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The Cafesjian Family Foundation, Inc.

Profile

Last Updated: 2016-05-11

At A Glance

The Cafesjian Family Foundation, Inc.

10915 Enterprise Ave.

Bonita Springs, FL United States 34135-6864

URL: www.cafesjianfoundation.org

Type of Grantmaker

Independent foundation

Additional Descriptor

  • Family foundation

Financial Data

(yr. ended 2014-12-31)

Assets: $77,888,222

Total giving: N/A

EIN

593417473

BRIDGE Number

7840833279

Background

Established in 1996 in FL

Purpose and Activities

Giving primarily for economic development in the Republic of Armenia and for U.S.-Armenia friendship. Current interests are to: 1) promote Armenia's energy independence; 2) invest to support other economic development initiatives in Armenia; 3) promote Armenia's independent media sector, 4) giving for The Cafesjian Museum Foundation to create an international-caliber Center for the Arts in Armenia; 5) to bring new sources of debt and equity, capital, and direct foreign investment to Armenia; and 6) to build a stronger U.S.-Armenia relationship.

Program Area(s)

The grantmaker has identified the following area(s) of interest:

Program-Related Investment

Historically, the foundation made PRIs to a company dedicated to the research and development of alternative energy sources to benefit and improve the infrastructure of Armenia for its citizens. The foundation has also made a PRI in the form of a loan to Cascade Capital Holdings, a company working to stimulate financial capital markets in Armenia. The foundation has also made PRIs to an Armenian company working to improve the delivery of media in Armenia, and it has made PRIs to an Armenian company working to improve the delivery of television media in Armenia. In addition, the foundation has made PRIs to two media companies to help advance projects about Armenian culture and history.

Fields of Interest

Subjects
  • Arts and culture
  • Child welfare
  • Community and economic development
  • Education
  • Health
  • Housing development
  • Human services
  • International relations
  • Orthodox Christianity
  • Public affairs
  • Social sciences
International Interests
  • Armenia

Financial Data

Year ended 2014-12-31

Assets: $77,888,222 (market value)

Gifts received: $22,427,726

Expenditures: $1,254,688

Total giving: N/A

Qualifying distributions: $2,503,007