Vartkess & Rita Balian is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ARLINGTON, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $498K in total assets. In 2024, it awarded 28 grants totaling $34K. Net investment income was $4K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$498K
-7.2% YoY
Annual Giving
$34K
+9.8% YoY
Grant Count
28
+2700.0% YoY
Avg Grant Size
$1K
-96.1% YoY
Under IRS private-foundation payout rules, Vartkess & Rita Balian reported a distributable amount of $34K for 2024 — the minimum it must pay out in qualifying distributions.
About Vartkess & Rita Balian
Based on IRS filings
Vartkess & Rita Balian is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ARLINGTON, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $498K in total assets. In 2024, it awarded 28 grants totaling $34K. Net investment income was $4K.
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 | $497,986 | $536,842 | $525,387 |
| Revenue | $5,143 | $54,338 | $105,376 |
| Expenses | $43,999 | $42,883 | $44,548 |
| Qualifying Distributions | $36,152 | $30,500 | $29,473 |
| Net Investment Income | $3,951 | $43,930 | $90,301 |
| Distributable Amount | $34,479 | $32,011 | $34,116 |
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
112 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Armenian American Cultural Association ($12,000), Eastern Diocese of the Armenian Church ($2,500), St Mary Armenian Apostolic Church ($2,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AGBU FOCUS NEW YORK, NY | IN MEMORY OF VARTKESS M BALIAN | $1,000 |
| AMERICAN RED CROSS OF NAT CAPITAL AREA WASHINGTON, DC | GENERAL OPERATING EXPENSES | $250 |
| AMERICAN UNIVERSITY OF ARMENIA OAKLAND, CA | GENERAL OPERATING EXPENSES | $1,000 |
| AMERICAN UNIVERSITY OF BEIRUT NEW YORK, NY | GENERAL OPERATING EXPENSES | $1,000 |
| ANCA ENDOWMENT FUND WASHINGTON, DC | GENERAL OPERATING EXPENSES | $500 |
| ARMENIAN AMERICAN CULTURAL ASSOCIATION ARLINGTON, VA | GENERAL OPERATING EXPENSES | $12,000 |
| ARMENIAN ASSEMBLY OF AMERICA WASHINGTON, DC | FOR ADVOCACY | $500 |
| ARMENIAN BROTHERHOOD BIBLE CHURCH PASADENA, CA | IN MEMORY OF MIKE YOUSSEFIAN | $1,000 |
| ARMENIAN MISSIONARY ASSOC OF AMERICA PARAMUS, NJ | GENERAL OPERATING EXPENSES | $500 |
| EASTERN DIOCESE OF THE ARMENIAN CHURCH NEW YORK, NY | 125TH ANNIVERSARY COMMEMORATION | $2,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RITA S BALIAN | DIRECTOR & PRESIDENT | — | — |
| GREGORY S BALIAN | DIRECTOR & VICE-PRESIDENT | — | — |
| RAFFI V BALIAN | DIRECTOR & SECRETARY/TREASURER | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Vartkess & Rita Balian?
Vartkess & Rita Balian is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ARLINGTON, VA. It holds $498K in total assets as of 2024.
How large is Vartkess & Rita Balian?
As of 2024, Vartkess & Rita Balian holds $498K in total assets with $5K in annual revenue. It awarded 28 grants totaling $34K in 2024.
Where does Vartkess & Rita Balian operate?
Vartkess & Rita Balian has awarded grants in Arkansas, California, District of Columbia, Georgia, Massachusetts, Maryland, New Jersey, New York, Ohio, Virginia.
What size grants does Vartkess & Rita Balian award?
In 2024, Vartkess & Rita Balian awarded 28 grants totaling $34K — an average of about $1K per grant, based on its IRS Form 990 filings.
How much is Vartkess & Rita Balian required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Vartkess & Rita Balian reported a distributable amount of $34K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Vartkess & Rita Balian's EIN?
Vartkess & Rita Balian's EIN (Employer Identification Number) is 02-0602788. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Vartkess & Rita Balian'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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