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Cafesjian Family Foundation Inc. is a private corporation based in SHOREVIEW, MN. The foundation received its IRS ruling in 2016. The principal officer is Kathleen Baradaran. It holds total assets of $55.5M. Annual income is reported at $12.2M. The foundation is governed by 5 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 2016 to 2023. The foundation primarily funds organizations in Minnesota, California and New York. According to available records, Cafesjian Family Foundation Inc. has made 10 grants totaling $22.2M, with a median grant of $1.5M. Annual giving has grown from $520K in 2021 to $1.7M in 2023. Grantmaking activity was highest in 2022 with $20M distributed across 6 grants. Individual grants have ranged from $3K to $5M, with an average award of $2.2M. The foundation has supported 4 unique organizations. Grant recipients are concentrated in Minnesota. Contributions to this foundation are tax-deductible.
Smallest Grant
$10K
Median Grant
$25K
Average Grant
$165K
Largest Grant
$1.1M
Based on 7 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.
Cafesjian Family Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 10 grants. Its grantmaking reaches organizations primarily in MN.
Cafesjian Family Foundation Inc. has distributed a total of $22.2M across 10 grants. The median grant size is $1.5M, with an average of $2.2M. Individual grants have ranged from $3K to $5M.
Cafesjian Family Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Cafesjian Family Foundation Inc. is headquartered in SHOREVIEW, MN. The foundation primarily funds organizations in Minnesota, California, New York.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Phil Oman | TREASURER | $51K | $11K | $62K |
| Kathleen Baradaran | CHAIRPERSON, PRESIDENT & SECRETARY | $48K | $6K | $54K |
| Jaffar Baradaran | DIRECTOR | $0 | $0 | N/A |
| Thomas Cafesjian | DIRECTOR | $0 | $0 | N/A |
| Carrie J Martinson | DIRECTOR | $0 | $0 | N/A |
Total Giving
$2M
Total Assets
$55.4M
Fair Market Value
$55.4M
Net Worth
$55.4M
Grants Paid
$1.7M
Contributions
N/A
Net Investment Income
$783K
Distribution Amount
$1.7M
Total: $34.1M
Total Grants
10
Total Giving
$22.2M
Average Grant
$2.2M
Median Grant
$1.5M
Unique Recipients
4
Most Common Grant
$5M
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Cafesjian Art TrustGENERAL SUPPORT | Shoreview, MN | $5M | 2022 |
| Cmf Armenia (The Cafesjian Center For The Arts)GENERAL OPERATING EXPENSES | — | $1.7M | 2023 |
| Our Fair Carousel IncGENERAL OPERATING EXPENSES | St Paul, MN | $3K | 2023 |
| St Sahag Armenian ChurchFELLOWSHIP HALL REMODELING | St Paul, MN | $20K | 2021 |