NEW YORK, NY

Avanessians Foundation

Quick Facts

EIN: 266671956
Location: NEW YORK, NY
Phone: (518) 640-5000
Category: Philanthropy & Grantmaking
Total Assets: $64M
Annual Income: $9.6M
IRS Ruling Year: 2009
Organization Type: Non-Operating Foundation
Principal Officer: % Goldman Sachs Pfo
Tax Deductibility: Contributions are deductible

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About This Foundation

Avanessians Foundation is a private trust based in NEW YORK, NY. The foundation received its IRS ruling in 2009. The principal officer is % Goldman Sachs Pfo. It holds total assets of $64M. Annual income is reported at $9.6M. THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT, BY CONTRIBUTIONS, OTHER CHARITABLE ORGANIZATIONS EXEMPT UNDER. According to available records, Avanessians Foundation has made 5 grants totaling $9.1M, with a median grant of $2.9M. Annual giving has grown from $2.9M in 2020 to $6.2M in 2022. Individual grants have ranged from $15K to $3.1M, with an average award of $1.8M. The foundation has supported 3 unique organizations. Grant recipients are concentrated in New York. Contributions to this foundation are tax-deductible.

Application Information

Preselected OnlyThis foundation typically selects grantees rather than accepting unsolicited proposals.

Frequently Asked Questions

What does Avanessians Foundation fund?

THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT, BY CONTRIBUTIONS, OTHER CHARITABLE ORGANIZATIONS EXEMPT UNDER. Based on available records, the foundation has funded 5 grants. Its grantmaking reaches organizations primarily in NY.

How much does Avanessians Foundation give in grants?

Avanessians Foundation has distributed a total of $9.1M across 5 grants. The median grant size is $2.9M, with an average of $1.8M. Individual grants have ranged from $15K to $3.1M.

How do I apply for a grant from Avanessians Foundation?

Avanessians Foundation typically selects its grantees rather than accepting unsolicited proposals.

Where is Avanessians Foundation located?

Avanessians Foundation is headquartered in NEW YORK, NY.

Key People & Compensation (2023)

Name	Title	Compensation	Benefits	Total
Armen A Avanessians	TRUSTEE	$0	$0	$0

990 Tax Filings

Year	Return Type	PDF
2023	990PF	View
2022	990PF	View
2021	990PF	View
2020	990PF

Research This Foundation

GuideStar / Candid ProPublica Nonprofit Explorer IRS Tax Exempt Status

Financial Overview

Total Giving

$5.4M

2023+65%

Total Assets

$60.5M

2023+4%

Fair Market Value

$66.3M

2023

Net Worth

$60.5M

2023

Grants Paid

$5.2M

2023

Contributions

$3M

2023

Net Investment Income

$5.7M

2023

Distribution Amount

$3.1M

2023

Total Giving by Year

Asset Growth

Revenue Over Time

Liabilities Over Time

Investment Portfolio (2023)

Total: $17.6M

Corporate Stock (2%)

Corporate Bonds (28%)

Other Investments (70%)

Expense Breakdown (2023)

Revenue Sources (2023)

Capital Gains (Net): $3.8M
Contributions: $3M
Dividends: $1.5M
Other Income: $309K
Interest: $176K

Financial Details (2023)

Total Revenue: $8.8M
Total Expenses: $5.4M
Exempt Purpose Expenses: $5.2M
Required Distribution: $3.1M
Undistributed Income: $2.4M
Total Liabilities: $1
Excise Tax: $79K

Foundation Classification (2023)

Operating FoundationNo

Grants to IndividualsNo

Non-Charity GrantsNo

Lobbying ActivityNo

Excess Business HoldingsNo

Grantmaking Insights

Total Grants

Total Giving

$9.1M

Average Grant

$1.8M

Median Grant

$2.9M

Unique Recipients

Most Common Grant

$15K

Grant Disbursements by Year

Grant Range

Min$15K

Max$3.1M

Median: $2.9M

Smallest grantLargest grant

Openness to New Grantees (2022)

of 2022 grantees were first-time recipients

Grant Size Distribution

Geographic Distribution of Grants

NY$9.1M (5)

Past Grantees

Recipient	Location	Amount	Year
Goldman Sachs GivesFOR GENERAL CHARITABLE PURPOSES ONLY	Albany, NY	$3.1M	2022
National Museum Of MathematicsFOR GENERAL CHARITABLE PURPOSES ONLY	New York, NY	$15K	2022
See Attached ListFor general charitable purposes only	New York, NY	$2.9M	2020