The Omar and Rula Asali Foundation 10-221740
The Omar and Rula Asali Foundation 10-221740 is a private foundation focused on Human Services, based in NEW YORK, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $309K in total assets. In 2024, it awarded 1 grants totaling $200K. Net investment income was $9K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$309K
-38.7% YoY
Annual Giving
$200K
+100.0% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$200K
+100.0% YoY
Under IRS private-foundation payout rules, The Omar and Rula Asali Foundation 10-221740 reported a distributable amount of $19K for 2024 — the minimum it must pay out in qualifying distributions.
About The Omar and Rula Asali Foundation 10-221740
Based on IRS filings
The Omar and Rula Asali Foundation 10-221740 is a private foundation focused on Human Services, based in NEW YORK, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $309K in total assets. In 2024, it awarded 1 grants totaling $200K. Net investment income was $9K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $308,530 | $503,052 | $591,353 |
| Revenue | $16,698 | $21,732 | $6,551 |
| Expenses | $211,220 | $110,048 | $135,715 |
| Qualifying Distributions | $202,000 | $102,000 | $126,200 |
| Net Investment Income | $8,698 | $13,732 | $1,751 |
| Distributable Amount | $18,845 | $26,366 | $30,296 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
10 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Virginia Tech Foundation ($200,000).
| Recipient | Purpose | Amount |
|---|---|---|
| VIRGINIA TECH FOUNDATION RICHMOND, VA | GENERAL | $200,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| HSBC BANK USA | ADMIN TRUSTEE | 1 | $10,000 |
| OMAR ASALI | TRUSTEE | 1 | — |
| RULA ASALI | TRUSTEE | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Omar and Rula Asali Foundation 10-221740?
The Omar and Rula Asali Foundation 10-221740 is a private foundation focused on Human Services, based in NEW YORK, NY. It holds $309K in total assets as of 2024.
How large is The Omar and Rula Asali Foundation 10-221740?
As of 2024, The Omar and Rula Asali Foundation 10-221740 holds $309K in total assets with $17K in annual revenue. It awarded 1 grants totaling $200K in 2024.
Where does The Omar and Rula Asali Foundation 10-221740 operate?
The Omar and Rula Asali Foundation 10-221740 has awarded grants in District of Columbia, New York, Virginia.
What size grants does The Omar and Rula Asali Foundation 10-221740 award?
In 2024, The Omar and Rula Asali Foundation 10-221740 awarded 1 grants totaling $200K — an average of about $200K per grant, based on its IRS Form 990 filings.
How much is The Omar and Rula Asali Foundation 10-221740 required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Omar and Rula Asali Foundation 10-221740 reported a distributable amount of $19K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Omar and Rula Asali Foundation 10-221740's EIN?
The Omar and Rula Asali Foundation 10-221740's EIN (Employer Identification Number) is 46-4221128. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.