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Kevork And Sirwart Hovnanian Family Foundation is a private trust based in MATAWAN, NJ. The foundation received its IRS ruling in 2003. The principal officer is Kevork S Hovnanian. It holds total assets of $1.4M. Annual income is reported at $1M. Total assets have decreased from $5M in 2011 to $1.4M in 2023. The foundation is governed by 6 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 2020 to 2023. The foundation primarily funds organizations in New York, New Jersey and Massachusetts. According to available records, Kevork And Sirwart Hovnanian Family Foundation has made 73 grants totaling $538K, with a median grant of $3K. The foundation has distributed between $62K and $251K annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $251K distributed across 36 grants. Individual grants have ranged from $200 to $61K, with an average award of $7K. The foundation has supported 34 unique organizations. The foundation primarily supports organizations in New York, New Jersey, Massachusetts, which account for 82% of all grants. Grantmaking reaches organizations across 7 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$250
Median Grant
$5K
Average Grant
$10K
Largest Grant
$61K
Based on 12 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.
Kevork And Sirwart Hovnanian Family Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 73 grants. Its grantmaking reaches organizations primarily in NY, NJ, MA.
Kevork And Sirwart Hovnanian Family Foundation has distributed a total of $538K across 73 grants. The median grant size is $3K, with an average of $7K. Individual grants have ranged from $200 to $61K.
Kevork And Sirwart Hovnanian Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Kevork And Sirwart Hovnanian Family Foundation is headquartered in MATAWAN, NJ. While based in NJ, the foundation distributes grants to organizations across 7 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Lucy K Kalian | TRUSTEE | $0 | $0 | N/A |
| Sirwart K Hovnanian | TRUSTEE | $0 | $0 | N/A |
| Sossie K Najarian | TRUSTEE | $0 | $0 | N/A |
| Ara K Hovnanian | TRUSTEE | $0 | $0 | N/A |
| Esther K Hovnanian | TRUSTEE | $0 | $0 | N/A |
| Nadia K Rodriguez | TRUSTEE | $0 | $0 | N/A |
Total Giving
$144K
Total Assets
$1.4M
Fair Market Value
$1.9M
Net Worth
$1.4M
Grants Paid
$101K
Contributions
N/A
Net Investment Income
$297K
Distribution Amount
$81K
Total Grants
73
Total Giving
$538K
Average Grant
$7K
Median Grant
$3K
Unique Recipients
34
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Columbia UniversityTO PROMOTE THE WORK OF THE ORGANIZATION | New York, NY | $50K | 2023 |
| St Stepanos Armenian ChurchTO PROMOTE THE WORK OF THE ORGANIZATION | Long Branch, NJ | $14K | 2023 |
| Trustees Of Tufts CollegeTO PROMOTE THE WORK OF THE ORGANIZATION | Somerville, MA | $10K | 2023 |
| Discese Of The Armenian ChurchTO PROMOTE THE WORK OF THE ORGANIZATION | New York, NY | $7K | 2023 |
| Special Forces Charitable TrustTO PROMOTE THE WORK OF THE ORGANIZATION | Southern Pines, NC | $5K | 2023 |
| Monmouth UniversityTO PROMOTE THE WORK OF THE ORGANIZATION | West Long Branch, NJ | $5K | 2023 |
| Hudson Farm Foundation IncTO PROMOTE THE WORK OF THE ORGANIZATION | Andover, NJ | $5K | 2023 |
| Funds For Armenian ReliefTO PROMOTE THE WORK OF THE ORGANIZATION | New York, NY | $2K | 2023 |
| Massachusetts Institute Of TechnologyTO PROMOTE THE WORK OF THE ORGANIZATION | Cambridge, MA | $2K | 2023 |
| Armenian Radio Hour Of NjTO PROMOTE THE WORK OF THE ORGANIZATION | South Orange, NJ | $1K | 2023 |
| Armenian General Benevolent Union (Agbu)TO PROMOTE THE WORK OF THE ORGANIZATION | New York, NY | $500 | 2023 |
| Columnbia UniversityTO PROMOTE THE WORK OF THE ORGANIZATION | New York, NY | $50K | 2022 |
| Monmouth Conservation FoundationTO PROMOTE THE WORK OF THE ORGANIZATION | Middletown, NJ | $5K | 2022 |
| New Arts Pubication IncTO PROMOTE THE WORK OF THE ORGANIZATION | Brooklyn, NY | $5K | 2022 |
| Salmagundi ClubTO PROMOTE THE WORK OF THE ORGANIZATION | New York, NY | $3K | 2022 |
| Studio IncamminatiTO PROMOTE THE WORK OF THE ORGANIZATION | Phildelphia, PA | $2K | 2022 |
| Lankenau Medical Center FoundationTO PROMOTE THE WORK OF THE ORGANIZATION | Wynnewood, PA | $2K | 2022 |
| Childrens Hospital Of Pa FoundationTO PROMOTE THE WORK OF THE ORGANIZATION | Philadelphia, PA | $2K | 2022 |
| Armenian General Benevolent UnionTO PROMOTE THE WORK OF THE ORGANIZATION | New York, NY | $1K | 2022 |
| Marymount School Of NyTO PROMOTE THE WORK OF THE ORGANIZATION | New York, NY | $1K | 2022 |
| Saint Mary'S Armenian ChurchTO PROMOTE THE WORK OF THE ORGANIZATION | Livingston, NJ | $200 | 2022 |