The Alan K and Isabelle DerKazarian Fdn
The Alan K and Isabelle DerKazarian Foundation is a private 501(c)(3) grantmaking foundation based in Belmont, Massachusetts. Established in 2005 by Dr. Alan K. DerKazarian, the foundation operates as a philanthropic organization dedicated to supporting education, healthcare, culture, and local charitable causes within its community.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.4M
+7.4% YoY
Annual Giving
$279K
+32.6% YoY
Grant Count
49
+4.3% YoY
Avg Grant Size
$6K
+27.2% YoY
Mission & Focus Areas
The foundation's mission is to support the Greater Boston community by aiding organizations aligned with the family's values and creating opportunities for people, particularly students, throughout Massachusetts.
Primary funding areas include:
- Education: Student scholarships and educational initiatives
- Healthcare: Medical and health-related organizations
- Culture: Armenian cultural and religious institutions
- Local Causes: Community-based charitable organizations
Grantmaking
The foundation actively distributes grants to a range of beneficiaries. Recent grantmaking activity includes:
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Geographic Focus
Where this funder awards grants
The foundation primarily supports organizations and individuals in the Greater Boston area and throughout Massachusetts, with particular emphasis on the local Belmont community.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Financial Data (2024):
- Revenue: $436,710
- Expenses: $339,861
- Total Assets: $1.4 million
- Total Liabilities: $1,660
Prior Year Data (2023):
- Total Revenues: $451,621
- Total Expenses: $252,657
- Total Assets: $1,302,933
The foundation generates revenue through dividends from securities held for investment, interest from cash investments, and capital gains from securities. These investment returns provide the primary funding source for the foundation's charitable activities.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,399,985 | $1,302,933 | $1,103,258 |
| Revenue | $436,710 | $451,621 | $396,388 |
| Expenses | $339,861 | $252,657 | $308,725 |
| Qualifying Distributions | $339,701 | $252,497 | $308,459 |
| Net Investment Income | $436,710 | $202,196 | $275,488 |
| Distributable Amount | $456,326 | $355,186 | $303,341 |
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
207 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Alan DerKazarian - Foundation President. Assumed leadership of the foundation in 2016 following the passing of his father, Dr. Alan K. DerKazarian, the foundation's founder. Alan has maintained a strong connection to his local community and has directed the foundation's expansion into additional focus areas beyond the founder's original priorities.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Alan H DerKazarian | Trustee | 8 | $16,200 |
| Isabelle DerKazarian | Trustee | 0.25 | — |
| Susan DerKazarian | Trustee | 0.25 | — |
| Mark C DerKazarian | Trustee | 0.25 | — |
Recent News & Activity
Recent developments and announcements
The foundation has recently expanded its scholarship initiatives, establishing new scholarship programs to support aspiring journalists and other student populations. The foundation continues to actively solicit donations to support its grant and scholarship distribution activities.
Alan K. and Isabelle DerKazarian Foundation establishes scholarship to support\Subject Areas
Focus areas based on grantmaking activity
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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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