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Mark G Hovanasian Foundation is a private trust based in NORTH ANDOVER, MA. The foundation received its IRS ruling in 2014. The principal officer is Albert P Pettoruto. It holds total assets of $360K. Annual income is reported at $64K. Total assets have grown from $272K in 2014 to $360K in 2024. The foundation is governed by 1 officer or trustee. 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 2024. Funding is distributed across 6 states, including Massachusetts, Tennessee, New Hampshire. According to available records, Mark G Hovanasian Foundation has made 6 grants totaling $35K, with a median grant of $8K. Individual grants have ranged from $3K to $8K, with an average award of $6K. The foundation has supported 3 unique organizations. Grants have been distributed to organizations in Tennessee and Massachusetts and New Hampshire. Contributions to this foundation are tax-deductible.
Smallest Grant
$2K
Median Grant
$3K
Average Grant
$4K
Largest Grant
$8K
Based on 6 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.
Mark G Hovanasian Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 6 grants. Its grantmaking reaches organizations primarily in TN, MA, NH.
Mark G Hovanasian Foundation has distributed a total of $35K across 6 grants. The median grant size is $8K, with an average of $6K. Individual grants have ranged from $3K to $8K.
Mark G Hovanasian Foundation typically selects its grantees rather than accepting unsolicited proposals.
Mark G Hovanasian Foundation is headquartered in NORTH ANDOVER, MA. While based in MA, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Albert Pettoruto | TRUSTEE | $8K | $0 | $8K |
Total Giving
N/A
Total Assets
$360K
Fair Market Value
N/A
Net Worth
$360K
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
6
Total Giving
$35K
Average Grant
$6K
Median Grant
$8K
Unique Recipients
3
Most Common Grant
$8K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| St Jude'STREAT CHILDREN WITH CANCER | Memphis, TN | $8K | 2022 |
| Saint VartanantzRELIGIOUS | Chelmsford, MA | $8K | 2022 |
| Krempels CenterMEDICAL | Porthmouth, NH | $3K | 2022 |