The Timothy and Susanne Sullivan Family
The Timothy and Susanne Sullivan Family is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $20.8M in total assets. In 2024, it awarded 6 grants totaling $1.5M. Net investment income was $19.6M.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$20.8M
+2931.2% YoY
Annual Giving
$1.5M
Grant Count
6
Avg Grant Size
$246K
Under IRS private-foundation payout rules, The Timothy and Susanne Sullivan Family reported a distributable amount of $90K for 2024 — the minimum it must pay out in qualifying distributions.
About The Timothy and Susanne Sullivan Family
Based on IRS filings
The Timothy and Susanne Sullivan Family is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $20.8M in total assets. In 2024, it awarded 6 grants totaling $1.5M. Net investment income was $19.6M.
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 | $20,790,145 | $685,869 | $550,665 |
| Revenue | $20,084,375 | $144,537 | $12,593 |
| Expenses | $1,497,021 | $9,333 | $9,075 |
| Qualifying Distributions | $1,489,403 | $8,438 | $8,444 |
| Net Investment Income | $19,572,360 | $143,969 | $11,962 |
| Distributable Amount | $90,433 | $41,224 | $41,343 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
11 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Big Shoulders Fund ($625,000), Truenu ($250,000), Catholic Charities of the Archdiocese of Chicago ($212,627).
| Recipient | Purpose | Amount |
|---|---|---|
| BIG SHOULDERS FUND CHICAGO, IL | Sullivan Fellows Program and Covered Schools | $625,000 |
| CATHOLIC CHARITIES OF THE ARCHDIOCESE OF CHICAGO CHICAGO, IL | General & Unrestricted | $212,627 |
| NORTHWESTERN UNIVERSITY EVANSTON, IL | Shapiro Hall and Shapiro Northwestern Academy | $125,000 |
| STANFORD UNIVERSITY - GSB STANFORD, CA | Yellow Ribbon Program, Ignite Program, and Deans Fund | $105,000 |
| TRUENU BARTLETT, IL | General & Unrestricted | $250,000 |
| UNITED STATES NAVAL ACADEMY ANNAPOLIS, MD | Influencer Program, Athletics Fund and Annual Fund | $160,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Susanne Sullivan | Dir, VP | 1 | — |
| Timothy P Sullivan | Pres, Dir, Sec | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Timothy and Susanne Sullivan Family?
The Timothy and Susanne Sullivan Family is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. It holds $20.8M in total assets as of 2024.
How large is The Timothy and Susanne Sullivan Family?
As of 2024, The Timothy and Susanne Sullivan Family holds $20.8M in total assets with $20.1M in annual revenue. It awarded 6 grants totaling $1.5M in 2024.
Where does The Timothy and Susanne Sullivan Family operate?
The Timothy and Susanne Sullivan Family has awarded grants in California, Illinois, Maryland, Virginia.
What size grants does The Timothy and Susanne Sullivan Family award?
In 2024, The Timothy and Susanne Sullivan Family awarded 6 grants totaling $1.5M — an average of about $246K per grant, based on its IRS Form 990 filings.
How much is The Timothy and Susanne Sullivan Family required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Timothy and Susanne Sullivan Family reported a distributable amount of $90K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Timothy and Susanne Sullivan Family's EIN?
The Timothy and Susanne Sullivan Family's EIN (Employer Identification Number) is 20-3367664. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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