Szulik Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RALEIGH, NC. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $12.2M in total assets. In 2024, it awarded 7 grants totaling $1.4M. Net investment income was $1.5M.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$12.2M
+15.9% YoY
Annual Giving
$1.4M
+131.1% YoY
Grant Count
7
+16.7% YoY
Avg Grant Size
$196K
+98.1% YoY
Under IRS private-foundation payout rules, Szulik Family Foundation reported a distributable amount of $675K for 2024 — the minimum it must pay out in qualifying distributions.
About Szulik Family Foundation
Based on IRS filings
Szulik Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RALEIGH, NC. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $12.2M in total assets. In 2024, it awarded 7 grants totaling $1.4M. Net investment income was $1.5M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $12,212,365 | $10,538,234 | $10,953,641 |
| Revenue | $3,204,289 | $377,237 | $811,963 |
| Expenses | $1,569,938 | $792,644 | $850,174 |
| Qualifying Distributions | $1,379,342 | $598,100 | $645,825 |
| Net Investment Income | $1,520,197 | $315,677 | $645,547 |
| Distributable Amount | $674,678 | $605,790 | $602,460 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
44 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Duke University ($1,000,000), Duke University ($150,000), Third Option Foundation ($125,000).
| Recipient | Purpose | Amount |
|---|---|---|
| THIRD OPTION FOUNDATION RESTON, VA | GENERAL | $125,000 |
| ST CHARLES BORROMEO CATHOLIC CHURCH ARLINGTON, VA | GENERAL | $50,000 |
| BUZZARDS BAY COALITION NEW BEDFORD, MA | GENERAL | $25,000 |
| SAM & DEVORAH FOUNDATION FOR TRANS YOUTH CHATHAM, NJ | GENERAL | $25,000 |
| DUKE UNIVERSITY DURHAM, NC | GENERAL | $150,000 |
| DUKE UNIVERSITY DURHAM, NC | GENERAL | $1,000,000 |
| FROM K-1 PILLAR III-A BOSTON, MA | GENERAL | $125 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MATTHEW J SZULIK | TRUSTEE | 1 | — |
| KYLE SZULIK | TRUSTEE | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Szulik Family Foundation?
Szulik Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RALEIGH, NC. It holds $12.2M in total assets as of 2024.
How large is Szulik Family Foundation?
As of 2024, Szulik Family Foundation holds $12.2M in total assets with $3.2M in annual revenue. It awarded 7 grants totaling $1.4M in 2024.
Where does Szulik Family Foundation operate?
Szulik Family Foundation has awarded grants in Massachusetts, North Carolina, New Jersey, Ohio, Virginia.
What size grants does Szulik Family Foundation award?
In 2024, Szulik Family Foundation awarded 7 grants totaling $1.4M — an average of about $196K per grant, based on its IRS Form 990 filings.
How much is Szulik Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Szulik Family Foundation reported a distributable amount of $675K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Szulik Family Foundation's EIN?
Szulik Family Foundation's EIN (Employer Identification Number) is 27-6979466. IRS Form 990 filing data is available on this page for 2019–2024.
Explore Open Grants
Browse active grant opportunities in Szulik Family Foundation'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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