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Jack Munushian Charitable Trust is a private corporation based in LOS ANGELES, CA. The foundation received its IRS ruling in 2006. It holds total assets of $7.6M. Annual income is reported at $1.1M. N/A - CHARITABLE ACTIVITIES ARE LIMITED TO GRANT MAKING. According to available records, Jack Munushian Charitable Trust has made 8 grants totaling $3M, with a median grant of $375K. Annual giving has decreased from $1.5M in 2020 to $750K in 2022. Individual grants have ranged from $250K to $500K, with an average award of $375K. The foundation has supported 2 unique organizations. Grants have been distributed to organizations in New York and California. Contributions to this foundation are tax-deductible.
N/A - CHARITABLE ACTIVITIES ARE LIMITED TO GRANT MAKING.
N/A - CHARITABLE ACTIVITIES ARE LIMITED TO GRANT MAKING. Based on available records, the foundation has funded 8 grants. Its grantmaking reaches organizations primarily in NY, CA.
Jack Munushian Charitable Trust has distributed a total of $3M across 8 grants. The median grant size is $375K, with an average of $375K. Individual grants have ranged from $250K to $500K.
Jack Munushian Charitable Trust typically selects its grantees rather than accepting unsolicited proposals.
Jack Munushian Charitable Trust is headquartered in LOS ANGELES, CA. While based in CA, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Gary R Phillips | CO-TRUSTEE | $61K | $0 | $61K |
| Zouhrab Bassmajian | CO-TRUSTEE | $34K | $0 | $34K |
Total Giving
$901K
Total Assets
$7.5M
Fair Market Value
$14.4M
Net Worth
$5.7M
Grants Paid
$750K
Contributions
$0
Net Investment Income
$799K
Distribution Amount
$704K
Total: $3M
Total Grants
8
Total Giving
$3M
Average Grant
$375K
Median Grant
$375K
Unique Recipients
2
Most Common Grant
$250K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Armenian General Benevolent UnionTO SUPPORT GENERAL EDUCATION AND ARMENIAN PROGRAMS | New York, NY | $500K | 2022 |
| American University Of Armenia CorporationTO SUPPORT GENERAL OPERATIONS, SCHOLARSHIPS FOR VETERANS AND WOMEN IN TECH | Oakland, CA | $250K | 2022 |
BOCA RATON, FL
ARLINGTON, VA
OVERLAND PARK, KS
LOS ANGELES, CA
GLENDALE, CA
| 2017 | 990PF | View |
| 2016 | 990PF | View |
| 2015 | 990PF | View |
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