Sullivan Charitable Trust

TULSA, OK EIN: 23-7369119

Sullivan Charitable Trust is a private foundation focused on Education, based in TULSA, OK. IRS filing data is available from 2020 through 2023. As of 2023, the organization holds $428K in total assets. In 2023, it awarded 3 grants totaling $24K. Net investment income was $9K.

Financial Overview

From 2023 IRS Form 990-PF · View filing

Total Assets

$428K

-4.1% YoY

Annual Giving

$24K

-14.3% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$8K

-14.3% YoY

Under IRS private-foundation payout rules, Sullivan Charitable Trust reported a distributable amount of $22K for 2023 — the minimum it must pay out in qualifying distributions.

About Sullivan Charitable Trust

Based on IRS filings

Focus Areas

Education

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Indiana $74K (66%)

Oklahoma $38K (34%)

States

Indiana Oklahoma

Cities

Notre DameTulsa

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2023	2022	2021
Total Assets	$428,141	$446,477	$471,955
Revenue	$17,113	$8,215	$30,853
Expenses	$35,449	$33,693	$38,331
Qualifying Distributions	$24,000	$28,000	$26,500
Net Investment Income	$8,625	$4,481	$19,022
Distributable Amount	$22,218	$23,097	$26,303

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2023

Grant Size Distribution

12 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2023 grants, the largest include University of Notre Dame (mba and Undergraduate ($16,000), Drexel Academy ($5,500), Friends of Catholic Education ($2,500).

Recipient	Purpose	Amount
UNIVERSITY OF NOTRE DAME (MBA AND UNDERGRADUATE NOTRE DAME, IN	EDUCATIONAL	$16,000
FRIENDS OF CATHOLIC EDUCATION TULSA, OK	EDUCATIONAL	$2,500
DREXEL ACADEMY TULSA, OK	EDUCATIONAL	$5,500

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2023 IRS filing

From 2023 filing

Name	Title	Hours	Compensation
ROBERT J SULLIVAN JR	TRUSTEE	2	—
ANTHONY J LAUINGER	TRUSTEE	2	—
WILLIAM L SCHLOSS III	TRUSTEE	2	—
MARTIN F SULLIVAN	TRUSTEE	2	—

Subject Areas

Focus areas based on grantmaking activity

Education

Frequently Asked Questions

What is Sullivan Charitable Trust?

Sullivan Charitable Trust is a private foundation focused on Education, based in TULSA, OK. It holds $428K in total assets as of 2023.

How large is Sullivan Charitable Trust?

As of 2023, Sullivan Charitable Trust holds $428K in total assets with $17K in annual revenue. It awarded 3 grants totaling $24K in 2023.

Where does Sullivan Charitable Trust operate?

Sullivan Charitable Trust has awarded grants in Indiana, Oklahoma.

What size grants does Sullivan Charitable Trust award?

In 2023, Sullivan Charitable Trust awarded 3 grants totaling $24K — an average of about $8K per grant, based on its IRS Form 990 filings.

How much is Sullivan Charitable Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2023, Sullivan Charitable Trust reported a distributable amount of $22K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.