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Jace Foundation is a private trust based in WESTLAKE VLG, CA. The foundation received its IRS ruling in 2022. The principal officer is David Essayan. It holds total assets of $2.2M. Annual income is reported at $1.7M. Total assets have grown from $500K in 2021 to $1.5M in 2023. The foundation is governed by 2 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 2021 to 2023. According to available records, Jace Foundation has made 4 grants totaling $70K, with a median grant of $18K. Individual grants have ranged from $15K to $20K, with an average award of $18K. The foundation has supported 2 unique organizations. Grants have been distributed to organizations in California and 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.
Jace Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 4 grants. Its grantmaking reaches organizations primarily in CA, NY.
Jace Foundation has distributed a total of $70K across 4 grants. The median grant size is $18K, with an average of $18K. Individual grants have ranged from $15K to $20K.
Jace Foundation typically selects its grantees rather than accepting unsolicited proposals.
Jace Foundation is headquartered in WESTLAKE VLG, CA. While based in CA, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| David Mark Essayan | Trustee | $0 | $0 | N/A |
| Susan Marie Jerian | Trustee | $0 | $0 | N/A |
Total Giving
$48K
Total Assets
$1.5M
Fair Market Value
$1.5M
Net Worth
$1.5M
Grants Paid
$42K
Contributions
$504K
Net Investment Income
$245K
Distribution Amount
$46K
Total: $520K
Total Grants
4
Total Giving
$70K
Average Grant
$18K
Median Grant
$18K
Unique Recipients
2
Most Common Grant
$20K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Aua American University Of ArmeniaScholarships | Glendale, CA | $20K | 2022 |
| Agbu Armenian General Benevolent UnGeneral Support | New York, NY | $15K | 2022 |
MENLO PARK, CA
LOS ANGELES, CA
PALO ALTO, CA