Solley Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DECATUR, AL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $480K in total assets. In 2024, it awarded 7 grants totaling $135K. Net investment income was $70K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$480K
-12.1% YoY
Annual Giving
$135K
+25.1% YoY
Grant Count
7
+0.0% YoY
Avg Grant Size
$19K
+25.1% YoY
Under IRS private-foundation payout rules, Solley Foundation reported a distributable amount of $39K for 2024 — the minimum it must pay out in qualifying distributions.
About Solley Foundation
Based on IRS filings
Solley Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DECATUR, AL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $480K in total assets. In 2024, it awarded 7 grants totaling $135K. Net investment income was $70K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $480,374 | $546,557 | $633,427 |
| Revenue | $80,149 | $32,911 | $14,108 |
| Expenses | $146,332 | $119,781 | $114,938 |
| Qualifying Distributions | $134,500 | $107,500 | $92,000 |
| Net Investment Income | $70,135 | $22,905 | $1,821 |
| Distributable Amount | $39,414 | $39,134 | $43,815 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
36 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Project Rescue Inc ($50,000), Harding University ($30,000), Middle Tennessee Christian School ($30,000).
| Recipient | Purpose | Amount |
|---|---|---|
| PROJECT RESCUE INC DECATUR, AL | CHRISTIAN OUTREACH | $50,000 |
| HARDING UNIVERSITY SEARCY, AR | CHRISTIAN EDUCATION | $30,000 |
| MIDDLE TENNESSEE CHRISTIAN SCHOOL MURFREESBORO, TN | CHRISTIAN EDUCATION | $30,000 |
| WEST BROWARD CHURCH OF CHRIST PLANTATION, FL | CHRISTIAN OUTREACH | $10,000 |
| HIS HANDS OF HOPE SAN DIEGO, CA | CHRISTIAN OUTREACH | $7,500 |
| BELTLINE CHURCH OF CHRIST DECATUR, AL | CHRISTIAN OUTREACH | $5,000 |
| DREAM WEAVERS DECATUR, AL | SUPPORT FOR THE ARTS | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RONNIE B SOLLEY | PRESIDENT | 0.08 | — |
| ROBIN S BARKER | SECRETARY-TR | 0.04 | — |
| RAY R SOLLEY | DIRECTOR | 0.02 | — |
| LINDA L SOLLEY | DIRECTOR | 0.02 | — |
| BOBBIE A SOLLEY | DIRECTOR | 0.02 | — |
| ANNA B D'HERDE | DIRECTOR | 0.02 | — |
| CARSON R SOLLEY | DIRECTOR | 0.02 | — |
| BO M SOLLEY | DIRECTOR | 0.02 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Solley Foundation?
Solley Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DECATUR, AL. It holds $480K in total assets as of 2024.
How large is Solley Foundation?
As of 2024, Solley Foundation holds $480K in total assets with $80K in annual revenue. It awarded 7 grants totaling $135K in 2024.
Where does Solley Foundation operate?
Solley Foundation has awarded grants in Alabama, Arkansas, California, Florida, Kentucky, Tennessee.
What size grants does Solley Foundation award?
In 2024, Solley Foundation awarded 7 grants totaling $135K — an average of about $19K per grant, based on its IRS Form 990 filings.
How much is Solley Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Solley Foundation reported a distributable amount of $39K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Solley Foundation's EIN?
Solley Foundation's EIN (Employer Identification Number) is 26-3659563. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Solley 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.
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