The Sussen Foundation
The Sussen Foundation is a private foundation, based in PALM BEACH GARDENS, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $527K in total assets. In 2024, it awarded 8 grants totaling $34K. Net investment income was $487K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$527K
+444.0% YoY
Annual Giving
$34K
+12.6% YoY
Grant Count
8
+14.3% YoY
Avg Grant Size
$4K
-1.5% YoY
Under IRS private-foundation payout rules, The Sussen Foundation reported a distributable amount of $28K for 2024 — the minimum it must pay out in qualifying distributions.
About The Sussen Foundation
Based on IRS filings
The Sussen Foundation is a private foundation, based in PALM BEACH GARDENS, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $527K in total assets. In 2024, it awarded 8 grants totaling $34K. Net investment income was $487K.
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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 | $526,531 | $96,792 | $60,168 |
| Revenue | $487,804 | $91,069 | $80,381 |
| Expenses | $58,065 | $54,445 | $84,780 |
| Qualifying Distributions | $37,131 | $32,349 | $52,471 |
| Net Investment Income | $486,872 | $8,911 | $40,066 |
| Distributable Amount | $28,201 | $30,089 | $25,214 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
Grant Size Distribution
60 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Cleveland Clinic Foundation ($22,000), Divine Word Catholic Church ($3,000), Playhouse Square ($2,500).
| Recipient | Purpose | Amount |
|---|---|---|
| BLUE COATS INC CLEVELAND, OH | CHARITABLE | $2,400 |
| CLEVELAND MUSEUM OF ART CLEVELAND, OH | CHARITABLE | $1,000 |
| DIVINE WORD CATHOLIC CHURCH KIRTLAND, OH | CHARITABLE | $3,000 |
| HOPEWELL THERAPEUTIC FARM MIDDLEFIELD, OH | CHARITABLE | $500 |
| SUB ZERO MISSION PAINESVILLE, OH | CHARITABLE | $2,000 |
| CLEVELAND CLINIC FOUNDATION CLEVELAND, OH | CHARITABLE | $22,000 |
| VILLAGE OF WAITE HILL WAITE HILL, OH | CHARITABLE | $300 |
| PLAYHOUSE SQUARE CLEVELAND, OH | CHARITABLE | $2,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DANIEL C SUSSEN SR | OFFICER | 5 | — |
| LOIS N SUSSEN | OFFICER | 2 | — |
| MARGARET S GIFT | OFFICER | 2 | — |
| DANIEL C SUSSEN JR | OFFICER | 2 | — |
| PETER K SUSSEN | OFFICER | 2 | — |
Frequently Asked Questions
How large is The Sussen Foundation?
As of 2024, The Sussen Foundation holds $527K in total assets with $488K in annual revenue. It awarded 8 grants totaling $34K in 2024.
Where does The Sussen Foundation operate?
The Sussen Foundation has awarded grants in Florida, Illinois, Maryland, Minnesota, Ohio.
What size grants does The Sussen Foundation award?
In 2024, The Sussen Foundation awarded 8 grants totaling $34K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is The Sussen Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Sussen Foundation reported a distributable amount of $28K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Sussen Foundation's EIN?
The Sussen Foundation's EIN (Employer Identification Number) is 34-1617964. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Sussen 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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