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Also known as: Foundation Inc
Jirair S And Elizabeth Hovnanian Foundation Inc. is a private corporation based in MOUNT LAUREL, NJ. The foundation received its IRS ruling in 1999. The principal officer is % The Foundation. It holds total assets of $6.4M. Annual income is reported at $2M. The foundation operates in the area of philanthropy & grantmaking. According to available records, Jirair S And Elizabeth Hovnanian Foundation Inc. has made 25 grants totaling $1.6M, with a median grant of $35K. Annual giving has grown from $500K in 2022 to $1.1M in 2023. Individual grants have ranged from $250 to $300K, with an average award of $63K. The foundation has supported 20 unique organizations. The foundation primarily supports organizations in Pennsylvania, California, New Jersey, which account for 84% of all grants. Grantmaking reaches organizations across 6 states. Contributions to this foundation are tax-deductible.
Jirair S And Elizabeth Hovnanian Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 25 grants. Its grantmaking reaches organizations primarily in PA, CA, NJ.
Jirair S And Elizabeth Hovnanian Foundation Inc. has distributed a total of $1.6M across 25 grants. The median grant size is $35K, with an average of $63K. Individual grants have ranged from $250 to $300K.
Jirair S And Elizabeth Hovnanian Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Jirair S And Elizabeth Hovnanian Foundation Inc. is headquartered in MOUNT LAUREL, NJ. While based in NJ, the foundation distributes grants to organizations across 6 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Stephen J Hovnanian | TRUSTEE | $0 | $0 | $0 |
| Peter J Hovnanian | TRUSTEE | $0 | $0 | $0 |
Total Giving
$1.2M
Total Assets
$5.8M
Fair Market Value
$8M
Net Worth
$5.8M
Grants Paid
$1.1M
Contributions
$0
Net Investment Income
$575K
Distribution Amount
$402K
Total: $5.5M
Total Grants
25
Total Giving
$1.6M
Average Grant
$63K
Median Grant
$35K
Unique Recipients
20
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| ChopUNRESTRICTED | Philadelphia, PA | $10K | 2022 |
| Armenian Sisters AcademyUNRESTRICTED | Radnor, PA | $300K | 2023 |
| Armenian Eyecare ProjectUNRESTRICTED | San Dimas, CA | $201K | 2023 |
| St Gregory The Illuminator Armenian Apostolic ChUNRESTRICTED | Philadelphia, PA | $160K | 2023 |
| Society For Orphan Armenian ReliefUNRESTRICTED | Radnor, PA | $149K |
| 2017 | 990PF | View |
| 2016 | 990PF | View |
| 2023 |
| Holy Trinity Armenian ChurchUNRESTRICTED | North Hollywood, CA | $70K | 2023 |
| Frontline TherapistsUNRESTRICTED | Northridge, CA | $35K | 2023 |
| Hidden Roads InitiativeUNRESTRICTED | Fresno, CA | $35K | 2023 |
| Joseph Lacroce FoundationUNRESTRICTED | Haddonfield, NJ | $32K | 2023 |
| Boy Scouts Of AmericaUNRESTRICTED | Irving, TX | $31K | 2023 |
| Childrens Hospital Of PhiladelphiaUNRESTRICTED | Philadelphia, PA | $30K | 2023 |
| Grounds For ScultpureUNRESTRICTED | Hamilton, NJ | $25K | 2023 |
| Perkins Center For ArtsUNRESTRICTED | Moorestown, NJ | $10K | 2023 |
| Armenia Eyecare ProjectUNRESTRICTED | San Dimas, CA | $100K | 2022 |
| Diocese Of The Armenian Church Of AmericaUNRESTRICTED | New York, NY | $50K | 2022 |
| Philadelphia Musuem Of ArtsUNRESTRICTED | Philadelphia, PA | $40K | 2022 |
| Society For Orphaned Armenian ReliefUNRESTRICTED | Radnor, PA | $40K | 2022 |
| All For ArmeniaUNRESTRICTED | Chatsworth, CA | $18K | 2022 |
| Armenian Assembly Of America IncUNRESTRICTED | Washington, DC | $1K | 2022 |
| Saint Stepanos Armenian ChurchUNRESTRICTED | Long Branch, NJ | $250 | 2022 |
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