Akian Foundation
Akian Foundation is a private foundation, based in Valencia, CA. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $3.2M in total assets. In 2025, it awarded 8 grants totaling $303K. Net investment income was $360K.
Akian Foundation at a glance
In short: Akian Foundation gave $303K across 8 grants in 2025 (avg $38K), mostly in California. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $302,500
- -25.3% vs 2024
- Grants made (2025)
- 8
- +14.3% vs 2024
- Average grant
- $37,813
- -34.6% vs 2024
- Median grant
- $22,500
- Total assets
- $3,249,650
- +11.5% vs 2024
- Primary geography
- California (98% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Akian Foundation funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2025
The largest 2025 recipient was Western Diocese Armenian Church ($160K). Together the top 8 received $303K.
Grant Size Distribution
44 grants across all recorded years
The most common grant size was under $50K: 29 grants of 44 (66%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 8 itemized grants.
Cities
How Akian Foundation gives
- Giving held roughly steady from 2022 to 2025 (−17%). Method
- In 2025 it paid out 167% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $303K (2025) to $697K (2023). In 2025 it made 8 grants totaling $303K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Western Diocese Armenian Church Burbank, CA | General Fund | $160,000 |
| American University of Armenia Oakland, CA | General Fund | $60,000 |
| VEM USA Glendale, CA | General Fund | $25,000 |
| Rearmenia Inc Rocklin, CA | General Fund | $25,000 |
| Orran Benevolent NGO Los Angeles, CA | General Fund | $20,000 |
| Pomegranate Foundation Encino, CA | General Fund | $5,000 |
| Our Lady of Armenia Church Wayne, PA | General Fund | $5,000 |
| Armenian International Woman's Association Watertown, MA | General Fund | $2,500 |
Ready to take the next step with Akian Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $3,249,650 | $676,273 | $340,149 | $302,500 | 8 | $318,149 | $359,604 | $190,996 |
| 2024 | $2,913,760 | $398,630 | $424,807 | $405,000 | 7 | $408,033 | $306,957 | $151,278 |
| 2023 | $2,939,947 | $257,682 | $729,146 | $697,000 | 6 | $702,040 | $137,774 | $163,524 |
| 2022 | $3,418,956 | $773,912 | $400,998 | $363,500 | 11 | $368,015 | $456,636 | $184,051 |
| 2021 | $4,047,147 | $562,380 | $413,920 | $375,500 | 12 | — | $535,774 | $190,672 |
Under IRS private-foundation payout rules, Akian Foundation reported a distributable amount of $191K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Akian Foundation is led by Haig P. Akian, President on every filing since 2021; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Haig P. Akian
President
On filings since 2021
5 hrs/week
No compensation reported
Zaven P. Akian
Director
On filings since 2021
5 hrs/week
No compensation reported
Lena G. Akian
CFO & Vice President
On filings since 2021
5 hrs/week
No compensation reported
Lori J. Stephan
Secretary & Vice President
Secretary → Secretary & Vice President, 2025
On filings since 2021
5 hrs/week
No compensation reported
Former officers (1)
- Former: Sonia Akian (2021–2022) — Director
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Akian Foundation
How much does Akian Foundation give each year?
Akian Foundation gave $303K across 8 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $405K across 7 grants.
What is Akian Foundation's typical grant size?
Akian Foundation's median grant in 2025 was $22,500, and its average grant was $37,813, across 8 grants on its 2025 IRS Form 990-PF.
Where does Akian Foundation give grants?
Akian Foundation gives mostly in California: 98% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.
Does Akian Foundation give general operating support?
Yes: 100% of Akian Foundation's 2025 grants with a stated purpose (8 of 8) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Akian Foundation's largest grantees?
Akian Foundation's largest 2025 grantees include Western Diocese Armenian Church ($160,000), American University of Armenia ($60,000) and VEM USA ($25,000), according to its 2025 IRS Form 990-PF. Together they received 81% of its itemized 2025 grant dollars.
How large is Akian Foundation?
Akian Foundation reported $3.2M in total assets on its 2025 IRS Form 990-PF. It paid out $318K in qualifying distributions that year, against a required minimum of $191K (roughly 5% of its investment assets).
What is Akian Foundation's EIN?
Akian Foundation's EIN (Employer Identification Number) is 26-3913336. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2021 (received by the IRS June 21, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS March 31, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS March 22, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 19, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS February 27, 2026)
- IRS filings on file for fiscal years 2021–2025
Explore Open Grants
Browse active grant opportunities in Akian Foundation's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
UCLA Foundation
Los Angeles, CA
The UCLA Foundation primarily supports UCLA scholarships, fellowships, research, student and faculty support, educational programs, and other university priorities, while also making some grants to outside organizations. In 2025, grants ranged from $10,000 to $453 million, with a median of $200,000; most funding went to California, and the profile does not state whether unsolicited requests are accepted.
Assets
$6.3B
Grants
82
Total Given
$536.7M
California Community Foundation
Los Angeles, CA
The California Community Foundation supports nonprofits through discretionary and donor-directed grants, with discretionary priorities including education, health, housing and immigration, alongside other areas such as arts, civic engagement and economic opportunity. Its 2025 grants had a median of $50,000, and its work is focused on Los Angeles County; prospective discretionary applicants are asked to contact the relevant program officer before submitting a letter of intent.
Assets
$2.3B
Grants
2,174
Total Given
$326.6M
Mina & Hacob Shirvanian Family
Glendale, CA
Assets
$575K
Grants
8
Total Given
$112K
Afeyan Family Foundation
Wilmington, DE
The Afeyan Family Foundation supports innovative work in education, science and technology, and humanitarian action, with activity worldwide and particular reach in Armenia and Greater Boston. Its 2025 grants ranged from $500 to $360,000, with a median of $15,000. It does not accept unsolicited funding requests and supports preselected organizations only.
Assets
$14.8M
Grants
29
Total Given
$1.4M
Duke Energy Foundation
Charlotte, NC
The Duke Energy Foundation funds workforce and local economic development, disaster resilience, conservation, clean water, and economic opportunity in North Carolina, South Carolina, Florida, Ohio, Kentucky, and Indiana. Its 2024 grants had a median of $25,000; applications for grants of $20,000 or less are accepted year-round, after applicants discuss proposals with a state representative.
Assets
$1.9M
Grants
41
Total Given
$25.6M
Armenia Empyrean Foundation
Wilmington, DE
The foundation supports Armenian community needs, culture and humanitarian assistance, education, and science and technology, with 2024 grants going to organizations in California, Massachusetts, Washington, DC, Minnesota, and New Jersey. Its 17 grants ranged from $250 to $110,000, with a median of $10,000. It funds only preselected organizations and does not accept unsolicited requests.
Assets
$4.9M
Grants
17
Total Given
$286K
More similar funders
More Funders in California
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Akian Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Akian Foundation down — hundreds of funders to go?