The H Hovnanian Family Foundation
The H. Hovnanian Family Foundation is a private foundation based in Tinton Falls, New Jersey. It supports programs and institutions serving the Armenian community in Armenia and the United States, with a particular focus on Monmouth and Ocean Counties, New Jersey.
Key facts about The H Hovnanian Family Foundation
In short: The H Hovnanian Family Foundation gave $10.2M across 73 grants in 2024 (avg $139K), top state New Jersey. 51% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- EIN
- 59-2714390
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $10,153,271
- Grants made (2024)
- 73
- Average grant
- $139,086
- Median grant
- $20,000
- New grantees (estimate)
- 51% first-time grantees (36 of 70, 2024)
- Total assets
- $212,449,069
- Primary geography
- New Jersey (43% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$212.4M
+3.1% YoY
Annual Giving
$10.2M
+3.3% YoY
Grant Count
73
-28.4% YoY
Avg Grant Size
$139K
+44.3% YoY
Under IRS private-foundation payout rules, The H Hovnanian Family Foundation reported a distributable amount of $10.3M for 2024 — the minimum it must pay out in qualifying distributions.
Is The H Hovnanian Family Foundation open to new grantees?
51%
first-time grantees, 2024
In 2024, 36 of 70 grantees (51%) were first-time recipients. First grants averaged $52K; repeat grants $243K. How we count
Medians: $16K first-time, $25K repeat.
- 39% of 2024 grantees were also funded in 2023. Method
- Giving grew 78% from 2021 to 2024. Method
- In 2024 it paid out 123% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2021–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
The foundation’s website says its mission is to foster creativity, innovate solutions, and fund impactful changes. Its stated focus areas include education, healthcare, arts and cultural preservation, youth development, entrepreneurship and innovation, volunteerism, ecotourism, and community development. Its guiding principles include improving healthcare access and vocational-institution infrastructure in Monmouth and Ocean Counties, supporting education and practical experience for students who can contribute to Armenia’s development, and strengthening ties between the Armenian diaspora and Armenia.
The foundation supports existing nonprofit programs and institutions. Its 2024 grants included a university, a medical-center foundation, a school, and organizations working in areas such as mental health, media, scholarships, and family housing. For example, Community Medical Center Foundation describes its role as supporting the charitable programs and services of a healthcare provider, while Hovnanian School says it aims to strengthen the Armenian community through education. These are descriptions from the grantees themselves.
Grantmaking
In filing year 2024, the foundation reported 73 grants totaling $10,153,271. Grant amounts ranged from $1,106 to $2,010,000, with a median of $20,000. The largest awards included $2,010,000 to Villanova University, $2,000,000 to Community Medical Center Foundation, $1,111,700 to Birthright Armenia, $1,074,552 to Armenia SME Fund, $1,071,000 to Ocean County Votech School, and $1,000,000 to Hovnanian School. The filing described these grants as unrestricted support for the recipients’ exempt purposes.
For Armenian grants, the foundation’s website says applications were accepted year-round and reviewed quarterly; beginning in the third quarter of 2024, each quarter was assigned a specific focus area. Applicants are directed to complete an eligibility quiz and apply through the foundation’s application process. U.S. applicants are also directed to complete an eligibility quiz. U.S. eligibility criteria include IRS-recognized 501(c)(3) status, at least one year of program outcomes, and activities within the foundation’s focus areas. Preference is given to organizations applying funding substantially in New Jersey, especially Monmouth and Ocean Counties. The website says requests over $10,000 cannot be for existing operational expenses, and excludes operational overhead, non-registered organizations, political action groups, proposals without a sustainability plan, and requests to produce something for commercial sale.
The 2024 filing says a preliminary application should be submitted on the organization’s letterhead and describe the proposed use of funds. It also lists financial statements for the three most recent accounting periods and proof of 501(c)(3) status as required materials, and says a formal application may be required. The filing states there are no deadlines and that awards are restricted to qualifying tax-exempt organizations or governments for charitable purposes.
Open Grants
1 open opportunity from The H Hovnanian Family Foundation
Ready to take the next step with The H Hovnanian Family Foundation?
Geographic Focus
Where this funder awards grants
The foundation’s website identifies Armenia and the United States as its primary areas of support, with a focus on Monmouth and Ocean Counties in New Jersey. In 2024, 43% of grant dollars went to recipients in New Jersey and 31% to recipients in Pennsylvania; the filing data also lists shares for other recipient states. The foundation’s Armenian grants support initiatives benefiting Armenians and the Republic of Armenia.
Grant Distribution by State
Share of 2024 grant dollars across all 73 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2024, annual grant giving ranged from $5.7M (2021) to $10.2M (2024). In 2024 it made 73 grants totaling $10.2M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Villanova University ($2.0M). Together the top 10 received $9.0M.
Organizations only. It also paid 4 grants to individuals ($25,380), which are not listed by name.
