The Solway Foundation

Private foundation · Grantmaker Fort Worth, TX EIN: 93-4824630

The Solway Foundation is a private foundation, based in Fort Worth, TX. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 7 grants totaling $50K. Net investment income was $18K.

Key facts about The Solway Foundation

In short: The Solway Foundation gave $50K across 7 grants in 2024 (avg $7K), mostly in Texas. Source: 2024 IRS Form 990-PF.

EIN
93-4824630
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$50,392
Grants made (2024)
7
Average grant
$7,199
Median grant
$5,000
Total assets
$1,061,111
Primary geography
Texas (55% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.1M

+5.8% YoY

Annual Giving

$50K

Grant Count

7

Avg Grant Size

$7K

Under IRS private-foundation payout rules, The Solway Foundation reported a distributable amount of $47K for 2024 — the minimum it must pay out in qualifying distributions.

How The Solway Foundation gives

  • In 2024 it paid out 106% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

2states

Share of 2024 grant dollars across all 7 itemized grants.

Cities

Fort WorthHoustonMemphis

Giving Over Time

Total grant dollars and number of grants per year

$0$20K$40K$60K0 grants2023 7 grants2024

In 2024 it made 7 grants totaling $50K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 7 recipients in 2024

St Jude: $22KSt Jude$22KThe Warm Place: $15KThe Warm Place$15KBroach Foundation: $5KBroach Foundation$5KPure Adeventure: $5KPure Adeventure$5KMcClean: $1KMcClean$1KDSPNT: $1KDSPNT$1KOverton Park: $1KOverton Park$1K

The largest 2024 recipient was St Jude ($22K). Together the top 7 received $50K.

Grant Size Distribution

7 grants across all recorded years

7<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 7 grants of 7 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
St Jude Memphis, TNCancer Treatment$22,463
The Warm Place Fort Worth, TXGrief Support$14,652
Broach Foundation Houston, TXCancer Treatment$5,000
Pure Adeventure Fort Worth, TXParental Connection Tools$5,000
McClean Fort Worth, TXEducation$1,158
DSPNT Fort Worth, TXDown Syndrome Research$1,119
Overton Park Fort Worth, TXEducation$1,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$500K$1M$1.5M2023 2024
Metric20242023
Total Assets$1,061,111$1,002,524
Revenue$50,567$1,042,371
Expenses$68,224$39,847
Qualifying Distributions$50,392$4,926
Net Investment Income$17,508—
Distributable Amount$47,495$305

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2023–2024

Leadership & Key People

Officers and directors from IRS filings

The Solway Foundation is led by David Buchanan, President on every filing since 2023; none of the 2 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • David Buchanan

    President

    On filings since 2023

    10 hrs/week

    No compensation reported

  • Kristin Buchanan

    Secretary & Treasurer

    On filings since 2023

    5 hrs/week

    No compensation reported

Data from IRS Form 990 filings, 2023–2024. "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 The Solway Foundation

How much does The Solway Foundation give each year?

The Solway Foundation gave $50K across 7 grants in 2024, according to its 2024 IRS Form 990-PF.

What is The Solway Foundation's typical grant size?

The Solway Foundation's median grant in 2024 was $5,000, and its average grant was $7,199, across 7 grants on its 2024 IRS Form 990-PF.

Where does The Solway Foundation give grants?

The Solway Foundation gives mostly in Texas: 55% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Tennessee (45%). The most frequent recipient cities were Fort Worth, TX (5 grants).

Does The Solway Foundation give general operating support?

Not in 2024: none of the 7 grants with a stated purpose on The Solway Foundation's 2024 IRS Form 990-PF were described as general or operating support.

Who are The Solway Foundation's largest grantees?

The Solway Foundation's largest 2024 grantees include St Jude ($22,463), The Warm Place ($14,652) and Broach Foundation ($5,000), according to its 2024 IRS Form 990-PF. Together they received 84% of its itemized 2024 grant dollars.

How large is The Solway Foundation?

The Solway Foundation reported $1.1M in total assets on its 2024 IRS Form 990-PF. It paid out $50K in qualifying distributions that year, against a required minimum of $47K (roughly 5% of its investment assets).

What is The Solway Foundation's EIN?

The Solway Foundation's EIN (Employer Identification Number) is 93-4824630. IRS Form 990 filing data is available on this page for 2023–2024.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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