TY 2025 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.
Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0047

2025

Open to Public Inspection

For calendar year 2025, or tax year beginning 01 - 01 2025, and ending 12 - 31, 20 25

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
CHERRY HILL

State or province
NJ

Country

ZIP or foreign postal code
080035124

A Employer identification number

11-3587458

B Telephone number (see instructions)

2014085227

C If exemption application is pending, check here

G Check all that apply: Initial returnInitial return of a former public charity

Address change Name change

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

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

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

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 .......

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)$6,320,615J 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...	186,415		186,415
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		54,559
b	Gross sales price for all assets on line 6a 1,580,282
7	Capital gain net income (from Part IV, line 2)...			54,559
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	51	51
12	Total. Add lines 1 through 11........	241,025		241,025
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	41,804	41,804	0
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	8,197	8,197	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..........	59,001		54,501	4,500
25	Contributions, gifts, grants paid.......	309,750			309,750
26	Total expenses and disbursements. Add lines 24 and 25 ................	368,751		54,501	314,250
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-127,726
b	Net investment income (if negative, enter -0-)			186,524
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2025)

Form 990-PF (2025)

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.............	24,556	17,630	17,630
	2	Savings and temporary cash investments.........	26,274	243,316	243,316
	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)	1,322,040	List of Attached Documents: // Content 1,336,280	1,377,797
	b	Investments—corporate stock (attach schedule).......	2,809,327	List of Attached Documents: // Content 2,500,243	3,594,331
	c	Investments—corporate bonds (attach schedule).......	1,099,500	List of Attached Documents: // Content 1,056,502	1,087,541
	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)	5,281,697	5,153,971	6,320,615
	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	5,281,697	5,153,971
	29	Total net assets or fund balances (see instructions).....	5,281,697	5,153,971
	30	Total liabilities and net assets/fund balances (see instructions).	5,281,697	5,153,971

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) ...............

5,281,697

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

-127,726

Other increases not included in line 2 (itemize)

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

5,153,971

Decreases not included in line 2 (itemize)

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

5,153,971

Form 990-PF (2025)

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	495,752	516,017	-20,265
b	1,053,473	1,009,706	43,767
c	31,057		31,057
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			-20,265
b			43,767
c			31,057
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	54,559
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	2,593
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	2,593
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	2,593
6	Credits/Payments:

a	2025 estimated tax payments and 2024 overpayment credited to 2025	6a	5,600
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	5,600
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
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	3,007
11	Enter the amount of line 10 to be: Credited to 2026 estimated tax3,007	Refunded	11	0
	For Refunded amount, also complete and attach Form 8050. See instructions.

Form 990-PF (2025)

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. $ 0(2) On foundation managers.$ 0

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

on foundation managers.$ 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 2025 or the taxable year beginning in 2025? 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 addressN/A

The books are in care ofCLAUDIA NAZARIAN Telephone no. (201) 408-5227

Located at21 CAMEO CTCHERRY HILLNJ ZIP+4080035124

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

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

16 At any time during calendar year 2025, 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

Form 990-PF (2025)

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 ........

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 2025? .............

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 2025, did the foundation have any undistributed income (Part XII, lines 6d

and 6e) for tax year(s) beginning before 2025?....................

If "Yes," list the years 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 2025 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 Form 4720, Schedule C, to determine

if the foundation had excess business holdings in 2025.).....................

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 2025? ..

Form 990-PF (2025)

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 .........

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 (2025)

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.........................0

Form 990-PF (2025)

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...................

6,099,825

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

156,850

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

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

6,256,675

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.........................

6,256,675

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

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

93,850

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

6,162,825

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

308,141

Part X

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here and do not complete this part.)

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

308,141

Tax on investment income for 2025 from Part V, line 5 .......

2,593

Income tax for 2025. (This does not include the tax from Part V.) ...

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

2,593

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

305,548

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

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

305,548

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

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

305,548

Part XI

Qualifying Distributions (see instructions)

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

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

314,250

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. .......

