TY 2024 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
right arrow

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0047

2024

Open to Public Inspection

For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024

Name of foundation
LEVON & CLAUDIA NAZARIAN FAMILY
FOUNDATION INC (LEVON NAZARIAN FD'N)

Number and street (or P.O. box number if mail is not delivered to street address)21 CAMEO CT
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
CHERRY HILL, NJ080035124

A Employer identification number

11-3587458

B Telephone number (see instructions)

(201) 408-5227

C If exemption application is pending, check here right arrow

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. right arrow

2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... right arrow

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... right arrow

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) right arrow

$6,068,339J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	168,598		168,598
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		260,400
b	Gross sales price for all assets on line 6a 3,463,251
7	Capital gain net income (from Part IV, line 2)...			260,400
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......	List of Attached Documents: // Content	284	284
12	Total. Add lines 1 through 11........	429,282		429,282
13	Compensation of officers, directors, trustees, etc.	0		0	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	9,000	4,500	4,500
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	40,726	40,726	0
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	188	188	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	49,914		45,414	4,500
25	Contributions, gifts, grants paid.......	368,000			368,000
26	Total expenses and disbursements. Add lines 24 and 25	417,914		45,414	372,500
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	11,368
b	Net investment income (if negative, enter -0-)			383,868
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2024)

Form 990-PF (2024)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	26,556	24,556	24,556
	2	Savings and temporary cash investments.........	164,097	26,274	26,274
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	0	List of Attached Documents: // Content 1,322,040	1,336,464
	b	Investments—corporate stock (attach schedule).......	3,113,890	List of Attached Documents: // Content 2,809,327	3,572,176
	c	Investments—corporate bonds (attach schedule).......	1,965,786	List of Attached Documents: // Content 1,099,500	1,108,869
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	5,270,329	5,281,697	6,068,339
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	0	0
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	5,270,329	5,281,697
	29	Total net assets or fund balances (see instructions).....	5,270,329	5,281,697
	30	Total liabilities and net assets/fund balances (see instructions).	5,270,329	5,281,697

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............

5,270,329

Enter amount from Part I, line 27a .....................

11,368

Other increases not included in line 2 (itemize) right arrow

Add lines 1, 2, and 3 ..........................

5,281,697

Decreases not included in line 2 (itemize) right arrow

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

5,281,697

Form 990-PF (2024)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	PUBLICLY TRADED SECURITIES - BNY MELLON - S/T
b	PUBLICLY TRADED SECURITIES - BNY MELLON - L/T
c	PUBLICLY TRADED SECURITIES - L/T CAPITAL GAIN DISTRIBUTIONS
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	103,635	95,931	7,704
b	3,350,852	3,106,920	243,932
c	8,764		8,764
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			7,704
b			243,932
c			8,764
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	260,400
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Part V

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	5,336
b	All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	5,336
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	5,336
6	Credits/Payments:

a	2024 estimated tax payments and 2023 overpayment credited to 2024	6a	2,760
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ..........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	2,760
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	2,576
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2025 estimated tax	Refunded	11

Form 990-PF (2024)

Page 4

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. right arrow

$ 0(2) On foundation managers. right arrow

$ 0

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. right arrow

$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument? ................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XIV..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.

If "Yes," complete Part XIII .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement. See instructions.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address right arrow

N/A

The books are in care of right arrow

CLAUDIA NAZARIAN Telephone no. right arrow

(201) 408-5227

Located at right arrow

21 CAMEO CTCHERRY HILLNJ ZIP+4 right arrow

080035124

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here ......... right arrow

and enter the amount of tax-exempt interest received or accrued during the year ........ right arrow

16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country? .................

16 No

See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow

Form 990-PF (2024)

Page 5

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........

1a(1)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............

1a(4)

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)? ......................

1a(5)

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.) ...............

1a(6)

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........

Organizations relying on a current notice regarding disaster assistance check here ........ right arrow

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2024? .............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d

and 6e) for tax year(s) beginning before 2024?....................

If "Yes," list the years right arrow

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2024.) .....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..

Form 990-PF (2024)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive? ....................

5a(2)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals? .............

5a(5)

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........

Organizations relying on a current notice regarding disaster assistance check ......... right arrow

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant? .................

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or

excess parachute payment during the year? .........................

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation. See instructions

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
LEVON NAZARIAN	DIRECTOR 5.00	0	0	0
21 CAMEO CT CHERRY HILL,NJ080035124	DIRECTOR 5.00	0	0	0
CLAUDIA NAZARIAN	DIRECTOR 5.00	0	0	0
21 CAMEO CT CHERRY HILL,NJ080035124	DIRECTOR 5.00	0	0	0

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................				0

Form 990-PF (2024)

Page 7

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. right arrow

Part VIII-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... right arrow

Form 990-PF (2024)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

6,034,136

Average of monthly cash balances.......................

