Richard & Lisa Soultanian Foundation Inc
Richard & Lisa Soultanian Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BASKING RIDGE, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $598K in total assets. In 2024, it awarded 20 grants totaling $41K. Net investment income was $32K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$598K
-1.3% YoY
Annual Giving
$41K
-7.2% YoY
Grant Count
20
-13.0% YoY
Avg Grant Size
$2K
+6.7% YoY
Under IRS private-foundation payout rules, Richard & Lisa Soultanian Foundation Inc reported a distributable amount of $36K for 2024 — the minimum it must pay out in qualifying distributions.
About Richard & Lisa Soultanian Foundation Inc
Based on IRS filings
Richard & Lisa Soultanian Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BASKING RIDGE, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $598K in total assets. In 2024, it awarded 20 grants totaling $41K. Net investment income was $32K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $597,743 | $605,757 | $620,539 |
| Revenue | $32,111 | $30,283 | $8,238 |
| Expenses | $41,121 | $44,065 | $36,616 |
| Qualifying Distributions | $40,700 | $43,950 | $36,450 |
| Net Investment Income | $32,111 | $30,283 | $8,238 |
| Distributable Amount | $35,820 | $32,506 | $33,267 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
102 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Bucknell University ($10,000), Wake Forest Law School ($10,000), The Pingry School ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN RED CROSS BOONE, IA | GENERAL SUPPORT | $1,000 |
| ARMENIAN EYE PROJECT SAN DIMAS, CA | GENERAL SUPPORT | $750 |
| BUCKNELL UNIVERSITY LEWISBURG, PA | GENERAL SUPPORT | $10,000 |
| DOCTORS WITHOUT BORDERS NEW YORK, NY | GENERAL SUPPORT | $1,000 |
| EMORY UNIVERSITY ATLANTA, GA | GENERAL SUPPORT | $500 |
| FEEDING AMERICA WASHINGTON, DC | GENERAL SUPPORT | $1,000 |
| FRIENDS OF BERNARDS LIBRARY BASKING RIDGE, NJ | GENERAL SUPPORT | $500 |
| LIBERTY CORNER FIRE DEPARTMENT LIBERTY CORNER, NJ | GENERAL SUPPORT | $100 |
| MARINES TOYS FOR TOTS METUCHEN, NJ | GENERAL SUPPORT | $500 |
| NOURISH NJ MORRISTOWN, NJ | GENERAL SUPPORT | $1,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RICHARD SOULTANIAN | PRESIDENT | — | — |
| LISA SOULTANIAN | PRESIDENT | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Richard & Lisa Soultanian Foundation Inc?
Richard & Lisa Soultanian Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BASKING RIDGE, NJ. It holds $598K in total assets as of 2024.
How large is Richard & Lisa Soultanian Foundation Inc?
As of 2024, Richard & Lisa Soultanian Foundation Inc holds $598K in total assets with $32K in annual revenue. It awarded 20 grants totaling $41K in 2024.
Where does Richard & Lisa Soultanian Foundation Inc operate?
Richard & Lisa Soultanian Foundation Inc has awarded grants in California, Connecticut, District of Columbia, Georgia, Iowa, Indiana, Maryland, North Carolina, New Jersey, New York, Pennsylvania, Tennessee.
What size grants does Richard & Lisa Soultanian Foundation Inc award?
In 2024, Richard & Lisa Soultanian Foundation Inc awarded 20 grants totaling $41K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Richard & Lisa Soultanian Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Richard & Lisa Soultanian Foundation Inc reported a distributable amount of $36K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Richard & Lisa Soultanian Foundation Inc's EIN?
Richard & Lisa Soultanian Foundation Inc's EIN (Employer Identification Number) is 81-4559460. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Richard & Lisa Soultanian Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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