Philip & Shirley Solomons Foundation
Philip & Shirley Solomons Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SAVANNAH, GA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $10.0M in total assets. In 2024, it awarded 1 grants totaling $753K. Net investment income was $798K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$10.0M
+7.8% YoY
Annual Giving
$753K
+17.2% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$753K
+17.2% YoY
Under IRS private-foundation payout rules, Philip & Shirley Solomons Foundation reported a distributable amount of $853K for 2024 — the minimum it must pay out in qualifying distributions.
About Philip & Shirley Solomons Foundation
Based on IRS filings
Philip & Shirley Solomons Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SAVANNAH, GA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $10.0M in total assets. In 2024, it awarded 1 grants totaling $753K. Net investment income was $798K.
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 | $9,980,700 | $9,262,154 | $8,776,875 |
| Revenue | $2,096,049 | $1,486,676 | $1,377,995 |
| Expenses | $947,479 | $794,872 | $860,010 |
| Qualifying Distributions | $753,050 | $644,344 | $706,007 |
| Net Investment Income | $797,552 | $239,642 | $75,444 |
| Distributable Amount | $852,943 | $667,110 | $628,849 |
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
5 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 ($753,050).
| Recipient | Purpose | Amount |
|---|---|---|
| THE SAVANNAH COMMUNITY FOUNDATION INC SAVANNAH, GA | CHARITABLE | $753,050 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PHILIP SOLOMONS JR | CHAIRMAN / PRESIDENT | 0.5 | — |
| PHILIP SOLOMONS JR | SECRETARY / TREASURER | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Philip & Shirley Solomons Foundation?
Philip & Shirley Solomons Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SAVANNAH, GA. It holds $10.0M in total assets as of 2024.
How large is Philip & Shirley Solomons Foundation?
As of 2024, Philip & Shirley Solomons Foundation holds $10.0M in total assets with $2.1M in annual revenue. It awarded 1 grants totaling $753K in 2024.
Where does Philip & Shirley Solomons Foundation operate?
Philip & Shirley Solomons Foundation has awarded grants in Georgia.
What size grants does Philip & Shirley Solomons Foundation award?
In 2024, Philip & Shirley Solomons Foundation awarded 1 grants totaling $753K — an average of about $753K per grant, based on its IRS Form 990 filings.
How much is Philip & Shirley Solomons Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Philip & Shirley Solomons Foundation reported a distributable amount of $853K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Philip & Shirley Solomons Foundation's EIN?
Philip & Shirley Solomons Foundation's EIN (Employer Identification Number) is 58-2273251. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Philip & Shirley Solomons Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.