Richard Dermenjian Charitable Trust
The Richard Dermen Jian Charitable Trust is a private foundation based in Media, Pennsylvania. It funds educational scholarships for students; its 2025 filing states that it awarded scholarships to 11 students attending 11 different schools.
Richard Dermenjian Charitable Trust at a glance
In short: Richard Dermenjian Charitable Trust gave $38K across 11 grants in 2025 (avg $3K), top state Pennsylvania. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $38,000
- -8.4% vs 2024
- Grants made (2025)
- 11
- -15.4% vs 2024
- Average grant
- $3,455
- +8.2% vs 2024
- Median grant
- $3,000
- Total assets
- $1,491,092
- +10.7% vs 2024
- Primary geography
- Pennsylvania (30% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
How to apply to Richard Dermenjian Charitable Trust
- How to Apply
-
Contact co-trustee Kirk Karagelian. The filing lists application cycles every June and December, prior to the college semester. As of October 2, 2026, those listed cycles are past; the filing does not state a future deadline.
- Contact
Application contact: Kirk Karagelian Co-Trustee
Mailing address: PO Box 547, Media, PA 19063
Phone: (610) 892-9800
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Richard Dermenjian Charitable Trust funds
How this funder distributes its grants
Grant Size Distribution
64 grants across all recorded years
The most common grant size was under $50K: 64 grants of 64 (100%).
Geographic Focus
Where this funder awards grants
The trust’s 2025 filing says scholarships were awarded to students attending schools throughout the United States. That year, grant dollars went to recipients in Pennsylvania (30%), New Jersey (28%), Maryland (17%), New York (16%), and Massachusetts (9%).
Grant Distribution by State
Share of 2025 grant dollars across all 11 itemized grants.
States
Cities
How Richard Dermenjian Charitable Trust gives
- Giving held roughly steady from 2022 to 2025 (+3%). Method
- In 2025 it paid out 73% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2025, annual grant giving ranged from $37K (2022) to $51K (2023). In 2025 it made 11 grants totaling $38K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 11 individual scholarships Recipients not named | — | $38,000 |
Ready to take the next step with Richard Dermenjian Charitable Trust?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $1,491,092 | $75,301 | $71,237 | $38,000 | 11 | $49,800 | $55,264 | $68,388 |
| 2024 | $1,346,459 | $100,596 | $73,627 | $41,500 | 13 | $53,140 | $82,260 | $63,248 |
| 2023 | $1,247,899 | $33,495 | $80,967 | $50,500 | 14 | $61,960 | $36,438 | $58,045 |
| 2022 | $1,168,068 | $73,639 | $53,206 | $37,000 | 11 | $48,050 | $70,605 | $58,933 |
| 2021 | $1,355,062 | $288,287 | $58,943 | $43,000 | 15 | $53,700 | $285,258 | $51,017 |
| 2020 | $1,232,450 | $46,538 | $54,534 | $38,500 | 14 | — | $43,250 | $53,175 |
Under IRS private-foundation payout rules, Richard Dermenjian Charitable Trust reported a distributable amount of $68K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Grantmaking
In filing year 2025, the trust gave 11 scholarships totaling $38,000. Awards ranged from $500 to $6,500, with a median of $3,000. The filing lists all 11 recipients as individuals and identifies each award’s purpose as a college scholarship.
The trust’s 2025 filing says it does not restrict giving to preselected organizations. Its application checklist requests a recent photo (optional); a high school or college transcript; two letters of proof of Armenian heritage; two letters of recommendation; copies of any previous financial-aid applications, if applicable; federal tax returns for the applicant and parents for the previous three years, or the spouse’s return if married; an essay; signed authorization to contact the school; and, for applicants currently enrolled in college, a school invoice. Awards must be used for tuition.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Reverend Nerses Manoogian and K Kirk Karagelian as trustees.
Richard Dermenjian Charitable Trust's 2025 filing lists 2 officers; all 2 officers listed in 2025 are compensated.
Officers on the 2025 filing
K. Kirk Karagelian
Trustee
On filings since 2020
1 hr/week
$6K (2020) → $6K (2025)
Reverend Nerses Manoogian
Trustee
On filings since 2020
1 hr/week
$6K (2020) → $6K (2025)
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $6K, to Reverend Nerses Manoogian (Trustee). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Richard Dermenjian Charitable Trust
How much does Richard Dermenjian Charitable Trust give each year?
Richard Dermenjian Charitable Trust gave $38K across 11 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $42K across 13 grants.
What is Richard Dermenjian Charitable Trust's typical grant size?