107,646

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

6,141,782

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

6,141,782

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

92,127

Net value of noncharitable-use assets. Subtract line 4 from line 3. ............

6,049,655

Minimum investment return. Enter 5% (0.05) of line 5................

302,483

Part X

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow

and do not complete this part.)

Minimum investment return from Part IX, line 6..................

302,483

Tax on investment income for 2024 from Part V, line 5 .......

5,336

Income tax for 2024. (This does not include the tax from Part V.) ...

Add lines 2a and 2b............................

5,336

Distributable amount before adjustments. Subtract line 2c from line 1............

297,147

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

297,147

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

297,147

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

372,500

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......

372,500

Form 990-PF (2024)

Page 9

Part XII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2023	(c) 2023	(d) 2024
1 Distributable amount for 2024 from Part X, line 7					297,147
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......				0
b Total for prior years:20 , 20, 20			0
3 Excess distributions carryover, if any, to 2024:
a From 2019......
b From 2020......
c From 2021......
d From 2022......
e From 2023......	18,369
f Total of lines 3a through e ........		18,369
4Qualifying distributions for 2024 from Part
XI, line 4: $ 372,500
a Applied to 2023, but not more than line 2a				0
b Applied to undistributed income of prior years (Election required—see instructions).....			0
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2024 distributable amount.....					297,147
e Remaining amount distributed out of corpus		75,353
5 Excess distributions carryover applied to 2024.		0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		93,722
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2023. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2024. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2025 ..........					0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2019 not applied on line 5 or line 7 (see instructions) ...		0
9 Excess distributions carryover to 2025. Subtract lines 7 and 8 from line 6a ......		93,722
10 Analysis of line 9:
a Excess from 2020....
b Excess from 2021....
c Excess from 2022....
d Excess from 2023....	18,369
e Excess from 2024....	75,353

Form 990-PF (2024)

Page 10

Part XIII

Private Operating Foundations (see instructions and Part VI-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow

b Check box to indicate whether the organization is a private operating foundation described in section 4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part IX for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2024	(b) 2023	(c) 2022	(d) 2021	(e) Total

b 85% (0.85) of line 2a .........
c Qualifying distributions from Part XI, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part IX, line 6 for each year listed ..
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XIV

Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here right arrow

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or email address of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Form 990-PF (2024)

Page 11

Part XIV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
AMERICAN INSTITUTE OF ULTRASOUND IN MEDICINE ENDOWMENT FOR EDUCTAION RESEAR 14750 SWEITZER LANE SUITE 100 LAUREL,MD20707		PC	TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C)(3)	2,000
AMERICAN UNIVERSITY OF ARMENIA 1000 BROADWAY SUITE 280 OAKLAND,CA94607		GOV	TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C)(3)	5,000
ARMENIAN AMERICAN HEALTH PROFESSIONALS ORGANIZATION PO BOX 645 FAR HILLS,NJ07931		PC	TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C)(3)	1,000
ARMENIAN GENERAL BENEVOLENT UNION 55 EAST 59TH STREET NEW YORK,NY10022		PC	TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C)(3)	270,000
ARMENIAN MISSIONARY ASSOCIATION OF AMERICA 31 WEST CENTURY ROAD PARAMUS,NJ07652		PC	TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C)(3)	1,000
BOYS & GIRLS CLUB OF AMERICA 1275 PEACHTREE STREET NE ATLANTA,GA30309		PC	TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C)(3)	1,000
DIOCESE OF THE ARMENIAN CHURCH 630 SECOND AVENUE NEW YORK,NY10016		PC	TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C)(3)	60,000
FOOD BANK OF SOUTH JERSEY 1501 JOHN TIPTON BLVD PENNSAUKEN TOWNSHIP,NJ08110		PC	TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C)(3)	1,000
LEUKEMIA & LYMPHOMA SOCIETY 3 INTERNATIONAL DRIVE SUITE 200 RYE BROOK,NY10573		PC	TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C)(3)	2,500
MAKE-A-WISH FOUNDATION 1347 PERINEVILLE ROAD MONROE TOWNSHIP,NJ08831		PC	TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C)(3)	1,000
RADIOLOGICAL SOCIETY OF NORTH AMERICA 820 JORIE BLVD OAK BROOK,IL60523		PC	TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C)(3)	1,500
SMILE TRAIN 41 MADISON AVENUE - 28TH FLOOR NEW YORK,NY10010		PC	TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C)(3)	1,000
ST VARTAN CATHEDRAL 630 SECOND AVENUE NEW YORK,NY10016		PC	TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C)(3)	5,000
ST SAHAG & ST MESROB ARMENIAN CHURCH 630 CLOTHIER RD WYNNEWOOD,PA19096		PC	TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C)(3)	10,000
SUMMER SEARCH 304 12TH STREET SUITE 4A OAKLAND,CA94607		PC	TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C)(3)	1,000
SUSAN G KOMEN FOUNDATION 5005 LBJ FREEWAY SUITE 526 DALLAS,TX75244		PC	TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C)(3)	1,000
THE ROENTGEN FUND 44211 SLATESTONE COURT LEESBURG,VA20176		PC	TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C)(3)	1,000
THOMAS JEFFERSON UNIVERSITY HOSPITAL 111 S 11TH ST PHILADELPHIA,PA19107		PC	TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C)(3)	1,000
TOYS FOR TOTS 18251 QUANTICO GATEWAY DRIVE TRIANGLE,VA221721776		PC	TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C)(3)	1,000
WEIL CORNELL MEDICAL COLLEGE 425 EAST 61ST STREET NEW YORK,NY10021		GOV	TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C)(3)	1,000
Total ................................. 3a				368,000

