Hayg Foundation Inc

LONGBOAT KEY, FL EIN: 84-1866751

International, Foreign Affairs & National Security

Hayg Foundation Inc is a private foundation focused on International, Foreign Affairs & National Security, based in LONGBOAT KEY, FL. IRS filing data is available for 2020. As of 2020, the organization holds $48K in total assets. In 2020, it awarded 3 grants totaling $41K.

Financial Overview

From 2020 IRS Form 990-PF · View filing

Total Assets

$48K

Annual Giving

$41K

Grant Count

Avg Grant Size

$14K

Under IRS private-foundation payout rules, Hayg Foundation Inc reported a distributable amount of $2K for 2020 — the minimum it must pay out in qualifying distributions.

About Hayg Foundation Inc

Based on IRS filings

Focus Areas

International, Foreign Affairs & National Security

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Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2020
Total Assets	$48,152
Revenue	$46,980
Expenses	$41,024
Qualifying Distributions	—
Net Investment Income	—
Distributable Amount	$2,266

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2020

Grant Size Distribution

3 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2020 grants, the largest include Homeland Development Initiative Fou ($39,000), Impact Hub ($1,000), Talin Women's Resource Center ($1,000).

Recipient	Purpose	Amount
Homeland Development Initiative Fou	Social enterprise that creates sustainable jobs in Armenia by producing and selling artisan handicrafts. HDIF Trading LLC was founded in 2018 and runs the daily operation of HDIF's fair trade shop as well as product manufacturing and supply management.	$39,000
Impact Hub	ImpactHub is a non-profit organization registered and based in Armenia. Impact Hub Yerevan is a social innovation space and community with a mission to support social impact projects and enterprises which propel the positive development of Armenia.	$1,000
Talin Women's Resource Center	Talin Women's Resource Center" Development Foundation provides employment to vulnerable women in Araganots region in Armenia	$1,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2020 IRS filing

From 2020 filing

Name	Title	Hours	Compensation
Shahe Momjian	President	4	—
Shirley Momjian	Vice President	4	—

Subject Areas

Focus areas based on grantmaking activity

International, Foreign Affairs & National Security

Frequently Asked Questions

What is Hayg Foundation Inc?

Hayg Foundation Inc is a nonprofit organization focused on International, Foreign Affairs & National Security, based in LONGBOAT KEY, FL. It holds $48K in total assets as of 2020.

How large is Hayg Foundation Inc?

As of 2020, Hayg Foundation Inc holds $48K in total assets with $47K in annual revenue. It awarded 3 grants totaling $41K in 2020.

What size grants does Hayg Foundation Inc award?

In 2020, Hayg Foundation Inc awarded 3 grants totaling $41K — an average of about $14K per grant, based on its IRS Form 990 filings.

How much is Hayg Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2020, Hayg Foundation Inc reported a distributable amount of $2K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.