Vahe and Lucie Foundation
Vahe and Lucie Foundation is a private foundation, based in Los Angeles, CA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $3.2M in total assets. In 2024, it awarded 3 grants totaling $228K. Net investment income was $33K.
Vahe and Lucie Foundation at a glance
In short: Vahe and Lucie Foundation gave $228K across 3 grants in 2024 (avg $76K), top state Texas. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $227,908
- +25.2% vs 2023
- Grants made (2024)
- 3
- -25.0% vs 2023
- Average grant
- $75,969
- +66.9% vs 2023
- Median grant
- $74,600
- Total assets
- $3,178,234
- -6.8% vs 2023
- Primary geography
- Texas (40% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Vahe and Lucie Foundation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was Tumo Foundation ($91K). Together the top 3 received $228K.
Grant Size Distribution
11 grants across all recorded years
The most common grant size was in the $50–100K range: 8 grants of 11 (73%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
States
Cities
How Vahe and Lucie Foundation gives
- Giving grew 280% from 2021 to 2024. Method
- In 2024 it paid out 265% of its IRS minimum distribution (the 5% rule). 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 2021 to 2024, annual grant giving ranged from $60K (2021) to $228K (2024). In 2024 it made 3 grants totaling $228K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Tumo Foundation Dallas, TX | To support tumo 3d scanning project which will capture culturally significant architecture and artifacts in the region. | $91,403 |
| Impact Hub of Armenia Inc Los Angeles, CA | To make a positive impact, to help pave the way to a better future. | $74,600 |
| Children of Armenia Fund New York, NY | To provide education, healthcare and socio-economic initiatives aimed at providing rural communities with resources and tools needed to thrive. | $61,905 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $3,178,234 | $64,474 | $295,476 | $227,908 | 3 | $263,714 | $32,711 | $99,546 |
| 2023 | $3,410,746 | $28,985 | $233,235 | $182,100 | 4 | $206,893 | $22,569 | $103,279 |
| 2022 | $3,615,817 | $-811 | $185,220 | $146,000 | 3 | $146,000 | — | $115,099 |
| 2021 | $3,803,774 | $3,873,217 | $69,443 | $60,000 | 1 | $60,000 | $160,509 | $107,920 |
Under IRS private-foundation payout rules, Vahe and Lucie Foundation reported a distributable amount of $100K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Vahe and Lucie Foundation is led by Vram Minassian, Director on every filing since 2021 — the only officer listed, and uncompensated.
Officers on the 2024 filing
Vram Minassian
Director
On filings since 2021
No compensation reported
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.
Frequently asked questions about Vahe and Lucie Foundation
How much does Vahe and Lucie Foundation give each year?
Vahe and Lucie Foundation gave $228K across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $182K across 4 grants.
What is Vahe and Lucie Foundation's typical grant size?
Vahe and Lucie Foundation's median grant in 2024 was $74,600, and its average grant was $75,969, across 3 grants on its 2024 IRS Form 990-PF.
Where does Vahe and Lucie Foundation give grants?
Vahe and Lucie Foundation's top state is Texas, with 40% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were California (33%) and New York (27%).
Does Vahe and Lucie Foundation give general operating support?
Not in 2024: none of the 3 grants with a stated purpose on Vahe and Lucie Foundation's 2024 IRS Form 990-PF were described as general or operating support.
How large is Vahe and Lucie Foundation?
Vahe and Lucie Foundation reported $3.2M in total assets on its 2024 IRS Form 990-PF. It paid out $264K in qualifying distributions that year, against a required minimum of $100K (roughly 5% of its investment assets).
What is Vahe and Lucie Foundation's EIN?
Vahe and Lucie Foundation's EIN (Employer Identification Number) is 86-1575141. IRS Form 990 filing data is available on this page for 2021–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(5)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 16, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 15, 2024)
- Added Form 990-PF for fiscal year 2024 (received by the IRS April 24, 2026)
- IRS filings on file for fiscal years 2021–2023
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