Floyd & Garnet Summers Charitable Trust

Foundation · Grantmaker Muncie, IN EIN: 35-6646654

Floyd & Garnet Summers Charitable Trust is a private foundation, based in Muncie, IN. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $269K in total assets. In 2024, it awarded 6 grants totaling $18K. Net investment income was $19K.

Key facts about Floyd & Garnet Summers Charitable Trust

EIN: 35-6646654
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $17,817
Grants made (2024): 6
Average grant: $2,970
Median grant: $2,500
Total assets: $269,350
Primary geography: Indiana (100% of itemized 2024 grant dollars)

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

Who Floyd & Garnet Summers Charitable Trust funds

By grant dollars, the top recipient states for Floyd & Garnet Summers Charitable Trust's 6 itemized 2024 grants were Indiana (100%). The most frequent recipient cities were Winchester, IN (4 grants). 100% of grants with a stated purpose were for general or operating support.

How Floyd & Garnet Summers Charitable Trust gives

Giving held roughly steady from 2021 to 2024 (+17%). Method
In 2024 it paid out 132% of its IRS minimum distribution (the 5% rule). Method

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

Next steps with Floyd & Garnet Summers Charitable Trust

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$269K

-1.6% YoY

Annual Giving

$18K

+37.6% YoY

Grant Count

+100.0% YoY

Avg Grant Size

$3K

-31.2% YoY

Under IRS private-foundation payout rules, Floyd & Garnet Summers Charitable Trust reported a distributable amount of $18K for 2024 — the minimum it must pay out in qualifying distributions.

About Floyd & Garnet Summers Charitable Trust

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Indiana $18K (100%)

Share of all 6 itemized 2024 grant dollars.

States

Indiana

Cities

WinchesterLynnUnion CityFarmlandRidgevilleModoc

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$269,350	$273,783	$286,099
Revenue	$20,876	$7,558	$12,533
Expenses	$25,309	$19,870	$25,812
Qualifying Distributions	$23,868	$18,635	$22,258
Net Investment Income	$19,435	$6,323	$10,834
Distributable Amount	$18,116	$16,663	$17,176

Data update history

When this profile's IRS filing data changed on Grantable

March 2, 2026 IRS filings on file for fiscal years 2019–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 6 recipients in 2024

Grant Size Distribution

23 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Fountain Park Cemetery Association ($5,850), Community Foundation of Randolph County ($5,000), Lynn Community Food Pantry ($3,000).

Recipient	Purpose	Amount
FOUNTAIN PARK CEMETERY ASSOCIATION Winchester, IN	GENERAL OPERATIONS	$5,850
Community Foundation of Randolph County Winchester, IN	GENERAL OPERATIONS	$5,000
LYNN COMMUNITY FOOD PANTRY Lynn, IN	GENERAL OPERATIONS	$3,000
Cancer Services of Randolph County Winchester, IN	GENERAL OPERATIONS	$2,000
Historic Farmland Farmland, IN	GENERAL OPERATIONS	$1,260
Winchester Main Street Winchester, IN	GENERAL OPERATIONS	$707

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2023 IRS filing

Name	Title	Hours	Compensation
First Merchants Private Wealth Advr	Trustee	1	$4,014

Frequently Asked Questions

How large is Floyd & Garnet Summers Charitable Trust?

As of 2024, Floyd & Garnet Summers Charitable Trust holds $269K in total assets with $21K in annual revenue. It awarded 6 grants totaling $18K in 2024.

Where does Floyd & Garnet Summers Charitable Trust operate?

Floyd & Garnet Summers Charitable Trust has awarded grants in Indiana.

What size grants does Floyd & Garnet Summers Charitable Trust award?

In 2024, Floyd & Garnet Summers Charitable Trust awarded 6 grants totaling $18K — an average of about $3K per grant, based on its IRS Form 990 filings.

How much is Floyd & Garnet Summers Charitable Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Floyd & Garnet Summers Charitable Trust reported a distributable amount of $18K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Floyd & Garnet Summers Charitable Trust's EIN?

Floyd & Garnet Summers Charitable Trust's EIN (Employer Identification Number) is 35-6646654. IRS Form 990 filing data is available on this page for 2019–2024.