Howard Karagheusian Commemorative
Howard Karagheusian Commemorative is a private foundation, based in New York, NY. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $33.3M in total assets. In 2025, it awarded 3 grants totaling $3.2M. Net investment income was $6.9M.
Howard Karagheusian Commemorative at a glance
In short: Howard Karagheusian Commemorative gave $3.2M across 3 grants in 2025 (avg $1.1M), top state Kentucky. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $3,245,380
- +4.0% vs 2024
- Grants made (2025)
- 3
- -40.0% vs 2024
- Average grant
- $1,081,793
- +73.3% vs 2024
- Median grant
- $719,640
- Total assets
- $33,281,656
- +10.0% vs 2024
- Primary geography
- Kentucky (3% 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 Howard Karagheusian Commemorative funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was The Howard Karagheusian MBPO Armenia ($2.4M). Together the top 3 received $3.2M.
Grant Size Distribution
18 grants across all recorded years
The most common grant size was in the $500K–1M range: 5 grants of 18 (28%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
Cities
How Howard Karagheusian Commemorative gives
- Giving grew 34% from 2022 to 2025. Method
- In 2025 it paid out 108% 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 2019 to 2025, annual grant giving ranged from $2.4M (2022) to $3.5M (2019). In 2025 it made 3 grants totaling $3.2M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Howard Karagheusian MBPO Armenia | Charitable Programs for Children | $2,425,740 |
| Karagheusian Association for Children Welfare | Charitable Programs for Children | $719,640 |
| Jinishian Memorial Program Louisville, KY | Poverty Reduction | $100,000 |
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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 | $33,281,656 | $7,044,014 | $4,006,486 | $3,245,380 | 3 | $3,768,034 | $6,856,180 | $3,482,194 |
| 2024 | $30,244,128 | $4,223,724 | $3,850,044 | $3,120,457 | 5 | $3,630,747 | $3,923,841 | $3,377,283 |
| 2023 | $29,870,448 | $1,151,031 | $3,156,608 | $2,457,768 | 4 | $2,933,240 | $1,255,093 | $2,974,411 |
| 2022 | $31,876,025 | $834,266 | $3,144,289 | $2,428,600 | 4 | $2,958,016 | $1,053,826 | $2,961,243 |
| 2021 | $34,186,048 | $3,447,711 | $3,862,424 | $3,254,747 | 2 | $3,471,898 | $2,816,058 | — |
| 2020 | $34,600,764 | $2,389,254 | $3,990,876 | $3,424,987 | 2 | — | $1,843,484 | — |
| 2019 | $36,202,383 | $4,032,121 | $4,079,284 | $3,462,092 | 2 | — | $3,741,961 | — |
Under IRS private-foundation payout rules, Howard Karagheusian Commemorative reported a distributable amount of $3.5M for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Howard Karagheusian Commemorative is led by Harry S. Cherken Jr. Esq., President since 2022 (on filings since 2019); 2 of 8 officers listed in 2025 are compensated.
Officers on the 2025 filing
Harry S. Cherken Jr. Esq.
President
Vice President → President, 2022
On filings since 2019
3 hrs/week
No compensation reported
Irina Lazarian
Managing Director
On filings since 2019
60 hrs/week
$150K (2019) → $245K (2025)
Ann Giragosian Daw
Trustee
On filings since 2019
3 hrs/week
No compensation reported
Raffi Charles Tokatlian
Trustee
On filings since 2019
3 hrs/week
No compensation reported
Suzanne M. Akian
Trustee
On filings since 2019
3 hrs/week
No compensation reported
Haig Najarian
Trustee
On filings since 2021
3 hrs/week
No compensation reported
Richard J. Varadian
Treasurer & Secretary
On filings since 2019
3 hrs/week
$39K (2022) → $47K (2025)
Dennis R. Tarzian
Vice President
Trustee → Vice President, 2022
On filings since 2019
3 hrs/week
No compensation reported
Former officers (2)
- Former: H. Irma Der Stepanian (2019–2021) — Vice President
- Former: Zaven Tachdjian (2019–2021) — President
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.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $245K, to Irina Lazarian (Managing Director). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Howard Karagheusian Commemorative
How much does Howard Karagheusian Commemorative give each year?
Howard Karagheusian Commemorative gave $3.2M across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $3.1M across 5 grants.
What is Howard Karagheusian Commemorative's typical grant size?
Howard Karagheusian Commemorative's median grant in 2025 was $719,640, and its average grant was $1,081,793, across 3 grants on its 2025 IRS Form 990-PF.
Does Howard Karagheusian Commemorative give general operating support?
Not in 2025: none of the 3 grants with a stated purpose on Howard Karagheusian Commemorative's 2025 IRS Form 990-PF were described as general or operating support.
How large is Howard Karagheusian Commemorative?
Howard Karagheusian Commemorative reported $33.3M in total assets on its 2025 IRS Form 990-PF. It paid out $3.8M in qualifying distributions that year, against a required minimum of $3.5M (roughly 5% of its investment assets).
Where does Howard Karagheusian Commemorative operate?
Howard Karagheusian Commemorative has awarded grants in California, Kentucky, Massachusetts.
What is Howard Karagheusian Commemorative's EIN?
Howard Karagheusian Commemorative's EIN (Employer Identification Number) is 13-6149578. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS August 7, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS April 30, 2026)
- IRS filings on file for fiscal years 2020–2024
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