Tina and Richard V. Carolan Foundation
EIN 223085237 Private FoundationTotal Given 2020–2024
$3.8M
76 grants · $757K avg/year
based on 5 yrs of IRS 990-PF records on file
$100K+/yr
local funder
capacity
$38K
typical mid grants · $24K–$53K
grant size
41%
supporter · 17/41 multi-year
repeat
$26.1M
Assets (2024)
41
Distinct Recipients
Focus Areas
Application Information
Accepts Unsolicited Proposals
Unknown
Contact Person
Tina and Richard V Carolan
Phone
(908) 766-1040
Deadlines
No Submission Deadlines
How to Apply
Applications are accepted in letter form and should include evidence of the applicant's tax status or a statement that its status had not changed since it last filed a grant request with the Foundation.
Restrictions
No Restrictions or Limitations on Awards.
Financial Trends
Giving Over Time
Total Assets Over Time
View financial data as table
| Year | Total Giving | Total Assets | Revenue | Grants |
|---|---|---|---|---|
| 2020 | $740K | $19.1M | $448K | 19 |
| 2022 | $923K | $19.9M | $661K | 21 |
| 2023 | $1.0M | $21.9M | $11.5M | 17 |
| 2024 | $1.1M | $26.1M | $824K | 19 |
Grant Size Distribution
Based on 76 grants on record
Minimum
$3K
25th Pctl
$24K
Median
$38K
Average
$50K
75th Pctl
$53K
Maximum
$200K
Geographic Distribution
Officers & Directors
Grants Awarded (76 total)
| Purpose | ||||
|---|---|---|---|---|
| Team Type 1 Foundation | Atlanta, GA | $200,000 | Global Ambassador Scholarship Program and TT1 Athletics Program | 2022 |
| Foundation for Morristown Medical Center | Morristown, NJ | $200,000 | Purchase of a Zeiss Kinevo 900 Robotic Visualization System | 2023 |
| Best Buddies | Miami, FL | $200,000 | SUPPORT BEST BUDDIES LIVING | 2024 |
| Team Type 1 Foundation | Atlanta, GA | $150,000 | Team support and Global Ambassador Scholarship Program | 2023 |
| Team Type 1 Foundation | Atlanta, GA | $125,000 | TEAM SUPPORT AND GLOBAL AMBASSADOR SCHOLARSHIP PROGRAM | 2024 |
| Armenian National Committee of America | Washington, DC | $100,000 | Equipment upgrades for Social Media Outreach Program | 2020 |
| ACF Western USA Inc | Glendale, CA | $100,000 | Program of Relief Effort in Kharapagh | 2020 |
| Armenian Apostolic Church of America Eastern Prelacy | New York, NY | $100,000 | Humanitarian Relief Efforts | 2023 |
| Armenian Apostolic Church of America Eastern Prelacy | New York, NY | $100,000 | Earthquake Relief Effort | 2023 |
| Best Buddies | Miami, FL | $100,000 | Support Best Buddies Living | 2023 |
| Armenian Apostolic Church of America Eastern Prelacy | New York, NY | $100,000 | EARTHQUAKE RELIEF EFFORT | 2024 |
| Foundation for Morristown Medical Center | Morristown, NJ | $100,000 | PURCHASE OF A ZEISS KINEVO 900 ROBOTIC VISUALIZATION SYSTEM | 2024 |
| USA Cycling Foundation | Colorado Springs, CO | $75,000 | Development and Youth Cycling Initiative | 2020 |
| Best Buddies | Miami, FL | $75,000 | Salesforce Software Upgrade Program | 2022 |
| USA Cycling Foundation | Colorado Springs, CO | $75,000 | Support the USA Cycling Team Van and Centers of Excellence | 2023 |
| Memorial Sloan Kettering Cancer Center | New York, NY | $75,000 | THE FIFTH INSTALLMENT OF A FIVE YEAR PLEDGE FOR BIOMARKER DEVELOPMENT RESEARCH | 2024 |
| USA Cycling Foundation | Colorado Springs, CO | $75,000 | SUPPORT THE USA CYCLING TEAM VAN AND CENTERS OF EXCELLENCE | 2024 |
| Armenian Apostolic Church of America Eastern Prelacy | New York, NY | $65,000 | Construction cost for new pews at the Cathedral of St. Gregory the Illuminator | 2020 |
| University of Maimi | Coral Gables, FL | $63,800 | CHARITABLE | 2024 |
| Team Type 1 Foundation | Atlanta, GA | $50,000 | Global Ambassador Scholarship Program, and TT1 Junior Racing Team | 2020 |
| Foundation for Morristown Medical Center | Morristown, NJ | $50,000 | Equipment to aid in the Coronavirus pandemic | 2020 |
| Memorial Sloan Kettering | New York, NY | $50,000 | The second installment of a five year pledge for biomarker research. | 2020 |
| ANCA Endowment Fund | Washington, DC | $50,000 | Educational and charitable programs | 2022 |
| ANCA Endowment Fund | Washington, DC | $50,000 | Software and technical upgrades | 2022 |
| Armenian Apostolic Church of America Eastern Prelacy | New York, NY | $50,000 | To support Armenian schools in Lebanon | 2022 |
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