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The Timothy And Susanne Sullivan Family Foundation is a private corporation based in WILMINGTON, DE. The foundation received its IRS ruling in 2006. The principal officer is Foundation Source. It holds total assets of $20.8M. Annual income is reported at $41.2M. Total assets have grown from $526K in 2011 to $686K in 2023. The foundation is governed by 2 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. The foundation primarily funds organizations in Illinois and Virginia. According to available records, The Timothy And Susanne Sullivan Family Foundation has made 2 grants totaling $150K, with a median grant of $75K. Individual grants have ranged from $50K to $100K, with an average award of $75K. The foundation has supported 2 unique organizations. Grant recipients are concentrated in Illinois. Contributions to this foundation are tax-deductible.
Smallest Grant
$10K
Median Grant
$50K
Average Grant
$57K
Largest Grant
$150K
Based on 5 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
The Timothy And Susanne Sullivan Family Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 2 grants. Its grantmaking reaches organizations primarily in IL.
The Timothy And Susanne Sullivan Family Foundation has distributed a total of $150K across 2 grants. The median grant size is $75K, with an average of $75K. Individual grants have ranged from $50K to $100K.
The Timothy And Susanne Sullivan Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
The Timothy And Susanne Sullivan Family Foundation is headquartered in WILMINGTON, DE. The foundation primarily funds organizations in Illinois, Virginia.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Susanne Sullivan | Dir, VP | $0 | $0 | N/A |
| Timothy P Sullivan | Pres, Dir, Sec | $0 | $0 | N/A |
Total Giving
$9K
Total Assets
$686K
Fair Market Value
$931K
Net Worth
$686K
Grants Paid
N/A
Contributions
N/A
Net Investment Income
$144K
Distribution Amount
$41K
Total Grants
2
Total Giving
$150K
Average Grant
$75K
Median Grant
$75K
Unique Recipients
2
Most Common Grant
$100K
of 2021 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Empower IllinoisTax Credit Scholarship Program | Chicago, IL | $100K | 2021 |
| Northwestern Memorial Healthcare-Northwestern MemoDigestive Health Foundation on GI research | Chicago, IL | $50K | 2021 |