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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 is governed by 2 officers and trustees. The foundation's principal activity is determining what charitable entities will be the recipients of the foundation's gifts. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2017 to 2023. 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 | N/A |
| Bruce Barsumian | PRESIDENT/DIRECTOR | $0 | $0 | N/A |
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: N/A
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 |
|---|---|---|---|
| Turning PointTO SPREAD THE GOSPEL | San Diego, CA | $5K | 2023 |
| American Bible SocietyTO SPREAD THE GOSPEL | Philadelphia, PA | $5K | 2023 |
| 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 |
| Cookeville Rescue MissionTO ASSIST HOMELESS | Cookeville, TN | $15K | 2023 |
| The Salvation ArmyASSIST THOSE IN NEED | Louisville, KY | $15K | 2023 |
| Blood WaterPROVIDE CLEAN WATER AND HIV MEDICAL TREATMENT | Nashville, TN | $10K | 2023 |
| St Jude Children'S Research HospitalPROVIDE MEDICAL CARE FOR CHILDREN WITH CANCER | Memphis, TN | $5K | 2023 |
| Happy HavenTO ASSIST CHILDREN | Cookeville, TN | $5K | 2023 |
| Shriners Hospitals For ChildrenPROVIDE MEDICAL CARE FOR CHILDREN | Tampa, FL | $5K | 2023 |
| Mercy ShipsPROVIDE MEDICAL CARE | Garden Valley, TX | $5K | 2023 |
| Doctors Without BordersPROVIDE MEDICAL CARE | New York, NY | $5K | 2023 |
| Crmc FoundationASSIST THOSE IN NEED | Cookeville, TN | $5K | 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 |
| In Touch MinistiresTO SPREAD THE GOSPEL | Atlanta, GA | $10K | 2022 |
| Habitat For HumanityASSIST THOSE IN NEED | Cookeville, TN | $10K | 2022 |
| The John Ankerberg ShowTO SPREAD THE GOSPEL | Chattanooga, TN | $10K | 2022 |
| Way FmFOR ENCOURAGEMENT | Colorado Springs, CO | $10K | 2022 |
| Wounded Warrior ProjectTO HELP WOUNDED SERVICEMEN | Jacksonville, FL | $10K | 2022 |
| Adult & Teen ChallengeTO ASSIST THOSE WITH ADDICTIONS | Ozark, MO | $5K | 2022 |
| John Hagee MinistriesFOR FELLOWSHIPS | San Antonio, TX | $5K | 2022 |
UNION CITY, TN
CHATTANOOGA, TN
NASHVILLE, TN