Redstone Summit Foundation
Redstone Summit Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CASHIERS, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $141K in total assets. In 2024, it awarded 12 grants totaling $23K. Net investment income was $2K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$141K
+1.9% YoY
Annual Giving
$23K
+202.5% YoY
Grant Count
12
+71.4% YoY
Avg Grant Size
$2K
+76.4% YoY
Under IRS private-foundation payout rules, Redstone Summit Foundation reported a distributable amount of $6K for 2024 — the minimum it must pay out in qualifying distributions.
About Redstone Summit Foundation
Based on IRS filings
Redstone Summit Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CASHIERS, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $141K in total assets. In 2024, it awarded 12 grants totaling $23K. Net investment income was $2K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $141,451 | $138,832 | $114,224 |
| Revenue | $33,776 | $45,182 | $247 |
| Expenses | $31,157 | $20,575 | $7,445 |
| Qualifying Distributions | $29,020 | $7,750 | $5,300 |
| Net Investment Income | $1,639 | — | — |
| Distributable Amount | $6,263 | $5,299 | $5,756 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
35 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Franklin & Marshall College ($10,000), Mayo Clinic ($7,500), Church of the Good Shepherd ($1,500).
| Recipient | Purpose | Amount |
|---|---|---|
| Blue Ridge Mountains Health Project Inc Cashiers, NC | Dental care for low-income individuals in the local community | $400 |
| Blue Ridge School Education Foundation Inc Cashiers, NC | Materials, equipment, and support for the local K-12 school | $440 |
| Cashiers Cares Inc Cashiers, NC | Support for ten local, small 501(c)(3) charities | $500 |
| Church of the Good Shepherd Cashiers, NC | General support and outreach programs | $1,500 |
| Eagle Valley Family Assistance Fund Avon, CO | Interest-free loans for working class folks in the Vail-Edwards, Colorado area | $1,000 |
| First Tee - Central Carolina WNC Chapter (Golf Fore Fun Inc) Clemmons, NC | Teaches local kids the life values golf provides | $200 |
| Franklin & Marshall College Lancaster, PA | Equipment for the athletic teams and music department | $10,000 |
| Highlands Cashiers Health Foundation Highlands, NC | Support for local major health initiatives | $1,000 |
| Mayo Clinic Rochester, MN | Medical research | $7,500 |
| St Francis Episcopal Church Houston, TX | Outreach programs | $400 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| K T Snyder II | President | 10 | — |
| Karen G Snyder | Secretary/Treasurer | 1 | — |
| John R Boyer Jr | Director | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Redstone Summit Foundation?
Redstone Summit Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CASHIERS, NC. It holds $141K in total assets as of 2024.
How large is Redstone Summit Foundation?
As of 2024, Redstone Summit Foundation holds $141K in total assets with $34K in annual revenue. It awarded 12 grants totaling $23K in 2024.
Where does Redstone Summit Foundation operate?
Redstone Summit Foundation has awarded grants in Colorado, Georgia, Louisiana, Minnesota, North Carolina, Pennsylvania, South Carolina, Texas.
What size grants does Redstone Summit Foundation award?
In 2024, Redstone Summit Foundation awarded 12 grants totaling $23K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Redstone Summit Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Redstone Summit Foundation reported a distributable amount of $6K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Redstone Summit Foundation's EIN?
Redstone Summit Foundation's EIN (Employer Identification Number) is 76-0533496. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Redstone Summit Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.