Avanessians Family Foundation
Overview
Mission
Corporate Foundations
What it reported funding in 2024
The foundation reported 2 grants totaling $26,000. The stated grant purpose was general charitable purposes.
Operating model
- Revenue model
- Investment-supported. 100% of the foundation's positive operating resources came from recurring investment income.
- Distribution model
- Grant intermediary. The foundation distributed 100% of its reported charitable disbursements as grants.
- Includes asset-sale income: Asset-sale income is shown separately from recurring resources when classifying the revenue model.
Nonprofit profile at a glance
- EIN
- 133862934
- IRS 990-PF coverage
- 2019–2024
- Forms available
- Form 990-PF 2024
- Headquarters
- New York, NY, USA
- Rating
- 93
- Verdict
- STRONG
- Rating confidence
- Standard
- Sector
- Corporate Foundations
The verdict
STRONG - A large share of available resources goes to charitable grants and the filed numbers largely add up. No material rating questions were generated from the available inputs.
Rating breakdown
- Grant Deployment: 84
- Cost Efficiency: 97
- Transparency: 100
- Compliance: 100
- Endowment Health: 83
Detailed rating inputs
Grant Deployment
- Grant deployment ratio: 83.7%; rating input score 84; 18th percentile among comparable filings
Cost Efficiency
- Grant expense ratio: 96.5%; rating input score 97; 88th percentile among comparable filings
Transparency
- Grant recipient disclosure: Yes; rating input score 100
Compliance
- Part VII-B activity disclosures: 19 of 19 controls in place; rating input score 100
- Filing consistency checks: 9; rating input score 100
Endowment Health
- Endowment-health comparison: 24.54; rating input score 83; 83rd percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Grants: 100% of grant recipient detail disclosed
- Payout: 83.7% grant deployment rate
- Trustees: Filed trustees detail
- Self-dealing: 100% of reviewed questions answered “No”
- Investments: 83th percentile for endowment coverage
- Consistency: 9 of 9 current checks pass
- Filing history: 6 annual filings from 2019 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.