bApproved for future payment

Total ................................. 3b				0

Form 990-PF (2024)

Page 12

Part XV-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities ....			14	168,598
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income .....			14	284
8 Gain or (loss) from sales of assets other than inventory ............			18	260,400
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..		0		429,282	0

13Total. Add line 12, columns (b), (d), and (e)..................

429,282

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2024)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........Yes No

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2024)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2024 AccountingFeesSchedule

Name:

LEVON & CLAUDIA NAZARIAN FAMILY

FOUNDATION INC (LEVON NAZARIAN FD'N)

EIN:

11-3587458

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
CBIZ MARKS PANETH	9,000	4,500		4,500

- TIN:

TY 2024 InvestmentsCorpBondsSchedule

Name:

LEVON & CLAUDIA NAZARIAN FAMILY

FOUNDATION INC (LEVON NAZARIAN FD'N)

EIN:

11-3587458

Name of Bond	End of Year Book Value	End of Year Fair Market Value
A T & T INC - 35,000 SHARES	33,308	34,241
ANHEUSER-BUSCH INBEV WOR - 30,000 SHARES	29,693	29,988
B P CAP MARKETS AMERICA - 30,000 SHARES	28,986	29,371
BANK OF AMERICA CORP - 35,000 SHARES	35,054	34,628
BARCLAYS PLC - 30,000 SHARES	30,080	30,374
BRISTOL-MYERS SQUIBB CO - 30,000 SHARES	31,454	30,193
CANADIAN IMPERIAL BANK - 35,000 SHARES	33,176	34,036
CITIGROUP INC - 35,000 SHARES	32,290	33,416
COMCAST CORP - 35,000 SHARES	32,535	33,346
COOPERATIEVE RABOBANK - 35,000 SHARES	37,610	34,295
CREDIT SUISSE NEW YORK - 30,000 SHARES	29,777	30,176
GOLDMAN SACHS GROUP INC - 35,000 SHARES	33,560	34,055
HOME DEPOT INC - 35,000 SHARES	30,793	31,513
HSBC HOLDINGS PLC - 30,000 SHARES	29,891	30,439
INTEL CORP - 35,000 SHARES	35,601	33,839
JOHN DEERE CAPITAL CORP. - 30,000 SHARES	29,748	30,154
JP MORGAN CHASE & CO - 30,000 SHARES	29,087	29,332
KLA CORP - 30,000 SHARES	29,489	29,354
LLOYDS BANK PLC - 30,000 SHARES	31,277	29,876
META PLATFORMS INC - 35,000 SHARES	33,079	34,215
MORGAN STANLEY - 30,000 SHARES	29,675	30,083
ORACLE CORP - 35,000 SHARES	32,192	33,606
PFIZER INVESTMENT ENTER - 30,000 SHARES	28,908	29,150
PNC FINANCIAL SERVICES - 30,000 SHARES	29,919	30,524
ROYAL BANK OF CANADA - 30,000 SHARES	29,329	29,962
ROYAL BANK OF SCOTLAND GROUP PLC - 30,000 SHARES	28,467	29,690
SHELL INTERNATIONAL FIN - 35,000 SHARES	31,479	31,545
SUMITOMO MITSUI FINLGRP - 35,000 SHARES	32,323	33,915
TARGET CORP - 35,000 SHARES	33,762	33,832
TORONTO-DOMINION BANK - 30,000 SHARES	30,082	30,349
TRUIST FINANCIAL CORP - 30,000 SHARES	30,038	30,494
DEUTSCHE BANK NY - 30,000 SHARES	30,864	31,150
US BANCORP - 30,000 SHARES	30,572	30,202
VERIZON COMMUNICATIONS - 35,000 SHARES	32,338	33,593
WELLS FARGO & COMPANY - 35,000 SHARES	33,064	33,933

