Funder DirectoryNazareth & Nila Festekjian Family Foundation
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Private foundation (trust)EIN 208679656Est. 2007-11

Nazareth & Nila Festekjian Family Foundation

Wilmington, DE 198091377

Total Assets

$1.7M

FY 2023

Annual Giving

$83K

FY 2023

Grants Made

13

FY 2023

Avg Grant

$6K

FY 2023

Grant Range

$1K–$38K

Typical

Deadlines

Applications

Focus Areas

Private Independent Foundations

Financial Snapshot

2023 filing

Total Revenue

$41K

Total Expenses

$87K

Qualifying Distributions

$87K

Distributable Amount

$76K

Min. Investment Return

$77K

Undistributed Income

$76K

Payout rate 100%Arc chart showing what share of IRS distributable amount was paid out as qualifying distributions in the latest filing.100%

Payout rate

Qualifying distributions as a share of distributable amount.

Grant Range

13 grants

Grant sizes from minimum $1K through median $3K to maximum $38K, shown on a logarithmic scale.

Logarithmic scale — typical grant portfolios span orders of magnitude, so distances are proportional to multiplicative change, not dollar gaps.

Giving Over Time

5 years

Giving over time from 2018 to 2023. Peak $97K in 2022. Hover bars for details.

Total dollars recorded per filing year. Scale adjusts to the foundation's range.

Top Recipients

41 grants

ARMENIAN GENERAL BENEVOLENT UNION
$193K
9 grants
YERAZART INC
$45K
2 grants
VEM USA INC
$24K
4 grants
CHILDREN OF ARMENIA FUND INC
$12K
2 grants
ARMENIAN MISSIONARY ASSOC OF AMER INC
$9K
4 grants
NORTHWESTERN UNIVERSITY - KELLOGG SCHOOL OF MANAGE
$8K
3 grants
TEKEYAN CULTURAL ASSOCIATION INC
$5K
1 grant
HOVNANIAN SCHOOL INC
$5K
1 grant

Grant Size Distribution

41 grants

<$10K
34
grants
$10–50K
7
grants
$50–250K
$250K–1M
$1–5M
$5M+

Geographic Focus

6 states

New York
$162K
50% of total
California
$75K
23% of total
Massachusetts
$50K
16% of total
New Jersey
$23K
7% of total
Illinois
$8K
2% of total
District of Columbia
$3K
1% of total

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Nazareth & Nila Festekjian Family Foundation — Grants, Financials & Contact | Grantivo