Vahe and Lucie Foundation

LOS ANGELES, CA EIN: 86-1575141

Vahe and Lucie Foundation is a private foundation, based in LOS ANGELES, CA. IRS filing data is available from 2021 through 2023. As of 2023, the organization holds $3.4M in total assets. In 2023, it awarded 4 grants totaling $182K. Net investment income was $23K.

Financial Overview

From 2023 IRS Form 990-PF · View filing

Total Assets

$3.4M

-5.7% YoY

Annual Giving

$182K

+24.7% YoY

Grant Count

+33.3% YoY

Avg Grant Size

$46K

-6.5% YoY

Under IRS private-foundation payout rules, Vahe and Lucie Foundation reported a distributable amount of $103K for 2023 — the minimum it must pay out in qualifying distributions.

About Vahe and Lucie Foundation

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

California $203K (52%)

Texas $135K (35%)

New York $50K (13%)

States

California New York Texas

Cities

BurbankDallasGlendaleLos AngelesNew York

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2023	2022	2021
Total Assets	$3,410,746	$3,615,817	$3,803,774
Revenue	$28,985	$-811	$3,873,217
Expenses	$233,235	$185,220	$69,443
Qualifying Distributions	$206,893	$146,000	$60,000
Net Investment Income	$22,569	—	$160,509
Distributable Amount	$103,279	$115,099	$107,920

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2023

Grant Size Distribution

8 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2023 grants, the largest include Tumo Foundation ($75,000), Health for Armenia ($50,000), Impact Hub of Armenia Inc ($49,600).

Recipient	Purpose	Amount
TUMO FOUNDATION DALLAS, TX	TO SUPPORT TUMO 3D SCANNING PROJECT WHICH WILL CAPTURE CULTURALLY SIGNIFICANT ARCHITECTURE AND ARTIFACTS IN THE REGION.	$75,000
IMPACT HUB OF ARMENIA INC LOS ANGELES, CA	TO MAKE A POSITIVE IMPACT, TO HELP PAVE THE WAY TO A BETTER FUTURE.	$49,600
HEALTH FOR ARMENIA BURBANK, CA	AIM TO HELP IN THE ESTABLISHMENT OF THE ART & MEDICINE PROGRAM FOCUSED ON SUPPORTING HEALTHCARE PRACTITIONERS TO DEVELOP THEIR SKILLS.	$50,000
AMERICAN UNIVERSITY IN ARMENIA GLENDALE, CA	AIM TO HAVE IMPACT ON STUDENTS AND THE COMMUNITY AS A CENTER OF ACADEMIC EXCELLENCE, INNOVATION, INQUIRY AND DIVERSITY.	$7,500

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2023 IRS filing

From 2023 filing

Name	Title	Hours	Compensation
VRAM MINASSIAN	DIRECTOR	—	—

Frequently Asked Questions

How large is Vahe and Lucie Foundation?

As of 2023, Vahe and Lucie Foundation holds $3.4M in total assets with $29K in annual revenue. It awarded 4 grants totaling $182K in 2023.

Where does Vahe and Lucie Foundation operate?

Vahe and Lucie Foundation has awarded grants in California, New York, Texas.

What size grants does Vahe and Lucie Foundation award?

In 2023, Vahe and Lucie Foundation awarded 4 grants totaling $182K — an average of about $46K per grant, based on its IRS Form 990 filings.

How much is Vahe and Lucie Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2023, Vahe and Lucie Foundation reported a distributable amount of $103K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.