314,250

Form 990-PF (2025)

Page 9

Part XII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2024	(c) 2024	(d) 2025
1 Distributable amount for 2025 from Part X, line 7					305,548
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only.......				0
b Total for prior years:20 , 20, 20			0
3 Excess distributions carryover, if any, to 2025:
a From 2020......
b From 2021......
c From 2022......
d From 2023......	18,369
e From 2024......	75,353
f Total of lines 3a through e ........		93,722
4Qualifying distributions for 2025 from Part
XI, line 4: $ 314,250
a Applied to 2024, 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 2025 distributable amount.....					305,548
e Remaining amount distributed out of corpus		8,702
5 Excess distributions carryover applied to 2025.		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		102,424
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 2024. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2025. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2026 ..........					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 2020 not applied on line 5 or line 7 (see instructions) ...		0
9 Excess distributions carryover to 2026. Subtract lines 7 and 8 from line 6a ......		102,424
10 Analysis of line 9:
a Excess from 2021 ....
b Excess from 2022 ....
c Excess from 2023 ....	18,369
d Excess from 2024 ....	75,353
e Excess from 2025 ....	8,702

Form 990-PF (2025)

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 2025, enter the date of the ruling ......

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) 2025	(b) 2024	(c) 2023	(d) 2022	(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, 3b, or 3c 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 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, 2b, 2c, and 2d. 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 (2025)

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 UNIVERSITY OF ARMENIA 1000 BROADWAY SUITE 280 OAKLAND,CA94607			TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C)(3)	25,000
ARMENIAN CHURCH OF AUSTIN 408 EAST 11ST AUSTIN,TX78701			TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C)(3)	5,000
ARMENIAN GENERAL BENEVOLENT UNION 55 EAST 59TH STREET NEW YORK,NY10022			TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C)(3)	157,000
ARMENIAN HERITAGE FOUNDATION 25 FLANDERS ROAD BELMONT,MA02478			TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C)(3)	50,000
ARMENIAN MISSIONARY ASSOCIATION OF AMERICA 31 WEST CENTURY ROAD PARAMUS,NJ07652			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			TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C)(3)	1,000
CHILDREN'S OF WISCONSIN FOUNDATION CCC SUITE 220 PO BOX 1997 MILWAUKEE,WI532011997			TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C)(3)	2,500
DIOCESE OF THE ARMENIAN CHURCH 630 SECOND AVENUE NEW YORK,NY10016			TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C)(3)	27,000
FOOD BANK OF SOUTH JERSEY 1501 JOHN TIPTON BLVD PENNSAUKEN TOWNSHIP,NJ08110			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			TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C)(3)	2,500
MICHAEL J FOX FOUNDATION PO BOX 4777 NEW YORK,NY101634777			TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C)(3)	1,000
MIGHTY WRITER 1501 CHRISTIAN STREET PHILADELPHIA,PA19146			TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C)(3)	1,000
PHILABUNDANCE 3616 SOUTH GALLOWAY ST PHILADELPHIA,PA19148			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			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			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			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			TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C)(3)	5,000
STNERSESS ARMENIAN SEMINARY 150 STRATTON RD NEW ROCHELLE,NY10804			TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C)(3)	10,000
THE ROENTGEN FUND 44211 SLATESTONE COURT LEESBURG,VA20176			TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C)(3)	1,250
TOYS FOR TOTS 18251 QUANTICO GATEWAY DRIVE TRIANGLE,VA221721776			TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C)(3)	1,000
TRUSTEE OF THE UNIVERSITY OF PA UNIVERSITY OF PENNSYLVANIA PHILADELPHIA,PA19104			TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C)(3)	10,000
Total ................................. 3a				309,750

bApproved for future payment

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

Form 990-PF (2025)

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	186,415
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	51
8 Gain or (loss) from sales of assets other than inventory ............			18	54,559
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		241,025	0

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

241,025

(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 (2025)

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	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 (2025)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2025 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 ADVISORS	9,000	4,500		4,500

- TIN:

