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Nazareth & Nila Festekjian Family Foundation is a private corporation based in WILMINGTON, DE. The foundation received its IRS ruling in 2007. The principal officer is % Foundation Source. It holds total assets of $2.4M. Annual income is reported at $1M. The foundation operates in the area of philanthropy & grantmaking. According to available records, Nazareth & Nila Festekjian Family Foundation has made 35 grants totaling $251K, with a median grant of $3K. The foundation has distributed between $72K and $97K annually from 2021 to 2023. Grantmaking activity was highest in 2022 with $97K distributed across 14 grants. Individual grants have ranged from $1K to $50K, with an average award of $7K. The foundation has supported 15 unique organizations. The foundation primarily supports organizations in New York, California, New Jersey, which account for 83% of all grants. Grantmaking reaches organizations across 6 states. Contributions to this foundation are tax-deductible.
Nazareth & Nila Festekjian Family Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 35 grants. Its grantmaking reaches organizations primarily in NY, CA, NJ.
Nazareth & Nila Festekjian Family Foundation has distributed a total of $251K across 35 grants. The median grant size is $3K, with an average of $7K. Individual grants have ranged from $1K to $50K.
Nazareth & Nila Festekjian Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Nazareth & Nila Festekjian Family Foundation is headquartered in WILMINGTON, DE. While based in DE, the foundation distributes grants to organizations across 6 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Nazareth A Festekjian | Pres, Dir, Sec | $0 | $0 | $0 |
| Nila Festekjian | VP | $0 | $0 | $0 |
Total Giving
$87K
Total Assets
$1.4M
Fair Market Value
$1.7M
Net Worth
$1.4M
Grants Paid
$83K
Contributions
$0
Net Investment Income
$41K
Distribution Amount
$76K
Total Grants
35
Total Giving
$251K
Average Grant
$7K
Median Grant
$3K
Unique Recipients
15
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Armenian General Benevolent UnionAPRI, General Puropose, & NYSEC | New York, NY | $38K | 2023 |
| Vem Usa IncGeneral & Unrestricted | Glendale, CA | $6K | 2023 |
| Tekeyan Cultural Association IncCharitable Event | Watertown, MA | $5K | 2023 |
| Diocese Of The Armenian Church Of AmericaAnnual Appeal Fund | New York, NY | $3K | 2023 |
| Armenian Missionary Assoc Of Amer IncEugene & Nazeli Ekmekji Endowment Fund | Paramus, NJ | $3K |
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| 2016 | 990PF | View |
| 2023 |
| Englewood Hospital And Medical Center Foundation ICharitable Event | Englewood, NJ | $3K | 2023 |
| Northwestern University - Kellogg School Of ManageScholarship Fund | Evanston, IL | $3K | 2023 |
| St Thomas Armenian ChurchGeneral & Unrestricted | Tenafly, NJ | $1K | 2023 |
| American University Of BeirutArmenian Student in need Scholarship Fund | New York, NY | $1K | 2023 |
| The Armenian Eyecare ProjectGeneral & Unrestricted | San Dimas, CA | $1K | 2023 |
| Armenian American Healthprofessionals OrganizationGeneral & Unrestricted | Far Hills, NJ | $1K | 2023 |
| Children Of Armenia Fund IncGeneral & Unrestricted | New York, NY | $7K | 2022 |
| Halo Trust Usa IncNagorno Karabakh | Washington, DC | $1K | 2022 |
| Hovnanian School IncCharitable Event | New Milford, NJ | $5K | 2021 |
| St Nersess Armenian Seminary IncGeneral & Unrestricted | Armonk, NY | $1K | 2021 |
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