Floyd & Garnet Summers Charitable Trust
Floyd & Garnet Summers Charitable Trust is a private foundation, based in Muncie, IN. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $267K in total assets. In 2025, it awarded 4 grants totaling $19K. Net investment income was $23K.
Floyd & Garnet Summers Charitable Trust at a glance
In short: Floyd & Garnet Summers Charitable Trust gave $19K across 4 grants in 2025 (avg $5K), mostly in Indiana. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $19,011
- +6.7% vs 2024
- Grants made (2025)
- 4
- -33.3% vs 2024
- Average grant
- $4,753
- +60.1% vs 2024
- Median grant
- $4,250
- Total assets
- $266,961
- -0.9% vs 2024
- Primary geography
- Indiana (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
Who Floyd & Garnet Summers Charitable Trust funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was Fountain Park Cemetery Association ($8K). Together the top 4 received $19K.
Grant Size Distribution
21 grants across all recorded years
The most common grant size was under $50K: 21 grants of 21 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
States
Cities
How Floyd & Garnet Summers Charitable Trust gives
- Giving held roughly steady from 2022 to 2025 (+16%). Method
- In 2025 it paid out 133% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $13K (2023) to $52K (2020). In 2025 it made 4 grants totaling $19K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Fountain Park Cemetery Association Winchester, IN | General Operations | $7,500 |
| Cardinal Greenway Inc Muncie, IN | General Operations | $5,000 |
| Community Foundation of Randolph County Winchester, IN | General Operations | $3,500 |
| Preservation Society of Union City Union City, IN | General Operations | $3,011 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $266,961 | $24,791 | $27,180 | $19,011 | 4 | $25,281 | $23,243 | $19,018 |
| 2024 | $269,350 | $20,876 | $25,309 | $17,817 | 6 | $23,868 | $19,435 | $18,116 |
| 2023 | $273,783 | $7,558 | $19,870 | $12,950 | 3 | $18,635 | $6,323 | $16,663 |
| 2022 | $286,099 | $12,533 | $25,812 | $16,426 | 6 | $22,258 | $10,834 | $17,176 |
| 2021 | $299,378 | $32,122 | $21,930 | $15,224 | 2 | $20,288 | $30,924 | $18,098 |
| 2020 | $289,186 | $30,970 | $58,565 | $52,000 | 6 | — | $29,833 | $17,941 |
| 2019 | $316,781 | $16,807 | $28,315 | $21,176 | 10 | — | $15,611 | $18,999 |
Under IRS private-foundation payout rules, Floyd & Garnet Summers Charitable Trust reported a distributable amount of $19K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Floyd & Garnet Summers Charitable Trust's only listed officer is First Merchants Private Wealth Advi ORS, Trustee on every filing since 2024 (compensated).
Officers on the 2025 filing
First Merchants Private Wealth Advi ORS
Trustee
On filings since 2024
1 hr/week
$4K (2024) → $5K (2025)
Former officers (1)
- Former: First Merchants Private Wealth Advr (2019–2023) — Trustee
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $5K, to First Merchants Private Wealth Advi ORS (Trustee).
Frequently asked questions about Floyd & Garnet Summers Charitable Trust
How much does Floyd & Garnet Summers Charitable Trust give each year?
Floyd & Garnet Summers Charitable Trust gave $19K across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $18K across 6 grants.
What is Floyd & Garnet Summers Charitable Trust's typical grant size?
Floyd & Garnet Summers Charitable Trust's median grant in 2025 was $4,250, and its average grant was $4,753, across 4 grants on its 2025 IRS Form 990-PF.
Where does Floyd & Garnet Summers Charitable Trust give grants?
Floyd & Garnet Summers Charitable Trust gives mostly in Indiana: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Winchester, IN (2 grants).
Does Floyd & Garnet Summers Charitable Trust give general operating support?
Yes: 100% of Floyd & Garnet Summers Charitable Trust's 2025 grants with a stated purpose (4 of 4) were for general or operating support, per its 2025 IRS Form 990-PF.
How large is Floyd & Garnet Summers Charitable Trust?
Floyd & Garnet Summers Charitable Trust reported $267K in total assets on its 2025 IRS Form 990-PF. It paid out $25K in qualifying distributions that year, against a required minimum of $19K (roughly 5% of its investment assets).
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 2019–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS June 1, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 13, 2026)
- IRS filings on file for fiscal years 2019–2024
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