The Tina and Richard V Carolan Foundation concentrates its giving into a small number of sizable gifts that support medical care and equipment, disability inclusion and residential programs, Type 1 diabetes advocacy/athlete engagement, and emergency relief tied to the Armenian community. Grants are often repeat commitments to the same organizations and include both regional investments (e.g., Morristown Medical Center) and broader national/international causes (Best Buddies, disaster relief).
The Tina and Richard V Carolan Foundation’s recent giving is marked by repeated large commitments to a few organizations, especially Team Type 1 Foundation, Best Buddies, and the Armenian Apostolic Church of America Eastern Prelacy. Those grants show a mix of athlete and scholarship support, disability inclusion, medical equipment purchases, and humanitarian relief. The foundation also uses multi-year pledges in health research, including biomarker development work at Memorial Sloan Kettering Cancer Center. Its grant history points to a funder that backs both program delivery and capital or equipment needs. A grant to Foundation for Morristown Medical Center supported the purchase of a Zeiss Kinevo 900 Robotic Visualization System, while gifts to Best Buddies supported Best Buddies Living. In athletics, Team Type 1 Foundation received multiple sizable awards for its Global Ambassador Scholarship Program and TT1 Athletics Program. The foundation also funds faith-based and Armenian community support, including earthquake relief and aid for Armenian schools in Lebanon. Across these examples, the pattern is concentrated rather than broad, with several organizations appearing more than once over multiple years.
In medical philanthropy, the foundation has backed both research and hospital infrastructure. Memorial Sloan Kettering Cancer Center received a $75,000 installment for biomarker development research, showing support for a multi-year scientific pledge. Foundation for Morristown Medical Center received funding for a Zeiss Kinevo 900 Robotic Visualization System, tying the foundation to equipment-based hospital support. Disability inclusion is another recurring thread. Best Buddies received grants for Best Buddies Living and for a Salesforce software upgrade program, linking the foundation to residential support and operational capacity. Athletics and youth sports also stand out. Team Type 1 Foundation was funded for the Global Ambassador Scholarship Program and TT1 Athletics Program, and USA Cycling Foundation received support for the USA Cycling Team Van and Centers of Excellence. The foundation also gave to the New Jersey Interscholastic Cycling League for equipment purchases and upgrades.
$1.1M
$18M
$824K
$1.4M
Most grants fall between $20K and $50K, with a median of $50K.
25th Percentile
$20K
Median
$50K
75th Percentile
$50K
About 26% of grants go to recipients in FL.
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Relatively concentrated giving: a small portfolio of large grants, frequent multi-year or repeated awards to the same grantees, blending local institutional capital support with issue-driven national and diaspora-focused relief.
Notable grantees: Team Type 1 Foundation, Foundation for Morristown Medical Center, Best Buddies, Armenian Apostolic Church of America Eastern Prelacy
Typical awards cluster at a fairly high level: p25 is $20,000, while the median and p75 are both $50,000, suggesting many grants are sized at or above $50,000. The recent record also includes several $100,000 to $200,000 commitments. Grantmaking appears relationship-based rather than transactional, with the same recipients appearing in multiple years and in some cases across several installments. The foundation funds individuals, and its recent grants show a mix of operating support, equipment purchases, capital work, and pledged installments. Several awards are tied to recurring programs rather than one-time projects.
Grant recipients are all in the United States, with no non-U.S. recipient countries in the recent sample. Florida appears often, including Miami, Coral Gables, and West Manahawkin-linked regional giving, while New Jersey shows up through Morristown, Bernardsville, Brant Beach, and Cologne. New York City-area recipients also recur, including New York, NY. The recipient mix suggests a national footprint with especially frequent giving in Florida, while 24% of grants go to recipients in the foundation’s HQ state of New Jersey.
The recent grants show support for medical care and equipment, disability inclusion and residential services, athlete and scholarship programs, and humanitarian relief tied to the Armenian community. Examples include hospital technology, supported living, biomarker research, and earthquake relief.
Yes. Several recipients appear in multiple years and sometimes with different purposes. Team Type 1 Foundation, Best Buddies, Armenian Apostolic Church of America Eastern Prelacy, Memorial Sloan Kettering Cancer Center, USA Cycling Foundation, and New Jersey Interscholastic Cycling League all show recurring support.
The grant-size distribution is centered at $50,000: p25 is $20,000, the median is $50,000, and p75 is $50,000. The recent record also includes larger commitments of $100,000, $150,000, and $200,000.
