Silver Mountain Foundation for the Arts

MORRISTOWN, NJ EIN: 13-3157286

Silver Mountain Foundation for the Arts is a private foundation based in Morristown, New Jersey. Established in 1983, the foundation was founded by Donald Gummer, a renowned sculptor, and Meryl Streep Gummer, an acclaimed actress. The foundation operates as a 501(c)(3) private foundation with no employees.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$15.8M

-7.4% YoY

Annual Giving

$1.7M

-4.2% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$24K

-4.2% YoY

Under IRS private-foundation payout rules, Silver Mountain Foundation for the Arts reported a distributable amount of $1.1M for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation provides grants primarily in the following areas:

Arts
Education
Health Care
Human Services

Grantmaking

The foundation made 58 grants totaling approximately $1.5 million in recent reporting periods.

Grant Range

$500 to $1,000,000

Average Grant

$17,800

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Geographic Focus

Where this funder awards grants

The foundation's grantmaking focuses primarily on New York, Connecticut, and California.

Grant Distribution by State

New York $2.8M (39%)

California $1.8M (26%)

Illinois $1.0M (14%)

Connecticut $413K (6%)

Virginia $365K (5%)

District of Columbia $200K (3%)

Massachusetts $174K (2%)

Maryland $104K (1%)

+6 more states

States

Alabama California Connecticut District of Columbia Iowa Illinois Indiana Massachusetts Maryland North Carolina New Jersey New York Rhode Island Virginia

Cities

AlbanyAlexandriaArlingtonBaltimoreBeverly HillsBloomingtonBooneBostonCambridgeChicagoCornwall BridgeDanburyDurhamFairfieldFalls VillageFredoniaGreat BarringtonHartfordLakevilleLos Angeles

Financial History

Multi-year comparison from IRS filings

As of 2024:

Total Assets: $15,848,368
Total Revenues: $710,431
Total Expenses: $1,966,981
Total Giving: $1,663,500

Contact Information:

Phone: 973-525-1000
Address: Morristown, NJ
EIN: 13-3157286

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$15,848,368	$17,114,814	$18,555,414
Revenue	$710,431	$544,896	$1,512,775
Expenses	$1,966,981	$1,998,236	$1,722,110
Qualifying Distributions	$1,663,500	$1,736,000	$1,462,000
Net Investment Income	$406,966	$285,680	$261,859
Distributable Amount	$1,099,356	$1,030,307	$1,018,112

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

250 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Npr ($80,000), Planned Parenthood Federation Of America ($50,000), Salisbury Housing Committee ($50,000).

Recipient	Purpose	Amount
Berkshire Taconic Community Foundation Great Barrington, MA	GENERAL PURPOSES - OTHER	$5,000
Broadway CaresEquity Fights Aids Inc New York, NY	GENERAL PURPOSES - Social Welfare	$2,000
Capital & Main Los Angeles, CA	GENERAL PURPOSES - Social Welfare	$20,000
Cary Institute Of Eco-System Studies Millbrook, NY	GENERAL PURPOSES - Environmental	$500
Christopher Reeve Foundation Springfield, NJ	GENERAL PURPOSES - HEALTHCARE	$2,000
City Meals On Wheels New York, NY	GENERAL PURPOSES - Social Welfare	$10,000
Coalition for the Homeless New York, NY	GENERAL PURPOSES - Social Welfare	$5,000
Columbia Graduate School of Journalism New York, NY	GENERAL PURPOSES - EDUCATION	$20,000
Congregational Church Of Salisbury Salisbury, CT	GENERAL PURPOSES - RELIGION	$1,000
Connecticut Farmland Trust Hartford, CT	GENERAL PURPOSES - Environmental	$2,000

Leadership & Key People

Leadership team and compensation from IRS filings

Trustees:

John P. Simon
M.S. Gummer

Staff:

Michael T. Oliveri, Chief Financial Officer and Treasurer

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
JOHN P SIMON	TRUSTEE / AS REQUIRED	—	—
MS GUMMER	TRUSTEE / AS REQUIRED	—	—
CHERYL M BROWN	ASSISTANT TREASURER AND VICE PRESIDENT	—	—
MICHAEL T OLIVERI	CHIEF FINANCIAL OFFICER AND TREASURER	—	—

Frequently Asked Questions

What does Silver Mountain Foundation for the Arts fund?

The foundation provides grants primarily in the following areas: • Arts • Education • Health Care • Human Services

How do I apply for a grant from Silver Mountain Foundation for the Arts?

**Grant Activity & Scale:** • Annual giving: Approximately $962,700 to $1.66 million in recent years • Number of grants: Approximately 82 grants annually • Typical grant range: $500 to $1,000,000 • Median grant size: $5,000 • Average grant size: $17,800 **Recent Grant Examples (2024):** • Save The Children Federation: $1,000,000 • Salisbury Housing Committee: $50,000 • Planned Parenthood Federation of America: $50,000 The foundation made 58 grants totaling approximately $1.5 million in recent r…

Where does Silver Mountain Foundation for the Arts make grants?

The foundation's grantmaking focuses primarily on New York, Connecticut, and California.

What size grants does Silver Mountain Foundation for the Arts award?

In 2024, Silver Mountain Foundation for the Arts awarded 69 grants totaling $1.7M — an average of about $24K per grant, based on its IRS Form 990 filings.

How much is Silver Mountain Foundation for the Arts required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Silver Mountain Foundation for the Arts reported a distributable amount of $1.1M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Silver Mountain Foundation for the Arts's EIN?

Silver Mountain Foundation for the Arts's EIN (Employer Identification Number) is 13-3157286. IRS Form 990 filing data is available on this page for 2020–2024.