Don and Sara Armen Foundation Inc

Foundation · Grantmaker CANTON, OH EIN: 85-0596563

Don and Sara Armen Foundation Inc is a private foundation focused on Arts, Culture & Humanities, based in CANTON, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $275K in total assets. In 2024, it awarded 1 grants totaling $50K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$275K

+153.5% YoY

Annual Giving

$50K

-4.8% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$50K

-4.8% YoY

Under IRS private-foundation payout rules, Don and Sara Armen Foundation Inc reported a distributable amount of $13K for 2024 — the minimum it must pay out in qualifying distributions.

About Don and Sara Armen Foundation Inc

Based on IRS filings

Focus Areas

Arts, Culture & Humanities

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Colorado $103K (91%)

Ohio $10K (9%)

States

Colorado Ohio

Cities

CantonLittleton

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$274,625	$108,325	$16,325
Revenue	$216,900	$145,000	—
Expenses	$50,600	$53,000	$500
Qualifying Distributions	$50,000	$52,500	—
Net Investment Income	—	—	—
Distributable Amount	$12,627	$6,904	$816

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

3 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Kitty Hawk Air Academy ($50,000).

Recipient	Purpose	Amount
KITTY HAWK AIR ACADEMY LITTLETON, CO	CHARITABLE GIVING	$50,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
SARA ARMEN	DIRECTOR	—	—

Subject Areas

Focus areas based on grantmaking activity

Arts, Culture & Humanities

Frequently Asked Questions

What is Don and Sara Armen Foundation Inc?

Don and Sara Armen Foundation Inc is a private foundation focused on Arts, Culture & Humanities, based in CANTON, OH. It holds $275K in total assets as of 2024.

How large is Don and Sara Armen Foundation Inc?

As of 2024, Don and Sara Armen Foundation Inc holds $275K in total assets with $217K in annual revenue. It awarded 1 grants totaling $50K in 2024.

Where does Don and Sara Armen Foundation Inc operate?

Don and Sara Armen Foundation Inc has awarded grants in Colorado, Ohio.

What size grants does Don and Sara Armen Foundation Inc award?

In 2024, Don and Sara Armen Foundation Inc awarded 1 grants totaling $50K — an average of about $50K per grant, based on its IRS Form 990 filings.

How much is Don and Sara Armen Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Don and Sara Armen Foundation Inc reported a distributable amount of $13K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Don and Sara Armen Foundation Inc's EIN?

Don and Sara Armen Foundation Inc's EIN (Employer Identification Number) is 85-0596563. IRS Form 990 filing data is available on this page for 2020–2024.