Mary Alice Arakelian Foundation is a private trust based in NEWBURYPORT, MA. The foundation received its IRS ruling in 1967. The principal officer is % Fleet Investment Services. It holds total assets of $5.7M. Annual income is reported at $1.7M. Charitable contributions made to non-profit organizations. According to available records, Mary Alice Arakelian Foundation has made 86 grants totaling $1.7M, with a median grant of $10K. The foundation has distributed between $389K and $453K annually from 2020 to 2023. Grantmaking activity was highest in 2021 with $453K distributed across 25 grants. Individual grants have ranged from $3K to $115K, with an average award of $19K. The foundation has supported 44 unique organizations. The foundation primarily supports organizations in Massachusetts, New Hampshire, Virginia, which account for 92% of all grants. Grantmaking reaches organizations across 6 states. Contributions to this foundation are tax-deductible.
Application Information
Deadline
September 1st
Programs & Activities
Charitable contributions made to 10 non-profit organizations
Expenses: $375K
Scholarships paid directly to 5 universities on behalf of 5 students.
Expenses: $43K
Frequently Asked Questions
What does Mary Alice Arakelian Foundation fund?
Charitable contributions made to non-profit organizations. Based on available records, the foundation has funded 86 grants. Its grantmaking reaches organizations primarily in MA, NH, VA.
How much does Mary Alice Arakelian Foundation give in grants?
Mary Alice Arakelian Foundation has distributed a total of $1.7M across 86 grants. The median grant size is $10K, with an average of $19K. Individual grants have ranged from $3K to $115K.
How do I apply for a grant from Mary Alice Arakelian Foundation?
The application deadline is September 1st.
Where is Mary Alice Arakelian Foundation located?
Mary Alice Arakelian Foundation is headquartered in NEWBURYPORT, MA. While based in MA, the foundation distributes grants to organizations across 6 states.
