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Nazareth Foundation Inc. is a private corporation based in COOKEVILLE, TN. The foundation received its IRS ruling in 2017. The principal officer is % Bruce R Barsumian. It holds total assets of $7M. Annual income is reported at $1.9M. THE FOUNDATION'S PRINCIPAL ACTIVITY IS DETERMINING WHAT CHARITABLE ENTITIES WILL BE THE RECIPIENTS OF THE FOUNDATION'S GIFTS. According to available records, Nazareth Foundation Inc. has made 47 grants totaling $1M, with a median grant of $5K. Annual giving has grown from $283K in 2021 to $357K in 2023. Grantmaking activity was highest in 2022 with $400K distributed across 17 grants. Individual grants have ranged from $1K to $200K, with an average award of $22K. The foundation has supported 23 unique organizations. The foundation primarily supports organizations in Tennessee, Texas, California, which account for 57% of all grants. Grantmaking reaches organizations across 11 states. Contributions to this foundation are tax-deductible.
THE FOUNDATION'S PRINCIPAL ACTIVITY IS DETERMINING WHAT CHARITABLE ENTITIES WILL BE THE RECIPIENTS OF THE FOUNDATION'S GIFTS.
THE FOUNDATION'S PRINCIPAL ACTIVITY IS DETERMINING WHAT CHARITABLE ENTITIES WILL BE THE RECIPIENTS OF THE FOUNDATION'S GIFTS. Based on available records, the foundation has funded 47 grants. Its grantmaking reaches organizations primarily in TN, TX, CA.
Nazareth Foundation Inc. has distributed a total of $1M across 47 grants. The median grant size is $5K, with an average of $22K. Individual grants have ranged from $1K to $200K.
Nazareth Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Nazareth Foundation Inc. is headquartered in COOKEVILLE, TN. While based in TN, the foundation distributes grants to organizations across 11 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Kennan Barsumian | DIRECTOR | $0 | $0 | $0 |
| Bruce Barsumian | PRESIDENT/DIRECTOR | $0 | $0 | $0 |
Total Giving
$398K
Total Assets
$7M
Fair Market Value
$7.7M
Net Worth
$7M
Grants Paid
$357K
Contributions
$1K
Net Investment Income
$129K
Distribution Amount
$374K
Total: $0
Total Grants
47
Total Giving
$1M
Average Grant
$22K
Median Grant
$5K
Unique Recipients
23
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Collegeside Church Of ChristFOR FELLOWSHIPS | Cookeville, TN | $197K | 2023 |
| La Ola Ministriesthe WaveFOR FELLOWSHIPS | Laredo, TX | $50K | 2023 |
| Mustard Seed RanchTO ASSIST CHILDREN | Cookeville, TN | $20K | 2023 |
| The Salvation ArmyASSIST THOSE IN NEED | Louisville, KY | $15K | 2023 |
| Cookeville Rescue MissionTO ASSIST HOMELESS | Cookeville, TN | $15K | 2023 |
COOKEVILLE, TN
MIAMI BEACH, FL
SARATOGA SPGS, NY
LOUISVILLE, KY
BROOKLYN, NY
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| Blood WaterPROVIDE CLEAN WATER AND HIV MEDICAL TREATMENT | Nashville, TN | $10K | 2023 |
| Samaritan'S PurseASSIST THOSE IN NEED | Boone, NC | $5K | 2023 |
| Second Harvest Food Bank Of Middle TnASSIST THOSE IN NEED | Nashville, TN | $5K | 2023 |
| Mercy ShipsPROVIDE MEDICAL CARE | Garden Valley, TX | $5K | 2023 |
| Shriners Hospitals For ChildrenPROVIDE MEDICAL CARE FOR CHILDREN | Tampa, FL | $5K | 2023 |
| St Jude Children'S Research HospitalPROVIDE MEDICAL CARE FOR CHILDREN WITH CANCER | Memphis, TN | $5K | 2023 |
| Turning PointTO SPREAD THE GOSPEL | San Diego, CA | $5K | 2023 |
| Happy HavenTO ASSIST CHILDREN | Cookeville, TN | $5K | 2023 |
| American Bible SocietyTO SPREAD THE GOSPEL | Philadelphia, PA | $5K | 2023 |
| Doctors Without BordersPROVIDE MEDICAL CARE | New York, NY | $5K | 2023 |
| Crmc FoundationASSIST THOSE IN NEED | Cookeville, TN | $5K | 2023 |
| The John Ankerberg ShowTO SPREAD THE GOSPEL | Chattanooga, TN | $10K | 2022 |
| Habitat For HumanityASSIST THOSE IN NEED | Cookeville, TN | $10K | 2022 |
| In Touch MinistiresTO SPREAD THE GOSPEL | Atlanta, GA | $10K | 2022 |
| Way FmFOR ENCOURAGEMENT | Colorado Springs, CO | $10K | 2022 |
| Wounded Warrior ProjectTO HELP WOUNDED SERVICEMEN | Jacksonville, FL | $10K | 2022 |
| John Hagee MinistriesFOR FELLOWSHIPS | San Antonio, TX | $5K | 2022 |
| Adult & Teen ChallengeTO ASSIST THOSE WITH ADDICTIONS | Ozark, MO | $5K | 2022 |
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