Vartabedian Family Foundation
Vartabedian Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FRANKLIN LAKES, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $236K in total assets. In 2024, it awarded 10 grants totaling $213K. Net investment income was $48K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$236K
-41.3% YoY
Annual Giving
$213K
+143.9% YoY
Grant Count
10
+25.0% YoY
Avg Grant Size
$21K
+95.1% YoY
Under IRS private-foundation payout rules, Vartabedian Family Foundation reported a distributable amount of $18K for 2024 — the minimum it must pay out in qualifying distributions.
About Vartabedian Family Foundation
Based on IRS filings
Vartabedian Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FRANKLIN LAKES, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $236K in total assets. In 2024, it awarded 10 grants totaling $213K. Net investment income was $48K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $236,387 | $402,744 | $472,265 |
| Revenue | $47,505 | $20,512 | $30,257 |
| Expenses | $213,862 | $90,033 | $69,500 |
| Qualifying Distributions | $213,400 | $87,500 | $69,500 |
| Net Investment Income | $47,505 | $21,089 | $21,818 |
| Distributable Amount | $17,607 | $22,604 | — |
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
50 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include University of Pittsburgh ($80,900), Pittsburgh Wrestling Club ($50,000), Franklin Lakes Free Public Library ($40,000).
| Recipient | Purpose | Amount |
|---|---|---|
| UNIVERSITY OF PITTSBURGH MEMPHIS, TN | COMMUNITY SUPPORT | $80,900 |
| PROGRAMS FOR EXCEPTIONAL PEOPLE HILTON HEAD, SC | COMMUNITY SUPPORT | $2,500 |
| BERGEN COUNTY HORSE RESCUE MAHWAH, NJ | COMMUNITY SUPPORT | $10,000 |
| HOLY CROSS CHURCH OF ARMENIA NEW YORK, NY | COMMUNITY SUPPORT | $5,000 |
| St Leon Armenian Apostolic Church FAIR LAWN, NJ | COMMUNITY SUPPORT | $5,000 |
| FRANKLIN LAKES LIONS CLUB FRANKLIN LAKES, NJ | COMMUNITY SUPPORT | $5,000 |
| CHURCH OF THE MOST BLESSED SACRAMEN FRANKLIN LAKES, NJ | COMMUNITY SUPPORT | $10,000 |
| FRANKLIN LAKES FREE PUBLIC LIBRARY FRANKLIN LAKES, NJ | COMMUNITY SUPPORT | $40,000 |
| PITTSBURGH WRESTLING CLUB GROVE CITY, PA | COMMUNITY SUPPORT | $50,000 |
| ST JUDES CHILDRENS RESEARCH HOSPITA MEMPHIS, TN | COMMUNITY SUPPORT | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DIANA VARTBEDIAN | President | 0.5 | — |
| DAMON VARTABEDIAN | Treasurer | 0.25 | — |
| DANA NENTIN | Trustee | 0.25 | — |
| ADAM VARTABEDIAN | Trustee | 0.25 | — |
| SAROSH NENTIN | Trustee | 0.25 | — |
| ALLISON VARTBEDIAN | Trustee | 0.25 | — |
| NISHAN VARTABEDIAN | Trustee | 0.25 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Vartabedian Family Foundation?
Vartabedian Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FRANKLIN LAKES, NJ. It holds $236K in total assets as of 2024.
How large is Vartabedian Family Foundation?
As of 2024, Vartabedian Family Foundation holds $236K in total assets with $48K in annual revenue. It awarded 10 grants totaling $213K in 2024.
Where does Vartabedian Family Foundation operate?
Vartabedian Family Foundation has awarded grants in California, Colorado, District of Columbia, Massachusetts, North Carolina, New Jersey, New York, Pennsylvania, South Carolina, Tennessee.
What size grants does Vartabedian Family Foundation award?
In 2024, Vartabedian Family Foundation awarded 10 grants totaling $213K — an average of about $21K per grant, based on its IRS Form 990 filings.
How much is Vartabedian Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Vartabedian Family Foundation reported a distributable amount of $18K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Vartabedian Family Foundation's EIN?
Vartabedian Family Foundation's EIN (Employer Identification Number) is 26-1550631. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Vartabedian Family Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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