Salt Foundation
Salt Foundation is a private foundation, based in Los Angeles, CA. IRS filing data is available from 2020 through 2023. In 2023, it awarded 5 grants totaling $79K.
Key facts about Salt Foundation
In short: Salt Foundation gave $79K across 5 grants in 2023 (avg $16K), mostly in California. Source: 2023 IRS Form 990-PF.
- EIN
- 84-1865418
- Latest 990 filing
- Form 990-PF, 2023
- Annual giving (2023)
- $79,387
- Grants made (2023)
- 5
- Average grant
- $15,877
- Median grant
- $6,000
- Primary geography
- California (100% of itemized 2023 grant dollars)
Data from IRS Form 990-PF, 2023; updated September 2026.
Financial Overview
From 2023 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$79K
-8.8% YoY
Grant Count
5
+66.7% YoY
Avg Grant Size
$16K
-45.3% YoY
Under IRS private-foundation payout rules, Salt Foundation reported a distributable amount of $3K for 2023 — the minimum it must pay out in qualifying distributions.
How Salt Foundation gives
- In 2023 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2023 grant dollars across all 5 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2023, annual grant giving ranged from $33K (2021) to $87K (2022). In 2023 it made 5 grants totaling $79K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2023
The largest 2023 recipient was Catalyst San Gabriel Valley Inc ($56K). Together the top 5 received $79K.
Grant Size Distribution
11 grants across all recorded years
The most common grant size was under $50K: 9 grants of 11 (82%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Catalyst San Gabriel Valley Inc Alhambra, CA | General Purpose Serving Homeless Families | $56,000 |
| Foothill Community Church Azusa, CA | Serving Those Experiencing Homelessness | $11,000 |
| Venice Free Methodist Church Los Angeles, CA | Provide Variety of Active Ministries Serving God | $6,000 |
| River of Life Monterey Park Church Monterey Park, CA | Proclaim Gospel and Develop Disciples in Community | $4,387 |
| Monterey Park Christian School Monterey Park, CA | Purchase Books for Literacy Program | $2,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | — | $80,114 | $67,994 |
| Revenue | $273 | $100,120 | $101,004 |
| Expenses | $80,387 | $88,000 | $34,000 |
| Qualifying Distributions | $80,087 | $87,900 | $34,000 |
| Net Investment Income | — | $20 | $4 |
| Distributable Amount | $2,868 | $3,375 | $1,972 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2023
Leadership & Key People
Officers and directors from IRS filings
Salt Foundation's only listed officer is Bonnie Lee, Cfosecretary since 2023 (on filings since 2020) (uncompensated).
Officers on the 2023 filing
Bonnie Lee
Cfosecretary
Director & Secretary → CFO & Secretary, 2022
CFO & Secretary → Cfosecretary, 2023
On filings since 2020
1 hr/week
No compensation reported
Former officers (3)
- Former: Benton Lee (2020–2022) — CEO
- Former: Aaron Lee (2020) — Treasurer
- Former: Rhonda Folsom (2020) — President
Data from IRS Form 990 filings, 2020–2023. "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 Salt Foundation
How much does Salt Foundation give each year?
Salt Foundation gave $79K across 5 grants in 2023, according to its 2023 IRS Form 990-PF. In 2022 it gave $87K across 3 grants.
What is Salt Foundation's typical grant size?
Salt Foundation's median grant in 2023 was $6,000, and its average grant was $15,877, across 5 grants on its 2023 IRS Form 990-PF.
Where does Salt Foundation give grants?
Salt Foundation gives mostly in California: 100% of the grant dollars itemized on its 2023 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Monterey Park, CA (2 grants).
Does Salt Foundation give general operating support?
Yes: 20% of Salt Foundation's 2023 grants with a stated purpose (1 of 5) were for general or operating support, per its 2023 IRS Form 990-PF.
Who are Salt Foundation's largest grantees?
Salt Foundation's largest 2023 grantees include Catalyst San Gabriel Valley Inc ($56,000), Foothill Community Church ($11,000) and Venice Free Methodist Church ($6,000), according to its 2023 IRS Form 990-PF. Together they received 92% of its itemized 2023 grant dollars.
How much is Salt Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2023, Salt Foundation reported a distributable amount of $3K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Salt Foundation's EIN?
Salt Foundation's EIN (Employer Identification Number) is 84-1865418. IRS Form 990 filing data is available on this page for 2020–2023.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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