Jack Munushian Charitable Trust

LOS ANGELES, CA EIN: 20-6601987

Jack Munushian Charitable Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$7.6M

+1.4% YoY

Annual Giving

$750K

+0.0% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$375K

+0.0% YoY

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.

About Jack Munushian Charitable Trust

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New York $2.5M (67%)

California $1.3M (33%)

States

California New York

Cities

New YorkOakland

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$7,572,554	$7,465,772	$7,622,963
Revenue	$1,093,441	$851,393	$1,242,967
Expenses	$908,542	$901,379	$901,477
Qualifying Distributions	$819,844	$833,593	$840,948
Net Investment Income	$1,026,945	$799,009	$1,192,038
Distributable Amount	$745,817	$704,222	$723,276

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Grant Size Distribution

10 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Armenian General Benevolent Union ($500,000), American University of Armenia Corporation ($250,000).

Recipient	Purpose	Amount
AMERICAN UNIVERSITY OF ARMENIA CORPORATION OAKLAND, CA	TO SUPPORT GENERAL OPERATIONS, SCHOLARSHIPS FOR VETERANS AND WOMEN IN TECH	$250,000
ARMENIAN GENERAL BENEVOLENT UNION NEW YORK, NY	TO SUPPORT GENERAL EDUCATION AND ARMENIAN PROGRAMS	$500,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
GARY R PHILLIPS	CO-TRUSTEE	3	$60,533
ZOUHRAB BASSMAJIAN	CO-TRUSTEE	1	$32,680

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Jack Munushian Charitable Trust?

Jack Munushian Charitable Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LOS ANGELES, CA. It holds $7.6M in total assets as of 2024.

How large is Jack Munushian Charitable Trust?

As of 2024, Jack Munushian Charitable Trust holds $7.6M in total assets with $1.1M in annual revenue. It awarded 2 grants totaling $750K in 2024.

Where does Jack Munushian Charitable Trust operate?

Jack Munushian Charitable Trust has awarded grants in California, New York.

What size grants does Jack Munushian Charitable Trust award?

In 2024, Jack Munushian Charitable Trust awarded 2 grants totaling $750K — an average of about $375K per grant, based on its IRS Form 990 filings.

How much is Jack Munushian Charitable Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Jack Munushian Charitable Trust reported a distributable amount of $746K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

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.