Mark G Hovanasian Foundation
Mark G Hovanasian Foundation is a private foundation, based in North Andover, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $360K in total assets. In 2024, it awarded 4 grants totaling $34K. Net investment income was $20K.
Mark G Hovanasian Foundation at a glance
In short: Mark G Hovanasian Foundation gave $34K across 4 grants in 2024 (avg $8K), top state Massachusetts. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $33,500
- -6.9% vs 2023
- Grants made (2024)
- 4
- -20.0% vs 2023
- Average grant
- $8,375
- +16.3% vs 2023
- Median grant
- $8,750
- Total assets
- $359,854
- -5.8% vs 2023
- Primary geography
- Massachusetts (48% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who Mark G Hovanasian Foundation funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
The largest 2024 recipient was Saint Vartanantz ($15K). Together the top 4 received $34K.
Grant Size Distribution
23 grants across all recorded years
The most common grant size was under $50K: 23 grants of 23 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 4 itemized grants.
Cities
How Mark G Hovanasian Foundation gives
- Giving grew 46% from 2021 to 2024. Method
- In 2024 it paid out 119% 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 $18K (2022) to $36K (2023). In 2024 it made 4 grants totaling $34K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Saint Vartanantz Chelmsford, MA | Religious | $15,000 |
| St Jude's Memphis, TN | Medical | $15,000 |
| Krempels Center Porthmouth, NH | Medical | $2,500 |
| Dana Farber Cancer Institute Boston, MA | Medical | $1,000 |
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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 | $359,854 | $27,362 | $49,712 | $33,500 | 4 | $38,107 | $19,891 | $31,954 |
| 2023 | $382,204 | $-32,576 | $51,374 | $36,000 | 5 | $40,220 | $10,482 | $31,295 |
| 2022 | $466,154 | $54,117 | $30,338 | $17,500 | 3 | $21,874 | $46,188 | $35,412 |
| 2021 | $442,375 | $-125 | $41,125 | $23,000 | 6 | $28,636 | — | $43,303 |
| 2020 | $483,625 | $61,189 | $36,845 | $25,000 | 5 | — | $54,254 | $31,461 |
Under IRS private-foundation payout rules, Mark G Hovanasian Foundation reported a distributable amount of $32K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Mark G Hovanasian Foundation is led by Albert Pettoruto, Trustee on every filing since 2020 — the only officer listed, and compensated.
Officers on the 2024 filing
Albert Pettoruto
Trustee
On filings since 2020
1 hr/week
$9K (2020) → $9K (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 $9K, to Albert Pettoruto (Trustee).
Frequently asked questions about Mark G Hovanasian Foundation
How much does Mark G Hovanasian Foundation give each year?
Mark G Hovanasian Foundation gave $34K across 4 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $36K across 5 grants.
What is Mark G Hovanasian Foundation's typical grant size?
Mark G Hovanasian Foundation's median grant in 2024 was $8,750, and its average grant was $8,375, across 4 grants on its 2024 IRS Form 990-PF.
Where does Mark G Hovanasian Foundation give grants?
Mark G Hovanasian Foundation's top state is Massachusetts, with 48% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were Tennessee (45%) and New Hampshire (7%).
Does Mark G Hovanasian Foundation give general operating support?
Not in 2024: none of the 4 grants with a stated purpose on Mark G Hovanasian Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Medical" (3 grants).
How large is Mark G Hovanasian Foundation?
Mark G Hovanasian Foundation reported $360K in total assets on its 2024 IRS Form 990-PF. It paid out $38K in qualifying distributions that year, against a required minimum of $32K (roughly 5% of its investment assets).
What is Mark G Hovanasian Foundation's EIN?
Mark G Hovanasian Foundation's EIN (Employer Identification Number) is 47-1391177. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS September 15, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 14, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 12, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 17, 2025)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Mark G Hovanasian Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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