The Sulica Fund Inc
The Sulica Fund Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Santa Fe, NM. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $727K in total assets. In 2024, it awarded 9 grants totaling $44K. Net investment income was $30K.
Key facts about The Sulica Fund Inc
- EIN
- 52-2199624
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $43,500
- Grants made (2024)
- 9
- Average grant
- $4,833
- Median grant
- $5,000
- Total assets
- $727,118
- Primary geography
- New Mexico (90% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Sulica Fund Inc funds
By grant dollars, the top recipient states for The Sulica Fund Inc's 9 itemized 2024 grants were New Mexico (90%) and New York (7%). The most frequent recipient cities were Santa Fe, NM (6 grants). 100% of grants with a stated purpose were for general or operating support.
How The Sulica Fund Inc gives
- Giving fell 64% from 2021 to 2024. Method
- In 2024 it paid out 104% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with The Sulica Fund Inc
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$727K
-4.2% YoY
Annual Giving
$44K
-64.6% YoY
Grant Count
9
-72.7% YoY
Avg Grant Size
$5K
+29.7% YoY
Under IRS private-foundation payout rules, The Sulica Fund Inc reported a distributable amount of $42K for 2024 — the minimum it must pay out in qualifying distributions.
About The Sulica Fund Inc
Based on IRS filings
The Sulica Fund Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Santa Fe, NM. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $727K in total assets. In 2024, it awarded 9 grants totaling $44K. Net investment income was $30K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 9 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $727,118 | $759,365 | $875,428 |
| Revenue | $43,294 | $31,493 | $49,489 |
| Expenses | $75,541 | $147,556 | $155,408 |
| Qualifying Distributions | $43,500 | $123,000 | $138,500 |
| Net Investment Income | $30,048 | $15,866 | $34,584 |
| Distributable Amount | $41,631 | $44,189 | $46,932 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
Grant Size Distribution
143 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Food Depotthe ($15,000), Tomorrow's Women ($7,000), Axle Projects ($6,000).
| Recipient | Purpose | Amount |
|---|---|---|
| FOOD DEPOTTHE Santa Fe, NM | GENERAL DONATION | $15,000 |
| TOMORROW'S WOMEN Santa Fe, NM | GENERAL DONATION | $7,000 |
| AXLE PROJECTS Santa Fe, NM | GENERAL DONATION | $6,000 |
| LA FAMILIA HEALTH Santa Fe, NM | GENERAL DONATION | $5,000 |
| SANTA FE JEWISH CENTER CHABAD Santa Fe, NM | GENERAL DONATION | $5,000 |
| AMERICAN SOC FOR PROTECT OF NATURE IN ISRAEL Great Neck, NY | GENERAL DONATIONGENERAL DONATIONGENERAL DONATION | $2,000 |
| RACHEL LYON FILMMAKERS COLLABORATIVE Cincinnati, OH | GENERAL DONATION | $1,500 |
| NATIONAL DANCE INSTITUTE New York, NY | GENERAL DONATION | $1,000 |
| READING QUEST CENTER Santa Fe, NM | GENERAL DONATION | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Susan Freeman McGee | President, Director | 5 | $10,000 |
| Lisa Freeman | Vice-PRES,SECR, Treasurer,, Director | 5 | $10,000 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Sulica Fund Inc?
The Sulica Fund Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Santa Fe, NM. It holds $727K in total assets as of 2024.
How large is The Sulica Fund Inc?
As of 2024, The Sulica Fund Inc holds $727K in total assets with $43K in annual revenue. It awarded 9 grants totaling $44K in 2024.
Where does The Sulica Fund Inc operate?
The Sulica Fund Inc has awarded grants in Alabama, California, Colorado, District of Columbia, Massachusetts, Maryland, New Mexico, New York, Ohio, Washington.
What size grants does The Sulica Fund Inc award?
In 2024, The Sulica Fund Inc awarded 9 grants totaling $44K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is The Sulica Fund Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Sulica Fund Inc reported a distributable amount of $42K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Sulica Fund Inc's EIN?
The Sulica Fund Inc's EIN (Employer Identification Number) is 52-2199624. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.