Solimine Charitable Corporation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LYNN, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $14.8M in total assets. In 2024, it awarded 22 grants totaling $174K. Net investment income was $371K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$14.8M
+48.9% YoY
Annual Giving
$174K
+49.2% YoY
Grant Count
22
+29.4% YoY
Avg Grant Size
$8K
+15.3% YoY
Under IRS private-foundation payout rules, Solimine Charitable Corporation reported a distributable amount of $269K for 2024 — the minimum it must pay out in qualifying distributions.
About Solimine Charitable Corporation
Based on IRS filings
Solimine Charitable Corporation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LYNN, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $14.8M in total assets. In 2024, it awarded 22 grants totaling $174K. Net investment income was $371K.
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 | $14,820,274 | $9,955,940 | $6,647,390 |
| Revenue | $5,189,208 | $6,482,449 | $38,014 |
| Expenses | $174,874 | $143,899 | $73,871 |
| Qualifying Distributions | $174,674 | $119,779 | — |
| Net Investment Income | $371,307 | $13,443 | $871 |
| Distributable Amount | $269,099 | $39,511 | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
45 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Multiple Less Than 3000 Each ($30,140), American Cancer Society ($20,000), Boys and Girls Club of Lynn ($15,000).
| Recipient | Purpose | Amount |
|---|---|---|
| LYNN SHELTER ASSOCIATION LYNN, MA | CHARITABLE | $12,000 |
| 9 INDIVIDUALS LYNN, MA | CHARITABLE FINANCIAL ASSISTANCE | $7,625 |
| NSCC FOUNDATION DANVERS, MA | CHARITABLE | $5,000 |
| LEO INC LYNN, MA | CHARITABLE | $5,000 |
| AMERICAN RED CROSS DANVERS, MA | CHARITABLE | $5,837 |
| TOMMY'S PLACE FOUNDATION FALMOUTH, MA | CHARITABLE | $5,000 |
| SALVATION ARMY LYNN, MA | CHARITABLE | $5,000 |
| CATHOLIC CHARITIES NORTH LYNN, MA | CHARITABLE | $5,000 |
| UNITED WAY OF MASS BAY BOSTON, MA | CHARITABLE | $10,000 |
| GIRLS INC LYNN, MA | CHARITABLE | $3,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DAVID J SOLIMINE JR | PRESIDENT | 2 | — |
| JOEL C SOLIMINE | DIRECTOR | 1 | — |
| DIANE J EDGETT | DIRECTOR | 1 | — |
| MAGNOLIA A CONTRERAS | DIRECTOR | 1 | — |
| MICHAEL D SOLIMINE | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Solimine Charitable Corporation?
Solimine Charitable Corporation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LYNN, MA. It holds $14.8M in total assets as of 2024.
How large is Solimine Charitable Corporation?
As of 2024, Solimine Charitable Corporation holds $14.8M in total assets with $5.2M in annual revenue. It awarded 22 grants totaling $174K in 2024.
Where does Solimine Charitable Corporation operate?
Solimine Charitable Corporation has awarded grants in Massachusetts.
What size grants does Solimine Charitable Corporation award?
In 2024, Solimine Charitable Corporation awarded 22 grants totaling $174K — an average of about $8K per grant, based on its IRS Form 990 filings.
How much is Solimine Charitable Corporation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Solimine Charitable Corporation reported a distributable amount of $269K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Solimine Charitable Corporation's EIN?
Solimine Charitable Corporation's EIN (Employer Identification Number) is 20-0478181. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Solimine Charitable Corporation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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