The DM Solomon Family Foundation Inc

NEW YORK, NY EIN: 13-4144079

The DM Solomon Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $237K in total assets. In 2024, it awarded 1 grants totaling $25K. Net investment income was $15K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$237K

-4.7% YoY

Annual Giving

$25K

+150.0% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$25K

+150.0% YoY

Under IRS private-foundation payout rules, The DM Solomon Family Foundation Inc reported a distributable amount of $33K for 2024 — the minimum it must pay out in qualifying distributions.

About The DM Solomon Family Foundation Inc

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

California $25K (71%)

Colorado $10K (29%)

States

California Colorado

Cities

CaDenver

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$236,939	$248,618	$242,071
Revenue	$17,096	$20,647	$38,854
Expenses	$28,775	$14,100	$1,100
Qualifying Distributions	$26,937	$11,850	$100
Net Investment Income	$15,258	$18,897	$36,529
Distributable Amount	$32,551	$23,480	$22,795

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

2 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include HRJ Charities Inc ($25,000).

Recipient	Purpose	Amount
HRJ Charities Inc CA, CA	GENERAL CHARITABLE PURPOSE	$25,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
DAVID M SOLOMON	CHAIRMAN & PRESIDENT	1	—
KATHRYN SOLOMON	TREASURER & VICE PRESIDENT	1	—
CAROLINE SOLOMON	SECRETARY & VICE PRESIDENT	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is The DM Solomon Family Foundation Inc?

The DM Solomon Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. It holds $237K in total assets as of 2024.

How large is The DM Solomon Family Foundation Inc?

As of 2024, The DM Solomon Family Foundation Inc holds $237K in total assets with $17K in annual revenue. It awarded 1 grants totaling $25K in 2024.

Where does The DM Solomon Family Foundation Inc operate?

The DM Solomon Family Foundation Inc has awarded grants in California, Colorado.

What size grants does The DM Solomon Family Foundation Inc award?

In 2024, The DM Solomon Family Foundation Inc awarded 1 grants totaling $25K — an average of about $25K per grant, based on its IRS Form 990 filings.

How much is The DM Solomon Family Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The DM Solomon Family Foundation Inc reported a distributable amount of $33K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is The DM Solomon Family Foundation Inc's EIN?

The DM Solomon Family Foundation Inc's EIN (Employer Identification Number) is 13-4144079. IRS Form 990 filing data is available on this page for 2020–2024.