Solley Foundation

Foundation · Grantmaker Decatur, AL EIN: 26-3659563

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.

Key facts about Solley Foundation

EIN: 26-3659563
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $134,500
Grants made (2024): 7
Average grant: $19,214
Median grant: $10,000
Total assets: $480,374
Primary geography: Alabama (42% of itemized 2024 grant dollars)

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

Who Solley Foundation funds

By grant dollars, the top recipient states for Solley Foundation's 7 itemized 2024 grants were Alabama (42%), Arkansas (22%) and Tennessee (22%). The most frequent recipient cities were Decatur, AL (3 grants). None of its 7 grants with a stated purpose were described as general or operating support. Recurring purposes include "Christian Outreach" (4 grants).

How Solley Foundation gives

Giving grew 35% from 2021 to 2024. Method
In 2024 it paid out 341% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

Next steps with Solley Foundation

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$480K

-12.1% YoY

Annual Giving

$135K

+25.1% YoY

Grant Count

+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

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Alabama $57K (42%)

Arkansas $30K (22%)

Tennessee $30K (22%)

Florida $10K (7%)

California $8K (6%)

Share of all 7 itemized 2024 grant dollars.

States

Alabama Arkansas California Florida Kentucky Tennessee

Cities

DecaturPlantationSearcyMurfreesboroSan DiegoBowling GreenMooresville

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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

Data update history

When this profile's IRS filing data changed on Grantable

March 2, 2026 IRS filings on file for fiscal years 2020–2024

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 recipients 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

No officer or director reported compensation in the available filings.

From 2024 IRS 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

Philanthropy, Voluntarism & Grantmaking

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.