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Gabrellian Family Foundation Inc. is a private corporation based in FRANKLIN LKS, NJ. The foundation received its IRS ruling in 2008. The principal officer is Gabrellian Associates. It holds total assets of $2.6M. Annual income is reported at $1.9M. Total assets have decreased from $2.5M in 2011 to $1.6M in 2023. The foundation is governed by 2 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. Tax records are available from 2016 to 2023. According to available records, Gabrellian Family Foundation Inc. has made 3 grants totaling $413K, with a median grant of $10K. Annual giving has grown from $13K in 2022 to $400K in 2023. Individual grants have ranged from $3K to $400K, with an average award of $138K. The foundation has supported 3 unique organizations. Grant recipients are concentrated in New York. Contributions to this foundation are tax-deductible.
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.
Gabrellian Family Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 3 grants. Its grantmaking reaches organizations primarily in NY.
Gabrellian Family Foundation Inc. has distributed a total of $413K across 3 grants. The median grant size is $10K, with an average of $138K. Individual grants have ranged from $3K to $400K.
Grants are intended for charitbale purposes within the meaning of code section 501(1)(c)(3) of the internal revenue code.
Gabrellian Family Foundation Inc. is headquartered in FRANKLIN LKS, NJ.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Mark Gabrellian | PRESIDENT | $0 | $0 | N/A |
| Ani Gabrellian | VICE-PRESIDENT | $0 | $0 | N/A |
Total Giving
$422K
Total Assets
$1.6M
Fair Market Value
$1.7M
Net Worth
$1.6M
Grants Paid
$400K
Contributions
N/A
Net Investment Income
$21K
Distribution Amount
$87K
Total: $1.5M
Total Grants
3
Total Giving
$413K
Average Grant
$138K
Median Grant
$10K
Unique Recipients
3
Most Common Grant
$3K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| University Of RochesterARTS, SCIENCES & ENGINEERING. | Rochester, NY | $400K | 2023 |
| Cornell UniversityANNUAL FUND | Ithaca, NY | $10K | 2022 |
| Bard Graduate CenterANNUAL FUND | New York, NY | $3K | 2022 |