John O Ounjian Foundation Inc

BOCA RATON, FL EIN: 11-3501028

John O Ounjian Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BOCA RATON, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $7.8M in total assets. In 2024, it awarded 3 grants totaling $2.2M.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$7.8M

+16.1% YoY

Annual Giving

$2.2M

+910.5% YoY

Grant Count

-25.0% YoY

Avg Grant Size

$744K

+1247.4% YoY

Under IRS private-foundation payout rules, John O Ounjian Foundation Inc reported a distributable amount of $368K for 2024 — the minimum it must pay out in qualifying distributions.

About John O Ounjian Foundation Inc

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Florida $26K (33%)

New Jersey $24K (31%)

Massachusetts $19K (24%)

Arizona $9K (11%)

New York $750 (1%)

States

Arizona Florida Massachusetts New Jersey New York

Cities

BostonFort LauderdaleMesaNewarkOakland Gardens

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$7,801,264	$6,717,735	$6,310,706
Revenue	$2,245,933	$27,414	$84,697
Expenses	$2,243,636	$232,968	$361,594
Qualifying Distributions	—	$220,921	$349,144
Net Investment Income	—	—	—
Distributable Amount	$368,375	$262,714	$244,475

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 2024

Grant Size Distribution

15 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include J S Foundation-armenia ($1,925,000), John Ounjian Educational Foundation ($297,500), Rutgers University ($10,000).

Recipient	Purpose	Amount
J S FOUNDATION-ARMENIA	EDUCATION AND COMMUNITY PROGRAMSAND CONSTRUCTION	$1,925,000
RUTGERS UNIVERSITY Newark, NJ	SCHOLARSHIPS	$10,000
JOHN OUNJIAN EDUCATIONAL FOUNDATION	SCHOLARSHIPS AND SUPPORT FOR THE ARMENIAN SCHOOL	$297,500

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
SIMON Y BALIAN	DIRECTOR	5	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is John O Ounjian Foundation Inc?

John O Ounjian Foundation Inc is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in BOCA RATON, FL. It holds $7.8M in total assets as of 2024.

How large is John O Ounjian Foundation Inc?

As of 2024, John O Ounjian Foundation Inc holds $7.8M in total assets with $2.2M in annual revenue. It awarded 3 grants totaling $2.2M in 2024.

Where does John O Ounjian Foundation Inc operate?

John O Ounjian Foundation Inc has awarded grants in Arizona, Florida, Massachusetts, New Jersey, New York.

What size grants does John O Ounjian Foundation Inc award?

In 2024, John O Ounjian Foundation Inc awarded 3 grants totaling $2.2M — an average of about $744K per grant, based on its IRS Form 990 filings.

How much is John O Ounjian Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, John O Ounjian Foundation Inc reported a distributable amount of $368K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.