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Akian Foundation is a private corporation based in VALENCIA, CA. The foundation received its IRS ruling in 2009. The principal officer is Lena K Akian. It holds total assets of $2.9M. Annual income is reported at $4.1M. Total assets have decreased from $4.9M in 2010 to $2.9M in 2022. The foundation is governed by 4 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2021 to 2023. The foundation primarily funds organizations in California and New York. According to available records, Akian Foundation has made 17 grants totaling $1.1M, with a median grant of $25K. Annual giving has grown from $364K in 2022 to $697K in 2023. Individual grants have ranged from $500 to $480K, with an average award of $62K. The foundation has supported 15 unique organizations. The foundation primarily supports organizations in California, New York, Florida, which account for 94% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$500
Median Grant
$25K
Average Grant
$33K
Largest Grant
$150K
Based on 11 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Akian Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 17 grants. Its grantmaking reaches organizations primarily in CA, NY, FL.
Akian Foundation has distributed a total of $1.1M across 17 grants. The median grant size is $25K, with an average of $62K. Individual grants have ranged from $500 to $480K.
Akian Foundation typically selects its grantees rather than accepting unsolicited proposals.
Akian Foundation is headquartered in VALENCIA, CA. While based in CA, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Zaven P Akian | DIRECTOR | $0 | $0 | N/A |
| Haig P Akian | PRESIDENT | $0 | $0 | N/A |
| Lena G Akian | CFO & VICE PRESIDENT | $0 | $0 | N/A |
| Lori J Stephan | SECRETARY | $0 | $0 | N/A |
Total Giving
$729K
Total Assets
$2.9M
Fair Market Value
$3.1M
Net Worth
$2.9M
Grants Paid
$697K
Contributions
$90K
Net Investment Income
$138K
Distribution Amount
$164K
Total Grants
17
Total Giving
$1.1M
Average Grant
$62K
Median Grant
$25K
Unique Recipients
15
Most Common Grant
$25K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| American University Of ArmeniaGENERAL FUND | Oakland, CA | $480K | 2023 |
| Western Diocese Armenian ChurchGENERAL FUND | Burbank, CA | $110K | 2023 |
| Armenian General Benevolent UnionGENERAL FUND | New York, NY | $54K | 2023 |
| Friends Of FastGENERAL FUND | Glendale, CA | $25K | 2023 |
| Orran Benevolent NgoGENERAL FUND | Los Angeles, CA | $25K | 2023 |
| Armenian Missionary AssociationGENERAL FUND | Paramus, NJ | $3K | 2023 |
| Western Diocese Of The Armenian ChurchGENERAL FUND | Burbank, CA | $150K | 2022 |
| Aldelphi UniversityGENERAL FUND | Garden City, NY | $30K | 2022 |
| One ArmeniaGENERAL FUND | Miami Beach, FL | $25K | 2022 |
| AncaGENERAL FUND | Glendale, CA | $25K | 2022 |
| Vem UsaGENERAL FUND | Glendale, CA | $25K | 2022 |
| St James Armenian ChurchGENERAL FUND | Los Angeles, CA | $21K | 2022 |
| OrranGENERAL FUND | Los Angeles, CA | $20K | 2022 |
| Armenia FundGENERAL FUND | Glendale, CA | $10K | 2022 |
| Friends Of The Armenian SoldierGENERAL FUND | Los Altos, CA | $3K | 2022 |
MENLO PARK, CA
LOS ANGELES, CA
PALO ALTO, CA