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Cafesjian Art Trust is a private trust based in SHOREVIEW, MN. The foundation received its IRS ruling in 2016. The principal officer is % Kathleen Baradaran. It holds total assets of $76.6M. Annual income is reported at $12.4M. THE CAFESJIAN ART TRUST PURCHASED A BUILDING THAT IT INTENDED TO SERVE AS THE SITE OF A MUSEUM FOR CONTEMPORARY STUDIO ART GLASS. AFTER EXTENSIVE RESEARCH AND PLANNING, IT WAS DETERMINED THAT THIS BUILDING DID NOT PROVIDE THE OPTIMAL LOCATION FOR THE PROPOSED ART MUSEUM AND THE TRUST PLANS TO SELL THE BUILDING IN 2022. THE TRUST PURCHASED A NEW BUILDING THAT WILL SERVE AS THE GROUNDS FOR THE NEW MUSEUM, PRIMARILY FOR THE DISPLAY OF STUDIO ART GLASS, BUT WILL ALSO DISPLAY OTHER ART PIECES AT THE DISCRETION OF THE MUSEUM CURATOR. EXPENDITURES IN FURTHERANCE OF THE TRUST'S DIRECT CHARITABLE ACTIVITIES REPRESENT FUNDS USED TO PURCHASE AND RENOVATE THE NEW BUILDING. According to available records, Cafesjian Art Trust has made 2 grants totaling $104K, with a median grant of $52K. Grant recipients are concentrated in Minnesota. Contributions to this foundation are tax-deductible.
THE CAFESJIAN ART TRUST PURCHASED A BUILDING THAT IT INTENDED TO SERVE AS THE SITE OF A MUSEUM FOR CONTEMPORARY STUDIO ART GLASS. AFTER EXTENSIVE RESEARCH AND PLANNING, IT WAS DETERMINED THAT THIS BUILDING DID NOT PROVIDE THE OPTIMAL LOCATION FOR THE PROPOSED ART MUSEUM AND THE TRUST PLANS TO SELL THE BUILDING IN 2021. THE TRUST IS IN THE PROCESS OF PURCHASING A NEW BUILDING THAT WILL SERVE AS THE GROUNDS FOR THE NEW MUSEUM FOR CONTEMPORARY STUDIO ART GLASS. EXPENDITURES IN FURTHERANCE OF THE TRUST'S DIRECT CHARITABLE ACTIVITIES REPRESENT FUNDS SET-ASIDE TO PURCHASE AND RENOVATE THE NEW BUILDING.
Expenses: $1.2M
COSTS TO PROPERLY STORE AND MAINTAIN AS WELL AS DISPLAY ART THAT WILL ONE DAY BE MAINTAINED IN THE MUSEUM.
Expenses: $86K
THE CAFESJIAN ART TRUST PURCHASED A BUILDING THAT IT INTENDED TO SERVE AS THE SITE OF A MUSEUM FOR CONTEMPORARY STUDIO ART GLASS. AFTER EXTENSIVE RESEARCH AND PLANNING, IT WAS DETERMINED THAT THIS BUILDING DID NOT PROVIDE THE OPTIMAL LOCATION FOR THE PROPOSED ART MUSEUM AND THE TRUST PLANS TO SELL THE BUILDING IN 2022. THE TRUST PURCHASED A NEW BUILDING THAT WILL SERVE AS THE GROUNDS FOR THE NEW MUSEUM, PRIMARILY FOR THE DISPLAY OF STUDIO ART GLASS, BUT WILL ALSO DISPLAY OTHER ART PIECES AT THE DISCRETION OF THE MUSEUM CURATOR. EXPENDITURES IN FURTHERANCE OF THE TRUST'S DIRECT CHARITABLE ACTIVITIES REPRESENT FUNDS USED TO PURCHASE AND RENOVATE THE NEW BUILDING. Based on available records, the foundation has funded 2 grants. Its grantmaking reaches organizations primarily in MN.
Cafesjian Art Trust has distributed a total of $104K across 2 grants. The median grant size is $52K, with an average of $52K. Individual grants have ranged from $52K to $52K.
Cafesjian Art Trust typically selects its grantees rather than accepting unsolicited proposals.
Cafesjian Art Trust is headquartered in SHOREVIEW, MN.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Kathleen N Baradaran | PRESIDENT | $48K | $6K | $54K |
Total Giving
$1.7M
Total Assets
$75.3M
Fair Market Value
$75.3M
Net Worth
$75.3M
Grants Paid
$0
Contributions
$10K
Net Investment Income
$995K
Distribution Amount
$0
Total: $35.1M
Total Grants
2
Total Giving
$104K
Average Grant
$52K
Median Grant
$52K
Unique Recipients
1
Most Common Grant
$52K
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Minnesota State Fair Foundation4 ART PIECES | St Paul, MN | $52K | 2022 |
Other foundations that have funded Cafesjian Art Trust.
| Funder | Amount | Year | Purpose |
|---|---|---|---|
| Cafesjian Museum Foundation Inc. | $5.1M | 2022 | 58 ART PIECES MADE AVAILABLE FOR PUBLIC DISPLAY. |
| Cafesjian Family Foundation Inc. | $5M | 2022 | GENERAL SUPPORT |
| Cafesjian Family Foundation Inc. | $5M | 2022 | GENERAL SUPPORT |
| Cafesjian Family Foundation Inc. | $3.6M | 2022 | 114 PIECES OF ARTWORK |
| 2018 | 990PF | View |
| 2016 | 990PF | View |
| Cafesjian Family Foundation Inc. |
| $3.6M |
| 2022 |
| 114 PIECES OF ARTWORK |
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