Florida receives the most grants by count, while 24% of grants go to recipients in New Jersey, the foundation’s HQ state. Recent recipient cities include Miami and Coral Gables in Florida, and Morristown, Bernardsville, Brant Beach, and Cologne in New Jersey.
Yes. The foundation is listed as funding individuals, and its grant record also includes scholarship-oriented support, including the Global Ambassador Scholarship Program at Team Type 1 Foundation.
2025
Source: IRS Form 990-PF, fiscal year 2025.
Current and upcoming funding from Tina and Richard V Carolan Foundation that your nonprofit may be able to apply for.
Who can apply: Implied eligibility: nonprofit organizations (501(c)(3)) or charitable entities with programs that directly impact people and improve technology, access, or well-being. Examples of prior recipients include hospitals, universities, schools, churches, and nonprofit programs.
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Most recent grants reported to the IRS.
| Recipient | Location | Amount | Year | Purpose |
|---|---|---|---|---|
| BEST BUDDIES | MIAMI, FL | $200,000 | 2025 | SUPPORT BEST BUDDIES LIVING |
| TEAM TYPE 1 FOUNDATION | ATLANTA, GA | $125,000 | 2025 | TEAM SUPPORT AND GLOBAL AMBASSADOR SCHOLARSHIP PROGRAM |
| FOUNDATION FOR MORRISTOWN MEDICAL CENTER | MORRISTOWN, NJ | $100,000 | 2025 | PURCHASE OF A ZEISS KINEVO 900 ROBOTIC VISUALIZATION SYSTEM |
| ARMENIAN APOSTOLIC CHURCH OF AMERICA EASTERN PRELACY | NEW YORK, NY | $100,000 | 2025 | EARTHQUAKE RELIEF EFFORT |
| USA CYCLING FOUNDATION | COLORADO SPRINGS, CO | $75,000 | 2025 | SUPPORT THE USA CYCLING TEAM VAN AND CENTERS OF EXCELLENCE |
| MEMORIAL SLOAN KETTERING CANCER CENTER | NEW YORK, NY | $75,000 | 2025 | THE FIFTH INSTALLMENT OF A FIVE YEAR PLEDGE FOR BIOMARKER DEVELOPMENT RESEARCH |
| UNIVERSITY OF MAIMI | CORAL GABLES, FL | $63,800 | 2025 | CHARITABLE |
| ARMENIAN NATIONAL COMMITTEE OF AMERICA | WASHINGTON, DC | $50,000 | 2025 | CHARITABLE |
| NEW JERSEY INTERSCHOLASTIC CYCLING LEAGUE | COLOGNE, NJ | $50,000 | 2025 | EQUIPMENT PURCHASES AND UPGRADES |
| SOUTHERN OCEAN MEDICAL CENTER FOUNDATION | WEST MANAHAWKIN, NJ | $48,000 | 2025 | CHARITABLE |
| LONG BEACH TOWNSHIP PBA 373 | BRANT BEACH, NJ | $36,832 | 2025 | SUPPORT COMMUNITY POLICE SERVICES |
| NICKLAUS CHILDREN'S HOSPITAL FOUNDATION | MAIMI, FL | $25,000 | 2025 | CHARITABLE |
| STAR TRACK CYCLING | NEW YORK, NY | $25,000 | 2025 | EQUIPMENT AND CLOTHING FOR STAR TRACK ATHLETES |
| MAGIC CITY K9 INC | MIAMI, FL | $25,000 | 2025 | SUPPORT AND EXPAND SERVICES AND EQUIPMENT NEEDS FOR THE PRISONERS AND DOGS |
| BIG BROTHERS BIG SISTERS OF BROWARD | FT LAUDERDALE, FL | $25,000 | 2025 | YOUTH OUTREACH THROUGH SUITES AT THE MIAMI MARLINS GAMES |
| BERNARDSVILLE LAW ENFORCEMENT FOUNDATION | BERNARDSVILLE, NJ | $25,000 | 2025 | CHARITABLE |
| KENTUCKY FLYERS CYCLING | LOUISVILLE, KY | $20,000 | 2025 | CHARITABLE |
| FOUNDATION CYCLING FOUNDATION INC | SAFETY HARBOR, FL | $20,000 | 2025 | CONTRIBUTE TO THE AMERICAN CYCLING ELITE TEAM |
| STAFFORD TOWNSHIP PBA LOCAL 297 | MANAHAWKIN, NJ | $10,000 | 2025 | DARE PROGRAM |
| Foundation for Morristown Medical Center | Morristown, NJ | $200,000 | 2024 | Purchase of a Zeiss Kinevo 900 Robotic Visualization System |
| Team Type 1 Foundation | Atlanta, GA | $150,000 | 2024 | Team support and Global Ambassador Scholarship Program |
| Best Buddies | Miami, FL | $100,000 | 2024 | Support Best Buddies Living |
