Somerset Foundation Inc
Somerset Foundation Inc is a private foundation based in Atlanta, Georgia. Its 2024 filing reports grants to organizations working in areas including education, youth development, health care, family support, housing, and animal rescue.
Somerset Foundation Inc at a glance
In short: Somerset Foundation Inc gave $195K across 28 grants in 2024 (avg $7K), mostly in Georgia. 50% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $195,000
- +14.7% vs 2023
- Grants made (2024)
- 28
- +86.7% vs 2023
- Average grant
- $6,964
- -38.6% vs 2023
- Median grant
- $4,000
- Total assets
- $2,459,374
- +61.6% vs 2023
- New grantees (estimate)
- 50% first-time grantees (14 of 28, 2024)
- Primary geography
- Georgia (85% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Somerset Foundation Inc
- Accepts unsolicited proposals
- Yes
- How to Apply
-
The foundation accepts unsolicited requests. Applications should be submitted in letter form and detail the grant’s purpose, area to be served, budget, and other pertinent information. The foundation does not restrict giving to preselected organizations and states that it has no restrictions on awards.
- Contact
Application contact: Mary Virginia Davis
Mailing address: Tower Place 100 Ste 1775, Atlanta, GA 30326
Phone: (404) 812-7121
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Somerset Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Star-C Communities ($20K). Together the top 10 received $135K.
Grant Size Distribution
88 grants across all recorded years
The most common grant size was under $50K: 88 grants of 88 (100%).
Geographic Focus
Where this funder awards grants
The foundation’s 2024 grants went primarily to Georgia: 85% of grant dollars were reported for recipients in that state. Other reported recipient-state shares were North Carolina (8%), South Carolina (3%), Colorado (3%), and an unidentified state category (3%).
Grant Distribution by State
Share of 2024 grant dollars across all 28 itemized grants.
Cities
Is Somerset Foundation Inc open to new grantees?
50%
first-time grantees, 2024
In 2024, 14 of 28 grantees (50%) were first-time recipients. First grants averaged $3K; repeat grants $11K. How we count
Medians: $3K first-time, $10K repeat.
- 50% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (+8%). Method
- In 2024 it paid out 81% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $150K (2020) to $195K (2024). In 2024 it made 28 grants totaling $195K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Star-C Communities Atlanta, GA | charitable contribution | $20,000 |
| Atlanta Youth Academy Atlanta, GA | Charitable Contribution | $15,000 |
| Ben Franklin Academy Atlanta, GA | Charitable Contribution | $15,000 |
| The Good Samaritan Health Center Atlanta, GA | Charitable Contribution | $15,000 |
| Eagle Ranch Flowery Branch, GA | charitable contribution | $15,000 |
| Child Advocate Network Decatur, GA | chartiable contribution | $15,000 |
| Heartbound Ministries Atlanta, GA | Charitable Contribution | $10,000 |
| Clifton Sanctuary Ministries Atlanta, GA | charitable contribution | $10,000 |
| Praying for Next Generation Atlanta, GA | charitable contribution | $10,000 |
| Jam Blue Ridge Highlands, NC | charitable contribution | $10,000 |
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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 | $2,459,374 | $1,124,008 | $223,257 | $195,000 | 28 | $195,000 | $1,095,751 | $241,840 |
| 2023 | $1,522,221 | $225,329 | $189,284 | $170,000 | 15 | $170,000 | $206,045 | $175,339 |
| 2022 | $1,486,176 | $79,248 | $168,909 | $150,000 | 14 | $150,000 | $60,339 | $163,828 |
| 2021 | $1,590,174 | $128,618 | $198,476 | $180,000 | 15 | $180,000 | $110,142 | $174,067 |
| 2020 | $1,667,346 | $172,548 | $171,639 | $150,000 | 16 | — | $150,909 | $148,996 |
Under IRS private-foundation payout rules, Somerset Foundation Inc reported a distributable amount of $242K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
An earlier description gives the foundation’s framework as “Advancing Wellbeing for People, Places and Planet.” Its grants include support for organizations with varied missions. For example, Child Advocate Network says it recruits and trains court-appointed volunteers to advocate for children in DeKalb County’s juvenile court system; The Good Samaritan Health Center describes its work as providing comprehensive primary care to low-income, uninsured people in metropolitan Atlanta; and Create Your Dreams describes a youth development program serving children in underserved areas of Atlanta.
