Solder True Life Foundation

Private foundation · Grantmaker Wilmington, DE EIN: 84-4045550

Solder True Life Foundation is a private foundation, based in Wilmington, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.8M in total assets. In 2024, it awarded 2 grants totaling $10K. Net investment income was $257K.

Key facts about Solder True Life Foundation

In short: Solder True Life Foundation gave $10K across 2 grants in 2024 (avg $5K), mostly in New Jersey. Source: 2024 IRS Form 990-PF.

EIN
84-4045550
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$10,014
Grants made (2024)
2
Average grant
$5,007
Median grant
$5,007
Total assets
$4,791,742
Primary geography
New Jersey (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$4.8M

+1.2% YoY

Annual Giving

$10K

-88.2% YoY

Grant Count

2

+0.0% YoY

Avg Grant Size

$5K

-88.2% YoY

Under IRS private-foundation payout rules, Solder True Life Foundation reported a distributable amount of $224K for 2024 — the minimum it must pay out in qualifying distributions.

How Solder True Life Foundation gives

  • Giving fell 95% from 2021 to 2024. Method
  • In 2024 it paid out 157% of 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

8states

Share of 2024 grant dollars across all 2 itemized grants.

Cities

BostonBrooklineChicagoFoxboroHillsideHobokenLittletonNew YorkNewarkPantonProvidenceStamford

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K$200K3 grants2020 2 grants2021 4 grants2022 2 grants2023 2 grants2024

From 2020 to 2024, annual grant giving ranged from $10K (2024) to $183K (2021). In 2024 it made 2 grants totaling $10K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Althea Johnson: $10KAlthea Johnson$10KShore Capital Food & Beverage Partners Fund II: $14Shore Capital Food & BeveragePartners Fund II$14

The largest 2024 recipient was Althea Johnson ($10K). Together the top 2 received $10K.

Grant Size Distribution

13 grants across all recorded years

11<$50K1$50–100K1$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 11 grants of 13 (85%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Althea Johnson Newark, NJGeneral Support$10,000
Shore Capital Food & Beverage Partners Fund II Chicago, ILPassthru$14

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$500K$1M$1.5M2020 2021 2022 2023 2024
Metric202420232022
Total Assets$4,791,742$4,735,083$4,511,672
Revenue$313,950$328,122$214,767
Expenses$409,388$380,567$428,154
Qualifying Distributions$352,361$344,499$394,091
Net Investment Income$256,923$119,064$85,025
Distributable Amount$223,901$210,963$225,360

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Solder True Life Foundation is led by Nathan Solder, President on every filing since 2020; 2 of 5 officers listed in 2024 are compensated.

Officers on the 2024 filing

  • Nathan Solder

    President

    On filings since 2020

    5 hrs/week

    No compensation reported

  • Bridget Wise

    Secretary

    On filings since 2020

    25 hrs/week

    $95K (2024)

  • Karen Marsh

    Treasurer

    On filings since 2020

    30 hrs/week

    $52K (2024)

  • Alexis Solder

    Vice President

    On filings since 2020

    5 hrs/week

    No compensation reported

  • Jack Easterby

    Board Member

    On filings since 2020

    1 hr/week

    No compensation reported

Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2024 IRS filing

Bridget Wise — Secretary: $95KBridget WiseSecretary$95KKaren Marsh — Treasurer: $52KKaren MarshTreasurer$52K

The highest reported compensation on the 2024 filing was $95K, to Bridget Wise (Secretary). 2 officers or directors reported compensation on that filing.

Frequently asked questions about Solder True Life Foundation

How much does Solder True Life Foundation give each year?

Solder True Life Foundation gave $10K across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $85K across 2 grants.

How large is Solder True Life Foundation?

Solder True Life Foundation reported $4.8M in total assets on its 2024 IRS Form 990-PF. It paid out $352K in qualifying distributions that year, against a required minimum of $224K (roughly 5% of its investment assets).

Where does Solder True Life Foundation operate?

Solder True Life Foundation has awarded grants in Colorado, Connecticut, Illinois, Massachusetts, New Jersey, New York, Rhode Island, Vermont.

What is Solder True Life Foundation's EIN?

Solder True Life Foundation's EIN (Employer Identification Number) is 84-4045550. IRS Form 990 filing data is available on this page for 2020–2024.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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