The Hovsep Foundation
Preselected recipients only
The Hovsep Foundation is a private foundation in Union, New Jersey. In tax year 2025 it gave $62,000 in 2 grants; the typical grant was $31,000 and the largest $35,000. It only gives to organizations it selects itself and does not accept unsolicited applications.
From its IRS Form 990-PF for tax year 2025.
- Grants paid, 2025$62,000
- Number of grants2
- Typical grant$31,000
- Largest grant$35,000
- Assets$1.1 million
- New grantees0%
Giving in 2025 was down from $266,000 the year before.
0% of its 2025 grantees had not received a grant from it the year before, so most of its money goes to organizations it already funds.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $87,500 | 5 | $1.1 million |
| 2024 | $266,000 | 4 | $1.0 million |
| 2025 | $62,000 | 2 | $1.1 million |
How to apply
The Hovsep Foundation says in its IRS filing that it only makes contributions to preselected organizations, so unsolicited applications are unlikely to be considered. Organizations it funds are usually invited.
What The Hovsep Foundation funds
Where it gives
All of its grants went to recipients in New York.
| State | Grants | Amount |
|---|---|---|
| New York | 2 | $62,000 |
Grants paid in 2025
| Recipient | Purpose | Amount |
|---|---|---|
| Diocese of the Armenian Church | Social services | $35,000 |
| Tufenkian Foundation | Social service | $27,000 |
Officers and trustees
- Errol Karakash
- Serge Karakash
Questions people ask
Does The Hovsep Foundation accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does The Hovsep Foundation give?
$62,000 in tax year 2025, across 2 grants, with a typical grant of $31,000.
Who runs The Hovsep Foundation?
Its 2025 filing lists Errol Karakash (Executive Di) and Serge Karakash (Trustee).
What does The Hovsep Foundation fund?
Based on its grants, mainly human services and faith communities.