Solomon Family Foundation

Private foundation · Grantmaker River Forest, IL EIN: 36-7213611

Solomon Family Foundation is a private foundation, based in River Forest, IL. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $1.0M in total assets. In 2024, it awarded 2 grants totaling $62K. Net investment income was $94K.

Key facts about Solomon Family Foundation

In short: Solomon Family Foundation gave $62K across 2 grants in 2024 (avg $31K), mostly in Illinois. Source: 2024 IRS Form 990-PF.

EIN
36-7213611
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$61,977
Grants made (2024)
2
Average grant
$30,989
Median grant
$30,989
Total assets
$1,034,945
Primary geography
Illinois (100% of itemized 2024 grant dollars)

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

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.0M

+3.3% YoY

Annual Giving

$62K

+10.3% YoY

Grant Count

2

-33.3% YoY

Avg Grant Size

$31K

+65.5% YoY

Under IRS private-foundation payout rules, Solomon Family Foundation reported a distributable amount of $77K for 2024 — the minimum it must pay out in qualifying distributions.

How Solomon Family Foundation gives

  • Giving grew 123% from 2021 to 2024. Method
  • In 2024 it paid out 80% 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.

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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

River ForestChicagoNorthbrookAshburnPalo AltoWashingtonBarrigadaNew YorkPinehurstSeattle

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K$200K8 grants2019 9 grants2020 4 grants2021 5 grants2022 3 grants2023 2 grants2024

From 2019 to 2024, annual grant giving ranged from $28K (2021) to $159K (2020). In 2024 it made 2 grants totaling $62K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Various Small Donations: $53KVarious Small Donations$53KWest Suburban Temple: $9KWest Suburban Temple$9K

The largest 2024 recipient was Various Small Donations ($53K). Together the top 2 received $62K.

Grant Size Distribution

23 grants across all recorded years

20<$50K2$50–100K1$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 20 grants of 23 (87%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Various Small Donations River Forest, ILVarious Small Amount Donations$52,941
West Suburban Temple River Forest, ILDonation to Church$9,036

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$50K$100K$150K$200K2019 2020 2021 2022 2023 2024
Metric202420232022
Total Assets$1,034,945$1,001,551$1,048,089
Revenue$93,609$66,841$13,418
Expenses$80,888$88,099$130,754
Qualifying Distributions$61,977$71,028$112,057
Net Investment Income$93,609$66,841$35,761
Distributable Amount$77,283$70,692$75,266

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2019 (received by the IRS August 24, 2020)
  2. Updated Form 990-PF for fiscal year 2020 (received by the IRS November 15, 2021)
  3. Updated Form 990-PF for fiscal year 2021 (received by the IRS November 15, 2022)
  4. Updated Form 990-PF for fiscal year 2022 (received by the IRS June 21, 2023)
  5. Updated Form 990-PF for fiscal year 2023 (received by the IRS June 28, 2024)
  6. Updated Form 990-PF for fiscal year 2024 (received by the IRS November 17, 2025)
  7. IRS filings on file for fiscal years 2019–2024

Leadership & Key People

Officers and directors from IRS filings

Solomon Family Foundation is led by Hai Solomon, President on every filing since 2019; none of the 2 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Hai Solomon

    President

    On filings since 2019

    1 hr/week

    No compensation reported

  • Carol Solomon

    Treasurer

    On filings since 2019

    1 hr/week

    No compensation reported

Data from IRS Form 990 filings, 2019–2024. "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 Solomon Family Foundation

How much does Solomon Family Foundation give each year?

Solomon Family Foundation gave $62K across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $56K across 3 grants.

How large is Solomon Family Foundation?

Solomon Family Foundation reported $1.0M in total assets on its 2024 IRS Form 990-PF. It paid out $62K in qualifying distributions that year, against a required minimum of $77K (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 Solomon Family Foundation operate?

Solomon Family Foundation has awarded grants in California, District of Columbia, Guam, Illinois, North Carolina, New York, Virginia, Washington.

What is Solomon Family Foundation's EIN?

Solomon Family Foundation's EIN (Employer Identification Number) is 36-7213611. IRS Form 990 filing data is available on this page for 2019–2024.

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

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