Jack Munushian Charitable Trust
Jack Munushian Charitable Trust is a private foundation, based in Los Angeles, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $7.6M in total assets. In 2024, it awarded 2 grants totaling $750K. Net investment income was $1.0M.
Jack Munushian Charitable Trust at a glance
In short: Jack Munushian Charitable Trust gave $750K across 2 grants in 2024 (avg $375K), mostly in New York. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $750,000
- +0.0% vs 2023
- Grants made (2024)
- 2
- +0.0% vs 2023
- Average grant
- $375,000
- +0.0% vs 2023
- Median grant
- $375,000
- Total assets
- $7,572,554
- +1.4% vs 2023
- Primary geography
- New York (67% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Jack Munushian Charitable Trust funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was Armenian General Benevolent Union ($500K). Together the top 2 received $750K.
Grant Size Distribution
10 grants across all recorded years
The most common grant size was in the $250–500K range: 5 grants of 10 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
States
Cities
How Jack Munushian Charitable Trust gives
- Giving held roughly steady from 2021 to 2024 (+0%). Method
- In 2024 it paid out 110% 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 2020 to 2024, annual grant giving ranged from $750K (2020) to $750K (2024). In 2024 it made 2 grants totaling $750K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Armenian General Benevolent Union New York, NY | To Support General Education and Armenian Programs | $500,000 |
| American University of Armenia Corporation Oakland, CA | To support general operations, scholarships for veterans and women in tech | $250,000 |
Ready to take the next step with Jack Munushian Charitable Trust?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $7,572,554 | $1,093,441 | $908,542 | $750,000 | 2 | $819,844 | $1,026,945 | $745,817 |
| 2023 | $7,465,772 | $851,393 | $901,379 | $750,000 | 2 | $833,593 | $799,009 | $704,222 |
| 2022 | $7,622,963 | $1,242,967 | $901,477 | $750,000 | 2 | $840,948 | $1,192,038 | $723,276 |
| 2021 | $7,221,504 | $847,582 | $877,918 | $750,000 | 2 | $832,595 | $802,696 | $743,649 |
| 2020 | $7,232,954 | $427,882 | $895,947 | $750,000 | 2 | — | $379,001 | $708,072 |
Under IRS private-foundation payout rules, Jack Munushian Charitable Trust reported a distributable amount of $746K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Jack Munushian Charitable Trust's 2024 filing lists 2 officers; all 2 officers listed in 2024 are compensated.
Officers on the 2024 filing
Gary R. Phillips
Co-Trustee
On filings since 2020
3 hrs/week
$76K (2020) → $61K (2024)
Zouhrab Bassmajian
Co-Trustee
On filings since 2020
1 hr/week
$32K (2020) → $33K (2024)
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $61K, to Gary R Phillips (Co-Trustee). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Jack Munushian Charitable Trust
How much does Jack Munushian Charitable Trust give each year?
Jack Munushian Charitable Trust gave $750K across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $750K across 2 grants.
How large is Jack Munushian Charitable Trust?
Jack Munushian Charitable Trust reported $7.6M in total assets on its 2024 IRS Form 990-PF. It paid out $820K in qualifying distributions that year, against a required minimum of $746K (roughly 5% of its investment assets).
Where does Jack Munushian Charitable Trust operate?
Jack Munushian Charitable Trust has awarded grants in California, New York.
What is Jack Munushian Charitable Trust's EIN?
Jack Munushian Charitable Trust's EIN (Employer Identification Number) is 20-6601987. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Jack Munushian Charitable Trust's focus areas in our free grants database
Similar Funders
Funders with grantees in common
Bedikmuran Foundation Inc
Garden City Park, NY
Assets
$1.2M
Grants
2
Total Given
$94K
BVS Family Foundation
Wilmington, DE
Assets
$675K
Grants
2
Total Given
$30K
Gabrellian Family Foundation Inc
Franklin Lakes, NJ
Assets
$2.7M
Grants
3
Total Given
$20K
Jace Foundation
Westlake Village, CA
Assets
$2.5M
Grants
6
Total Given
$259K
Z Victor & Marion V Paparigian
Big Bear Lake, CA
Assets
$1.8M
Grants
7
Total Given
$57K
Akian Foundation
Valencia, CA
Assets
$3.2M
Grants
8
Total Given
$303K
More similar funders
More Funders in California
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Jack Munushian Charitable Trust's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Jack Munushian Charitable Trust down — hundreds of funders to go?