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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. The foundation is governed by 4 officers and trustees. Charitable contributions made to non-profit organizations. Tax records are available from 2017 to 2023. Grantmaking is concentrated in Massachusetts. 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.
Smallest Grant
$3K
Median Grant
$15K
Average Grant
$18K
Largest Grant
$70K
Based on 25 grants from the most recent 990-PF filing.
Charitable contributions made to 10 non-profit organizations
Expenses: $375K
Scholarships paid directly to 5 universities on behalf of 5 students.
Expenses: $43K
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.
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.
The application deadline is September 1st.
Mary Alice Arakelian Foundation is headquartered in NEWBURYPORT, MA. While based in MA, the foundation distributes grants to organizations across 6 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Mark F Welch | Co-Trustee | $18K | $0 | $18K |
| Mary E Larnard | Co-Trustee | $12K | $0 | $12K |
| Kimberly A Rock | Co-Trustee | $0 | $0 | N/A |
| John F Leary Iii | Co-Trustee | $0 | $0 | N/A |
Total Giving
$489K
Total Assets
$5.9M
Fair Market Value
$8M
Net Worth
$5.9M
Grants Paid
$390K
Contributions
N/A
Net Investment Income
$192K
Distribution Amount
$375K
Total: $4.8M
Total Grants
86
Total Giving
$1.7M
Average Grant
$19K
Median Grant
$10K
Unique Recipients
44
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| General Charitable Society Of NewburyportUnrestrictedGeneral Support | Newburyport, MA | $10K | 2023 |
| Anna Jaques HospitalUnrestrictedGeneral Support | Newburyport, MA | $65K | 2023 |
| Firehouse Center For The ArtsUnrestrictedGeneral Support | Newburyport, MA | $50K | 2023 |
| Our Neighbor'S TableUnrestrictedGeneral Support | Amesbury, MA | $35K | 2023 |
| WburUnrestrictedGeneral Support | Boston, MA | $30K | 2023 |
| Pettengill HouseUnrestrictedGeneral Support | Salisbury, MA | $20K | 2023 |
| Opportunity WorksUnrestrictedGeneral Support | Newburyport, MA | $20K | 2023 |
| Herndon-University Of AlabamaUnrestrictedGeneral Support | Tuscaloosa, AL | $11K | 2023 |
| Kolman - University Of New HampshirUnrestrictedGeneral Support | Durham, NH | $10K | 2023 |
| Mckeown - Boston CollegeUnrestrictedGeneral Support | Boston, MA | $10K | 2023 |
| Nourishing The North ShoreUnrestrictedGeneral Support | Newburyport, MA | $10K | 2023 |
| Custom Houses MuseumUnrestrictedGeneral Support | Newburyport, MA | $10K | 2023 |
| Mcelhinney - University Of MichiganUnrestrictedGeneral Support | Ann Arbor, MI | $10K | 2023 |
| Link HouseUnrestrictedGeneral Support | Amesbury, MA | $10K | 2023 |
| Pan-Mass ChallengeUnrestrictedGeneral Support | Needham, MA | $10K | 2023 |
| Runway For RecoveryUnrestrictedGeneral Support | Newburyport, MA | $10K | 2023 |
| Boys And Girls Club LmvUnrestrictedGeneral Support | Salisbury, MA | $10K | 2023 |
| Noe- St Anselm'S CollegeUnrestrictedGeneral Support | Manchester, NH | $10K | 2023 |
| Yim - NortheasternUnrestrictedGeneral Support | Boston, MA | $10K | 2023 |
| Cooper And Gray-William And MaryUnrestrictedGeneral Support | Williamsburg, VA | $10K | 2023 |
| Holt-Umass LowellUnrestrictedGeneral Support | Lowell, MA | $9K | 2023 |
| First Parish ChurchUnrestrictedGeneral Support | Newbury, MA | $5K | 2023 |
| St Vincent DepaulUnrestrictedGeneral Support | Newburyport, MA | $5K | 2023 |
| Family Services Of MvUnrestrictedGeneral Support | Lawrence, MA | $5K | 2023 |
| Live And Let Live FarmUnrestrictedGeneral Support | Chichester, NH | $5K | 2023 |
| Trustees Of Boston UniversityUnrestrictedGeneral Support | Boston, MA | $30K | 2022 |
| Ywca Of Greater NewburyportUnrestrictedGeneral Support | Newburyport, MA | $20K | 2022 |
| Jeanne Geiger Crisis CenterUnrestrictedGeneral Support | Newburyport, MA | $16K | 2022 |
| Defeo-Framingham StateUnrestrictedGeneral Support | Framingham, MA | $10K | 2022 |
| Cote-HarvardUnrestrictedGeneral Support | Cambridge, MA | $10K | 2022 |
| Firehouse Center For ArtsUnrestrictedGeneral Support | Newburyport, MA | $30K | 2021 |