| Armenian Apostolic Church of America Eastern Prelacy | New York, NY | $100,000 | 2024 | Humanitarian Relief Efforts |
| Armenian Apostolic Church of America Eastern Prelacy | New York, NY | $100,000 | 2024 | Earthquake Relief Effort |
| USA Cycling Foundation | Colorado Springs, CO | $75,000 | 2024 | Support the USA Cycling Team Van and Centers of Excellence |
| Memorial Sloan Kettering Cancer Center | New York, NY | $50,000 | 2024 | The fifth installment of a five year pledge for biomarker development research |
| New Jersey Interscholastic Cycling League | Cologne, NJ | $50,000 | 2024 | Equipment purchases and upgrades |
| Long Beach Township PBA 373 | Brant Beach, NJ | $38,500 | 2024 | Support Community Police Services |
| Town of Miami Lakes | Miami Lakes, FL | $35,000 | 2024 | Miami Lakes License Plate Recognition (LPR) Public Safety Net |
| Rescue a Reef | Coral Gables, FL | $35,000 | 2024 | Student Fellowship master and undergrad program and Reef Restoration |
| Magic City K9 Inc | Miami, FL | $25,000 | 2024 | Support and expand services and equipment needs for the prisoners and dogs |
| Big Brothers Big Sisters of Broward | Ft Lauderdale, FL | $20,000 | 2024 | Youth outreach through suites at the Miami Marlins games |
| Star Track Cycling | New York, NY | $15,000 | 2024 | Equipment and clothing for Star Track athletes |
| Foundation Cycling Foundation Inc | Safety Harbor, FL | $10,000 | 2024 | Contribute to the American Cycling Elite Team |
| Foundation Cycling New York Inc | New York, NY | $10,000 | 2024 | Support Foundation's new rider development program |
| Stafford Township PBA Local 297 | Manahawkin, NJ | $10,000 | 2024 | DARE Program |
| Team Type 1 Foundation | Atlanta, GA | $200,000 | 2023 | Global Ambassador Scholarship Program and TT1 Athletics Program |
| Best Buddies | Miami, FL | $75,000 | 2023 | Salesforce Software Upgrade Program |
| Armenian Cultural Foundation | Glendale, CA | $50,000 | 2023 | Building upgrades |
| Long Beach Township Police Department | Brant Beach, NJ | $50,000 | 2023 | Community policing |
| Bernardsville Law Enforcement Foundation | Bernardsville, NJ | $50,000 | 2023 | Upgrade and repair shooting range |
| ANCA Endowment Fund | Washington, DC | $50,000 | 2023 | Software and technical upgrades |
| Armenian Apostolic Church of America Eastern Prelacy | New York, NY | $50,000 | 2023 | To support Armenian schools in Lebanon |
| USA Cycling Foundation | Colorado Springs, CO | $50,000 | 2023 | Centers of Excellence program |
| Memorial Sloan Kettering Cancer Center | New York, NY | $50,000 | 2023 | The fourth installment of a five year pledge for biomarker research |
| New Jersey Interscholastic Cycling League | Cologne, NJ | $50,000 | 2023 | Equipment purchase and upgrade |
| Our Lady of Perpetual Help Church | Bernardsville, NJ | $50,000 | 2023 | Capital Campaign Challenge |
| ANCA Endowment Fund | Washington, DC | $50,000 | 2023 | Educational and charitable programs |
| Benthic Ecology and Coral Restoration Lab (University of Miami) | Coral Gables, FL | $35,000 | 2023 | Program of coral restoration and to establish the Carolan Foundation Fellowship |
| Naples Therapeutic Riding Center | Naples, FL | $25,000 | 2023 | Training and development |
TEAM TYPE 1 FOUNDATION
$125,000TEAM SUPPORT AND GLOBAL AMBASSADOR SCHOLARSHIP PROGRAM
PURCHASE OF A ZEISS KINEVO 900 ROBOTIC VISUALIZATION SYSTEM
ARMENIAN APOSTOLIC CHURCH OF AMERICA EASTERN PRELACY
