Mardigian Foundation

Organization Overview

Mardigian Foundation is located in Detroit, MI. The organization was established in 1956. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mardigian Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Mardigian Foundation generated $1.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (16.0%) each year. All expenses for the organization totaled $2.9m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2018, Mardigian Foundation has awarded 119 individual grants totaling $9,931,100. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

N/A


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $425
Dividends & Interest $1,035,519
Net Rental Income$0
Net Gain on Sale of Assets $690,910
Capital Gain Net Income $690,910
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $1,726,854

Grants Awarded

Over the last fiscal year, Mardigian Foundation has awarded $2,515,000 in support to 26 organizations.

Grant RecipientAmount

FUND FOR ARMENIAN RELIEF

Org PageRecipient Profile

New York, NY

PURPOSE: SUPPORT OF DAILY OPERATIONS

$1,303,000

UNVERISITY OF MICHIGAN

PURPOSE: SUPPORT DAILY OPERATIONS

$505,000

MICHIGAN ANIMAL RESCUE LEAGUE

Org PageRecipient Profile

Pontiac, MI

PURPOSE: SUPPORT OF DAILY OPERATIONS

$250,000

MCLAREN-NORTHERN MI HOSPITAL FOUNDATION

PURPOSE: GENERAL SUPPORT

$100,000

Rochester, MN

PURPOSE: SUPPORT OF DAILY OPERATIONS

$100,000

ARMENIAN GENERAL BENEVOLENT

PURPOSE: SUPPORT OF DAILY OPERATIONS

$62,000
View Grant Profile

Create an account to unlock the data you need.

or