K T Elghanayan Fund
The K T Elghanayan Fund is a private family foundation based in New York City. Established in 2015, it operates as a 501(c)(3) organization focused on philanthropic grantmaking to charitable causes across multiple sectors.
Key facts about K T Elghanayan Fund
- EIN
- 46-4335058
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $1,088,000
- Grants made (2024)
- 28
- Average grant
- $38,857
- Median grant
- $10,000
- New grantees (estimate)
- 21% first-time grantees (6 of 28, 2024)
- Total assets
- $20,603,581
- Primary geography
- New York (87% of itemized 2024 grant dollars)
- Accepts unsolicited proposals
- No
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who K T Elghanayan Fund funds
By grant dollars, the top recipient states for K T Elghanayan Fund's 28 itemized 2024 grants were New York (87%) and Connecticut (9%). The most frequent recipient cities were New York, NY (16 grants), Southampton, NY (2 grants) and New Haven, CT (2 grants). None of its 28 grants with a stated purpose were described as general or operating support. Recurring purposes include "Charitable" (28 grants).
Is K T Elghanayan Fund open to new grantees?
21%
first-time grantees, 2024
In 2024, 6 of 28 grantees (21%) were first-time recipients. First grants averaged $7K; repeat grants $48K. How we count
Medians: $8K first-time, $19K repeat.
- 68% of 2024 grantees were also funded in 2023. Method
- Giving grew 23% from 2021 to 2024. Method
- In 2024 it paid out 92% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with K T Elghanayan Fund
- How to evaluate K T Elghanayan Fund as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
- Draft an LOI to K T Elghanayan Fund with AI
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$20.6M
+7.6% YoY
Annual Giving
$1.1M
+2.5% YoY
Grant Count
28
-26.3% YoY
Avg Grant Size
$39K
+39.1% YoY
Under IRS private-foundation payout rules, K T Elghanayan Fund reported a distributable amount of $1.2M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's primary funding interests include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
- Science and STEM Education
Grantmaking
The foundation operates on a preselected basis only and does not accept unsolicited applications for funds.
Grant Range
$500 to $350,000
Average Grant
amount varies by year
Ready to take the next step with K T Elghanayan Fund?
Geographic Focus
Where this funder awards grants
The foundation primarily funds charitable causes in New York, Connecticut, and Wisconsin.
Grant Distribution by State
Share of all 28 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year Ending December 2024:
| Metric | Amount |
|---|---|
| Total Assets | $20,603,581 |
| Total Revenue | $2,722,507 |
| Total Expenses | $1,274,066 |
| Total Liabilities | $0 |
| Investment Income & Dividends | $805,916 |
| Net Gain from Sale of Assets | $1,867,205 |
| Total Giving | $1,088,000 |
Giving Rate: Approximately 5.5% of assets annually
Staffing: The foundation operates with no paid employees, relying entirely on volunteer board leadership.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $20,603,581 | $19,155,140 | $18,986,317 |
| Revenue | $2,722,507 | $1,421,659 | $2,559,914 |
| Expenses | $1,274,066 | $1,252,836 | $1,415,517 |
| Qualifying Distributions | $1,088,112 | $1,061,257 | $1,172,853 |
| Net Investment Income | $2,536,050 | $1,233,300 | $2,317,266 |
| Distributable Amount | $1,187,835 | $1,093,000 | $1,076,183 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
147 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include HSS Foundation ($250,000), NYU Langone Health ($200,000), Southampton Fresh Air Home ($125,000).
| Recipient | Purpose | Amount |
|---|---|---|
| HSS FOUNDATION New York, NY | CHARITABLE | $250,000 |
| NYU LANGONE HEALTH New York, NY | CHARITABLE | $200,000 |
| SOUTHAMPTON FRESH AIR HOME Southampton, NY | CHARITABLE | $125,000 |
| YALE UNIVERSITY New Haven, CT | CHARITABLE | $92,000 |
| NY ABANDONED ANGELS RESCUE Flushing, NY | CHARITABLE | $75,000 |
| MEMORIAL SLOAN-KETTERING New York, NY | CHARITABLE | $50,000 |
| CITIZENS' COMMITTEE FOR CHILDREN New York, NY | CHARITABLE | $50,000 |
| BRIDGEHAMPTON CHAMBER New York, NY | CHARITABLE | $35,000 |
| UJA FEDERATION New York, NY | CHARITABLE | $30,000 |
| SCAN- HARBOR INC New York, NY | CHARITABLE | $30,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- K Thomas Elghanayan – President
- Madeline Elghanayan – Secretary
- Jacob Elghanayan – Treasurer
- Jessica Elghanayan Shell – Director
All board members serve without compensation and on a volunteer basis (0 hours per week reported).
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| K Thomas Elghanayan | President | — | — |
| Madeline Elghanayan | Secretary | — | — |
| Jacob Elghanayan | Treasurer | — | — |
| Jessica Elghanayan Shell | Director | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does K T Elghanayan Fund fund?
The foundation's primary funding interests include: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services • Science and STEM Education
How do I apply for a grant from K T Elghanayan Fund?
**Grant Activity:** • Made 29 grants in 2024 • Grant range: $500 to $350,000 • Median grant size: $7,500–$10,000 • Average grant amount varies by year **Recent Notable Grants (2024):** • NYU Langone Health: $200,000 • Southampton Fresh Air Home for Crippled Children (SFAH): $125,000 • Yale University: $92,000 • Open Future Institute: $10,000 **Application Policy:** The foundation operates on a preselected basis only and does not accept unsolicited applications for funds.
Where does K T Elghanayan Fund make grants?
The foundation primarily funds charitable causes in New York, Connecticut, and Wisconsin.
What size grants does K T Elghanayan Fund award?
In 2024, K T Elghanayan Fund awarded 28 grants totaling $1.1M — an average of about $39K per grant, based on its IRS Form 990 filings.
How much is K T Elghanayan Fund required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, K T Elghanayan Fund reported a distributable amount of $1.2M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is K T Elghanayan Fund's EIN?
K T Elghanayan Fund's EIN (Employer Identification Number) is 46-4335058. IRS Form 990 filing data is available on this page for 2020–2024.
Does K T Elghanayan Fund accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.