- TIN:

TY 2024 InvestmentsCorpStockSchedule

Name:

LEVON & CLAUDIA NAZARIAN FAMILY

FOUNDATION INC (LEVON NAZARIAN FD'N)

EIN:

11-3587458

Name of Stock	End of Year Book Value	End of Year Fair Market Value
A T & T INC - 1,130 SHARES	19,775	25,730
ALCON, INC - 140 SHARES	12,913	11,885
ALIGN TECHNOLOGY INC - 56 SHARES	19,830	11,676
ALLSTATE CORP - 86 SHARES	11,346	16,579
ALPHABET INC - 635 SHARES	51,178	120,205
AMAZON.COM INC - 504 SHARES	50,547	110,573
AMERICAN INTERNATIONAL GROUP INC - 130 SHARES	2,773	9,464
AMETEK INC NEW - 108 SHARES	19,101	19,468
AON PLC/IRELAND A - 30 SHARES	9,002	10,775
APPLE INC - 488 SHARES	55,539	122,205
APPLIED MATERIALS INC - 141 SHARES	22,336	22,930
ASSURANT INC - 66 SHARES	14,167	14,073
BANK OF AMERICA CORPORATION - 310 SHARES	11,674	13,625
BAXTER INTERNATIONAL INC - 230 SHARES	9,175	6,707
BECTON DICKINSON & CO - 133 SHARES	34,691	30,174
BERKSHIRE HATHAWAY INC DEL CL B - 105 SHARES	36,490	47,594
BIO-TECHNE CORP - 130 SHARES	9,263	9,364
BNY MELLON DEVELOPED MARKETS REAL ESTATE SECURITIES FUND - 7,217 SHARES	66,071	58,098
BNY MELLON HIGH YIELD FUND - CLASS I - 29,018 SHARES	170,403	156,409
BNY MELLON INTERNATION STOCK FUND - 14,880 SHARES	244,437	334,659
BRISTOL-MYERS SQUIBB COMPANY - 260 SHARES	12,732	14,706
CHEWY, INC - 510 SHARES	9,264	17,080
CISCO SYSTEMS INC - 500 SHARES	25,906	29,600
CME GROUP INC - 140 SHARES	26,879	32,512
CONSTELLATION ENERGY - 87 SHARES	9,703	19,463
CONOCOPHILLIPS - 191 SHARES	22,159	18,941
COSTAR GROUP INC - 200 SHARES	16,345	14,318
CRH PLC - 170 SHARES	9,518	15,728
DANAHER CORP - 125 SHARES	28,203	28,694
DIAMONDBACK ENERGY INC - 59 SHARES	9,642	9,666
DOMINION RES INC VA NEW - 380 SHARES	18,538	20,467
EQT CORPORATION - 760 SHARES	28,326	35,044
FIRST HORIZON NATIONAL CORP - 580 SHARES	8,763	11,681
FREEPORT MCMORAN COPPER & GOLD INC - 440 SHARES	19,624	16,755
GILEAD SCIENCES INC - 100 SHARES	8,889	9,237
GE VERNOVA LLC - 76 SHARES	13,364	24,999
GENERAL MOTORS CO - 260 SHARES	10,964	13,850
GOLDMAN SACHS GROUP INC - 40 SHARES	15,447	22,905
GQG PARTNERS EMERGING MARKETS EQUITY FUND - 7,709 SHARES	109,000	127,501
HARRIS CORPORATION - 100 SHARES	21,662	21,028
HOWMET AEROSPACE INC - 280 SHARES	18,456	30,624
HUBBELL INC COM - 85 SHARES	33,573	35,606
HUBSPOT, INC - 37 SHARES	19,679	25,780
ILLUMINA INC - 101 SHARES	15,011	13,497
INGERSOLL RAND INC - 240 SHARES	21,250	21,710
INTERNATIONAL PAPER CO - 290 SHARES	13,578	15,608
INTUITIVE SURGICAL INC - 42 SHARES	16,758	21,922
ISHARES RUSSELL 2000 INDEX FUND - 663 SHARES	86,833	146,496
ISHARES TR S&P MIDCAP 400 INDEX FUND - 5,650 SHARES	351,758	352,052
JOHNSON CTLS INTL PLC - 280 SHARES	18,306	22,100
JP MORGAN CHASE & CO - 135 SHARES	12,619	32,361
KENVUE INC - 730 SHARES	14,833	15,586
LABCORP HOLDING INC - 62 SHARES	12,559	14,218
LAS VEGAS SANDS CORP - 320 SHARES	11,099	16,435
LULULEMON ATHLETICA INC - 20 SHARES	9,819	7,648
MARATHON PETROLEUM CORP - 60 SHARES	8,933	8,370
MEDTRONIC PLC ADR - 370 SHARES	31,537	29,556
METLIFE INC - 120 SHARES	10,084	9,826
MICROSOFT CORPORATION - 323 SHARES	48,135	136,145
MONGODB INC CI A - 46 SHARES	15,491	10,709
NETFLIX COM INC - 17 SHARES	7,487	15,152
NEWMONT MINING CORP - 190 SHARES	7,846	7,072
NVIDIA CORP - 1,140 SHARES	30,188	153,091
OMNICOM GROUP INC - 200 SHARES	18,984	17,208
PHILIP MORRIS INTERNATIONAL INC - 90 SHARES	9,156	10,832
PHILLIPS 66 - 85 SHARES	13,361	9,684
RENAISSANCE RE HLDGS LTD ADR - 61 SHARES	11,804	15,177
REPLIGEN CORP - 81 SHARES	12,675	11,659
ROPER INDUSTRIES INC - 41 SHARES	21,950	21,314
ROYAL CARIBBEAN CRUISES LTD - 45 SHARES	9,325	10,381
SANOFI-AVENTIS ADR - 240 SHARES	11,569	11,575
SAREPTA THERAPEUTICS, INC - 122 SHARES	13,972	14,834
SPDR BLOOMBERG BARCLAYS HIGH YIELD BOND ETF - 1,866 SHARES	171,429	178,147
SPDR S&P 500 ETF TRUST - 152 SHARES	69,362	89,084
SPDR S&P DIVIDEND ETF - 1,152 SHARES	145,696	152,179
SQUARE, INC - 200 SHARES	13,223	16,998
TRANE TECHNOLOGIES PUBLIC LIMITED CO - 42 SHARES	1,725	15,513
THE WALT DISNEY COMPANY - 145 SHARES	16,690	16,146
3M CO - 86 SHARES	8,964	11,102
US BANCORP - 230 SHARES	11,135	11,001
UBER TECHNOLOGIES, INC - 240 SHARES	11,834	14,477
UNITEDHEALTH GROUP INC - 34 SHARES	4,531	17,199
VAN ECK CM COMMODITY INDEX FUND - 1,179 SHARES	75,031	80,444
VERALTO CORPORATION - 170 SHARES	14,350	17,315
VOYA FINANCIAL INC - 170 SHARES	7,672	11,701
ZOETIS INC - 78 SHARES	13,997	12,709
WALNUT STREET GROUP HOLDING LIMITED - 78 SHARES	9,421	7,565

