Peter & Susan Solomon Family Foundation

NEW YORK, NY EIN: 13-3384028

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

+3.6% YoY

Avg Grant Size

$17K

-74.2% YoY

Under IRS private-foundation payout rules, Peter & Susan Solomon Family Foundation reported a distributable amount of $465K for 2025 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

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

New York $8.0M (72%)

Massachusetts $2.9M (26%)

Florida $86K (1%)

District of Columbia $20K (0%)

Connecticut $10K (0%)

Louisiana $6K (0%)

Texas $5K (0%)

Pennsylvania $3K (0%)

+2 more states

States

Connecticut District of Columbia Florida Louisiana Massachusetts Maryland New York Pennsylvania Texas Virginia

Cities

Baton RougeBostonBrooklynCambridgeCharlottersvilleCollege ParkEast HamptonFloral ParkFort PierceHavre De GraceHicksvilleHoustonIndian River ShoresLong Island CityNew YorkPalmetto BayPhiladelphiaSag HarborSouthamptonTallahassee

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.

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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

Among its reported 2025 grants, the largest include Memorial Sloan-kettering Cancer Center ($521,000), President & Fellows of Harvard College ($119,278), Mahnhattan Theatre Club ($60,000).

Recipient	Purpose	Amount
ABRAHAM JOSHUA HESCHEL SCHOOL NEW YORK, NY	GENERAL	$20,000
AMERICAN JEWISH COMMITTEE PHILADELPHIA, PA	GENERAL	$1,000
AMERICAN MUSEUM OF NATURAL HISTORY NEW YORK, NY	GENERAL	$55,000
AMERICAN RIVERS WASHINGTON, DC	GENERAL	$5,000
AMERICAN SALTWATER GUIDES ASSOCIATION FLORAL PARK, NY	GENERAL	$500
CONSTELLATION FOUNDATION HOUSTON, TX	GENERAL	$5,000
CONGREGATION EMANU-EL NEW YORK, NY	GENERAL	$5,400
COUNCIL ON FOREIGN RELATIONS NEW YORK, NY	GENERAL	$8,140
EAST HAMPTON HISTORICAL SOCIETY EAST HAMPTON, NY	GENERAL	$250
EAST HAMPTON VILLAGE FOUNDATION EAST HAMPTON, NY	GENERAL	$4,000

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	—	—

Frequently Asked Questions

What does Peter & Susan Solomon Family Foundation fund?

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

How do I apply for a grant from Peter & Susan Solomon Family Foundation?

**Grant Amounts:** Typical awards range from $25 to $1,500,000. **Recent Major Grants (2024):** • Harvard University: $1,500,000 • American Museum of Natural History: $771,590 • East Hampton Library: $50,000 The foundation made 34 grants totaling approximately $2,431,750 in the most recent fiscal year (ending March 2024). **Application Process:** The foundation lacks transparency regarding formal application procedures and does not maintain a website with submission guidelines. Prospective gran…

Where does Peter & Susan Solomon Family Foundation make grants?

The foundation primarily funds organizations in: • New York • Florida • Massachusetts

What size grants does Peter & Susan Solomon Family Foundation award?

In 2025, Peter & Susan Solomon Family Foundation awarded 58 grants totaling $960K — an average of about $17K per grant, based on its IRS Form 990 filings.

How much is Peter & Susan Solomon Family Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2025, Peter & Susan Solomon Family Foundation reported a distributable amount of $465K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Peter & Susan Solomon Family Foundation's EIN?

Peter & Susan Solomon Family Foundation's EIN (Employer Identification Number) is 13-3384028. IRS Form 990 filing data is available on this page for 2021–2025.