Other 2024 grantees describe work that includes transitional housing and counseling for homeless men (Clifton Sanctuary Ministries), programming for incarcerated people and their families (Heartbound Ministries), family services (Eagle Ranch), and support and advocacy for LGBTQ youth (Time Out Youth).
Grantmaking
In 2024, the foundation reported 28 grants totaling $195,000. Grant amounts ranged from $1,000 to $20,000, with a median of $4,000. Notable grants included $20,000 to Star-C Communities; $15,000 each to Atlanta Youth Academy, Ben Franklin Academy, The Good Samaritan Health Center, Eagle Ranch, and Child Advocate Network; and $10,000 each to Heartbound Ministries, Clifton Sanctuary Ministries, Praying for Next Generation, and JAM Blue Ridge. Create Your Dreams received $7,500.
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation’s 2024 filing lists Mary Virginia Davis as secretary, Frances S. Davis as CEO, and Robert Bryan Davis as CFO.
Somerset Foundation Inc is led by frances s davis, CEO on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
frances s davis
CEO
On filings since 2020
No compensation reported
Mary Virginia Davis
Secretary
On filings since 2020
No compensation reported
robert bryan davis
CFO
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 Somerset Foundation Inc
How much does Somerset Foundation Inc give each year?
Somerset Foundation Inc gave $195K across 28 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $170K across 15 grants.
What is Somerset Foundation Inc's typical grant size?
Somerset Foundation Inc's median grant in 2024 was $4,000, and its average grant was $6,964, across 28 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Somerset Foundation Inc that year got $3K on average.
Where does Somerset Foundation Inc give grants?
Somerset Foundation Inc gives mostly in Georgia: 85% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was North Carolina (8%). The most frequent recipient cities were Atlanta, GA (14 grants) and Decatur, GA (2 grants).
Who are Somerset Foundation Inc's largest grantees?
Somerset Foundation Inc's largest 2024 grantees include Star-C Communities ($20,000), Atlanta Youth Academy ($15,000) and Ben Franklin Academy ($15,000), according to its 2024 IRS Form 990-PF. Together they received 26% of its itemized 2024 grant dollars.
How large is Somerset Foundation Inc?
Somerset Foundation Inc reported $2.5M in total assets on its 2024 IRS Form 990-PF. It paid out $195K in qualifying distributions that year, against a required minimum of $242K (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.
What does Somerset Foundation Inc fund?
An earlier description gives the foundation’s framework as “Advancing Wellbeing for People, Places and Planet.” Its grants include support for organizations with varied missions. See mission & focus areas ↑
How do I apply for a grant from Somerset Foundation Inc?
The foundation accepts unsolicited requests. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Somerset Foundation Inc's EIN?
Somerset Foundation Inc's EIN (Employer Identification Number) is 58-2360568. IRS Form 990 filing data is available on this page for 2020–2024.
Does Somerset Foundation Inc accept unsolicited proposals?
Yes, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Somerset Foundation Inc funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Somerset Foundation Inc's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Somerset Foundation Inc funder profile. GrantGraph. Retrieved October 17, 2026, from https://grantable.co/funders/somerset-foundation-inc-morg_0b9a77ec713a48208c740df94fd8fdf8
BibTeX
@misc{grantable_582360568_2026,
author = {{Grantable}},
title = {{Somerset Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/somerset-foundation-inc-morg_0b9a77ec713a48208c740df94fd8fdf8},
note = {Accessed 2026-10-17. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Somerset Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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