The Merali Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RAPID CITY, SD. IRS filing data is available from 2020 through 2023. As of 2023, the organization holds $7.0M in total assets. In 2023, it awarded 3 grants totaling $298K. Net investment income was $188K.
Financial Overview
From 2023 IRS Form 990-PF · View filing
Total Assets
$7.0M
-2.0% YoY
Annual Giving
$298K
+39.9% YoY
Grant Count
3
-25.0% YoY
Avg Grant Size
$99K
+86.5% YoY
Under IRS private-foundation payout rules, The Merali Foundation reported a distributable amount of $325K for 2023 — the minimum it must pay out in qualifying distributions.
About The Merali Foundation
Based on IRS filings
The Merali Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RAPID CITY, SD. IRS filing data is available from 2020 through 2023. As of 2023, the organization holds $7.0M in total assets. In 2023, it awarded 3 grants totaling $298K. Net investment income was $188K.
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 | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $7,020,650 | $7,163,536 | $7,085,620 |
| Revenue | $237,469 | $206,329 | $257,587 |
| Expenses | $390,780 | $300,721 | $418,311 |
| Qualifying Distributions | $341,407 | $256,368 | $346,426 |
| Net Investment Income | $188,096 | $161,976 | $185,703 |
| Distributable Amount | $325,262 | $316,875 | $366,512 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2023
Grant Size Distribution
14 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2023 grants, the largest include Asia Foundation ($270,405), Foundation to Support Education ($17,900), The Nagourney Institute ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| FOUNDATION TO SUPPORT EDUCATION HAMEL, MN | FINANCE EDUCATION FOR WOMEN IN DEVELOPING COUTRIES | $17,900 |
| ASIA FOUNDATION SAN FRANCISCO, CA | FINANCE EDUCATION FOR WOMEN IN DEVELOPING COUTRIES | $270,405 |
| THE NAGOURNEY INSTITUTE LONG BEACH, CA | CANCER RESEARCH AND TREATEMENT CENTER | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2023 IRS filing
From 2023 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KARIM MERALI | PRESIDENT | 5 | — |
| MEHDI MERALI | VICE PRESIDENT & DIRECTOR | 30 | $40,000 |
| AZIM MERALI | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Merali Foundation?
The Merali Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RAPID CITY, SD. It holds $7.0M in total assets as of 2023.
How large is The Merali Foundation?
As of 2023, The Merali Foundation holds $7.0M in total assets with $237K in annual revenue. It awarded 3 grants totaling $298K in 2023.
Where does The Merali Foundation operate?
The Merali Foundation has awarded grants in California, Minnesota.
What size grants does The Merali Foundation award?
In 2023, The Merali Foundation awarded 3 grants totaling $298K — an average of about $99K per grant, based on its IRS Form 990 filings.
How much is The Merali Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2023, The Merali Foundation reported a distributable amount of $325K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Merali Foundation's EIN?
The Merali Foundation's EIN (Employer Identification Number) is 26-0875013. IRS Form 990 filing data is available on this page for 2020–2023.
Explore Open Grants
Browse active grant opportunities in The Merali 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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