Richard & Lisa Soultanian Foundation Inc
Richard & Lisa Soultanian Foundation Inc is a private foundation based in Basking Ridge, New Jersey. In its 2025 filing, it reported 20 grants totaling $36,450, with listed recipients including educational institutions, charitable organizations, and community organizations.
Richard & Lisa Soultanian Foundation Inc at a glance
In short: Richard & Lisa Soultanian Foundation Inc gave $36K across 20 grants in 2025 (avg $2K), top state New Jersey. 20% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $36,450
- -10.4% vs 2024
- Grants made (2025)
- 20
- +0.0% vs 2024
- Average grant
- $1,823
- -10.4% vs 2024
- Median grant
- $1,000
- Total assets
- $587,520
- -1.7% vs 2024
- New grantees (estimate)
- 20% first-time grantees (4 of 20, 2025; small sample)
- Primary geography
- New Jersey (35% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Richard & Lisa Soultanian Foundation Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. No application process or required materials are specified.
- Contact
Mailing address: 82 Governor Dr, Basking Ridge, NJ 07920
Phone: (201) 391-4300
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Richard & Lisa Soultanian Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Bucknell University ($10K). Together the top 10 received $31K.
Grant Size Distribution
101 grants across all recorded years
The most common grant size was under $50K: 101 grants of 101 (100%).
Geographic Focus
Where this funder awards grants
In 2025, grant dollars were distributed among recipients in New Jersey (35%), Pennsylvania (27%), North Carolina (14%), New York (7%), and Washington, DC (5%).
Grant Distribution by State
Share of 2025 grant dollars across all 20 itemized grants.
States
Cities
Is Richard & Lisa Soultanian Foundation Inc open to new grantees?
20%
first-time grantees, 2025
In 2025, 4 of 20 grantees (20%) were first-time recipients. With only 20 grantees, that is a small sample: one grantee more or less moves the share by about 5 points. First grants averaged $2K; repeat grants $2K. How we count
Medians: $2K first-time, $1K repeat.
- 80% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (+0%). Method
- In 2025 it paid out 102% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $35K (2020) to $44K (2023). In 2025 it made 20 grants totaling $36K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Bucknell University Lewisburg, PA | General Support | $10,000 |
| The Pingry School Basking Ridge, NJ | General Support | $5,000 |
| Wake Forest University Fund Winston-Salem, NC | General Support | $5,000 |
| St Leons Armenian Church Fairlawn, NJ | General Support | $2,750 |
| Devils Youth Foundation Newark, NJ | General Support | $2,000 |
| NYU New York, NY | General Support | $1,500 |
| Loaves and Fishes New Haven, CT | General Support | $1,500 |
| American Red Cross Boone, IA | General Support | $1,000 |
| Doctors Without Borders New York, NY | General Support | $1,000 |
| Feeding America Washington, DC | General Support | $1,000 |
Ready to take the next step with Richard & Lisa Soultanian Foundation Inc?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $587,520 | $25,944 | $36,896 | $36,450 | 20 | $36,450 | $25,944 | $35,766 |
| 2024 | $597,743 | $32,111 | $41,121 | $40,700 | 20 | $40,700 | $32,111 | $35,820 |
| 2023 | $605,757 | $30,283 | $44,065 | $43,850 | 23 | $43,950 | $30,283 | $32,506 |
| 2022 | $620,539 | $8,238 | $36,616 | $36,450 | 19 | $36,450 | $8,238 | $33,267 |
| 2021 | $646,931 | $2,227 | $41,914 | $41,750 | 19 | $41,750 | $2,227 | $34,121 |
| 2020 | $686,693 | $9,148 | $35,413 | $35,250 | 21 | — | $9,148 | $34,474 |
Under IRS private-foundation payout rules, Richard & Lisa Soultanian Foundation Inc reported a distributable amount of $36K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2025 grants included general support for organizations such as Bucknell University, The Pingry School, Wake Forest University Fund, and St Leons Armenian Church. Other reported recipients include Devils Youth Foundation, which describes its work as creating opportunities for New Jersey youth through sports and entertainment and addressing food insecurity, health and wellness, safe places to play and learn, and diversity and inclusion. World Central Kitchen describes its work as providing meals in response to humanitarian, climate, and community crises. Emory University describes its mission as creating, preserving, teaching, and applying knowledge in the service of humanity.
Grantmaking
In 2025, the foundation gave 20 grants totaling $36,450. Grants ranged from $100 to $10,000, with a median grant of $1,000. The largest listed grants were $10,000 to Bucknell University, $5,000 to The Pingry School, $5,000 to Wake Forest University Fund, $2,750 to St Leons Armenian Church, and $2,000 to Devils Youth Foundation. Each was designated for general support.
Other reported 2025 recipients include NYU ($1,500), Loaves and Fishes ($1,500), American Red Cross ($1,000), Doctors Without Borders ($1,000), Feeding America ($1,000), Nourish NJ ($1,000), St Judes Medical Center ($1,000), World Central Kitchen ($1,000), and Emory University ($500).
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Richard Soultanian and Lisa Soultanian as presidents.
Richard & Lisa Soultanian Foundation Inc is led by Lisa Soultanian, President on every filing since 2020; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Lisa Soultanian
President
On filings since 2020
No compensation reported
Richard Soultanian
President
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Richard & Lisa Soultanian Foundation Inc
How much does Richard & Lisa Soultanian Foundation Inc give each year?
