Nazareth & Nila Festekjian Family Foundation
Nazareth & Nila Festekjian Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.4M in total assets. In 2024, it awarded 9 grants totaling $81K. Net investment income was $39K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.4M
+67.0% YoY
Annual Giving
$81K
-2.4% YoY
Grant Count
9
-30.8% YoY
Avg Grant Size
$9K
+40.9% YoY
Under IRS private-foundation payout rules, Nazareth & Nila Festekjian Family Foundation reported a distributable amount of $101K for 2024 — the minimum it must pay out in qualifying distributions.
About Nazareth & Nila Festekjian Family Foundation
Based on IRS filings
Nazareth & Nila Festekjian Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.4M in total assets. In 2024, it awarded 9 grants totaling $81K. Net investment income was $39K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,393,419 | $1,432,836 | $1,479,098 |
| Revenue | $1,046,030 | $41,086 | $26,833 |
| Expenses | $85,447 | $87,348 | $100,542 |
| Qualifying Distributions | $84,676 | $86,575 | $100,525 |
| Net Investment Income | $38,919 | $41,086 | $26,833 |
| Distributable Amount | $100,806 | $76,263 | $85,984 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
Grant Size Distribution
49 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Armenian General Benvolent Union ($50,000), Armenian General Benvolent Union ($8,000), Armenian General Benvolent Union ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ARMENIAN GENERAL BENVOLENT UNION NEW YORK, NY | Arvest at the General Assembly FUND | $5,000 |
| ARMENIAN GENERAL BENVOLENT UNION NEW YORK, NY | General & Unrestricted | $8,000 |
| ARMENIAN GENERAL BENVOLENT UNION NEW YORK, NY | Camp Nubar 60th Anniversary FUND | $5,000 |
| ARMENIAN GENERAL BENVOLENT UNION NEW YORK, NY | AGBU Berge Setrakian Leadership Fund | $50,000 |
| CARNEGIE HALL A CORPORATION LEWISBURG, WV | General & Unrestricted | $2,000 |
| DIOCESE OF THE ARMENIAN CHURCH OF AMERICA NEW YORK, NY | Bishop's Annual Appeal FUND | $2,500 |
| DIOCESE OF THE ARMENIAN CHURCH OF AMERICA NEW YORK, NY | Charitable Event | $5,000 |
| NORTHWESTERN UNIVERSITY EVANSTON, IL | General & Unrestricted | $2,500 |
| ST THOMAS ARMENIAN CHURCH TENAFLY, NJ | General & Unrestricted | $500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Nazareth A Festekjian | Pres, Dir, Sec | 1 | — |
| Nila Festekjian | VP | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Nazareth & Nila Festekjian Family Foundation?
Nazareth & Nila Festekjian Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. It holds $2.4M in total assets as of 2024.
How large is Nazareth & Nila Festekjian Family Foundation?
As of 2024, Nazareth & Nila Festekjian Family Foundation holds $2.4M in total assets with $1.0M in annual revenue. It awarded 9 grants totaling $81K in 2024.
Where does Nazareth & Nila Festekjian Family Foundation operate?
Nazareth & Nila Festekjian Family Foundation has awarded grants in California, District of Columbia, Illinois, Massachusetts, New Jersey, New York, West Virginia.
What size grants does Nazareth & Nila Festekjian Family Foundation award?
In 2024, Nazareth & Nila Festekjian Family Foundation awarded 9 grants totaling $81K — an average of about $9K per grant, based on its IRS Form 990 filings.
How much is Nazareth & Nila Festekjian Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Nazareth & Nila Festekjian Family Foundation reported a distributable amount of $101K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Nazareth & Nila Festekjian Family Foundation's EIN?
Nazareth & Nila Festekjian Family Foundation's EIN (Employer Identification Number) is 20-8679656. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Nazareth & Nila Festekjian Family Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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