WAQF Endowment Fund
WAQF Endowment Fund is a private foundation focused on religion, based in Pasadena, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $10.2M in total assets. In 2024, it awarded 6 grants totaling $150K. Net investment income was $112K.
WAQF Endowment Fund at a glance
In short: WAQF Endowment Fund gave $150K across 6 grants in 2024 (avg $25K), mostly in California. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $150,000
- +50.0% vs 2023
- Grants made (2024)
- 6
- +20.0% vs 2023
- Average grant
- $25,000
- +25.0% vs 2023
- Median grant
- $29,500
- Total assets
- $10,204,648
- -0.9% vs 2023
- Primary geography
- California (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who WAQF Endowment Fund funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
The largest 2024 recipient was New Horizons School - Pasadena ($35K). Together the top 4 received $104K.
Organizations only. It also paid 2 grants to individuals ($46,000), which are not listed by name.
Grant Size Distribution
32 grants across all recorded years
The most common grant size was under $50K: 31 grants of 32 (97%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 6 itemized grants.
States
Cities
How WAQF Endowment Fund gives
- Giving grew 50% from 2021 to 2024. Method
- In 2024 it paid out 141% of 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 2024, annual grant giving ranged from $100K (2021) to $303K (2020). In 2024 it made 6 grants totaling $150K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 2 grants to individuals Recipients not named | — | $46,000 |
| New Horizons School - Pasadena Pasadena, CA | Further Islamic Education | $35,000 |
| New Horizons School - Irvine Irvine, CA | Further Islamic Education | $30,000 |
| Islamic Centers of SoCal Los Angeles, CA | Further Islamic Education | $29,000 |
| Mpac Los Angeles, CA | Further Islamic Education | $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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $10,204,648 | $71,220 | $228,617 | $150,000 | 6 | $193,770 | $112,431 | $137,683 |
| 2023 | $10,299,293 | $65,495 | $156,512 | $100,000 | 5 | $138,158 | $47,141 | $134,247 |
| 2022 | $10,416,040 | $55,779 | $155,495 | $100,000 | 7 | $35,703 | $35,987 | $136,785 |
| 2021 | $10,521,172 | $69,939 | $151,779 | $100,000 | 7 | $122,792 | $117,424 | $91,588 |
| 2020 | $10,527,554 | $56,273 | $345,558 | $303,000 | 7 | — | $99,232 | $36,066 |
Under IRS private-foundation payout rules, WAQF Endowment Fund reported a distributable amount of $138K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
WAQF Endowment Fund is led by Hala Alfi, Chairman since 2023 (on filings since 2020); none of the 6 officers listed in 2024 report compensation.
Officers on the 2024 filing
Hala Alfi
Chairman
Secretary → Chairman, 2023
On filings since 2020
1 hr/week
No compensation reported
Ahmed Alfi
Director
On filings since 2020
1 hr/week
No compensation reported
Amre Youness
Director
On filings since 2020
1 hr/week
No compensation reported
Aqueela Jaffer
Vice Chairman
On filings since 2020
1 hr/week
No compensation reported
Vedad Zaimovic
CFO
On filings since 2020
1 hr/week
No compensation reported
Iman Eletreby
Secretary
On filings since 2023
1 hr/week
No compensation reported
Former officers (2)
- Former: Abdelhamid Youness (2020–2022) — Director
- Former: Magdy El-Etreby (2020–2022) — Chairman
Data from IRS Form 990 filings, 2020–2024. "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 WAQF Endowment Fund
How much does WAQF Endowment Fund give each year?
WAQF Endowment Fund gave $150K across 6 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $100K across 5 grants.
What is WAQF Endowment Fund's typical grant size?
WAQF Endowment Fund's median grant in 2024 was $29,500, and its average grant was $25,000, across 6 grants on its 2024 IRS Form 990-PF.
Where does WAQF Endowment Fund give grants?
WAQF Endowment Fund gives mostly in California: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Los Angeles, CA (2 grants).
Does WAQF Endowment Fund give general operating support?
Not in 2024: none of the 6 grants with a stated purpose on WAQF Endowment Fund's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Further Islamic Education" (6 grants).
Who are WAQF Endowment Fund's largest grantees?
WAQF Endowment Fund's largest 2024 grantees include New Horizons School - Pasadena ($35,000), New Horizons School - Irvine ($30,000) and Islamic Centers of SoCal ($29,000), according to its 2024 IRS Form 990-PF. It also paid 2 grants to individuals ($46,000), which are not listed by name. Together they received 63% of its itemized 2024 grant dollars.
How large is WAQF Endowment Fund?
WAQF Endowment Fund reported $10.2M in total assets on its 2024 IRS Form 990-PF. It paid out $194K in qualifying distributions that year, against a required minimum of $138K (roughly 5% of its investment assets).
What is WAQF Endowment Fund?
WAQF Endowment Fund is a private foundation focused on religion, based in Pasadena, CA. It holds $10.2M in total assets as of 2024.
What is WAQF Endowment Fund's EIN?
WAQF Endowment Fund's EIN (Employer Identification Number) is 95-4611894. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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