Some clerics control enormous charitable foundations worth billions of dollars through donations from followers and budgets from the state, while others operate modest local mosques with minimal resources.
—
Narges Bajoghli,
Time,
13 Jan. 2026
Still, her median grant size, around $5 million, according to Yield Giving data analyzed by Fortune, dwarfs that of the roughly $123,000 median grant from typical foundations, Phil Buchanan, president of the Center for Effective Philanthropy, told The New York Times.
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