Philip & Cathy Solomons Foundation Inc
Philip & Cathy Solomons Foundation Inc is a private foundation, based in Savannah, GA. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $4.0M in total assets. In 2025, it awarded 1 grant totaling $121K. Net investment income was $25K.
Philip & Cathy Solomons Foundation Inc at a glance
In short: Philip & Cathy Solomons Foundation Inc gave $121K across 1 grant in 2025 (avg $121K), mostly in Georgia. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $120,989
- +33.7% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $120,989
- +33.7% vs 2024
- Median grant
- $120,989
- Total assets
- $3,957,850
- +105.2% vs 2024
- Primary geography
- Georgia (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Philip & Cathy Solomons Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was The Savannah Community Foundation Inc ($121K).
Grant Size Distribution
4 grants across all recorded years
The most common grant size was in the $50–100K range: 2 grants of 4 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Philip & Cathy Solomons Foundation Inc gives
- Giving grew 142% from 2022 to 2025. Method
- In 2025 it paid out 97% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2022 to 2025, annual grant giving ranged from $5K (2023) to $121K (2025). In 2025 it made 1 grant totaling $121K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Savannah Community Foundation Inc Savannah, GA | Charitable | $120,989 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $3,957,850 | $1,581,207 | $128,621 | $120,989 | 1 | $124,799 | $25,280 | $128,552 |
| 2024 | $1,928,772 | $22,158 | $91,895 | $90,502 | 1 | $90,948 | $21,711 | $91,118 |
| 2023 | $1,522,302 | $629,900 | $7,859 | $4,797 | 1 | $6,241 | $15,077 | $39,700 |
| 2022 | $755,637 | $746,042 | $50,000 | $50,000 | 1 | $50,000 | $12,498 | $6,347 |
| 2021 | $139,807 | $142,387 | — | — | — | — | — | $577 |
Under IRS private-foundation payout rules, Philip & Cathy Solomons Foundation Inc reported a distributable amount of $129K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Philip & Cathy Solomons Foundation Inc is led by Paul D. Meyer, Chairman, President, Secretary & Treasurer on every filing since 2021 — the only officer listed, and uncompensated.
Officers on the 2025 filing
Paul D. Meyer
Chairman, President, Secretary & Treasurer
On filings since 2021
0.5 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Philip & Cathy Solomons Foundation Inc
How much does Philip & Cathy Solomons Foundation Inc give each year?
Philip & Cathy Solomons Foundation Inc gave $121K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $91K across 1 grant.
How large is Philip & Cathy Solomons Foundation Inc?
Philip & Cathy Solomons Foundation Inc reported $4.0M in total assets on its 2025 IRS Form 990-PF. It paid out $125K in qualifying distributions that year, against a required minimum of $129K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does Philip & Cathy Solomons Foundation Inc operate?
Philip & Cathy Solomons Foundation Inc has awarded grants in Georgia.
What is Philip & Cathy Solomons Foundation Inc's EIN?
Philip & Cathy Solomons Foundation Inc's EIN (Employer Identification Number) is 87-1346593. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS March 26, 2025)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 19, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 11, 2026)
- IRS filings on file for fiscal years 2021–2024
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