As a 501(c)(3) non-profit organization, the Zakat Foundation does not have traditional "owners" in the same way a for-profit company does. Instead, it was founded by Halil Demir.
Understanding the Zakat Foundation's Structure
The Zakat Foundation, also known as Zakat Foundation of America, operates as a non-profit entity dedicated to humanitarian efforts. Non-profit organizations are structured to serve a public benefit and are typically governed by a board of directors, rather than being "owned" by an individual or shareholders.
Key Details about The Zakat Foundation
To provide a comprehensive overview, here are some essential details about the Zakat Foundation, based on its foundational information:
| Aspect | Detail |
|---|---|
| Founder | Halil Demir |
| Founded | 2001 |
| Type | 501(c)(3) Non-Profit Organization |
| Location | Bridgeview, Illinois |
| Primary Focus Areas | Sustainable Development, Education, Health and Nutrition, Orphans and Child Welfare, Water and Sanitation, Emergency Relief and Disaster Preparedness |
The Role of a Founder in a Non-Profit
While Halil Demir is the founder, his role is primarily that of the individual who established the organization and its initial vision. In a 501(c)(3) structure, the organization itself is a distinct legal entity that is exempt from federal income tax under section 501(c)(3) of the Internal Revenue Code. This designation is granted to organizations that are organized and operated exclusively for religious, charitable, scientific, literary, or educational purposes.
The governance and oversight of the Zakat Foundation would typically fall to its board of directors, who are responsible for guiding its mission, ensuring financial accountability, and upholding its charitable objectives.
