How much does Tina and Richard V Carolan Foundation give?

Tina and Richard V Carolan Foundation reported 19 grants totaling $1,098,632 in its FY2024 IRS filing. It funded between 14 and 19 organizations a year over FY2020 to FY2023.

What does Tina and Richard V Carolan Foundation fund?

By grant dollars over FY2020 to FY2024, its largest causes are Health (38%), Recreation & Sports (14%), Public Safety & Disaster (11%).

Who are Tina and Richard V Carolan Foundation's largest grantees?

By total granted over FY2020 to FY2024: Team Type 1 Inc ($575k), Foundation for Morristown Medical Center ($570k), Best Buddies International Inc ($375k).

Does Tina and Richard V Carolan Foundation fund new organizations?

In FY2023, 38% of the organizations it funded were first-time grantees.

Does Tina and Richard V Carolan Foundation accept unsolicited applications?

Its most recent filing reports that it accepts unsolicited grant applications.

Which funders back the same organizations as Tina and Richard V Carolan Foundation?

Its strongest co-funders, measured against what their size predicts, include Natl Christian Charitable Fdn Inc, Donor Advised Charitable Giving Inc, Fidelity Investments Charitable Gift Fund.

Where is Tina and Richard V Carolan Foundation based?

Tina and Richard V Carolan Foundation is based in NJ.

Tina and Richard V Carolan Foundation

Tina and Richard V Carolan Foundation at a glance

· Private foundation

Tina and Richard V Carolan Foundation

Its FY2024 filing reports that it accepted unsolicited grant applications.

$1.1M

Granted FY2024still arriving

Grants FY2024still arriving

States reached

$200k

Largest

01What it funds

01100% classified

What it funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year, FY2020 to 2024.

Health$1.8MRecreation & Sports$670kPublic Safety & Disaster$500kInternational$425kReligion$265kPublic Benefit$250kEducation$189kYouth Development$140kOther$0

02FY2024 · 19 grants

Where the money goes

Grants by size, and the largest recipients.

By grant size · FY2024

$10k–50k10 grants · $260k
$50k–250k9 grants · $839k

$48,000

Median grant

States reached

$18M

Total assets

Largest grants
Recipient	Amount
BEST BUDDIES	$200,000
TEAM TYPE 1 FOUNDATION	$125,000
ARMENIAN APOSTOLIC CHURCH OF AMERICA EASTERN PRELACY	$100,000
FOUNDATION FOR MORRISTOWN MEDICAL CENTER	$100,000
USA CYCLING FOUNDATION	$75,000
MEMORIAL SLOAN KETTERING CANCER CENTER	$75,000
UNIVERSITY OF MAIMI	$63,800
ARMENIAN NATIONAL COMMITTEE OF AMERICA	$50,000
NEW JERSEY INTERSCHOLASTIC CYCLING LEAGUE	$50,000
SOUTHERN OCEAN MEDICAL CENTER FOUNDATION	$48,000
LONG BEACH TOWNSHIP PBA 373	$36,832
BERNARDSVILLE LAW ENFORCEMENT FOUNDATION	$25,000
STAR TRACK CYCLING	$25,000
MAGIC CITY K9 INC	$25,000
NICKLAUS CHILDREN'S HOSPITAL FOUNDATION	$25,000

02The need

Does the money reach high-need areas?

Each grant placed by the hardship in its grantee’s ZIP, against the area’s typical level.

show:

Its human-services grants (FY20–22, $210k) land where the poverty rate runs at 12%, against an area that typically sits at 11%. 64% of those dollars go to grantees based in above-average-need neighborhoods. Most of its grants land in higher-need ZIPs.

grant to an above-average-need area below average· circle size = grant amount

How this is measured

Matched: human-services grants are those whose grantee’s IRS cause code is Human Services. Placed by people below the poverty line in the grantee’s ZIP, averaged from the tracts in that ZIP.

Which US states its grants reach

How this is measured

US grants placed by each grantee’s ZIP, which can differ from where services are delivered. Need from public data (U.S. Census/ACS, CDC PLACES, Eviction Lab, USDA), shown as context about the area, never attributed to the funder’s giving.

03Its grantees

repeat funding

Who it funds again

Organizations funded in more than one year, against those funded once.

85%of every dollar goes to organizations it has funded before.

$4.0M · 20 repeat orgs$718k to everyone else

20 repeat relationships: 16 still active in FY2024, 4 since wound down; 3 grantees were first funded in FY2024 (too recent to call).

How the two cohorts compare

Re-uppedFunded once

Organizations

Total granted

$4.0M

$610k

Median revenue growth · since first grant

+8%

+21%

Still filing today

55%

35%

New vs renewed · share of each year

In FY2024, 90% of grant dollars renewed an existing relationship; $109k went to new ones.

RenewedFirst-time

Where new relationships form · theme of each grantee’s first grant

Human ServicesHealthInternationalRecreation & SportsPhilanthropyCrime & LegalOther

How this is measured

First-time means a grantee’s first year in the filing window; renewed means funded in an earlier year too. The renewed share climbs naturally as a portfolio matures, so the signal is a year that bucks it (a wave of new grantees). The earliest year is left-censored: relationships that predate the data read as new. Theme is the grantee’s IRS cause.

Backed again, and grew

FF
Foundation for Morristown Medical Center
4× · 2020–2024 · $570k · revenue +56%
Best Buddies International Inc
3× · 2022–2024 · $375k · revenue +43%
AN
ARMENIAN NATIONAL COMMITTEE OF AMERICA
2× · 2020–2024 · $150k · revenue +93%

Funded once

AE
ANCA ENDOWMENT FUND INC
one grant, 2022 · $100k · revenue -33%
AW
ACF WESTERN USA INC
one grant, 2020 · $100k · revenue -48%
AC
ARMENIAN CULTURAL FOUNDATIONgraduated
one grant, 2022 · $50k · revenue +66%

How this is measured

Repeat means funded in two or more distinct years. Growth and survival are read from each grantee’s own subsequent IRS filings.

