NonprofitsSolti Foundation

Public Foundations

Solti Foundation

CHICAGO, IL

Total revenue

$269K

Total expenses

$258K

Net assets

$790K

Grants received

$127K

34 grants

EIN

300004328

Tax year

2024

Mission

The Solti Foundation U.S. was established after the 1997 death of Sir Georg Solti. Its mission is to assist talented young American musicians at the start of their professional careers. It has made annual grants to awardees since 2003.

Programs

1 program

About The Solti Foundation U.SNow in its 24th year working with outstanding young U.S. conductors to further develop their talent and careers, The Solti Foundation U.S. is the foremost organization in the United States dedicated exclusively to helping young conductors. It is the first organization to have created an award in the legendary conductors honor.Established in 2000, the Foundation honors the memory of the legendary conductor Sir Georg Solti by lending significant support to career-ready young American musicians. In 2004, the Foundation concentrated the focus of its award program to solely assist talented young American conductors early in their professional careers (its original mission was of a more general arts nature). Since then, it has awarded over 1.5 million dollars through grants and residencies to American conductors.The Foundation endeavors to seek out those musicians who have chosen to follow a path similar to that followed by Sir Georg himself. In keeping with the spirit of Sir Georgs active approach to his career, young conductors must apply to be considered for the awards.While dedicated to identifying and assisting young conductors early on, the Foundation is also concerned with the long-term development of its award recipients. It continues to offer support, and maintains a constant interest in their growth and achievements.The Foundation currently awards the following grants annually:The Sir Georg Solti Conducting AwardThe largest grant currently given to American conductors in the formative years of their careers, the prestigious $30,000 grant is given annually to a single promising American conductor 38 years of age or younger. The Award, also known as The Solti Fellow, includes door-opening introductions, ongoing professional mentoring, and introductions to two of Chicagos most prestigious performing organizations: Lyric Opera of Chicago and Chicago Symphony Orchestra.The Solti Foundation U.S. Career Assistance AwardThe amount of the Career Assistance Awards varies.The Elizabeth Buccheri Opera Residency ProgramIntroduced in 2014, the program places former award recipients with a distinguished opera house for one-on-one mentoring and coaching of an opera during the companys professional season. Over 20 residencies have been awarded, and recipients have worked with numerous stellar opera companies renowned for their artistic excellence across the country. Companies include the Lyric Opera of Chicago, Washington National Opera, Florentine Opera Company in Milwaukee, North Carolina Opera, Opera Theatre of St. Louis, Michigan Opera Theatre and Opera Southwest. Conductors cannot apply but are instead selected by the Artistic and Awards Committee. Recent 2023 residencies were awarded to Dean Whiteside at Lyric Opera of Chicago, Nathaniel Efthimiou at Opera Southwest, and Tiffany Chang at Washington National Opera.The Solti Foundation U.S. is the only American Foundation to grant these kinds of awards each year to young American conductors. Only citizens or permanent residents of the United States who are career-ready artists in the field of conducting are eligible to apply.Individuals applying for a Solti Foundation U.S. award must be able to demonstrate that they are developing a career as a symphonic/operatic conductor. All applications from The Sir Georg Solti Conducting Award are considered for a Solti Foundation U.S. Career Assistance Award. Applications are reviewed by an awards committee comprised of a panel of professionals with broad musical and conducting experience. The Foundation reserves the right to withhold a grant in any given year if the Awards Committee does not find suitable applicants in one or more of the various award categories.

Financials

FY 2024

Revenue

Contributions & grants$161K
Program service revenue
Investment income$108K
Other revenue
Total revenue$269K

Expenses

Grants paid$125K
Salaries & benefits$48K
Fundraising$551
Other expenses$84K
Total expenses$258K
Total assets$794K
Net assets$790K

People

2 listed

NameRoleCompensation

See attached list

Directors

Board

0

See attached list

Officers

Board

0

Grants received

Showing 34 of 34

FromAmountPurposeYear
$10K
GENERAL OPERATIONS
2024
$5K
GENERAL PURPOSES
2024
$3K
Unrestricted
2024
$6K
GENERAL OPERATIONS
2023
$5K
GENERAL PURPOSES
2023
$5K
UNRESTRICTED SUPPORT FOR US CONDUCTORS
2023
$1K
Unrestricted
2023
$500
OPERATING FUNDS
2023
$6K
GENERAL OPERATIONS
2022
$5K
GENERAL PURPOSES
2022
$3K
UNRESTRICTED SUPPORT FOR US CONDUCTORS
2022
$3K
Unrestricted
2022
$5K
GENERAL PURPOSES
2021
$5K
GENERAL SUPPORT
2021
$1K
Unrestricted
2021
$500
OPERATING FUNDS
2021
$5K
PUBLIC, SOCIETAL BENEFIT
2020
$5K
GENERAL PURPOSES
2020
$5K
GENERAL UNRESTRICTED
2020
$2K
GENERAL OPERATIONS
2020
$1K
GENERAL OPERATING SUPPORT
2020
$750
Unrestricted
2020
$500
CHARITABLE CONTRIBUTION
2020
$5K
GENERAL PURPOSES
2019
$5K
GENERAL PURPOSES
2018

Funded by

$127K from 16 funders · 34 grants · 2018–2024

Julian Family Foundation

$35K · 7 grants · 2018–2024

Sargent Family Foundation

$24K · 4 grants · 2020–2024

John Kurtich Foundation For

$15K · 3 grants · 2021–2023

Anglo-American Charitable

$13K · 2 grants · 2023–2024

JS Charitable Trust

$8K · 5 grants · 2020–2024

The Donna L Kendall Foundation

$8K · 2 grants · 2022–2023

Details

EIN300004328
NTEE codeT30
Subsection03
Ruling date2002-07
Formed2000
Employees1
Volunteers30
SOLTI FOUNDATION — Mission, Financials & Grants Received | Grantivo