Richard & Lisa Soultanian Foundation Inc gave $36K across 20 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $41K across 20 grants.
What is Richard & Lisa Soultanian Foundation Inc's typical grant size?
Richard & Lisa Soultanian Foundation Inc's median grant in 2025 was $1,000, and its average grant was $1,823, across 20 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Richard & Lisa Soultanian Foundation Inc that year got $2K on average.
Where does Richard & Lisa Soultanian Foundation Inc give grants?
Richard & Lisa Soultanian Foundation Inc's top state is New Jersey, with 35% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were Pennsylvania (27%) and North Carolina (14%). The most frequent recipient cities were Basking Ridge, NJ (3 grants), Winston-Salem, NC (2 grants), New York, NY (2 grants) and Washington, DC (2 grants).
Does Richard & Lisa Soultanian Foundation Inc give general operating support?
Yes: 100% of Richard & Lisa Soultanian Foundation Inc's 2025 grants with a stated purpose (20 of 20) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Richard & Lisa Soultanian Foundation Inc's largest grantees?
Richard & Lisa Soultanian Foundation Inc's largest 2025 grantees include Bucknell University ($10,000), The Pingry School ($5,000) and Wake Forest University Fund ($5,000), according to its 2025 IRS Form 990-PF. Together they received 55% of its itemized 2025 grant dollars.
How large is Richard & Lisa Soultanian Foundation Inc?
Richard & Lisa Soultanian Foundation Inc reported $588K in total assets on its 2025 IRS Form 990-PF. It paid out $36K in qualifying distributions that year, against a required minimum of $36K (roughly 5% of its investment assets).
What does Richard & Lisa Soultanian Foundation Inc fund?
No mission statement for the foundation is provided. Its 2025 grants included general support for organizations such as Bucknell University, The Pingry School, Wake Forest University Fund, and St Leons Armenian Church. See mission & focus areas ↑
How do I apply for a grant from Richard & Lisa Soultanian Foundation Inc?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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 2020–2025.
Does Richard & Lisa Soultanian Foundation Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 18, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Richard & Lisa Soultanian Foundation Inc's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Enterprise Holdings Foundation
Saint Louis, MO
The Enterprise Holdings Foundation supports charitable and educational nonprofits in communities where Enterprise Mobility operates, focusing on health, education, arts, and disaster relief; applicants must be actively supported by an Enterprise Mobility team member, spouse, or domestic partner. Giving varies widely: it reported 9,499 grants in 2024, but its 2025 filing showed one grant of $101.4 million, so that amount is not a typical award. Applications are accepted at any time through eligible Enterprise-affiliated applicants; the Foundation does not limit giving to preselected organizations.
Assets
$594.3M
Grants
1
Total Given
$101.4M
AbbVie Foundation
North Chicago, IL
The AbbVie Foundation funds health equity, access to care, cancer care, community health, and related community-led programs through partnerships and employee initiatives. Its 2025 grants ranged from $8,000 to $15 million, with a median of $25,000; it supports work worldwide, with the largest share of recent grants going to Illinois. It makes grants only to preselected organizations and does not accept unsolicited requests.
Assets
$265.6M
Grants
65
Total Given
$47.1M
Bristol-Myers Squibb Foundation Inc
Princeton, NJ
The Bristol-Myers Squibb Foundation supports health access and stronger health systems, with a focus on adult and pediatric cancers, blood disorders, brain health, and clinical-trial participation in the United States, Brazil, India, and ten Sub-Saharan African countries. In 2024, its median grant was about $134,000, though awards varied widely; it does not state whether it accepts unsolicited requests, and advises prospective applicants to contact the Foundation about its process.
Assets
$83.3M
Grants
144
Total Given
$67.7M
United Way Worldwide
Alexandria, VA
United Way Worldwide funds community programs focused on youth opportunity, health, financial security, education, and disaster relief, with 2024 grants made across multiple U.S. states and internationally. Its 209 reported grants ranged from $5,100 to $736,333, with a median of $22,675. It does not state whether it accepts unsolicited grant requests.
Assets
$68.0M
Grants
209
Total Given
$11.4M
Synchrony Foundation
Stamford, CT
In 2024, Synchrony Foundation supported charitable organizations across workforce development, education, financial assistance, and giving, with grants ranging from $150 to $2.6 million and a median of $10,000. Its largest shares of grant funding went to Connecticut, New York, and South Carolina, followed by the District of Columbia and New Jersey; it does not accept unsolicited requests and funds preselected organizations only.
Assets
$72.3M
Grants
394
Total Given
$20.5M
The MCJ Amelior Foundation
Morristown, NJ
The MCJ Amelior Foundation supports organizations working in public education, health, youth services, and social enterprise. In 2024, grants ranged from $100 to $820,128, with a median of $10,000; the largest shares went to New Jersey, New York, and Washington, with additional funding in Massachusetts and California. It funds only preselected charitable organizations and does not accept unsolicited requests.
Assets
$74.0M
Grants
149
Total Given
$5.8M
More similar funders
More Funders in New Jersey
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Richard & Lisa Soultanian Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Richard & Lisa Soultanian Foundation Inc down — hundreds of funders to go?