2025-05-09T10:32:56-05:00 2024-12-31 Foundation Source 3333 New Hyde Park Rd Ste 406 New Hyde Park NY 11042 990PF 2024-01-01 203367664 The Timothy and Susanne Sullivan Family Foundation % Foundation Source TIMO 8008391754 Foundation Source 501 Silverside Rd Wilmington DE 198091377 TIMOTHY SULLIVAN PRESIDENT 8008391754 2025-05-02 true true Jeffrey D Haskell P01345770 8008391754 2024 2025-03-06 01:10:19Z X 20863881 X 19801366 3962 3962 209260 209260 69787 21181419 19362855 20084375 19576077 0 3717 3717 3901 11776 11776 19394 3717 11776 1477627 1477627 1497021 3717 1489403 18587354 19572360 0 300237 54216 54216 385632 20735929 20809665 685869 20790145 20863881 0 0 X 685869 20790145 685869 20790145 685869 20790145 685869 18587354 1516922 20790145 20790145 Publicly-traded Securities 21181419 1818564 19362855 19362855 19362855 272056 272056 272056 2100 0 2100 X 0 269956 false false false false false false true true true DE true false false false false true Foundation Source 8008391754 501 Silverside Road Suite 123 Wilmington DE 198091377 false false false false false false false false false false false false false false false false false false false false false Susanne Sullivan Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, VP 1.0 0 0 0 Timothy P Sullivan Foundation Source 501 Silverside Rd Wilmington DE 198091377 Pres, Dir, Sec 1.0 0 0 0 6454000 906191 0 7360191 0 7360191 110403 7249788 362489 362489 272056 272056 90433 90433 90433 1489403 0 0 0 0 1489403 90433 2022 2021 2020 567077 245052 96454 908583 1489403 90433 1398970 2307553 0 567077 1740476 245052 96454 1398970 Susanne Sullivan Timothy P Sullivan X BIG SHOULDERS FUND 212 W VAN BUREN ST STE 900 CHICAGO IL 60607 N/A PC Sullivan Fellows Program and Covered Schools 625000 CATHOLIC CHARITIES OF THE ARCHDIOCESE OF CHICAGO 721 N LASALLE DR 6TH FLR CHICAGO IL 60654 N/A PC General & Unrestricted 212627 NORTHWESTERN UNIVERSITY 1201 DAVIS ST 3RD FLOOR EVANSTON IL 60208 N/A PC Shapiro Hall and Shapiro Northwestern Academy 125000 STANFORD UNIVERSITY - GSB 655 KNIGHT WAY STANFORD CA 94305 N/A PC Yellow Ribbon Program, Ignite Program, and Deans Fund 105000 TRUENU 2250 SOUTHWIND BLVD BARTLETT IL 60103 N/A PC General & Unrestricted 250000 UNITED STATES NAVAL ACADEMY USNAF GIFT PROCESSING 291 WOOD RD ANNAPOLIS MD 21402 N/A PC Influencer Program, Athletics Fund and Annual Fund 160000 1477627 14 3962 14 209260 18 69787 283009 283009 false false false false false false false false false false X X 1 Sullivan Timothy P 1049 Locust Road Wilmette IL 60091 19801366 X 1 AON PLC CL A AON, 28505 sh. 9995991 2024-09-10 1 AON PLC CL A AON, 25000 sh. 9805375 2024-11-27 Part XII - Excess Grants Carryover Part XII Line 3 The amounts of the excess grants carryover shown in Part XII, Line 3, in respect of the taxable years comprising the "adjustment period", as such term is defined in IRC Section 4942(i)(2), have been corrected in lieu of filing amended returns for such years. The Foundation would not have been subject to any penalties under IRC Section 4942 if the original returns filed for the taxable years comprising the adjustment period had reflected the corrected excess grants carryover amounts. ISHARES S&P MIDCAP 400 BARRA V 36634 120586 ISHARES S&P MIDCAP 400 GROWTH 38110 179678 OPTION CARE HEALTH INC 1516922 1322284 VANGUARD S&P 500 ETF 161104 207442 WISDOMTREE FLOATING RATE TREAS 18983159 18979675 As explained below, the Foundation has no plans for dissolution. This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: During the taxable year ending December 31, 2024, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $1,477,627. This amount represents 25% or more of the Foundation's net assets of $2,850,917 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2024. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XIV, Line 3a; each such grant was made solely for the charitable purpose specified therein. Administrative Fees 11751 11751 State or Local Filing Fees 25 25 PRIOR PERIOD ADJUSTMENT 1516922 Investment Management Services 3717 3717 990-PF Estimated Tax for 2024 2100 990-PF Excise Tax for 2023 1801