Waleed B Ali Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ORLAND PARK, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $10K in total assets. In 2024, it awarded 4 grants totaling $40K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$10K
-79.3% YoY
Annual Giving
$40K
+102.6% YoY
Grant Count
4
-33.3% YoY
Avg Grant Size
$10K
+203.8% YoY
Under IRS private-foundation payout rules, Waleed B Ali Foundation reported a distributable amount of $1K for 2024 — the minimum it must pay out in qualifying distributions.
About Waleed B Ali Foundation
Based on IRS filings
Waleed B Ali Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ORLAND PARK, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $10K in total assets. In 2024, it awarded 4 grants totaling $40K.
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 | $10,400 | $50,223 | $30,213 |
| Revenue | — | $40,000 | — |
| Expenses | $39,823 | $19,990 | $23,170 |
| Qualifying Distributions | $39,500 | $19,500 | $22,500 |
| Net Investment Income | — | — | — |
| Distributable Amount | $1,464 | $1,037 | $2,447 |
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
19 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Universal School ($25,000), CAIR Chicago ($5,000), Amp ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CAIR Chicago Chicago, IL | Charitable | $5,000 |
| AMP Falls Church, VA | CHARITABLE | $5,000 |
| MAS Chicago Bridgeview, IL | CHARITABLE | $4,500 |
| Universal School Bridgeview, IL | CHARITABLE | $25,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Malik Ali | PRESIDENT | — | — |
| Iman Ali | Director | — | — |
| Badie M Ali | Director | — | — |
| Hamza M Ali | Director | — | — |
| Muna M Ali | Director | — | — |
| Yassmean M Ali | Director | — | — |
| Nadia W Ali | Director | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Waleed B Ali Foundation?
Waleed B Ali Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ORLAND PARK, IL. It holds $10K in total assets as of 2024.
How large is Waleed B Ali Foundation?
As of 2024, Waleed B Ali Foundation holds $10K in total assets. It awarded 4 grants totaling $40K in 2024.
Where does Waleed B Ali Foundation operate?
Waleed B Ali Foundation has awarded grants in California, Idaho, Illinois, North Carolina, Texas, Virginia.
What size grants does Waleed B Ali Foundation award?
In 2024, Waleed B Ali Foundation awarded 4 grants totaling $40K — an average of about $10K per grant, based on its IRS Form 990 filings.
How much is Waleed B Ali Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Waleed B Ali Foundation reported a distributable amount of $1K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Waleed B Ali Foundation's EIN?
Waleed B Ali Foundation's EIN (Employer Identification Number) is 16-1744342. 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.
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