TY 2025 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 - 30,000 SHARES	28,550	30,013
ANHEUSER-BUSCH INBEV WOR - 30,000 SHARES	29,693	30,605
B P CAP MARKETS AMERICA - 30,000 SHARES	28,986	30,193
BANK OF AMERICA CORP - 35,000 SHARES	35,054	35,140
BARCLAYS PLC - 30,000 SHARES	30,080	30,534
BRISTOL-MYERS SQUIBB CO - 30,000 SHARES	31,454	31,238
CANADIAN IMPERIAL BANK - 35,000 SHARES	33,176	34,822
CITIGROUP INC - 35,000 SHARES	32,290	34,683
COMCAST CORP - 35,000 SHARES	36,384	36,070
COOPERATIEVE RABOBANK - 35,000 SHARES	37,610	34,920
DEUTSCHE BANK NY - 30,000 SHARES	30,864	31,408
GOLDMAN SACHS GROUP INC - 35,000 SHARES	33,560	35,073
HOME DEPOT INC - 35,000 SHARES	30,793	33,094
HSBC HOLDINGS PLC - 30,000 SHARES	29,891	30,315
INTEL CORP - 30,000 SHARES	30,515	30,566
JOHN DEERE CAPITAL CORP. - 30,000 SHARES	29,748	30,575
JP MORGAN CHASE & CO - 30,000 SHARES	29,087	30,561
KLA CORP - 30,000 SHARES	29,489	30,437
LLOYDS BANK PLC - 30,000 SHARES	31,277	31,584
META PLATFORMS INC - 30,000 SHARES	28,348	29,941
MORGAN STANLEY - 30,000 SHARES	29,763	30,625
ORACLE CORP - 30,000 SHARES	27,593	29,404
PFIZER INVESTMENT ENTER - 30,000 SHARES	28,908	30,318
PNC FINANCIAL SERVICES - 30,000 SHARES	30,296	30,694
ROYAL BANK OF CANADA - 30,000 SHARES	30,383	30,885
ROYAL BANK OF SCOTLAND GROUP PLC - 30,000 SHARES	28,467	30,663
SHELL INTERNATIONAL FIN - 35,000 SHARES	31,479	33,188
SUMITOMO MITSUI FINLGRP - 35,000 SHARES	35,788	36,630
TARGET CORP - 30,000 SHARES	28,939	30,296
TORONTO-DOMINION BANK - 30,000 SHARES	29,678	29,942
TRUIST FINANCIAL CORP - 30,000 SHARES	31,941	31,923
US BANCORP - 30,000 SHARES	28,925	30,225
VERIZON COMMUNICATIONS - 35,000 SHARES	32,338	34,733
WELLS FARGO & COMPANY - 35,000 SHARES	35,155	36,243

- TIN:

