The Sweetheart Foundation
The Sweetheart Foundation is a private foundation focused on Human Services, based in Allendale, NJ. IRS filing data is available from 2023 through 2025. As of 2025, the organization holds $188K in total assets. In 2025, it awarded 1 grant totaling $71K. Net investment income was $5K.
The Sweetheart Foundation at a glance
In short: The Sweetheart Foundation gave $71K across 1 grant in 2025 (avg $71K), mostly in New Jersey. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $70,900
- +1120.7% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $70,900
- +1120.7% vs 2024
- Median grant
- $70,900
- Total assets
- $188,363
- +2.2% vs 2024
- Primary geography
- New Jersey (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Sweetheart Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Oasis ($71K).
Grant Size Distribution
2 grants across all recorded years
The most common grant size was under $50K: 1 grant of 2 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How The Sweetheart Foundation gives
- In 2025 it paid out 798% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2024 to 2025, annual grant giving ranged from $6K (2024) to $71K (2025). In 2025 it made 1 grant totaling $71K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Oasis Paterson, NJ | General Activities | $70,900 |
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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 | $188,363 | $77,219 | $74,509 | $70,900 | 1 | $72,475 | $5,185 | $9,087 |
| 2024 | $184,247 | $117,214 | $8,386 | $5,808 | 1 | $6,778 | $5,606 | $7,358 |
| 2023 | $75,419 | $25,480 | $31 | — | — | $31 | $480 | $4,256 |
Under IRS private-foundation payout rules, The Sweetheart Foundation reported a distributable amount of $9K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Sweetheart Foundation's 2025 filing lists 4 officers; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Erin Larossa
Trustee
On filings since 2023
1 hr/week
No compensation reported
Martha Ann Sutphin
Trustee
On filings since 2023
2 hrs/week
No compensation reported
Ralph Larossa
Trustee
On filings since 2023
1 hr/week
No compensation reported
William Larossa
Trustee
On filings since 2023
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2023–2025. "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 The Sweetheart Foundation
How much does The Sweetheart Foundation give each year?
The Sweetheart Foundation gave $71K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $6K across 1 grant.
How large is The Sweetheart Foundation?
The Sweetheart Foundation reported $188K in total assets on its 2025 IRS Form 990-PF. It paid out $72K in qualifying distributions that year, against a required minimum of $9K (roughly 5% of its investment assets).
What is The Sweetheart Foundation?
The Sweetheart Foundation is a private foundation focused on Human Services, based in Allendale, NJ. It holds $188K in total assets as of 2025.
Where does The Sweetheart Foundation operate?
The Sweetheart Foundation has awarded grants in New Jersey.
What is The Sweetheart Foundation's EIN?
The Sweetheart Foundation's EIN (Employer Identification Number) is 85-4100354. IRS Form 990 filing data is available on this page for 2023–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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 12, 2026)
- IRS filings on file for fiscal years 2023–2024
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Browse active grant opportunities in The Sweetheart Foundation's focus areas in our free grants database
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