The Solovey Family Foundation Inc is a private foundation focused on Human Services, based in MELVILLE, NY. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $411K in total assets. In 2024, it awarded 2 grants totaling $230K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$411K
-35.9% YoY
Annual Giving
$230K
-46.5% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$115K
-46.5% YoY
Under IRS private-foundation payout rules, The Solovey Family Foundation Inc reported a distributable amount of $29K for 2024 — the minimum it must pay out in qualifying distributions.
About The Solovey Family Foundation Inc
Based on IRS filings
The Solovey Family Foundation Inc is a private foundation focused on Human Services, based in MELVILLE, NY. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $411K in total assets. In 2024, it awarded 2 grants totaling $230K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $411,203 | $641,483 | $71,792 |
| Revenue | — | $1,000,000 | $400,000 |
| Expenses | $230,280 | $430,309 | $328,208 |
| Qualifying Distributions | $230,000 | $430,000 | $328,000 |
| Net Investment Income | — | — | — |
| Distributable Amount | $28,530 | $14,512 | $6,799 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
7 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Chabad Lubavitch on the H ($180,000), HSF Rescue Inc ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CHABAD LUBAVITCH ON THE H fort lee, NJ | support for the high holidays | $180,000 |
| HSF Rescue Inc North Miami, FL | General fund | $50,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| alex solovey | trustee | — | — |
| alla solovey | trustee | — | — |
| daniella solovey | trustee | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Solovey Family Foundation Inc?
The Solovey Family Foundation Inc is a private foundation focused on Human Services, based in MELVILLE, NY. It holds $411K in total assets as of 2024.
How large is The Solovey Family Foundation Inc?
As of 2024, The Solovey Family Foundation Inc holds $411K in total assets. It awarded 2 grants totaling $230K in 2024.
Where does The Solovey Family Foundation Inc operate?
The Solovey Family Foundation Inc has awarded grants in Florida, New Jersey, New York.
What size grants does The Solovey Family Foundation Inc award?
In 2024, The Solovey Family Foundation Inc awarded 2 grants totaling $230K — an average of about $115K per grant, based on its IRS Form 990 filings.
How much is The Solovey Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Solovey Family Foundation Inc reported a distributable amount of $29K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Solovey Family Foundation Inc's EIN?
The Solovey Family Foundation Inc's EIN (Employer Identification Number) is 87-4778221. IRS Form 990 filing data is available on this page for 2022–2024.
Explore Open Grants
Browse active grant opportunities in The Solovey Family Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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