Richard Dermenjian Charitable Trust
Richard Dermenjian Charitable Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MEDIA, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.3M in total assets. In 2024, it awarded 13 grants totaling $42K. Net investment income was $82K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.3M
+7.9% YoY
Annual Giving
$42K
-17.8% YoY
Grant Count
13
-7.1% YoY
Avg Grant Size
$3K
-11.5% YoY
Under IRS private-foundation payout rules, Richard Dermenjian Charitable Trust reported a distributable amount of $63K for 2024 — the minimum it must pay out in qualifying distributions.
About Richard Dermenjian Charitable Trust
Based on IRS filings
Richard Dermenjian Charitable Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MEDIA, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.3M in total assets. In 2024, it awarded 13 grants totaling $42K. Net investment income was $82K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,346,459 | $1,247,899 | $1,168,068 |
| Revenue | $100,596 | $33,495 | $73,639 |
| Expenses | $73,627 | $80,967 | $53,206 |
| Qualifying Distributions | $53,140 | $61,960 | $48,050 |
| Net Investment Income | $82,260 | $36,438 | $70,605 |
| Distributable Amount | $63,248 | $58,045 | $58,933 |
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
67 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Anna Tekeyan ($6,000), Gabrielle Sickler ($6,000), Philip Torikian ($6,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ANDRE KAZANCI PARAMUS, NJ | COLLEGE SCHOLARSHIP | $2,000 |
| ANI MKRTCHYAN CHEVY CHASE, MD | COLLEGE SCHOLARSHIP | $4,500 |
| ANNA TEKEYAN SUFFERN, NY | COLLEGE SCHOLARSHIP | $6,000 |
| ANTHONY ARAIAN CLIFFSIDE PARK, NH | COLLEGE SCHOLARSHIP | $500 |
| CYNTHIA HAVATIAN PARAMUS, NJ | COLLEGE SCHOLARSHIP | $2,500 |
| GABRIELLE SICKLER CINNAMINSON, NJ | COLLEGE SCHOLARSHIP | $6,000 |
| MICHAEL KENKANIAN FREDERICK, MD | COLLEGE SCHOLARSHIP | $1,000 |
| PHILIP TORIKIAN BROOMALL, PA | COLLEGE SCHOLARSHIP | $6,000 |
| SAREEN MINASIAN NEWTOWN SQUARE, PA | COLLEGE SCHOLARSHIP | $2,500 |
| SELLA BABALIAN BROOMALL, PA | COLLEGE SCHOLARSHIP | $1,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| REVEREND NERSES MANOOGIAN | TRUSTEE | 1 | $6,000 |
| K KIRK KARAGELIAN | TRUSTEE | 1 | $6,000 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Richard Dermenjian Charitable Trust?
Richard Dermenjian Charitable Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MEDIA, PA. It holds $1.3M in total assets as of 2024.
How large is Richard Dermenjian Charitable Trust?
As of 2024, Richard Dermenjian Charitable Trust holds $1.3M in total assets with $101K in annual revenue. It awarded 13 grants totaling $42K in 2024.
Where does Richard Dermenjian Charitable Trust operate?
Richard Dermenjian Charitable Trust has awarded grants in California, Florida, Massachusetts, Maryland, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island.
What size grants does Richard Dermenjian Charitable Trust award?
In 2024, Richard Dermenjian Charitable Trust awarded 13 grants totaling $42K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is Richard Dermenjian Charitable Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Richard Dermenjian Charitable Trust reported a distributable amount of $63K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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