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Also known as: C/O KIRK KARAGELIAN CO-TRUSTEE
Richard Dermenjian Charitable Trust is a private trust based in MEDIA, PA. The foundation received its IRS ruling in 2009. The principal officer is % Kirk Karagelian Co-Trustee. It holds total assets of $1.3M. Annual income is reported at $544K. MAKING OF EDUCATIONAL SCHOLARSHIPS TO WORTHY STUDENTS THROUGH-OUT THE UNITED STATES. DURING 2022, SCHOLARSHIPS WERE AWARDED TO 11 STUDENTS ATTENDING 10 DIFFERENT SCHOOLS. According to available records, Richard Dermenjian Charitable Trust has made 22 grants totaling $74K, with a median grant of $4K. Individual grants have ranged from $1K to $6K, with an average award of $3K. The foundation has supported 11 unique organizations. The foundation primarily supports organizations in Pennsylvania, New York, New Jersey, which account for 73% of all grants. Grantmaking reaches organizations across 6 states. Contributions to this foundation are tax-deductible.
MAKING OF EDUCATIONAL SCHOLARSHIPS TO WORTHY STUDENTS THROUGH-OUT THE UNITED STATES. DURING 2021, SCHOLARSHIPS WERE AWARDED TO 15 STUDENTS ATTENDING 12 DIFFERENT SCHOOLS.
Expenses: $43K
MAKING OF EDUCATIONAL SCHOLARSHIPS TO WORTHY STUDENTS THROUGH-OUT THE UNITED STATES. DURING 2022, SCHOLARSHIPS WERE AWARDED TO 11 STUDENTS ATTENDING 10 DIFFERENT SCHOOLS. Based on available records, the foundation has funded 22 grants. Its grantmaking reaches organizations primarily in PA, NY, NJ.
Richard Dermenjian Charitable Trust has distributed a total of $74K across 22 grants. The median grant size is $4K, with an average of $3K. Individual grants have ranged from $1K to $6K.
The application deadline is EVERY JUNE AND DECEMBER (PRIOR TO COLLEGE SEMESTER). AWARD MUST BE USED FOR TUITION.
Richard Dermenjian Charitable Trust is headquartered in MEDIA, PA. While based in PA, the foundation distributes grants to organizations across 6 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Reverend Nerses Manoogian | TRUSTEE | $6K | $0 | $6K |
| K Kirk Karagelian | TRUSTEE | $6K | $0 | $6K |
Total Giving
$81K
Total Assets
$1.2M
Fair Market Value
$1.2M
Net Worth
$1.2M
Grants Paid
$51K
Contributions
$0
Net Investment Income
$36K
Distribution Amount
$58K
Total: $165K
Total Grants
22
Total Giving
$74K
Average Grant
$3K
Median Grant
$4K
Unique Recipients
11
Most Common Grant
$5K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Anna TekeyanCOLLEGE SCHOLARSHIP | Soffern, NY | $6K | 2022 |
| Lusine AvakyanCOLLEGE SCHOLARSHIP | Cranston, RI | $5K | 2022 |
| David BabaianCOLLEGE SCHOLARSHIP | Broomall, PA | $5K | 2022 |
| Nyrah BalabanianCOLLEGE SCHOLARSHIP | Saddle River, NJ | $5K | 2022 |
| Ani MkrtchyanCOLLEGE SCHOLARSHIP | Chevy Chase, MD | $4K | 2022 |
HOUSTON, TX
HARMONY, RI
HITCHCOCK, TX
HANOVER, MA
| 2017 | 990PF | View |
| 2016 | 990PF | View |
| Sareen MinasianCOLLEGE SCHOLARSHIP |
| Newton Square, PA |
| $4K |
| 2022 |
| Ryan HeatonCOLLEGE SCHOLARSHIP | Lafayette Hill, PA | $3K | 2022 |
| Teni R JehanianCOLLEGE SCHOLARSHIP | Newton Square, PA | $3K | 2022 |
| Laura SicklerCOLLEGE SCHOLARSHIP | Cinnaminson, NJ | $2K | 2022 |
| Nikolas KojoianCOLLEGE SCHOLARSHIP | North Attleboro, MA | $1K | 2022 |
| Connor CampbellCOLLEGE SCHOLARSHIP | Exton, PA | $1K | 2022 |
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