$100,000EARTHQUAKE RELIEF EFFORT
USA CYCLING FOUNDATION
$75,000SUPPORT THE USA CYCLING TEAM VAN AND CENTERS OF EXCELLENCE
MEMORIAL SLOAN KETTERING CANCER CENTER
THE FIFTH INSTALLMENT OF A FIVE YEAR PLEDGE FOR BIOMARKER DEVELOPMENT RESEARCH
UNIVERSITY OF MAIMI
$63,800CHARITABLE
NEW JERSEY INTERSCHOLASTIC CYCLING LEAGUE
$50,000EQUIPMENT PURCHASES AND UPGRADES
SOUTHERN OCEAN MEDICAL CENTER FOUNDATION
$48,000CHARITABLE
LONG BEACH TOWNSHIP PBA 373
$36,832SUPPORT COMMUNITY POLICE SERVICES
NICKLAUS CHILDREN'S HOSPITAL FOUNDATION
$25,000CHARITABLE
STAR TRACK CYCLING
$25,000EQUIPMENT AND CLOTHING FOR STAR TRACK ATHLETES
MAGIC CITY K9 INC
$25,000SUPPORT AND EXPAND SERVICES AND EQUIPMENT NEEDS FOR THE PRISONERS AND DOGS
YOUTH OUTREACH THROUGH SUITES AT THE MIAMI MARLINS GAMES
BERNARDSVILLE LAW ENFORCEMENT FOUNDATION
$25,000CHARITABLE
KENTUCKY FLYERS CYCLING
$20,000CHARITABLE
FOUNDATION CYCLING FOUNDATION INC
$20,000CONTRIBUTE TO THE AMERICAN CYCLING ELITE TEAM
STAFFORD TOWNSHIP PBA LOCAL 297
$10,000DARE PROGRAM
Purchase of a Zeiss Kinevo 900 Robotic Visualization System
Team Type 1 Foundation
$150,000Team support and Global Ambassador Scholarship Program
Best Buddies
$100,000Support Best Buddies Living
Armenian Apostolic Church of America Eastern Prelacy
$100,000Humanitarian Relief Efforts
Armenian Apostolic Church of America Eastern Prelacy
$100,000Earthquake Relief Effort
USA Cycling Foundation
$75,000Support the USA Cycling Team Van and Centers of Excellence
Memorial Sloan Kettering Cancer Center
$50,000The fifth installment of a five year pledge for biomarker development research
New Jersey Interscholastic Cycling League
$50,000Equipment purchases and upgrades
Long Beach Township PBA 373
$38,500Support Community Police Services
Town of Miami Lakes
$35,000Miami Lakes License Plate Recognition (LPR) Public Safety Net
Rescue a Reef
$35,000Student Fellowship master and undergrad program and Reef Restoration
Magic City K9 Inc
$25,000Support and expand services and equipment needs for the prisoners and dogs
Youth outreach through suites at the Miami Marlins games
Star Track Cycling
$15,000Equipment and clothing for Star Track athletes
Foundation Cycling Foundation Inc
$10,000Contribute to the American Cycling Elite Team
Foundation Cycling New York Inc
$10,000Support Foundation's new rider development program
Stafford Township PBA Local 297
$10,000DARE Program
Team Type 1 Foundation
$200,000Global Ambassador Scholarship Program and TT1 Athletics Program
Best Buddies
$75,000Salesforce Software Upgrade Program
Armenian Cultural Foundation
$50,000Building upgrades
Long Beach Township Police Department
$50,000Community policing
Bernardsville Law Enforcement Foundation
$50,000Upgrade and repair shooting range
ANCA Endowment Fund
$50,000Software and technical upgrades
Armenian Apostolic Church of America Eastern Prelacy
$50,000To support Armenian schools in Lebanon
USA Cycling Foundation
$50,000Centers of Excellence program
Memorial Sloan Kettering Cancer Center
$50,000The fourth installment of a five year pledge for biomarker research
New Jersey Interscholastic Cycling League
$50,000Equipment purchase and upgrade
Our Lady of Perpetual Help Church
$50,000Capital Campaign Challenge
ANCA Endowment Fund
$50,000Educational and charitable programs
Benthic Ecology and Coral Restoration Lab (University of Miami)
$35,000Program of coral restoration and to establish the Carolan Foundation Fellowship