Silver Mountain Foundation for the Arts
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
69
+0.0% YoY
Avg Grant Size
$24K
-4.2% YoY
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
States
Cities
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
| 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
No grants recorded for .
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 | — | — |
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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