Harry & Suzanne Toufayan Foundation Inc

Private foundation · Grantmaker Orlando, FL EIN: 27-1544482

Harry & Suzanne Toufayan Foundation Inc is a private foundation, based in Orlando, FL. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $9.8M in total assets. In 2025, it awarded 8 grants totaling $393K. Net investment income was $1.4M.

Key facts about Harry & Suzanne Toufayan Foundation Inc

In short: Harry & Suzanne Toufayan Foundation Inc gave $393K across 8 grants in 2025 (avg $49K), mostly in New Jersey. Source: 2025 IRS Form 990-PF.

EIN
27-1544482
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$392,545
Grants made (2025)
8
Average grant
$49,068
Median grant
$26,098
Total assets
$9,841,248
Primary geography
New Jersey (69% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated October 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$9.8M

+12.1% YoY

Annual Giving

$393K

+8.4% YoY

Grant Count

8

+60.0% YoY

Avg Grant Size

$49K

-32.2% YoY

Under IRS private-foundation payout rules, Harry & Suzanne Toufayan Foundation Inc reported a distributable amount of $705K for 2025 — the minimum it must pay out in qualifying distributions.

How Harry & Suzanne Toufayan Foundation Inc gives

  • Giving fell 21% from 2022 to 2025. Method
  • In 2025 it paid out 56% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

5states

Share of 2025 grant dollars across all 8 itemized grants.

Cities

New YorkOrlandoLivingstonBostonHackensackMemphisMorristownNew MilfordSouth Orange

Giving Over Time

Total grant dollars and number of grants per year

$0$200K$400K$600K2 grants2019 3 grants2020 1 grant2021 1 grant2022 1 grant2023 5 grants2024 8 grants2025

From 2019 to 2025, annual grant giving ranged from $300K (2019) to $500K (2022). In 2025 it made 8 grants totaling $393K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 8 recipients in 2025

Humc: $200KHumc$200KFund for Armenian Relief: $80KFund for Armenian Relief$80KNortheastern University: $30KNortheastern University$30KHovnanian School: $27KHovnanian School$27KSt Marys Armenian Church: $25KSt Marys Armenian Church$25KArmenian Radio Hour of NJ: $20KArmenian Radio Hour of NJ$20KSoorp Haroutiun Armenian Church: $5KSoorp Haroutiun ArmenianChurch$5KDiocese of the Armenian Church: $5KDiocese of the Armenian Church$5K

The largest 2025 recipient was Humc ($200K). Together the top 8 received $393K.

Grant Size Distribution

16 grants across all recorded years

8<$50K2$50–100K3$100–250K2$250–500K1$500K–1M$1–5M$5M+

The most common grant size was under $50K: 8 grants of 16 (50%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Humc Hackensack, NJMedical Services$200,000
Fund for Armenian Relief New York, NYNursing Project$80,350
Northeastern University Boston, MAScholarship$30,000
Hovnanian School New Milford, NJSchool Programs$27,195
St Marys Armenian Church Livingston, NJChurch Programs$25,000
Armenian Radio Hour of NJ South Orange, NJGeneral Programs$20,000
Soorp Haroutiun Armenian Church Orlando, FLChurch Programs$5,000
Diocese of the Armenian Church New York, NYChurch Programs$5,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$2M$4M$6M$8M2019 2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$9,841,248$8,782,012$7,517,235
Revenue$1,458,083$6,643,125$335,529
Expenses$398,847$373,379$303,500
Qualifying Distributions$392,545$362,000$300,000
Net Investment Income$1,350,083$455,988$338,809
Distributable Amount$704,861$379,327$345,066

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2024 (received by the IRS July 2, 2025)
  2. Updated Form 990-PF for fiscal year 2025 (received by the IRS May 15, 2026)
  3. Added Form 990-PF for fiscal year 2019 (received by the IRS May 12, 2020)
  4. Updated Form 990-PF for fiscal year 2020 (received by the IRS March 18, 2021)
  5. Updated Form 990-PF for fiscal year 2021 (received by the IRS August 3, 2022)
  6. Updated Form 990-PF for fiscal year 2022 (received by the IRS February 17, 2023)
  7. Updated Form 990-PF for fiscal year 2023 (received by the IRS May 14, 2024)

Leadership & Key People

Officers and directors from IRS filings

Harry & Suzanne Toufayan Foundation Inc's 2025 filing lists 5 officers; none of the 5 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Gregory Toufayan

    Director

    Director - V → Director-V, 2021

    Director-V → Director, 2024

    On filings since 2019

    No compensation reported

  • Harry Toufayan

    Director

    On filings since 2019

    No compensation reported

  • Karen Nargizian

    Director

    On filings since 2019

    No compensation reported

  • Kristine Casali

    Director

    On filings since 2019

    No compensation reported

  • Suzanne Toufayan

    Director

    On filings since 2019

    No compensation reported

Data from IRS Form 990 filings, 2019–2025. "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 Harry & Suzanne Toufayan Foundation Inc

How much does Harry & Suzanne Toufayan Foundation Inc give each year?

Harry & Suzanne Toufayan Foundation Inc gave $393K across 8 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $362K across 5 grants.

What is Harry & Suzanne Toufayan Foundation Inc's typical grant size?

Harry & Suzanne Toufayan Foundation Inc's median grant in 2025 was $26,098, and its average grant was $49,068, across 8 grants on its 2025 IRS Form 990-PF.

Where does Harry & Suzanne Toufayan Foundation Inc give grants?

Harry & Suzanne Toufayan Foundation Inc gives mostly in New Jersey: 69% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were New York (22%) and Massachusetts (8%). The most frequent recipient cities were New York, NY (2 grants).

Does Harry & Suzanne Toufayan Foundation Inc give general operating support?

Yes: 13% of Harry & Suzanne Toufayan Foundation Inc's 2025 grants with a stated purpose (1 of 8) were for general or operating support, per its 2025 IRS Form 990-PF. Recurring purposes include "Church Programs" (3 grants).

Who are Harry & Suzanne Toufayan Foundation Inc's largest grantees?

Harry & Suzanne Toufayan Foundation Inc's largest 2025 grantees include Humc ($200,000), Fund for Armenian Relief ($80,350) and Northeastern University ($30,000), according to its 2025 IRS Form 990-PF. Together they received 79% of its itemized 2025 grant dollars.

How large is Harry & Suzanne Toufayan Foundation Inc?

Harry & Suzanne Toufayan Foundation Inc reported $9.8M in total assets on its 2025 IRS Form 990-PF. It paid out $393K in qualifying distributions that year, against a required minimum of $705K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.

What is Harry & Suzanne Toufayan Foundation Inc's EIN?

Harry & Suzanne Toufayan Foundation Inc's EIN (Employer Identification Number) is 27-1544482. IRS Form 990 filing data is available on this page for 2019–2025.

Data last updated October 2026. Sourced from IRS Form 990-PF filings.

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