Philip & Cathy Solomons Foundation Inc
Philip & Cathy Solomons Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SAVANNAH, GA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $1.9M in total assets. In 2024, it awarded 1 grants totaling $91K. Net investment income was $22K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.9M
+26.7% YoY
Annual Giving
$91K
+1786.6% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$91K
+1786.6% YoY
Under IRS private-foundation payout rules, Philip & Cathy Solomons Foundation Inc reported a distributable amount of $91K for 2024 — the minimum it must pay out in qualifying distributions.
About Philip & Cathy Solomons Foundation Inc
Based on IRS filings
Philip & Cathy Solomons Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SAVANNAH, GA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $1.9M in total assets. In 2024, it awarded 1 grants totaling $91K. Net investment income was $22K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,928,772 | $1,522,302 | $755,637 |
| Revenue | $22,158 | $629,900 | $746,042 |
| Expenses | $91,895 | $7,859 | $50,000 |
| Qualifying Distributions | $90,948 | $6,241 | $50,000 |
| Net Investment Income | $21,711 | $15,077 | $12,498 |
| Distributable Amount | $91,118 | $39,700 | $6,347 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
3 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include The Savannah Community Foundation Inc ($90,502).
| Recipient | Purpose | Amount |
|---|---|---|
| THE SAVANNAH COMMUNITY FOUNDATION INC SAVANNAH, GA | CHARITABLE | $90,502 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PAUL D MEYER | CHAIRMAN / PRESIDENT | 0.5 | — |
| PAUL D MEYER | SECRETARY / TREASURER | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Philip & Cathy Solomons Foundation Inc?
Philip & Cathy Solomons Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SAVANNAH, GA. It holds $1.9M in total assets as of 2024.
How large is Philip & Cathy Solomons Foundation Inc?
As of 2024, Philip & Cathy Solomons Foundation Inc holds $1.9M in total assets with $22K in annual revenue. It awarded 1 grants totaling $91K in 2024.
Where does Philip & Cathy Solomons Foundation Inc operate?
Philip & Cathy Solomons Foundation Inc has awarded grants in Georgia.
What size grants does Philip & Cathy Solomons Foundation Inc award?
In 2024, Philip & Cathy Solomons Foundation Inc awarded 1 grants totaling $91K — an average of about $91K per grant, based on its IRS Form 990 filings.
How much is Philip & Cathy Solomons Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Philip & Cathy Solomons Foundation Inc reported a distributable amount of $91K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2021–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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