The Soter Kay Foundation is a private independent foundation based in Palm Beach, Florida, designated as a 501(c)(3) organization. The foundation has been tax-exempt since December 2001 and operates as a grantmaking foundation supporting various charitable causes across the United States.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$15.5M
-4.4% YoY
Annual Giving
$1.2M
+44.8% YoY
Grant Count
26
+62.5% YoY
Avg Grant Size
$47K
-10.9% YoY
Under IRS private-foundation payout rules, Soter Kay Foundation reported a distributable amount of $1.1M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation does not specify particular subject areas of focus in its public filings. However, recent activity indicates support for health research, particularly women's health initiatives and cardiovascular research.
Grantmaking
The foundation makes grants to organizations across multiple states. Recent documented grants include:
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Geographic Focus
Where this funder awards grants
The foundation provides funding to various cities and states across the United States, including:
States: Texas, Ohio, Michigan, Florida, and New York
Cities: Dallas, Columbus, Harbor Springs, West Palm Beach, Berkeley, Grove City, Lantana, Palm Beach, Smithtown, Delaware, and Delray Beach
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Financial Data (2024):
- Total Assets: $15.5 million
- Annual Revenue: $585,779
- Annual Expenses: $1,291,038
- Total Liabilities: $0
Prior Year Data (2022):
- Total Assets: $17,065,677
- Total Giving: $1,092,460
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $15,476,477 | $16,181,736 | $17,065,677 |
| Revenue | $585,779 | $-6,799 | $1,896,492 |
| Expenses | $1,291,038 | $877,142 | $1,112,239 |
| Qualifying Distributions | $1,230,500 | $852,540 | $1,094,450 |
| Net Investment Income | $583,532 | $654,772 | $1,896,492 |
| Distributable Amount | $1,092,378 | $931,240 | $926,342 |
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
103 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Holy Trinity Episcopal Church ($200,000), The Ohio State University Foundation ($200,000), Harbor Springs Lyric Theatre ($100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ACTION FOR CHILDREN COLUMBUS, OH | TO FURTHER ITS EXEMPT PURPOSES | $15,000 |
| BROAD STREET PRESBYTERIAN CHURCH COLUMBUS, OH | TO FURTHER ITS EXEMPT PURPOSES | $20,000 |
| COLUMBUS FOUNDATION COLUMBUS, OH | TO FURTHER ITS EXEMPT PURPOSES | $25,000 |
| FIRST SERVE WEST PALM BEACH, FL | TO FURTHER ITS EXEMPT PURPOSES | $15,000 |
| FLAGLER MUSEUM PALM BEACH, FL | TO FURTHER ITS EXEMPT PURPOSES | $5,000 |
| HARBOR SPRINGS LYRIC THEATRE HARBOR SPRINGS, MI | TO FURTHER ITS EXEMPT PURPOSES | $100,000 |
| HISTORICAL SOCIETY OF PALM BEACH COUNTY WEST PALM BEACH, FL | TO FURTHER ITS EXEMPT PURPOSES | $2,500 |
| HOLY TRINITY EPISCOPAL CHURCH WEST PALM BEACH, FL | TO FURTHER ITS EXEMPT PURPOSES | $200,000 |
| LITTLE TRAVERSE CONSERVANCY HARBOR SPRINGS, MI | TO FURTHER ITS EXEMPT PURPOSES | $36,500 |
| MCLAREN NORTHERN MICHIGAN FOUNDATION PETOSKEY, MI | TO FURTHER ITS EXEMPT PURPOSES | $100,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SARAH ROSS SOTER | DIRECTOR | 5 | — |
| SARAH ZIEGLER KAY | DIRECTOR | 1 | — |
| WILLIAM J SOTER | DIRECTOR | 1 | — |
Recent News & Activity
Recent developments and announcements
The foundation has made significant contributions to health research initiatives:
Soter, Soter Kay Foundation gifts $15M to create women\u2019s health research\A $15 million gift from the Soter Kay Foundation funded the creation of the Sarah Ross Soter Women's Health Research Program at Ohio State University College of Medicine
$15 million gift funds new Sarah Ross Soter Women's Health ...A $5.9 million gift from Sally and Bill Soter supported the American Heart Association's mission
$15 million gift funds new Sarah Ross Soter Women's Health ...These contributions indicate a focus on advancing women's health research and cardiovascular health initiatives.
$15 million gift funds new Sarah Ross Soter Women's Health ...Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Soter Kay Foundation fund?
The foundation does not specify particular subject areas of focus in its public filings. However, recent activity indicates support for health research, particularly women's health initiatives and cardiovascular research.
How do I apply for a grant from Soter Kay Foundation?
The foundation makes grants to organizations across multiple states. Recent documented grants include: • **Crossroads Club** (Delray Beach, FL): $91,500 grant in 2024 to further its exempt purposes The foundation's annual giving has been approximately $1.1 million to $1.3 million in recent years, with total assets supporting ongoing philanthropic activities.
Where does Soter Kay Foundation make grants?
The foundation provides funding to various cities and states across the United States, including: **States:** Texas, Ohio, Michigan, Florida, and New York **Cities:** Dallas, Columbus, Harbor Springs, West Palm Beach, Berkeley, Grove City, Lantana, Palm Beach, Smithtown, Delaware, and Delray Beach
What size grants does Soter Kay Foundation award?
In 2024, Soter Kay Foundation awarded 26 grants totaling $1.2M — an average of about $47K per grant, based on its IRS Form 990 filings.
How much is Soter Kay Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Soter Kay Foundation reported a distributable amount of $1.1M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Soter Kay Foundation's EIN?
Soter Kay Foundation's EIN (Employer Identification Number) is 31-1793690. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Soter Kay Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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