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.
Key facts about Redstone Summit Foundation
- EIN
- 76-0533496
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $23,440
- Grants made (2024)
- 12
- Average grant
- $1,953
- Median grant
- $470
- Total assets
- $141,451
- Primary geography
- Pennsylvania (43% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Redstone Summit Foundation funds
By grant dollars, the top recipient states for Redstone Summit Foundation's 12 itemized 2024 grants were Pennsylvania (43%), Minnesota (32%) and North Carolina (17%). The most frequent recipient cities were Cashiers, NC (4 grants). 8% of grants with a stated purpose were for general or operating support.
How Redstone Summit Foundation gives
- 50% of 2024 grantees were also funded in 2023. Method
- Giving grew 503% from 2021 to 2024. Method
- In 2024 it paid out 463% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Redstone Summit Foundation
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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
Share of all 12 itemized 2024 grant dollars.
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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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 recipients include Franklin & Marshall College ($10,000), Mayo Clinic ($7,500), Church of the Good Shepherd ($1,500).
| Recipient | Purpose | Amount |
|---|---|---|
| Franklin & Marshall College Lancaster, PA | Equipment for the athletic teams and music department | $10,000 |
| Mayo Clinic Rochester, MN | Medical research | $7,500 |
| 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 |
| Highlands Cashiers Health Foundation Highlands, NC | Support for local major health initiatives | $1,000 |
| Cashiers Cares Inc Cashiers, NC | Support for ten local, small 501(c)(3) charities | $500 |
| Blue Ridge School Education Foundation Inc Cashiers, NC | Materials, equipment, and support for the local K-12 school | $440 |
| Blue Ridge Mountains Health Project Inc Cashiers, NC | Dental care for low-income individuals in the local community | $400 |
| St Francis Episcopal Church Houston, TX | Outreach programs | $400 |
| Start the Adventure in Reading Inc New Orleans, LA | Reading materials | $300 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS 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.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.