Solomon Family Foundation
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.
Solomon Family Foundation at a glance
In short: Solomon Family Foundation gave $62K across 2 grants in 2024 (avg $31K), mostly in Illinois. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $61,977
- +10.3% vs 2023
- Grants made (2024)
- 2
- -33.3% vs 2023
- Average grant
- $30,989
- +65.5% vs 2023
- Median grant
- $30,989
- Total assets
- $1,034,945
- +3.3% vs 2023
- Primary geography
- Illinois (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who Solomon Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was Various Small Donations ($53K). Together the top 2 received $62K.
Grant Size Distribution
23 grants across all recorded years
The most common grant size was under $50K: 20 grants of 23 (87%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2024, annual grant giving ranged from $28K (2021) to $159K (2020). In 2024 it made 2 grants totaling $62K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Various Small Donations River Forest, IL | Various Small Amount Donations | $52,941 |
| West Suburban Temple River Forest, IL | Donation to Church | $9,036 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $1,034,945 | $93,609 | $80,888 | $61,977 | 2 | $61,977 | $93,609 | $77,283 |
| 2023 | $1,001,551 | $66,841 | $88,099 | $56,175 | 3 | $71,028 | $66,841 | $70,692 |
| 2022 | $1,048,089 | $13,418 | $130,754 | $112,057 | 5 | $112,057 | $35,761 | $75,266 |
| 2021 | $1,171,167 | $6,774 | $49,283 | $27,821 | 4 | $27,821 | $36,813 | $75,085 |
| 2020 | $1,383,373 | $-63,461 | $164,197 | $158,898 | 9 | — | $38,759 | $68,052 |
| 2019 | $1,415,933 | $-37,231 | $63,175 | $54,141 | 8 | — | $72,048 | $63,278 |
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.
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.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS August 24, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 15, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS June 21, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS June 28, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 17, 2025)
- IRS filings on file for fiscal years 2019–2024
Live grants for the work Solomon Family Foundation funds
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