Richard Dermenjian Charitable Trust's median grant in 2025 was $3,000, and its average grant was $3,455, across 11 grants on its 2025 IRS Form 990-PF.
Where does Richard Dermenjian Charitable Trust give grants?
Richard Dermenjian Charitable Trust's top state is Pennsylvania, with 30% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were New Jersey (28%) and Maryland (17%).
Does Richard Dermenjian Charitable Trust give general operating support?
Not in 2025: none of the 11 grants with a stated purpose on Richard Dermenjian Charitable Trust's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "College Scholarship" (11 grants).
How large is Richard Dermenjian Charitable Trust?
Richard Dermenjian Charitable Trust reported $1.5M in total assets on its 2025 IRS Form 990-PF. It paid out $50K in qualifying distributions that year, against a required minimum of $68K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
How do I apply for a grant from Richard Dermenjian Charitable Trust?
Contact co-trustee Kirk Karagelian. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Richard Dermenjian Charitable Trust's EIN?
Richard Dermenjian Charitable Trust's EIN (Employer Identification Number) is 26-6607162. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 12, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Richard Dermenjian Charitable Trust funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
- Nixa Affiliate Grantmaking Program Up to US $10,000 · Due October 19, 2026
- Community and School Grants $28,000 total pool; 10-15 grants expected · Due October 19, 2026
- Mary Pinola/Crescenta Valley Chamber Education Fund $500 - $5,000 for ongoing programs; up to $15,000 for Strategic Initiative Grants · Due October 19, 2026
Explore Open Grants
Browse active grant opportunities in Richard Dermenjian Charitable Trust's focus areas in our free grants database
Similar Funders
Similar funders in Pennsylvania
The Pittsburgh Foundation
Pittsburgh, PA
The Pittsburgh Foundation funds nonprofits working in basic needs, equity and social justice, environmental action, arts and culture, and economic mobility, with most opportunities for organizations in Allegheny County or primarily serving its residents. Its 2024 grants had a median amount of about $18,600, though awards varied widely. The profile does not state whether it accepts unsolicited requests.
Assets
$1.5B
Grants
1,132
Total Given
$64.0M
The William Penn Foundation
Philadelphia, PA
The William Penn Foundation funds arts and culture, children and families, civic participation, the environment and public spaces, and workforce training, primarily in the Philadelphia region. Its 2024 median grant was $50,000, though awards varied widely. It accepts unsolicited requests through limited open applications and invites letters of inquiry from public charities.
Assets
$3.4B
Grants
1,027
Total Given
$148.8M
Dick's Sporting Goods Foundation
Coraopolis, PA
DICK’S Sporting Goods Foundation primarily funds youth sports participation in under-resourced communities, including equipment, registration costs and facilities, and also supports outdoor access and education. Its 2025 grants ranged from $626 to $2.5 million, with a median of $5,000, and Sports Matter funding has reached all 50 states. Sports Matter opportunities are by invitation only; the foundation says 501(c)(3) grant requests should be submitted in writing.
Assets
$34.5M
Grants
964
Total Given
$18.0M
Hillman Family Foundations
Pittsburgh, PA
The 18 independently operated foundations support projects in areas such as arts and culture, health, education, economic development, and community improvement, with a preference for Pittsburgh and southwestern Pennsylvania; each foundation has its own geographic focus. In 2024, grants ranged from $75 to $5 million, with a median of $20,000. The 2024 filing says unsolicited requests are accepted, beginning with a brief letter of intent through the online portal.
Assets
$1.9B
Grants
814
Total Given
$88.8M
Pidc Financing Corporation
Philadelphia, PA
PIDC Financing Corporation administers Pennsylvania business loans for real estate, leasehold improvements, and equipment, as well as partner-funded grants for Philadelphia economic, cultural, civic, historical, storefront, and stormwater projects. Its 2024 filing reports no grants, so no typical giving level is stated; grant partners select recipients, and the profile does not state whether unsolicited requests are accepted.
Assets
$6.7M
Grants
774
Total Given
$16.4M
Pennsylvania CDFI Network
Philadelphia, PA
The Pennsylvania CDFI Network funds Pennsylvania CDFIs and community-development organizations, and supports small businesses through counseling, technical assistance, loan capital, and some microgrants. Its 2025 grants had a median of $10,000, with awards ranging from $6,000 to $7,124,547; its business assistance programs serve all 67 Pennsylvania counties. The profile does not state whether it accepts unsolicited requests.
Assets
$4.5M
Grants
180
Total Given
$15.5M
More similar funders
More Funders in Pennsylvania
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Richard Dermenjian Charitable Trust's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Richard Dermenjian Charitable Trust down — hundreds of funders to go?