Solomon Foundation

Foundation · Grantmaker Incline Village, NV EIN: 58-2674517

Solomon Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Incline Village, NV. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $152K in total assets. In 2024, it awarded 4 grants totaling $8K. Net investment income was $7K.

Key facts about Solomon Foundation

EIN: 58-2674517
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $8,131
Grants made (2024): 4
Average grant: $2,033
Median grant: $666
Total assets: $152,345
Primary geography: Nevada (79% of itemized 2024 grant dollars)

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

Who Solomon Foundation funds

By grant dollars, the top recipient states for Solomon Foundation's 4 itemized 2024 grants were Nevada (79%), California (10%) and Virginia (7%). None of its 4 grants with a stated purpose were described as general or operating support.

How Solomon Foundation gives

Giving fell 55% from 2021 to 2024. Method
In 2024 it paid out 117% of its IRS minimum distribution (the 5% rule). Method

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

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$152K

Annual Giving

$8K

Grant Count

Avg Grant Size

$2K

Under IRS private-foundation payout rules, Solomon Foundation reported a distributable amount of $7K for 2024 — the minimum it must pay out in qualifying distributions.

About Solomon 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

Nevada $6K (79%)

California $800 (10%)

Virginia $531 (7%)

District of Columbia $400 (5%)

Share of all 4 itemized 2024 grant dollars.

States

California District of Columbia Nevada Rhode Island Virginia

Cities

Incline VillageWashingtonHenricoEl SegundoProvidenceQuincy

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2022	2021
Total Assets	$152,345	—	$158,541
Revenue	$7,318	$18,023	$19,895
Expenses	$8,744	$15,692	$18,233
Qualifying Distributions	$8,744	—	$18,051
Net Investment Income	$7,318	—	$9,895
Distributable Amount	$7,469	$7,037	$6,521

Data update history

When this profile's IRS filing data changed on Grantable

March 1, 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 4 recipients in 2024

Grant Size Distribution

17 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Misc Public Charities ($6,400), El Segundo Education Foundation ($800), Child Fund International ($531).

Recipient	Purpose	Amount
Misc Public Charities Incline Village, NV	Support for environmental health and education	$6,400
El Segundo Education Foundation El Segundo, CA	Academic and innovative programs	$800
Child Fund International Henrico, VA	Children in poverty	$531
Planned Parenthood Washington, DC	Health Access	$400

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
Margaret Solomon	President	—	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Solomon Foundation?

Solomon Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Incline Village, NV. It holds $152K in total assets as of 2024.

How large is Solomon Foundation?

As of 2024, Solomon Foundation holds $152K in total assets with $7K in annual revenue. It awarded 4 grants totaling $8K in 2024.

Where does Solomon Foundation operate?

Solomon Foundation has awarded grants in California, District of Columbia, Nevada, Rhode Island, Virginia.

What size grants does Solomon Foundation award?

In 2024, Solomon Foundation awarded 4 grants totaling $8K — an average of about $2K per grant, based on its IRS Form 990 filings.

How much is Solomon Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Solomon Foundation reported a distributable amount of $7K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.