Grant Size Distribution
337 grants across all recorded years
The most common grant size was under $50K: 277 grants of 337 (82%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Villanova University Villanova, PA | Unrestricted Grant to Support the Organization's Exempt Purpose. | $2,010,000 |
| Community Medical Center Foundation Toms River, NJ | Unrestricted Grant to Support the Organization's Exempt Purpose. | $2,000,000 |
| Birthright Armenia Wynnewood, PA | Unrestricted Grant to Support the Organization's Exempt Purpose. | $1,111,700 |
| Armenia SME Fund | Unrestricted Grant to Support the Organization's Exempt Purpose. | $1,074,552 |
| Ocean County Votech School Toms River, NJ | Unrestricted Grant to Support the Organization's Exempt Purpose. | $1,071,000 |
| Hovnanian School New Milford, NJ | Unrestricted Grant to Support the Organization's Exempt Purpose. | $1,000,000 |
| Repat Armenia Foundation | Unrestricted Grant to Support the Organization's Exempt Purpose. | $259,050 |
| Friends of Botanical Gardens | Unrestricted Grant to Support the Organization's Exempt Purpose. | $229,789 |
| ACS Ic Our Lady of Armenia Convent | Unrestricted Grant to Support the Organization's Exempt Purpose. | $125,000 |
| Armand Hammer United World Montezuma, NM | Unrestricted Grant to Support the Organization's Exempt Purpose. | $100,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants | Grant count |
|---|---|---|---|---|---|
| 2024 | $212,449,069 | $26,612,677 | $14,640,462 | $10,153,271 | 73 |
| 2023 | $206,038,720 | $11,910,290 | $14,095,731 | $9,832,291 | 102 |
| 2022 | $208,193,961 | $10,975,273 | $13,365,863 | $9,760,560 | 90 |
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $212,449,069 | $206,038,720 | $208,193,961 |
| Revenue | $26,612,677 | $11,910,290 | $10,975,273 |
| Expenses | $14,640,462 | $14,095,731 | $13,365,863 |
| Qualifying Distributions | $12,686,427 | $12,129,539 | $11,018,825 |
| Net Investment Income | $24,758,856 | $10,049,812 | $6,910,698 |
| Distributable Amount | $10,281,913 | $10,219,780 | $9,173,622 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Edele Hovnanian as president; Gorr Sahakian as vice president and secretary; Siran Sahakian as treasurer; and Leela Hovnanian and Tanya Hovnanian Baghdasarian as trustees.
The H Hovnanian Family Foundation is led by Edele Hovnanian, President on every filing since 2021; 1 of 5 officers listed in 2024 is compensated.
Officers on the 2024 filing
Edele Hovnanian
President
On filings since 2021
22 hrs/week
$156K (2021) → $150K (2024)
Leela Hovnanian
Trustee
On filings since 2021
2 hrs/week
$12K (2021) → $0 (2024)
Tanya Hovnanian Baghdasarian
Trustee
On filings since 2021
2 hrs/week
$12K (2021) → $0 (2024)
Gorr Sahakian
Vice President & Secretary
On filings since 2021
2 hrs/week
$12K (2021) → $0 (2024)
Siran Sahakian
Treasurer
On filings since 2021
2 hrs/week
$12K (2021) → $0 (2024)
Former officers (5)
- Former: Armen Hovnanian (2021–2022) — Trustee
- Former: Haik Sahakian (2021–2022) — Trustee
- Former: Shant Sahakian (2021–2022) — Trustee
- Former: Teny Sahakian (2021–2022) — Trustee
- Former: Hirair Hovnanian (2021) — Chairman · Filing note: Deceased 42022
Data from IRS Form 990 filings, 2021–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $150K, to Edele Hovnanian (President).
Contact
Application contact: Edele Hovnanian President
Mailing address: 4000 Route 66, Tinton Falls, NJ 07753
Phone: (732) 922-6100
Website: https://hovnanianfoundation.org
Frequently asked questions about The H Hovnanian Family Foundation
How much does The H Hovnanian Family Foundation give each year?
The H Hovnanian Family Foundation gave $10.2M across 73 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $9.8M across 102 grants.
What is The H Hovnanian Family Foundation's typical grant size?
The H Hovnanian Family Foundation's median grant in 2024 was $20,000, and its average grant was $139,086, across 73 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from The H Hovnanian Family Foundation that year got $52K on average.
Where does The H Hovnanian Family Foundation give grants?
The H Hovnanian Family Foundation's top state is New Jersey, with 43% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest state was Pennsylvania (31%). The most frequent recipient cities were Toms River, NJ (4 grants), New York, NY (3 grants), Long Branch, NJ (2 grants) and Red Bank, NJ (2 grants).
Does The H Hovnanian Family Foundation give general operating support?
Yes: 100% of The H Hovnanian Family Foundation's 2024 grants with a stated purpose (73 of 73) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are The H Hovnanian Family Foundation's largest grantees?
The H Hovnanian Family Foundation's largest 2024 grantees include Villanova University ($2,010,000), Community Medical Center Foundation ($2,000,000) and Birthright Armenia ($1,111,700), according to its 2024 IRS Form 990-PF. It also paid 4 grants to individuals ($25,380), which are not listed by name. Together they received 50% of its itemized 2024 grant dollars.
How large is The H Hovnanian Family Foundation?
The H Hovnanian Family Foundation reported $212.4M in total assets on its 2024 IRS Form 990-PF. It paid out $12.7M in qualifying distributions that year, against a required minimum of $10.3M (roughly 5% of its investment assets).
What does The H Hovnanian Family Foundation fund?
The foundation’s website says its mission is to foster creativity, innovate solutions, and fund impactful changes. See mission & focus areas ↑
How do I apply for a grant from The H Hovnanian Family Foundation?
The H Hovnanian Family Foundation has no public application process in the sources Grantable reviewed. Check hovnanianfoundation.org for current guidelines, or contact the foundation directly before submitting a request.
What is The H Hovnanian Family Foundation's EIN?
The H Hovnanian Family Foundation's EIN (Employer Identification Number) is 59-2714390. IRS Form 990 filing data is available on this page for 2021–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Here's the math on researching The H Hovnanian Family Foundation by hand.
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