The Hovsep Foundation
The Hovsep Foundation is a private foundation focused on Education, based in Union, NJ. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $1.1M in total assets. In 2025, it awarded 2 grants totaling $62K. Net investment income was $28K.
The Hovsep Foundation at a glance
In short: The Hovsep Foundation gave $62K across 2 grants in 2025 (avg $31K), mostly in New York. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $62,000
- -76.7% vs 2024
- Grants made (2025)
- 2
- -50.0% vs 2024
- Average grant
- $31,000
- -53.4% vs 2024
- Median grant
- $31,000
- Total assets
- $1,085,175
- +7.6% vs 2024
- Primary geography
- New York (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Hovsep Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Diocese of the Armenian Church ($35K). Together the top 2 received $62K.
Grant Size Distribution
22 grants across all recorded years
The most common grant size was under $50K: 19 grants of 22 (86%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
Cities
How The Hovsep Foundation gives
- Giving held roughly steady from 2022 to 2025 (−17%). Method
- In 2025 it paid out 95% 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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $30K (2020) to $266K (2024). In 2025 it made 2 grants totaling $62K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Diocese of the Armenian Church New York, NY | Social Services | $35,000 |
| Tufenkian Foundation New York, NY | Social Service | $27,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $1,085,175 | $88,147 | $62,000 | $62,000 | 2 | $62,000 | $28,147 | $65,221 |
| 2024 | $1,008,862 | $7,767 | $266,000 | $266,000 | 4 | $266,000 | $7,767 | $49,578 |
| 2023 | $1,099,480 | $7,667 | $87,560 | $87,500 | 5 | $87,500 | $7,667 | $72,282 |
| 2022 | $1,084,520 | $5,293 | $75,075 | $75,000 | 3 | $75,000 | $5,293 | $54,010 |
| 2021 | $1,149,560 | $441,307 | $265,145 | $265,100 | 8 | $265,100 | $1,307 | $44,747 |
| 2020 | $970,000 | $1,000,000 | $30,000 | $30,000 | 2 | — | — | $12,090 |
Under IRS private-foundation payout rules, The Hovsep Foundation reported a distributable amount of $65K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Hovsep Foundation's 2025 filing lists 2 officers; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Serge Karakash
Trustee
On filings since 2020
No compensation reported
Errol Karakash
Executive Di
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "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 Hovsep Foundation
How much does The Hovsep Foundation give each year?
The Hovsep Foundation gave $62K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $266K across 4 grants.
How large is The Hovsep Foundation?
The Hovsep Foundation reported $1.1M in total assets on its 2025 IRS Form 990-PF. It paid out $62K in qualifying distributions that year, against a required minimum of $65K (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.
What is The Hovsep Foundation?
The Hovsep Foundation is a private foundation focused on Education, based in Union, NJ. It holds $1.1M in total assets as of 2025.
Where does The Hovsep Foundation operate?
The Hovsep Foundation has awarded grants in California, District of Columbia, Massachusetts, New Jersey, New York, Texas.
What is The Hovsep Foundation's EIN?
The Hovsep Foundation's EIN (Employer Identification Number) is 84-2377028. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS April 7, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 9, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS March 10, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 1, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 22, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 11, 2026)
- IRS filings on file for fiscal years 2020–2025
Live grants for the work The Hovsep Foundation funds
Education Open opportunities, soonest deadline first.
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Browse active grant opportunities in The Hovsep Foundation's focus areas in our free grants database
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