- TIN:

TY 2024 InvestmentsGovtObligationsSch

Name:

LEVON & CLAUDIA NAZARIAN FAMILY

FOUNDATION INC (LEVON NAZARIAN FD'N)

EIN:

11-3587458

US Government Securities - End of Year Book Value:

1,322,040

US Government Securities - End of Year Fair Market Value:

1,336,464

State & Local Government Securities - End of Year Book Value:

State & Local Government Securities - End of Year Fair Market Value:

- TIN:

TY 2024 OtherIncomeSchedule2

Name:

LEVON & CLAUDIA NAZARIAN FAMILY

FOUNDATION INC (LEVON NAZARIAN FD'N)

EIN:

11-3587458

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
CLASS ACTION PROCEEDS FROM INVESTMENT	284	284	284

- TIN:

TY 2024 OtherProfessionalFeesSchedule

Name:

LEVON & CLAUDIA NAZARIAN FAMILY

FOUNDATION INC (LEVON NAZARIAN FD'N)

EIN:

11-3587458

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT ADVISORY FEES TO BNY MELLON WEALTH MANAGEMENT	40,726	40,726		0

- TIN:

TY 2024 TaxesSchedule

Name:

LEVON & CLAUDIA NAZARIAN FAMILY

FOUNDATION INC (LEVON NAZARIAN FD'N)

EIN:

11-3587458

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAXES	188	188		0