Arab Fund For Economic And Social Development

Organization Overview

Arab Fund For Economic And Social Development is located in null. The organization was established in 2002. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arab Fund For Economic And Social Development is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.

For the year ending 12/2022, Arab Fund For Economic And Social Development generated $271.2m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 26.7% each year . All expenses for the organization totaled $27.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO CONTRIBUTE TO THE FINANCING OF ECONOMIC & SOCIAL DEVELOPMENT IN THE ARAB STATES. THE ORGANIZATION PROVIDES TECHNICAL ASSISTANCE GRANTS & SUPPORTS A FELLOWSHIP PRGRM.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ARAB FUND'S PRIMARY ACTIVITY IS EXTENDING LOANS FOR PURPOSES OF FINANCING ECONOMIC AND SOCIAL DEVELOPMENT IN MEMBER STATES. THE CATEGORIES OF INFRASTRUCTURE AND PRODUCTIVE PURPOSES FOR WHICH LOANS ARE EXTENDED ARE AS FOLLOWS: TRANSPORT, TELECOMMUNICATIONS, ENERGY AND ELECTRICITY, WATER AND SEWAGE, INDUSTRY AND MINING, AGRICULTURE AND RURAL DEVELOPMENT.


THE ARAB FUND PROVIDES TECHNICAL ASSISTANCE GRANTS TO MEMBER STATES AND INTERNATIONAL ORGANIZATIONS AND ENTERPRISES LOCATED IN MEMBER STATES TO ENHANCE DEVELOPMENT OBJECTIVES OF ARAB STATES AND THEIR INSTITUTIONAL SUPPORT. TECHNICAL ASSISTANCE GRANTS MADE BY THE ARAB FUND ARE PRIMARILY AWARDED FOR: FEASIBILITY STUDIES AND PROJECT PREPARATION, INSTITUTIONAL SUPPORT AND TRAINING, GENERAL STUDIES AND RESEARCH, SEMINARS AND CONFERENCES, EMERGENCY PROGRAMS.


THE ARAB FUND FELLOWSHIPS PROGRAM WAS LAUNCHED IN DECEMBER 1987. THE PURPOSE OF THE PROGRAM IS TO PROVIDE ARAB PH.D. HOLDERS WHO HAVE EXCELLENT ACADEMIC TRACK RECORD WITH OPPORTUNITIES TO CONDUCT RESEARCH AND/OR LECTURE IN THE BEST UNIVERSITIES OF THE WORLD. THE PROGRAM IS ALSO EXPECTED TO BUILD BRIDGES BETWEEN ARAB AND FOREIGN UNIVERSITIES, WHICH WILL LEAD TO MUTUAL BENEFITS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Morgan Stanley Investment Bank
Portfolio Management
$2,189,196
Gulf International Bank - Gib
Portfolio Management
$1,043,350
Ahli United Bank - Aub
Portfolio Management
$681,298
Deyar United Trading Contracting
It Systems Upgrade
$346,008
Bada Al Mulla Co
Building Maintenance
$267,984
View All Vendors

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$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$196,763,135
Investment income $20,679,120
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $47,371,120
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $271,203,579

Grants Awarded

Over the last fiscal year, Arab Fund For Economic And Social Development has awarded $1,161,488 in support to 2 organizations.

Grant RecipientAmount

AMERICAN UNIVERSITY OF BEIRUT

PURPOSE: DISASTER RESPONSE FUND

$1,062,543

AMERICA MIDEAST EDUCATIONAL & TRAINING SVCS INC

PURPOSE: SCHOLARSHIP PROGRAM

$98,945
View Grant Profile

Peer Organizations

Organization NameAssets

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