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Private foundation (trust)EIN 582360568Est. 1998-04

somerset foundation inc

ATLANTA, GA 30327

Accepts unsolicited proposals

Total Assets

$5.6M

FY 2024

Annual Giving

$195K

FY 2024

Grants Made

28

FY 2024

Avg Grant

$7K

FY 2024

Grant Range

$1K–$20K

Typical

Deadlines

Open / rolling

Applications

Focus Areas

Private Grantmaking Foundations

Financial Snapshot

2024 filing

Total Revenue

$1.1M

Total Expenses

$223K

Qualifying Distributions

$195K

Distributable Amount

$242K

Min. Investment Return

$257K

Undistributed Income

$168K

Payout rate 81%Arc chart showing what share of IRS distributable amount was paid out as qualifying distributions in the latest filing.81%

Payout rate

Qualifying distributions as a share of distributable amount.

Grant Range

28 grants

Grant sizes from minimum $1K through median $4K to maximum $20K, shown on a logarithmic scale.

Logarithmic scale — typical grant portfolios span orders of magnitude, so distances are proportional to multiplicative change, not dollar gaps.

Giving Over Time

4 years

Giving over time from 2020 to 2024. Peak $195K in 2024. Hover bars for details.

Total dollars recorded per filing year. Scale adjusts to the foundation's range.

Top Recipients

73 grants

star-c communities
$72K
4 grants
ATLANTA YOUTH ACADEMY
$70K
4 grants
THE GOOD SAMARITAN HEALTH CENTER
$52K
4 grants
eagle ranch
$52K
4 grants
BEN FRANKLIN ACADEMY
$50K
4 grants
clifton sanctuary ministries
$50K
4 grants
child advocate network
$40K
3 grants
HEARTBOUND MINISTRIES
$32K
4 grants

Grant Size Distribution

73 grants

<$10K
53
grants
$10–50K
20
grants
$50–250K
$250K–1M
$1–5M
$5M+

Geographic Focus

4 states

Georgia
$601K
91% of total
North Carolina
$49K
7% of total
South Carolina
$5K
1% of total
Colorado
$5K
1% of total

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