation Inc reported $4.4M in total assets on its 2025 IRS Form 990-PF. It paid out $4.4M in qualifying distributions that year, against a required minimum of $228K (roughly 5% of its investment assets).
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 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 5, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 6, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 6, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 23, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 30, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 4, 2026)
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