Solheim Foundation
Solheim Foundation is a private foundation, based in Phoenix, AZ. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $23.4M in total assets. In 2025, it made $648 in qualifying distributions. Net investment income was $1.5M.
Solheim Foundation at a glance
- Total assets
- $23,360,791
- +24.5% vs 2024
- Revenue (2025)
- $4,712,548
- -41.4% vs 2024
- Qualifying distributions (2025)
- $648
- -71.2% vs 2024
- Expenses (2025)
- $116,860
- +64.6% vs 2024
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Solheim Foundation funds
How this funder distributes its grants
Grant Size Distribution
7 grants across all recorded years
The most common grant size was $5M or more: 2 grants of 7 (29%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
How Solheim Foundation gives
- In 2025 it paid out 0% 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 2021 to 2023, annual grant giving ranged from $2.0M (2022) to $14.1M (2023). In 2023 it made 2 grants totaling $14.1M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| National Christian Charitable Foundation Alpharetta, GA | General Support | $14,000,000 |
| Oklahoma State University Foundation Stillwater, OK | General Support | $100,000 |
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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 | $23,360,791 | $4,712,548 | $116,860 | — | — | $648 | $1,456,894 | $994,217 |
| 2024 | $18,757,102 | $8,040,043 | $70,977 | — | — | $2,248 | $639,517 | $617,470 |
| 2023 | $10,788,036 | $8,776,100 | $14,116,255 | $14,100,000 | 2 | $14,103,874 | $55,489 | $449,388 |
| 2022 | $16,128,393 | $10,724,305 | $2,000,389 | $2,000,000 | 1 | $2,000,389 | — | $529,191 |
| 2021 | $7,404,477 | $7,743,893 | $7,075,341 | $7,075,000 | 4 | — | — | $378,475 |
Under IRS private-foundation payout rules, Solheim Foundation reported a distributable amount of $994K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Solheim Foundation is led by David A. Solheim, Chair since 2023 (on filings since 2021); none of the 7 officers listed in 2025 report compensation.
Officers on the 2025 filing
David A. Solheim
Chair
Chairperson → Chair, 2023
On filings since 2021
1 hr/week
No compensation reported
Allan D. Solheim
Trustee
On filings since 2021
1 hr/week
No compensation reported
Allan D. Solheim Jr.
Trustee
On filings since 2021
1 hr/week
No compensation reported
Andrew B. Solheim
Trustee
On filings since 2021
1 hr/week
No compensation reported
Candy Birch
Trustee
On filings since 2021
1 hr/week
No compensation reported
Joy Solheim
Trustee
On filings since 2021
1 hr/week
No compensation reported
Yvonne Garcia
Secretary
On filings since 2024
1 hr/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 Solheim Foundation
How large is Solheim Foundation?
Solheim Foundation reported $23.4M in total assets on its 2025 IRS Form 990-PF. It paid out $648 in qualifying distributions that year, against a required minimum of $994K (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 Solheim Foundation operate?
Solheim Foundation has awarded grants in Georgia, Oklahoma, Tennessee.
What is Solheim Foundation's EIN?
Solheim Foundation's EIN (Employer Identification Number) is 74-2378207. 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
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2025
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