The H Hovnanian Family Foundation
The H. Hovnanian Family Foundation is a private grantmaking foundation established in January 1987 and based in Tinton Falls, New Jersey. Also known as the Hirair and Anna Hovnanian Foundation, it operates as a 501(c)(3) charitable organization dedicated to supporting nonprofit programs and institutions through grants, fellowships, scholarships, and program-related investments.
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
Mission & Focus Areas
The Foundation commits its support primarily to the Armenian community in Armenia and the United States, with a focus on Monmouth and Ocean Counties in New Jersey. It supports existing nonprofit programs and institutions with a long-standing history that provide value and impact to these regions.
Primary areas of focus include:
- Education
- Health
- Land conservation and the environment
- Cultural programs and events
- Youth empowerment
- Workforce development
- Public education reform
The Foundation also conducts programs, educational conferences, seminars, and cultural events to collectively and globally promote Armenia so the world better understands and experiences the country's opportunities for volunteerism, tourism, investment, and media coverage.
Grantmaking
The Foundation is an active grantmaker with typical award amounts ranging from $250,000 to $2,010,000.
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Geographic Focus
Where this funder awards grants
United States: The Foundation's U.S. philanthropy is focused primarily on Monmouth and Ocean Counties in New Jersey, where Mr. Hovnanian acquired his wealth. The Foundation also makes grants in New York and Pennsylvania.
Armenia: The Foundation maintains a significant commitment to Armenia, funding educational initiatives, environmental projects, workforce development, and youth empowerment programs throughout the country, with particular emphasis on regional communities outside Yerevan.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $212,449,069
- Total Revenue: $26,612,677
- Total Expenses: $14,640,462
- Total Giving: $10,153,271
As of 2023:
- Total Assets: $206,000,000
- Total Revenue: $11,900,000
- Total Expenses: $14,100,000
Investments: $137,400,000 (as of 2022)
| 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 |
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
200 grants across all recorded years
Open Grants
1 open opportunity from The H Hovnanian Family Foundation
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| EDELE HOVNANIAN | PRESIDENT | 22 | $150,000 |
| GORR SAHAKIAN | VICE PRESIDENT/SECRETARY | 2 | — |
| SIRAN SAHAKIAN | TREASURER | 2 | — |
| LEELA HOVNANIAN | TRUSTEE | 2 | — |
| TANYA HOVNANIAN BAGHDASARIAN | TRUSTEE | 2 | — |
Recent News & Activity
Recent developments and announcements
The Foundation has demonstrated active grantmaking across multiple priority areas:
**Education (2025):** Awarded over $400,000 to six initiatives improving public education in Armenia's regions. Funded projects include laboratory renovations at Patrick Devedjian Regional College in Tavush and digital learning initiatives through the Visual Armenia Development Foundation's WorldView program, which provided smartboards to 20 public schools and trained 250 teachers.
**Environmental Grants (2025):** Announced over $290,000 in environmental grants.
**Workforce Development (2025):** Invested $302,000 in Armenia's workforce development initiatives.
H. Hovnanian Family Foundation Invests $302,000 in Armenia\u2019s Workforce\**Youth Empowerment (2026):** Awarded $240,000 to advance youth empowerment across Armenia.
H. Hovnanian Family Foundation Awards $240,000 to Advance Youth Empowerment\The Foundation maintains 4 employees and continues to accept grant applications through quarterly cycles.
Subject Areas
Focus areas based on grantmaking activity
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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