Levon & Claudia Nazarian Family
The Levon & Claudia Nazarian Family Foundation is a private foundation established in 2002 and based in Cherry Hill, New Jersey. As a 501(c)(3) organization, it operates as a grantmaking foundation dedicated to supporting various public charitable institutions.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.3M
+0.2% YoY
Annual Giving
$368K
+20.5% YoY
Grant Count
20
-4.8% YoY
Avg Grant Size
$18K
+26.5% YoY
Under IRS private-foundation payout rules, Levon & Claudia Nazarian Family reported a distributable amount of $297K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's primary purpose is to support the activities of various public charitable institutions that are exempt under 501(c)(3) status. Its funding priorities include education, philanthropy and grantmaking, and human services.
Grantmaking
The foundation maintains a modest but active grantmaking program. Recent grant activity includes:
Grant Range
**: Awards typically range from $500 to $270,000
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Geographic Focus
Where this funder awards grants
The foundation's grantmaking focuses primarily on New York, New Jersey, and Virginia.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
- Total Assets: $5,281,697 (2024)
- Total Revenues: $429,282 (2024)
- Total Expenses: $417,914 (2024)
- Total Liabilities: $0 (2024)
- Staff: 0 employees
The foundation maintains a healthy financial position with assets significantly exceeding annual expenses, indicating a long-term commitment to sustained grantmaking.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $5,281,697 | $5,270,329 | $5,442,123 |
| Revenue | $429,282 | $180,689 | $272,220 |
| Expenses | $417,914 | $352,483 | $353,568 |
| Qualifying Distributions | $372,500 | $310,400 | $307,000 |
| Net Investment Income | $383,868 | $138,606 | $238,368 |
| Distributable Amount | $297,147 | $280,996 | $296,578 |
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
130 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 ($270,000), Diocese of the Armenian Church ($60,000), St Sahag & St Mesrob Armenian Church ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN INSTITUTE OF ULTRASOUND IN MEDICINE ENDOWMENT FOR EDUCTAION RESEAR LAUREL, MD | TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C)(3) | $2,000 |
| AMERICAN UNIVERSITY OF ARMENIA OAKLAND, CA | TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C)(3) | $5,000 |
| ARMENIAN AMERICAN HEALTH PROFESSIONALS ORGANIZATION FAR HILLS, NJ | TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C)(3) | $1,000 |
| ARMENIAN GENERAL BENEVOLENT UNION NEW YORK, NY | TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C)(3) | $270,000 |
| ARMENIAN MISSIONARY ASSOCIATION OF AMERICA PARAMUS, NJ | TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C)(3) | $1,000 |
| BOYS & GIRLS CLUB OF AMERICA ATLANTA, GA | TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C)(3) | $1,000 |
| DIOCESE OF THE ARMENIAN CHURCH NEW YORK, NY | TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C)(3) | $60,000 |
| FOOD BANK OF SOUTH JERSEY PENNSAUKEN TOWNSHIP, NJ | TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C)(3) | $1,000 |
| LEUKEMIA & LYMPHOMA SOCIETY RYE BROOK, NY | TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C)(3) | $2,500 |
| MAKE-A-WISH FOUNDATION MONROE TOWNSHIP, NJ | TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C)(3) | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LEVON NAZARIAN | DIRECTOR | 5 | — |
| CLAUDIA NAZARIAN | DIRECTOR | 5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Levon & Claudia Nazarian Family fund?
The foundation's primary purpose is to support the activities of various public charitable institutions that are exempt under 501(c)(3) status. Its funding priorities include education, philanthropy and grantmaking, and human services.
How do I apply for a grant from Levon & Claudia Nazarian Family?
The foundation maintains a modest but active grantmaking program. Recent grant activity includes: • **Grant Range**: Awards typically range from $500 to $270,000 • **Recent Grants (2024)**: • Armenian General Benevolent Union: $270,000 • Diocese of the Armenian Church of America: $60,000 • American University of Armenia Corporation (AUAC): (amount not specified in available data) • **Grant Volume**: The foundation made 28 grants in the most recent reporting year • **Total Annual Giving**: $368,…
Where does Levon & Claudia Nazarian Family make grants?
The foundation's grantmaking focuses primarily on New York, New Jersey, and Virginia.
What size grants does Levon & Claudia Nazarian Family award?
In 2024, Levon & Claudia Nazarian Family awarded 20 grants totaling $368K — an average of about $18K per grant, based on its IRS Form 990 filings.
How much is Levon & Claudia Nazarian Family required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Levon & Claudia Nazarian Family reported a distributable amount of $297K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Levon & Claudia Nazarian Family's EIN?
Levon & Claudia Nazarian Family's EIN (Employer Identification Number) is 11-3587458. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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