Peter & Susan Solomon Family Foundation
The Peter & Susan Solomon Family Foundation is a private 501(c)(3) family foundation established in 1986 and based in New York City. The foundation is led by Peter J. Solomon, a prominent investment banker, along with his wife Susan and their children. The foundation operates without a public website and maintains a relatively private profile in the philanthropic sector.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$8.4M
-6.7% YoY
Annual Giving
$960K
-73.3% YoY
Grant Count
58
+3.6% YoY
Avg Grant Size
$17K
-74.2% YoY
Mission & Focus Areas
The foundation's primary giving focuses on:
- Arts and Culture — The foundation provides substantial support to cultural institutions and arts organizations
- Education — Particular emphasis on higher education, including support for the founders' alma maters
- Human Services — Support for health and social service organizations
- Jewish Organizations and Causes — Including Jewish studies initiatives
- Philanthropy and Grantmaking — Support for philanthropic infrastructure
Grantmaking
The foundation made 34 grants totaling approximately $2,431,750 in the most recent fiscal year (ending March 2024).
How to Apply
** The foundation lacks transparency regarding formal application procedures and does not maintain a website with submission guidelines. Prospective grantees typically need to network to make contact with the foundation.
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in:
- New York
- Florida
- Massachusetts
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year Ending March 2024:
- Total Assets: $9,034,025
- Total Revenue: $1,558,803
- Total Expenses: $3,990,287
- Total Liabilities: $0
- Total Grants Made: $1,135,537
Investment Income: $276,214 (2024)
Historical Context: The foundation has maintained relatively stable assets and consistent grantmaking activity over recent years.
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $8,430,626 | $9,034,025 | $11,465,509 |
| Revenue | $548,312 | $1,558,803 | $1,739,352 |
| Expenses | $1,151,711 | $3,990,287 | $2,649,619 |
| Qualifying Distributions | $968,879 | $3,607,132 | $2,482,250 |
| Net Investment Income | $224,829 | $719,260 | $563,357 |
| Distributable Amount | $464,792 | $570,560 | $631,650 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
Grant Size Distribution
144 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Peter J. Solomon — Founder and overseer. A Harvard College graduate (B.A., 1960) and Harvard Business School graduate (M.B.A., 1963), Solomon is an investment banker who founded PJ SOLOMON in 1989. He previously served as vice chairman of Lehman Brothers and held public service roles including deputy mayor for economic policy and development in New York City (1978-1980) under Mayor Edward I. Koch. Solomon serves on the board of trustees of the American Museum of Natural History and has been involved with Harvard's Center for Jewish Studies.
Susan Solomon — Co-founder and overseer. A Tufts University alumna.
Family members — Peter and Susan's children are involved in overseeing the foundation's activities.
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PETER J SOLOMON | TRUSTEE | 3 | — |
| SUSAN SOLOMON | TRUSTEE | 1 | — |
| JOSHUA N SOLOMON | TRUSTEE | — | — |
| KATE SOLOMON | TRUSTEE | — | — |
| ABIGAIL ROSE SOLOMON | TRUSTEE | — | — |
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Similar funders by location and focus area
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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