The Avanessians Foundation

Private foundation · Grantmaker New York, NY EIN: 26-6671956

The Avanessians Foundation is a private foundation, based in New York, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $64.0M in total assets. In 2024, it awarded 1 grant totaling $2.4M. Net investment income was $5.6M.

Key facts about The Avanessians Foundation

In short: The Avanessians Foundation gave $2.4M across 1 grant in 2024 (avg $2.4M), mostly in New York. Source: 2024 IRS Form 990-PF.

EIN
26-6671956
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$2,425,081
Grants made (2024)
1
Average grant
$2,425,081
Median grant
$2,425,081
Total assets
$64,020,212
Primary geography
New York (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$64.0M

+5.7% YoY

Annual Giving

$2.4M

-52.9% YoY

Grant Count

1

-75.0% YoY

Avg Grant Size

$2.4M

+88.3% YoY

Under IRS private-foundation payout rules, The Avanessians Foundation reported a distributable amount of $3.5M for 2024 — the minimum it must pay out in qualifying distributions.

How The Avanessians Foundation gives

  • Giving held roughly steady from 2021 to 2024 (+18%). Method
  • In 2024 it paid out 70% 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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

2states

Share of the 2024 grant dollars on its one itemized grant.

Cities

New YorkAlbanyHartford

Giving Over Time

Total grant dollars and number of grants per year

$0$2M$4M$6M1 grant2020 2 grants2021 2 grants2022 4 grants2023 1 grant2024

From 2020 to 2024, annual grant giving ranged from $2.1M (2021) to $5.2M (2023). In 2024 it made 1 grant totaling $2.4M.

Grant Insights

How this funder distributes its grants

Top Recipients

Top recipient in 2024

Goldman Sachs Gives: $2.4MGoldman Sachs Gives$2.4M

The largest 2024 recipient was Goldman Sachs Gives ($2.4M).

Grant Size Distribution

10 grants across all recorded years

2<$50K$50–100K2$100–250K1$250–500K$500K–1M5$1–5M$5M+

The most common grant size was in the $1–5M range: 5 grants of 10 (50%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Goldman Sachs Gives New York, NYGeneral Charitable Purposes$2,425,081

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$5M$10M$15M$20M2020 2021 2022 2023 2024
Metric202420232022
Total Assets$64,020,212$60,549,452$58,341,746
Revenue$5,672,027$8,817,934$2,781,725
Expenses$2,673,968$5,352,227$3,246,877
Qualifying Distributions$2,437,736$5,167,016$3,121,770
Net Investment Income$5,550,795$5,677,623$1,060,932
Distributable Amount$3,493,292$3,052,301$4,619,055

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

The Avanessians Foundation is led by Armen A. Avanessians, Trustee on every filing since 2020 — the only officer listed, and uncompensated.

Officers on the 2024 filing

  • Armen A. Avanessians

    Trustee

    On filings since 2020

    1 hr/week

    No compensation reported

Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about The Avanessians Foundation

How much does The Avanessians Foundation give each year?

The Avanessians Foundation gave $2.4M across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $5.2M across 4 grants.

How large is The Avanessians Foundation?

The Avanessians Foundation reported $64.0M in total assets on its 2024 IRS Form 990-PF. It paid out $2.4M in qualifying distributions that year, against a required minimum of $3.5M (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.

Where does The Avanessians Foundation operate?

The Avanessians Foundation has awarded grants in Connecticut, New York.

What is The Avanessians Foundation's EIN?

The Avanessians Foundation's EIN (Employer Identification Number) is 26-6671956. IRS Form 990 filing data is available on this page for 2020–2024.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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