WAQF Endowment Fund is a private foundation focused on Religion Related, 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.
Key facts about WAQF Endowment Fund
- EIN
- 95-4611894
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $150,000
- Grants made (2024)
- 6
- Average grant
- $25,000
- Median grant
- $29,500
- Total assets
- $10,204,648
- Primary geography
- California (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who WAQF Endowment Fund funds
By grant dollars, the top recipient states for WAQF Endowment Fund's 6 itemized 2024 grants were California (100%). The most frequent recipient cities were Los Angeles, CA (4 grants). None of its 6 grants with a stated purpose were described as general or operating support. Recurring purposes include "Further Islamic Education" (6 grants).
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.
Next steps with WAQF Endowment Fund
- How to evaluate WAQF Endowment Fund as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$10.2M
-0.9% YoY
Annual Giving
$150K
+50.0% YoY
Grant Count
6
+20.0% YoY
Avg Grant Size
$25K
+25.0% YoY
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.
About WAQF Endowment Fund
Based on IRS filings
WAQF Endowment Fund is a private foundation focused on Religion Related, 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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 6 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $10,204,648 | $10,299,293 | $10,416,040 |
| Revenue | $71,220 | $65,495 | $55,779 |
| Expenses | $228,617 | $156,512 | $155,495 |
| Qualifying Distributions | $193,770 | $138,158 | $35,703 |
| Net Investment Income | $112,431 | $47,141 | $35,987 |
| Distributable Amount | $137,683 | $134,247 | $136,785 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
32 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include New Horizons School - West LA ($40,000), New Horizons School - Pasadena ($35,000), New Horizons School - Irvine ($30,000).
| Recipient | Purpose | Amount |
|---|---|---|
| New Horizons School - West LA Los Angeles, CA | Further Islamic Education | $40,000 |
| 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 |
| New Horizons School - Los Angeles Los Angeles, CA | Further Islamic Education | $6,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Amre Youness | Director | 1 | — |
| Hala Alfi | Chairman | 1 | — |
| Ahmed Alfi | Director | 1 | — |
| Iman Eletreby | Secretary | 1 | — |
| Vedad Zaimovic | CFO | 1 | — |
| Aqueela Jaffer | Vice Chairman | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is WAQF Endowment Fund?
WAQF Endowment Fund is a private foundation focused on Religion Related, based in Pasadena, CA. It holds $10.2M in total assets as of 2024.
How large is WAQF Endowment Fund?
As of 2024, WAQF Endowment Fund holds $10.2M in total assets with $71K in annual revenue. It awarded 6 grants totaling $150K in 2024.
Where does WAQF Endowment Fund operate?
WAQF Endowment Fund has awarded grants in California.
What size grants does WAQF Endowment Fund award?
In 2024, WAQF Endowment Fund awarded 6 grants totaling $150K — an average of about $25K per grant, based on its IRS Form 990 filings.
How much is WAQF Endowment Fund required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, WAQF Endowment Fund reported a distributable amount of $138K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.