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Also known as: FOUNDATION INC
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Charles L & Clara L Solomon Foundation is a private corporation based in OWINGS MILLS, MD. The foundation received its IRS ruling in 2001. The principal officer is Fedder & Garten P A. It holds total assets of $358K. Annual income is reported at $45K. The foundation is governed by 3 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. Tax records are available from 2020 to 2023. According to available records, Charles L & Clara L Solomon Foundation has made 15 grants totaling $59K, with a median grant of $5K. Annual giving has grown from $6K in 2020 to $11K in 2023. Grantmaking activity was highest in 2022 with $28K distributed across 8 grants. Individual grants have ranged from $200 to $8K, with an average award of $4K. The foundation has supported 4 unique organizations. Grants have been distributed to organizations in Maryland and New York. Contributions to this foundation are tax-deductible.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Charles L & Clara L Solomon Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 15 grants. Its grantmaking reaches organizations primarily in MD, NY.
Charles L & Clara L Solomon Foundation has distributed a total of $59K across 15 grants. The median grant size is $5K, with an average of $4K. Individual grants have ranged from $200 to $8K.
Grants are made only to tax exempt organizations and may not involve capital fund raising programs or political activities.
Charles L & Clara L Solomon Foundation is headquartered in OWINGS MILLS, MD. While based in MD, the foundation distributes grants to organizations across 2 states.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Jeffrey Abarbanel | PRESIDENT | $0 | $0 | N/A |
| Joel Matz | TREASURER | $0 | $0 | N/A |
| Jay Abarbanel | SECRETARY | $0 | $0 | N/A |
Total Giving
$21K
Total Assets
$326K
Fair Market Value
$396K
Net Worth
$326K
Grants Paid
$11K
Contributions
N/A
Net Investment Income
$41K
Distribution Amount
$16K
Total Grants
15
Total Giving
$59K
Average Grant
$4K
Median Grant
$5K
Unique Recipients
4
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Beth El SynagogueRELIGIOUS | Baltimore, MD | $7K | 2023 |
| Associated Jewish CharitiRELIGIOUS | Baltimore, MD | $4K | 2023 |
| Friends Of Israel Defense ForcesRELIGIOUS | New York, NY | $600 | 2022 |
| ChanaRELIGIOUS | Pikesville, MD | $200 | 2022 |
BALTIMORE, MD
OWINGS MILLS, MD
HANOVER, MD