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Also known as: FAMILY FOUNDATION INC
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Vartkess And Rita Balian Family Foundation Inc. is a private corporation based in ARLINGTON, VA. The foundation received its IRS ruling in 2002. The principal officer is Rita S Balian. It holds total assets of $498K. Annual income is reported at $542K. The foundation is governed by 3 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2015 to 2023. Funding is distributed across 5 states, including District of Columbia, New York, Massachusetts. According to available records, Vartkess And Rita Balian Family Foundation Inc. has made 92 grants totaling $103K, with a median grant of $1K. The foundation has distributed between $29K and $42K annually from 2020 to 2022. Grantmaking activity was highest in 2021 with $42K distributed across 31 grants. Individual grants have ranged from $223 to $10K, with an average award of $1K. The foundation has supported 40 unique organizations. The foundation primarily supports organizations in Virginia, District of Columbia, New York, which account for 60% of all grants. Grantmaking reaches organizations across 10 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$500
Median Grant
$1K
Average Grant
$1K
Largest Grant
$7K
Based on 27 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Vartkess And Rita Balian Family Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 92 grants. Its grantmaking reaches organizations primarily in VA, DC, NY.
Vartkess And Rita Balian Family Foundation Inc. has distributed a total of $103K across 92 grants. The median grant size is $1K, with an average of $1K. Individual grants have ranged from $223 to $10K.
Vartkess And Rita Balian Family Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Vartkess And Rita Balian Family Foundation Inc. is headquartered in ARLINGTON, VA. While based in VA, the foundation distributes grants to organizations across 10 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Gregory S Balian | DIRECTOR & VICE-PRESIDENT | $0 | $0 | N/A |
| Raffi V Balian | DIRECTOR & SECRETARY/TREASURER | $0 | $0 | N/A |
| Rita S Balian | DIRECTOR & PRESIDENT | $0 | $0 | N/A |
Total Giving
$43K
Total Assets
$537K
Fair Market Value
$667K
Net Worth
$537K
Grants Paid
$31K
Contributions
N/A
Net Investment Income
$44K
Distribution Amount
$32K
Total: $468K
Total Grants
92
Total Giving
$103K
Average Grant
$1K
Median Grant
$1K
Unique Recipients
40
Most Common Grant
$1K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Armenian American Cultural Association IncPROVIDE SUPPORT FOR WOMENS HEALTH CARE FACILITY IN ARMENIA | Arlington, VA | $10K | 2022 |
| St Mary Armenian Apostolic ChurchRELIGIOUS BENEVOLENCE | Washington, DC | $2K | 2022 |
| Eastern Diocese Of The Armenian Church Of AmericaRELIGIOUS BENEVOLENCE | New York, NY | $2K | 2022 |
| WetaPUBLIC PROGRAMING SUPPORT | Arlington, VA | $2K | 2022 |
| St Nersess Armenian SeminaryEDUCATIONAL PROGRAM SUPPORT | Armonk, NY | $1K | 2022 |
| Young Concert Artists IncPERFORMINGS ARTS PROGRAM SUPPORT | New York, NY | $1K | 2022 |
| Armenian Assembly Of AmericaCULTURAL PROGRAM SUPPORT PROMOTING US-ARMENIAN RELATIONS | Washington, DC | $1K | 2022 |
| American University Of ArmeniaEDUCATIONAL PROGRAM SUPPORT | Oakland, CA | $1K | 2022 |
| NaasrEDUCATIONAL PROGRAM SUPPORT | Belmont, MA | $1K | 2022 |
| National Museum Of Women In The Arts IncCULTURAL PROGRAM SUPPORT | Washington, DC | $1K | 2022 |
| Armenian Missionary Assoc Of AmericaRELIGIOUS BENEVOLENCE | Paramus, NJ | $1K | 2022 |
| Washington National CathedralRELIGIOUS BENEVOLENCE | Washington, DC | $1K | 2022 |
| American University Of BeirutEDUCATIONAL PROGRAM SUPPORT | New York, NY | $1K | 2022 |
| Western Diocese Of The Armenian ChurchSUPPORT FOR SEC.501(C)(3) ORGANIZATION | Burbank, CA | $1K | 2022 |
| Virginia Hospital Center FoundationAFFORDABLE HEALTHCARE SUPPORT | Arlington, VA | $500 | 2022 |
| Anca Endowment FundSUPPORT FOR SEC.501(C)(3) ORGANIZATION | Washington, DC | $500 | 2022 |
| Tca Friends Of The Armenian Mirror SpectatorCULTURAL PROGRAM SUPPORT | Watertown, MA | $500 | 2022 |
| Knights Of VartanSUPPORT FOR SEC.501(C)(3) ORGANIZATION | Lexington, MA | $500 | 2022 |
| Cleveland ClinicSUPPORT FOR SEC.501(C)(3) ORGANIZATION | Cleveland, OH | $500 | 2022 |
| The Kennedy Center For The Performing ArtsPERFORMINGS ARTS PROGRAM SUPPORT | Washington, DC | $250 | 2022 |
| Fund For Armenian ReliefHUMANITARIAN AID PROGRAM SUPPORTING EMERGENCY RELIEF, ECONOMIC GROWTH, AND SOCIAL DEVELOPMENT OF ARMENIA BY HELPING THE CHILDREN AND ELDERLY | New York, NY | $250 | 2022 |
| The Carter CenterCULTURAL PROGRAM SUPPORT | Atlanta, GA | $250 | 2022 |
| Paros FoundationCULTURAL PROGRAM SUPPORT | Berkeley, CA | $250 | 2022 |
| American Red Cross Of The National Capital AreaSUPPORT FOR SEC.501(C)(3) ORGANIZATION | Washington, DC | $250 | 2022 |
| Clinton FoundationSUPPORT FOR SEC.501(C)(3) ORGANIZATION | Little Rock, AR | $223 | 2022 |
| Aurora Humanitarian Initiative FoundationSUPPORT FOR SEC.501(C)(3) ORGANIZATION | Washington, DC | — | 2022 |
| Parkinson'S FoundationSUPPORT FOR SEC.501(C)(3) ORGANIZATION | Olney, MD | — | 2022 |
| Tekeyan Cultural AssociationSUPPORT FOR SEC.501(C)(3) ORGANIZATION | Watertown, MA | — | 2022 |
| Armenian Church Endownment FundSUPPORT FOR SEC.501(C)(3) ORGANIZATION | New York, NY | — | 2022 |
| Armenian Museum Of America IncPERFORMINGS ARTS PROGRAM SUPPORT | Watertown, MA | — | 2022 |
| Nor Or Publishing Association IncCULTURAL PROGRAM SUPPORT | Altadena, CA | — | 2022 |
| National Cathedral SchoolEDUCATIONAL PROGRAM SUPPORT | Washington, DC | — | 2022 |
| Armenian Apostolic Church Of AmericaSUPPORT FOR SEC.501(C)(3) ORGANIZATION | New York, NY | — | 2022 |
| St Albans SchoolEDUCATIONAL PROGRAM SUPPORT | Washington, DC | — | 2022 |
| Armenian Missionary Assoc Of AmRELIGIOUS BENEVOLENCE | Paramus, NJ | $2K | 2021 |