Akian Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in VALENCIA, CA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $2.9M in total assets. In 2024, it awarded 7 grants totaling $405K. Net investment income was $307K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.9M
-0.9% YoY
Annual Giving
$405K
-41.9% YoY
Grant Count
7
+16.7% YoY
Avg Grant Size
$58K
-50.2% YoY
Under IRS private-foundation payout rules, Akian Foundation reported a distributable amount of $151K for 2024 — the minimum it must pay out in qualifying distributions.
About Akian Foundation
Based on IRS filings
Akian Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in VALENCIA, CA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $2.9M in total assets. In 2024, it awarded 7 grants totaling $405K. Net investment income was $307K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,913,760 | $2,939,947 | $3,418,956 |
| Revenue | $398,630 | $257,682 | $773,912 |
| Expenses | $424,807 | $729,146 | $400,998 |
| Qualifying Distributions | $408,033 | $702,040 | $368,015 |
| Net Investment Income | $306,957 | $137,774 | $456,636 |
| Distributable Amount | $151,278 | $163,524 | $184,051 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
36 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Western Diocese Armenian Church ($100,000), Tumo Foundation ($100,000), American University of Armenia ($90,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN UNIVERSITY OF ARMENIA OAKLAND, CA | GENERAL FUND | $90,000 |
| ARMENIAN GENERAL BENEVOLENT UNION NEW YORK, NY | GENERAL FUND | $10,000 |
| VEM USA GLENDALE, CA | GENERAL FUND | $25,000 |
| FRIENDS OF FAST GLENDALE, CA | GENERAL FUND | $55,000 |
| ORRAN BENEVOLENT NGO LOS ANGELES, CA | GENERAL FUND | $25,000 |
| WESTERN DIOCESE ARMENIAN CHURCH BURBANK, CA | GENERAL FUND | $100,000 |
| TUMO FOUNDATION DALLAS, TX | GENERAL FUND | $100,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ZAVEN P AKIAN | DIRECTOR | 5 | — |
| HAIG P AKIAN | PRESIDENT | 5 | — |
| LENA G AKIAN | CFO & VICE PRESIDENT | 5 | — |
| LORI J STEPHAN | SECRETARY | 5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Akian Foundation?
Akian Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in VALENCIA, CA. It holds $2.9M in total assets as of 2024.
How large is Akian Foundation?
As of 2024, Akian Foundation holds $2.9M in total assets with $399K in annual revenue. It awarded 7 grants totaling $405K in 2024.
Where does Akian Foundation operate?
Akian Foundation has awarded grants in California, Florida, New Jersey, New York, Texas.
What size grants does Akian Foundation award?
In 2024, Akian Foundation awarded 7 grants totaling $405K — an average of about $58K per grant, based on its IRS Form 990 filings.
How much is Akian Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Akian Foundation reported a distributable amount of $151K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2021–2024.
Explore Open Grants
Browse active grant opportunities in Akian Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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