TY 2025 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	28,069
ALPHABET INC - 240 SHARES	7,972	75,120
AMAZON.COM INC - 504 SHARES	50,547	116,333
AMERICAN INTERNATIONAL GROUP INC - 200 SHARES	7,703	17,110
AMETEK INC NEW - 108 SHARES	19,101	22,173
AON PLC/IRELAND A - 30 SHARES	9,002	10,586
APPLE INC - 465 SHARES	50,377	126,415
APPLIED MATERIALS INC - 62 SHARES	8,445	15,933
ASSURANT INC - 66 SHARES	14,167	15,896
BANK OF AMERICA CORPORATION - 640 SHARES	24,193	35,200
BANK OF MONTREAL - 30,000 SHARES	30,746	30,760
BENTLY SYSTEMS INC (BSY) - 200 SHARES	9,589	7,633
BERKSHIRE HATHAWAY INC DEL CL B - 102 SHARES	35,409	51,270
BNY MELLON HIGH YIELD FUND - CLASS I - 19,759 SHARES	115,208	107,490
BNY MELLON INTERNATION STOCK FUND - 15078 SHARES	248,651	325,078
BROADCOM INC(AVGO) - 94 SHARES	19,736	32,533
C S X CORP(CSX) - 440 SHARES	14,023	15,950
CAPITAL ONE FINANCIAL CORPORATION - 54 SHARES	9,237	13,087
CASEYS GENERAL STORES INC(CASY) - 10 SHARES	5,673	5,527
CHEVRON CORPORATION(CVX) - 60 SHARES	8,792	9,145
CHEWY+ INC - 410 SHARES	7,443	13,551
CISCO SYSTEMS INC - 500 SHARES	25,907	38,515
CITIGROUP INC(C) - 50 SHARES	4,570	5,835
CME GROUP INC - 51 SHARES	9,068	13,927
COMERICA INC(CMA) - 95 SHARES	6,366	8,258
CONSTELLATION ENERGY - 64 SHARES	7,138	22,609
CRH PLC - 170 SHARES	9,518	21,216
CUMMINS INC(CMI) - 15 SHARES	6,337	7,657
DELTA AIR LINES INC(DAL) - 80 SHARES	4,851	5,552
DIAMONDBACK ENERGY INC - 94 SHARES	13,418	14,131
DOLBY LABORATORIES INC CI-A - 190 SHARES	14,916	12,202
DOMINION RES INC VA NEW - 380 SHARES	18,538	22,264
EQT CORPORATION - 360 SHARES	12,132	19,296
ESTEE LAUDER COMPANIES CLASS A - 70 SHARES	6,290	7,330
EXXON MOBIL CORP(XOM) - 202 SHARES	23,063	24,309
FIRST HORIZON NATIONAL CORP - 580 SHARES	8,763	13,862
FORD MOTOR COMPANY(F0 - 425 SHARES	4,813	5,576
FREEPORT MCMORAN COPPER & GOLD INC - 440 SHARES	19,624	22,348
GE VERNOVA LLC - 9 SHARES	1,581	5,882
GILEAD SCIENCES INC - 100 SHARES	8,889	12,274
GLAXOSMITHKLINE CAP INC - 30,000 SHARES	29,940	30,024
GOLDMAN SACHS GROUP INC - 46 SHARES	19,053	40,434
GQG PARTNERS EMERGING MARKETS EQUITY FUND - 7,709 SHARES	109,000	137,214
HARRIS CORPORATION - 100 SHARES	21,661	29,357
HOWMET AEROSPACE INC - 173 SHARES	11,403	35,468
HUBBELL INC COM - 76 SHARES	28,806	33,752
HUBSPOT, INC - 34 SHARES	18,084	13,644
IDEXX LABS INC - 10 SHARES	5,391	6,765
ILLUMINA INC - 101 SHARES	15,011	13,247
INTERNATIONAL PAPER CO - 290 SHARES	13,579	11,423
INTUITIVE SURGICAL INC - 42 SHARES	16,758	23,787
ISHARES RUSSELL 2000 INDEX FUND - 663 SHARES	86,833	163,204
ISHARES TR S&P MIDCAP 400 INDEX FUND - 5,650 SHARES	351,758	372,900
JOHNSON & JOHNSON - 151 SHARES	23,824	31,249
JP MORGAN CHASE & CO - 135 SHARES	12,619	43,500
LABCORP HOLDING INC - 62 SHARES	12,559	15,555
LAS VEGAS SANDS CORP - 320 SHARES	11,099	20,829
MARATHON PETROLEUM CORP - 60 SHARES	8,933	9,758
MASTERCARD INC - 25 SHARES	13,863	14,272
MEDTRONIC PLC ADR - 370 SHARES	31,537	35,542
META PLATFORMS INC(META) - 25 SHARES	19,045	16,503
MICROSOFT CORPORATION - 323 SHARES	48,135	156,209
NETFLIX COM INC - 170 SHARES	7,487	15,939
NEWMONT MINING CORP - 280 SHARES	12,574	27,958
NVIDIA CORP - 1,140 SHARES	30,188	212,610
OLD REPUBLIC INTL CORP - 165 SHARES	7,660	7,531
PFIZER INC - 230 SHARES	5,700	5,727
PHILLIPS 66 - 85 SHARES	13,361	10,968
REPLIGEN CORP - 81 SHARES	12,675	13,273
ROYAL CARIBBEAN CRUISES LTD - 45 SHARES	9,325	12,551
SCHWAB CHARLES CORP NEW - 120 SHARES	8,856	11,989
SHOPIFY INC - 134 SHARES	14,472	21,570
SPDR BLOOMBERG BARCLAYS HIGH YIELD BOND ETF - 1,866 SHARES	171,429	181,394
SPDR S&P 500 ETF TRUST - 152 SHARES	69,362	103,652
SPDR S&P DIVIDEND ETF - 1,152 SHARES	145,696	160,312
SPOTIFY TECHNOLOGY S.A(SPOT) - 15 SHARES	8,608	8,711
SYNOPSYS INC - 23 SHARES	10,315	10,804
THE WALT DISNEY COMPANY - 209 SHARES	23,649	23,778
THERMO FISHER SCIENTIFIC INC - 15 SHARES	7,337	8,692
TRANE TECHNOLOGIES PUBLIC LIMITED CO - 42 SHARES	1,725	16,346
UNITEDHEALTH GROUP INC - 34 SHARES	4,530	11,224
VAN ECK CM COMMODITY INDEX FUND - 1,293 SHARES	82,810	87,138
VERALTO CORPORATION - 170 SHARES	14,350	16,963
VOYA FINANCIAL INC - 170 SHARES	7,672	12,663

- TIN:

TY 2025 InvestmentsGovtObligationsSch

Name:

LEVON & CLAUDIA NAZARIAN FAMILY

FOUNDATION INC (LEVON NAZARIAN FD'N)

EIN:

11-3587458

US Government Securities - End of Year Book Value:

1,336,280

US Government Securities - End of Year Fair Market Value:

1,377,797

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

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

- TIN:

TY 2025 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	51	51	51

- TIN:

TY 2025 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	41,804	41,804		0

- TIN:

TY 2025 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	21	21		0
PROVISION FOR FIT	8,176	8,176		0