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Alex And Marie Manoogian Foundation is a private corporation based in DEARBORN, MI. The foundation received its IRS ruling in 1943. It holds total assets of $13.7M. Annual income is reported at $4.3M. Total assets have decreased from $49.4M in 2011 to $14.5M in 2023. The foundation is governed by 3 officers and trustees. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2023. The foundation primarily funds organizations in Michigan and California. According to available records, Alex And Marie Manoogian Foundation has made 21 grants totaling $5.1M, with a median grant of $92K. Annual giving has grown from $1.3M in 2020 to $2.7M in 2022. Individual grants have ranged from $15K to $997K, with an average award of $244K. The foundation has supported 11 unique organizations. Grants have been distributed to organizations in Michigan and California. Contributions to this foundation are tax-deductible.
Smallest Grant
$15K
Median Grant
$53K
Average Grant
$146K
Largest Grant
$750K
Based on 9 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.
Alex And Marie Manoogian Foundation is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 21 grants. Its grantmaking reaches organizations primarily in MI, CA.
Alex And Marie Manoogian Foundation has distributed a total of $5.1M across 21 grants. The median grant size is $92K, with an average of $244K. Individual grants have ranged from $15K to $997K.
Alex And Marie Manoogian Foundation typically selects its grantees rather than accepting unsolicited proposals.
Alex And Marie Manoogian Foundation is headquartered in DEARBORN, MI. While based in MI, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Richard A Manoogian | Chairman/Treasu | $300K | $0 | $300K |
| Eugene A Gargaro Jr | President/Secre | $300K | $0 | $300K |
| Jane C Manoogian | Vice President | $0 | $0 | N/A |
Total Giving
$2.7M
Total Assets
$14.5M
Fair Market Value
$15.3M
Net Worth
$14.5M
Grants Paid
$1.2M
Contributions
N/A
Net Investment Income
$157K
Distribution Amount
$8.6M
Total: $2.3M
Total Grants
21
Total Giving
$5.1M
Average Grant
$244K
Median Grant
$92K
Unique Recipients
11
Most Common Grant
$50K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| See Attached ScheduleOPERATING FUND/RELIGIOUS/CULTURAL | Dearborn, MI | $997K | 2022 |
| Detroit Institute Of ArtsOPERATING FUND/RELIGIOUS/CULTURAL | Detroit, MI | $750K | 2021 |
| Armenian Apostolic Society IncOPERATING FUND/ RELIGIOUS/CULTURAL | Southfield, MI | $124K | 2021 |
| Agbu HarcOPERATING FUND/CHARITABLE | Southfield, MI | $80K | 2021 |
| Child Safe MichiganOPERATING FUND/CHARITABLE | Royal Oak, MI | $80K | 2021 |
| American University Of Armenia CorpOPERATING FUND/EDUCATIONAL | Oakland, CA | $50K | 2021 |
| Mayor'S Residence SocietyOPERATING FUND/CHARITABLE | Dearborn, MI | $50K | 2021 |
| University Of Michigan -College OfEDUCATIONAL | Ann Arbor, MI | $200K | 2020 |
| St John'S Armenian ChurchRELIGIOUS/CULTURAL | Southfield, MI | $53K | 2020 |
| University Of MichiganCHARITABLE | Ann Arbor, MI | $25K | 2020 |
| Forgotten HarvestCHARITABLE | Oak Park, MI | $15K | 2020 |