Richard and Jane Manoogian Foundation
The Richard and Jane Manoogian Foundation is a private foundation established in July 1984 and based in Dearborn, Michigan. It operates as a 501(c)(3) organization with tax-exempt status. The foundation was created by Richard Manoogian, who joined Masco Corporation in 1958 and served as the company's chairman and chief executive officer. Masco Corporation was originally founded by Richard's father, Alex Manoogian, in 1929 as the Masco Screw Products Company, initially manufacturing machined automotive parts before expanding into building and home improvement industries.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$13.9M
-31.4% YoY
Annual Giving
$1.8M
-65.6% YoY
Grant Count
40
-18.4% YoY
Avg Grant Size
$44K
-57.9% YoY
Mission & Focus Areas
The foundation's giving priorities include:
- Arts — with particular emphasis on art museum support
- Education
- Health care
- Human services
- Community development
- Federated giving programs
Grantmaking
The foundation does not accept unsolicited applications. Prospective grantees should contact the foundation directly for information about funding opportunities.
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation provides funding nationally, with particular activity in Michigan, Maryland, and Florida.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year Ending June 2025:
- Total Assets: $13,925,876
- Revenue: -$2,297,049
- Expenses: $4,085,279
- Net Income: -$6,382,328
- Total Liabilities: $0
As of Fiscal Year Ending June 2023:
- Total Assets: $24,145,180 (ledger value)
- Total Income: $2,451,495
- Total Expenses: $3,851,814
Revenue Sources (FY 2023):
- Investment income and dividends: $348,507
- Net gain from sale of non-inventory assets: -$5,658,432
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $13,925,876 | $20,308,531 | $24,145,180 |
| Revenue | $-2,297,049 | $3,667,346 | $-5,309,925 |
| Expenses | $4,085,279 | $7,503,808 | $3,851,814 |
| Qualifying Distributions | $5,979,356 | $7,368,363 | $5,691,316 |
| Net Investment Income | $916,135 | $4,034,422 | $315,876 |
| Distributable Amount | $1,392,647 | $3,023,138 | $1,383,369 |
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 2025
Grant Size Distribution
98 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RICHARD A MANOOGIAN | CHAIRMAN | 20 | $300,000 |
| EUGENE GARGARO JR | PRESIDENT | 30 | $314,555 |
| JANE MANOOGIAN | DIRECTOR | 30 | $300,000 |
Recent News & Activity
Recent developments and announcements
The foundation has supported cultural institutions in Michigan, including:
**The Richard and Jane Manoogian Mackinac Art Museum** — located within Mackinac State Historic Parks on Mackinac Island
Mackinac Connect Foundation awarded $20,000 grant for employee programs\**The Richard and Jane Manoogian Art Gallery** — part of the A. Paul and Carol C. Schaap Center for the Performing Arts in Grosse Pointe Park, Michigan
The Schaap Center, which houses the Richard and Jane Manoogian Art Gallery, received a $50,000 grant from the Community Foundation for Southeast Michigan in support of its first year of operations and programming (announced February 2026).
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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