The Jirair S and Elizabeth Hovnanian Family
The Jirair S and Elizabeth Hovnanian Family is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MOUNT LAUREL, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $6.4M in total assets. In 2024, it awarded 10 grants totaling $382K. Net investment income was $1.0M.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$6.4M
+10.9% YoY
Annual Giving
$382K
-64.6% YoY
Grant Count
10
-16.7% YoY
Avg Grant Size
$38K
-57.5% YoY
Under IRS private-foundation payout rules, The Jirair S and Elizabeth Hovnanian Family reported a distributable amount of $384K for 2024 — the minimum it must pay out in qualifying distributions.
About The Jirair S and Elizabeth Hovnanian Family
Based on IRS filings
The Jirair S and Elizabeth Hovnanian Family is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MOUNT LAUREL, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $6.4M in total assets. In 2024, it awarded 10 grants totaling $382K. Net investment income was $1.0M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $6,420,953 | $5,791,492 | $6,306,415 |
| Revenue | $1,138,594 | $682,108 | $236,417 |
| Expenses | $509,133 | $1,197,031 | $644,973 |
| Qualifying Distributions | $381,800 | $1,077,700 | $499,586 |
| Net Investment Income | $1,033,468 | $575,277 | $117,194 |
| Distributable Amount | $384,068 | $402,010 | $480,863 |
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
59 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Armenian Heritage Foundation of Philadelphia ($100,000), Holy Trinity Armenian Church ($65,000), Armenian Sisters Academy ($60,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ARMENIAN SISTERS ACADEMY Radnor, PA | UNRESTRICTED | $60,000 |
| ARMENIAN HERITAGE FOUNDATION OF PHILADELPHIA BALA CYNWYD, PA | UNRESTRICTED | $100,000 |
| BOY SCOUTS OF AMERICA IRVING, TX | UNRESTRICTED | $25,000 |
| HOLY TRINITY ARMENIAN CHURCH NORTH HOLLYWOOD, CA | UNRESTRICTED | $65,000 |
| JOSEPH LACROCE FOUNDATION HADDONFIELD, NJ | UNRESTRICTED | $21,800 |
| CHILDRENS HOSPITAL OF PHILADELPHIA PHILADELPHIA, PA | UNRESTRICTED | $15,000 |
| GROUNDS FOR SCULTPURE HAMILTON, NJ | UNRESTRICTED | $25,000 |
| PERKINS CENTER FOR ARTS MOORESTOWN, NJ | UNRESTRICTED | $10,000 |
| THERAPISTS FOR AMERICA INC GREAT NECK, NY | UNRESTRICTED | $10,000 |
| ST GREGORY THE ILLUMINATOR ARMENIAN APOSTOLIC CH PHILADELPHIA, PA | UNRESTRICTED | $50,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| STEPHEN J HOVNANIAN | TRUSTEE | 1 | — |
| PETER J HOVNANIAN | TRUSTEE | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Jirair S and Elizabeth Hovnanian Family?
The Jirair S and Elizabeth Hovnanian Family is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MOUNT LAUREL, NJ. It holds $6.4M in total assets as of 2024.
How large is The Jirair S and Elizabeth Hovnanian Family?
As of 2024, The Jirair S and Elizabeth Hovnanian Family holds $6.4M in total assets with $1.1M in annual revenue. It awarded 10 grants totaling $382K in 2024.
Where does The Jirair S and Elizabeth Hovnanian Family operate?
The Jirair S and Elizabeth Hovnanian Family has awarded grants in California, District of Columbia, New Jersey, New York, Pennsylvania, Texas.
What size grants does The Jirair S and Elizabeth Hovnanian Family award?
In 2024, The Jirair S and Elizabeth Hovnanian Family awarded 10 grants totaling $382K — an average of about $38K per grant, based on its IRS Form 990 filings.
How much is The Jirair S and Elizabeth Hovnanian Family required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Jirair S and Elizabeth Hovnanian Family reported a distributable amount of $384K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Jirair S and Elizabeth Hovnanian Family's EIN?
The Jirair S and Elizabeth Hovnanian Family's EIN (Employer Identification Number) is 22-3630232. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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