Solot and Karp Family Foundation
The Solot and Karp Family Foundation is a private grantmaking foundation based in Wilmington, Delaware. Established in 1998 in Pennsylvania and designated as a 501(c)(3) organization, the foundation received its IRS tax-exempt ruling in April 2000. It operates as a non-operating foundation with a broad philanthropic mission supporting charitable initiatives across the United States.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.8M
-1.2% YoY
Annual Giving
$269K
-5.5% YoY
Grant Count
88
+4.8% YoY
Avg Grant Size
$3K
-9.8% YoY
Under IRS private-foundation payout rules, Solot and Karp Family Foundation reported a distributable amount of $308K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation supports initiatives in the following areas:
- Arts and culture
- Education
- Religion
- Judaism
The foundation directs its efforts toward enhancing cultural, educational, and religious programs across various states and communities.
Grantmaking
The foundation makes contributions only to preselected charitable organizations.
Grant Range
s:**
Average Grant
$4,000
How to Apply
**
Ready to take the next step with Solot and Karp Family Foundation?
Geographic Focus
Where this funder awards grants
The foundation has a broad geographical reach across the United States, funding projects in numerous cities and states including:
- Major urban centers: New York, Los Angeles, Chicago
- Primary funding regions: Illinois, Florida, New York
- Additional states with funding activity: Alabama, Arizona, California, Colorado, Connecticut, Delaware, Florida, Illinois, Indiana, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Montana, North Carolina, New York, Ohio, Pennsylvania, and others
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue:
- Total assets: $4.9 million (2023)
- Total assets: $6.3 million (2024)
- Total revenue: $261,802 (2023)
- Total expenses: $342,613 (2023)
- Annual income: $1.4 million
Giving Rate:
- 6.2% of assets distributed annually
Historical Asset Growth:
- Assets grew from $3.4 million in 2011 to $4.9 million in 2023
Liabilities:
- Total liabilities: $0 (2023)
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,805,003 | $4,865,441 | $4,946,252 |
| Revenue | $282,440 | $261,802 | $222,268 |
| Expenses | $343,053 | $342,613 | $401,444 |
| Qualifying Distributions | $305,466 | $305,206 | $360,333 |
| Net Investment Income | $247,601 | $226,977 | $186,573 |
| Distributable Amount | $307,858 | $283,147 | $289,758 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Jewish Federation of Greater Naples Inc ($20,000), Jewish United Fund of Metropolitan Chicago ($20,000), Nch Healthcare Systems Inc ($12,500).
| Recipient | Purpose | Amount |
|---|---|---|
| ADLER PLANETARIUM CHICAGO, IL | Friend's Circle Contributor | $500 |
| AMERICAN BRAIN TUMOR ASSOCIATION CHICAGO, IL | General & Unrestricted | $500 |
| AMERICAN CAMPING ASSOCIATION INC NEW ENGLAND SECTI LEXINGTON, MA | Camp Champions Celebration - Campership Fund | $500 |
| AMERICAN CANCER SOCIETY INC CHICAGO, IL | General & Unrestricted | $500 |
| AMERICAN HEART ASSOCIATION CHICAGO, IL | General & Unrestricted | $500 |
| ANTI-DEFAMATION LEAGUE CHICAGO, IL | Upper Midwest Region | $1,500 |
| ART INSTITUTE OF CHICAGO CHICAGO, IL | General & Unrestricted | $500 |
| ARTIS-NAPLES INC NAPLES, FL | General & Unrestricted | $1,000 |
| AVOW HOSPICE INC NAPLES, FL | General & Unrestricted | $500 |
| BAKER SENIOR CENTER NAPLES INC NAPLES, FL | General & Unrestricted | $10,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is governed by six trustees, all serving without compensation:
- Marsha B Karp (Trustee, 2 hours/week)
- Robert N Karp (Trustee, 1 hour/week)
- Howard L Solot (Trustee, 1 hour/week)
- Janet F Solot (Trustee, 1 hour/week)
- Julie Solot (Trustee, 1 hour/week)
- Michael J Solot (Trustee, 1 hour/week)
Administrative services are provided by Foundation Source.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Marsha B Karp | Trustee | 2 | — |
| Robert N Karp | Trustee | 1 | — |
| Howard L Solot | Trustee | 1 | — |
| Janet F Solot | Trustee | 1 | — |
| Julie Solot | Trustee | 1 | — |
| Michael J Solot | Trustee | 1 | — |
Recent News & Activity
Recent developments and announcements
The foundation has supported organizations across multiple sectors, including medical research institutions and social service organizations. The foundation established a Ukraine Relief Fund in response to international humanitarian needs, demonstrating responsiveness to emerging charitable priorities.
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Solot and Karp Family Foundation fund?
The foundation supports initiatives in the following areas: • Arts and culture • Education • Religion • Judaism The foundation directs its efforts toward enhancing cultural, educational, and religious programs across various states and communities.
How do I apply for a grant from Solot and Karp Family Foundation?
**Grant Activity:** • Total grants awarded: 333 grants totaling $1.3 million (historical) • Annual distributions: Between $284,000 and $662,000 (2021-2023) • Highest grantmaking activity in 2022 with $662,000 distributed across 164 grants • Recent annual giving: $305,206 (2023) **Grant Sizes:** • Grant range: $100 to $35,000 • Average grant: $4,000 • Median grant: $1,000 to $1,500 **Grant Programs:** • General & Unrestricted: $2,231 average, 70 recipients • Annual Fund: $1,269 average, 7 recipi…
Where does Solot and Karp Family Foundation make grants?
The foundation has a broad geographical reach across the United States, funding projects in numerous cities and states including: • Major urban centers: New York, Los Angeles, Chicago • Primary funding regions: Illinois, Florida, New York • Additional states with funding activity: Alabama, Arizona, California, Colorado, Connecticut, Delaware, Florida, Illinois, Indiana, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Montana, North Carolina, New York, Ohio, Pennsylvania, and others
What size grants does Solot and Karp Family Foundation award?
In 2024, Solot and Karp Family Foundation awarded 88 grants totaling $269K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is Solot and Karp Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Solot and Karp Family Foundation reported a distributable amount of $308K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Solot and Karp Family Foundation's EIN?
Solot and Karp Family Foundation's EIN (Employer Identification Number) is 23-7933630. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Solot and Karp Family Foundation's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
Ttee Trustees of Univ of Mass - Art 5
WILMINGTON, DE
Assets
$380K
Grants
1
Total Given
$14K
The Jonsson Foundation
WILMINGTON, DE
Assets
$784K
Grants
3
Total Given
$15K
The Cucci Family Foundation
WILMINGTON, DE
Assets
$579K
Grants
4
Total Given
$45K
Westly Foundation
WILMINGTON, DE
Assets
$4.1M
Grants
55
Total Given
$1.2M
Scott and Jessica McClintock Foundation
WILMINGTON, DE
Assets
$8.9M
Grants
22
Total Given
$392K
The John C Griswold Family Foundation
WILMINGTON, DE
Assets
$13.4M
Grants
68
Total Given
$534K
Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with Solot and Karp Family Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching Solot and Karp Family Foundation to a real strategy.