04Its field

Closest unfunded matches

The nonprofits that most resemble its grantees but are not funded by it, scored along the direction from the rest of the field toward the portfolio. A resemblance in what they say they do, not a recommendation.

Usa Cycling Inc

Usa cycling is the national governing body for cycling, making it responsible for the conduct and administration of cycling in the usa. the mission of usa cycling is to develop the sport of cycling in the united states at all levels and to…

Recreation & Sports

Armenian Sports Hall of Fame

—

Usa Cycling Development Foundation

To provide financial support to usa cycling, inc.

Recreation & Sports

Bike Newport

Bike newport's mission is to ensure that bicycling is a viable, safe, and comfortable primary choice for transportation and recreation.

Environment

North Baltimore Aquatic Club Inc

The north baltimore aquatic club leads the nation in competitive swimming. our diligently designed, professionally coached and internationally renowned program encourages the development of character and self-discipline. these qualities,…

Recreation & Sports

Golden Gate Triathlon Club

To serve & educate multi-sport athletes.

Recreation & Sports

National Interscholastic Cycling Association

The national interscholastic cycling association (nica) is the national governing body for interscholastic cycling, and provides leadership, governance and program support to promote the development of leagues throughout the usa.

Youth Development

Police Unity Tour Inc

The organization's mission is to raise awareness of the police officers who have died in the line of duty and to raise funds for the national law enforcement officers' memorial and museum.

Crime & Legal

The Northern California Interscholastic Cycling League

Recreation & Sports

North Carolina Interscholastic Cycling League

—

League of American Wheelman Inc

Part III - Organizations MissionTo create a bicycle-friendly America for Everyone, improving lives and strengthening communities through bicycling. We envision a nation where everyone, whether they bike or not, recognizes and enjoys the…

Recreation & Sports

National Association for Armenian Studies and Research Inc

Founded in 1955, the National Association for Armenian Studies and Research (NAASR) is an independent non-profit membership organization, and one of the world's leading Armenian Studies centers and rare book libraries. NAASR advances…

—

How this is measured

The grantee most central to the portfolio’s shape is Anca Endowment Fund Inc; the most unlike its peers is New Jersey Bicycling Association. Resemblance is measured on each organization’s own IRS 990 mission text; it reflects how work is described, not its quality or impact.

04the grantee network

20 grantees tracked through their own filings, 2017–2025.

Each grant beside the grantee’s revenue from every source, year by year.

How this is measured

Counted here: distinct organizations funded across 2017 to 2025, not grant rows in a single year, so this will not match the grant count on the cover. 20 of the 40 grantees resolved in that span have returns of their own we could reconcile.

Each grantee is resolved to its own IRS returns. Association, dated; never a causal claim.

Load-bearing (≥25% of a budget)

Early backer (in before they grew)

17/20

Grantees still filing

11/20

Grew since first funded

Where the money sits, by cause and then by grantee

Other$2,324,632Health$822,800International$625,000Philanthropy$575,000Human Services$210,000Recreation & Sports$80,000Crime & Legal$75,000

Each grantee by its size and the funder’s share of it; top left is load-bearing

Grantee by grantee: a decade per organization, before and after funding

A decade per grantee: revenue shaded, grants as bars, all rows on one timeline.

Co-funders

Grantmakers whose grantees overlap with this funder’s far more than size alone predicts. Closer means stronger alignment; arcs show where they also fund each other. Here they form a tightly interlocked group: most of these funders back each other's grantees too.

Natl Christian Charitable Fdn IncGA5.4× affinity4 shared granteesties to 3 of 3Hover any node to trace its alignments.Compare side by side →

Open a dossier: Natl Christian Charitable Fdn Inc · Donor Advised Charitable Giving Inc · Fidelity Investments Charitable Gift Fund · Amazonsmile Foundation

How this is measured

Affinity is a Gamma-Poisson posterior co-funding rate, re-centered on the typical rate, so thin evidence shrinks toward no signal. Overlap is association, not proof of shared intent.

How much its grantees rely on government

Each dot is one organization Tina and Richard V Carolan Foundation funds: left to right is the share of its income from government, bottom to top the share from Tina and Richard V Carolan Foundation. Bigger dots raise more.

2024

’20’21’22’23’24’25

no gov moneyreceives it· size = income

4get no government money at all

5report government grants on their 990 we could not trace to a source (not plotted)

0rely on government for over half their income

⤢ axis zoomed · 0–75%

typical government reliance, FY20–25

How this is measured

Government income is each org’s traced federal awards (USASpending grants and contracts) plus state payments (open checkbooks) as a share of its total revenue (IRS Form 990); the self-reported government-grant line (990 line 1e) is carried for cross-check: a grantee that reports government grants we could not trace to a source is left off the chart rather than shown as receiving none. An association, not a claim that a grant caused the public funding. Coverage is precision-first, a floor rather than a census; state records exist for 9 states, so a grantee outside them shows no state figure (dimmed) rather than a false zero. Federal award amounts are obligations, which can span years, so a single-year share is indicative. 990 filings lag 12 to 24 months.

Play a game based on Tina and Richard V Carolan’s filings →

More from the funding graph

The unnamed billions

grants reported with no recipient in the public record

The regranting layer

51% of grant dollars land in the regranting layer

The DAF merry-go-round

$9.7B circulates between donor-advised funds

The endowment market

who holds foundation money, and what just moved

The camps

funders cluster by geography, not ideology

By state

where grant money is based, and what stays home