Faris Foundation

Organization Overview

Faris Foundation is located in Sugar Land, TX. The organization was established in 2019. According to its NTEE Classification (G30) the organization is classified as: Cancer, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Faris Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Faris Foundation generated $1.4m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $505.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE FARIS FOUNDATION BRINGS BRIGHTER DAYS AND BETTER TREATMENTS TO CHILDREN WITH CANCER.

Describe the Organization's Program Activity:

Part 3 - Line 4a

CHILDHOOD CANCER RESEARCH - WE CAREFULLY VET AND FUND ORIGINAL AND TRANSFORMATIVE RESEARCH IN AREAS WHERE THERE IS HIGH NEED AND A HIGH POTENTIAL FOR IMPACT. OUR FOCUS IS ON RARE CANCERS WHERE THE MORTALITY RATE HAS NOT CHANGED IN DECADES.


ART PARTIES - WE BELIEVE EVERY CHILD SHOULD HAVE ACCESS TO ART AS A PART OF THEIR PLAN OF CARE. THE FARIS FOUNDATION WORKS TO EMBED HIGHLY QUALIFIED, MASTERS-TRAINED ART THERAPISTS AND MUSIC THERAPISTS WITHIN CHILDREN'S CANCER CENTERS ACROSS THE COUNTRY. IN ADDITION, WE PROVIDE ONGOING ART PARTIES AT NUMEROUS CHILDREN'S CANCER CENTERS WHICH ENGAGE PROFESSIONAL ARTISTS/ARTS EDUCATORS IN THE CONCEPTUALIZATION OF UNIQUE PROJECTS FOR EACH OF THESE EVENTS AND INVITE THE PARTICIPATION OF VOLUNTEERS FROM THE COMMUNITY FOR THE EVENT ITSELF.


LET THERE BE GOLD - LET THERE BE GOLD IS OUR ANNUAL CHILDHOOD CANCER AWARENESS AND PUBLIC ENGAGEMENT CAMPAIGN. EVERY SEPTEMBER WE HOLD GOLD CELEBRATIONS IN CHILDREN'S CANCER CENTERS AND GALVANIZE COMMUNITIES AROUND THE CAUSE.


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Board, Officers & Key Employees

Name (title)Compensation
Asha Jamal Virani
President
$0
Zahra Dossa
Secretary And Treasurer
$0
Farid Virani
Vice President
$0
Susan Blaney
Director
$0
Krista Babine
Director
$0
Naushad Kermally
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$843,490
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$843,490
Total Program Service Revenue$0
Investment income $74,255
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$11
Net Income from Fundraising Events $518,185
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,439,177

Grants Awarded

Over the last fiscal year, Faris Foundation has awarded $399,999 in support to 3 organizations.

Grant RecipientAmount

TEXAS CHILDREN'S CANCER CENTER

Org PageRecipient Profile

Houston, TX

PURPOSE: FUNDING HEROS 3.0 TRIAL, A PH.1 STUDY IN IMT USING CERT-T CELLS IN SOLID REFRACTORY TUMORS.

$233,333

MD ANDERSON

PURPOSE: TO ESTABLISH/SUPPORT THE POSITION OF THE MUSIC THERAPIST.

$83,333

TEXAS CHILDREN'S CANCER CENTER

Org PageRecipient Profile

Houston, TX

PURPOSE: TO ESTABLISH/SUPPORT THE POSITION OF THE ART THERAPIST.

$83,333
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Faris Foundation has recieved totaling $95,783.

Awarding OrganizationAmount
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$50,349
Relief Haven Foundation

Lehi, UT

PURPOSE: GENERAL FUND

$25,000
Goldman Sachs Philanthropy Fund

New York, NY

PURPOSE: MEDICAL / PUBLIC SERVICES

$20,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$434
View Grant Recipient Profile

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