Summit Financial Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $248K in total assets. In 2024, it awarded 21 grants totaling $14K. Net investment income was $52K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$248K
+26.4% YoY
Annual Giving
$14K
-13.5% YoY
Grant Count
21
+5.0% YoY
Avg Grant Size
$679.524
-17.6% YoY
Under IRS private-foundation payout rules, Summit Financial Foundation reported a distributable amount of $10K for 2024 — the minimum it must pay out in qualifying distributions.
About Summit Financial Foundation
Based on IRS filings
Summit Financial Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $248K in total assets. In 2024, it awarded 21 grants totaling $14K. Net investment income was $52K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $248,467 | $196,611 | $206,624 |
| Revenue | $74,486 | $14,614 | $40,152 |
| Expenses | $22,630 | $24,627 | $22,101 |
| Qualifying Distributions | $22,098 | $24,175 | $21,158 |
| Net Investment Income | $51,530 | $4,462 | $12,120 |
| Distributable Amount | $9,577 | $8,920 | $7,822 |
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
68 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Girls Incorporated of Alameda County ($5,000), Diablo Valley Veterans Foundation ($1,000), Mewater Foundation Incorporated ($1,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ANEURYSM FOUNDATION SAN FRANCISCO, CA | General & Unrestricted | $500 |
| BAY AREA CRISIS NURSERY CONCORD, CA | General & Unrestricted | $500 |
| CANINE COMPANIONS FOR INDEPENDENCE SANTA ROSA, CA | General & Unrestricted | $500 |
| CROSSWINDS CHURCH LIVERMORE, CA | Cranberry Sauce 2024 | $270 |
| DIABLO VALLEY VETERANS FOUNDATION DANVILLE, CA | General & Unrestricted | $1,000 |
| DOUGY CENTER INC PORTLAND, OR | General & Unrestricted | $250 |
| GIRLS INCORPORATED OF ALAMEDA COUNTY OAKLAND, CA | Charitable Event | $5,000 |
| GIRLS SOCCER WORLDWIDE LIVERMORE, CA | General & Unrestricted | $100 |
| HILLSDALE COLLEGE HILLSDALE, MI | General & Unrestricted | $250 |
| LAZAREX CANCER FOUNDATION DANVILLE, CA | General & Unrestricted | $500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Nathan Bennett | Dir | 1 | — |
| Kim Damiani | Dir, Treas | 1 | — |
| Kimberly Horikoshi | Dir | 1 | — |
| Brendan Noonan | Dir | 1 | — |
| Steve Wilcox | Pres, Dir | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Summit Financial Foundation?
Summit Financial Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. It holds $248K in total assets as of 2024.
How large is Summit Financial Foundation?
As of 2024, Summit Financial Foundation holds $248K in total assets with $74K in annual revenue. It awarded 21 grants totaling $14K in 2024.
Where does Summit Financial Foundation operate?
Summit Financial Foundation has awarded grants in Arkansas, Arizona, California, District of Columbia, Hawaii, Massachusetts, Michigan, Missouri, Nebraska, New York, Ohio, Oregon, Pennsylvania, Tennessee, Texas, Virginia.
What size grants does Summit Financial Foundation award?
In 2024, Summit Financial Foundation awarded 21 grants totaling $14K — an average of about $679.524 per grant, based on its IRS Form 990 filings.
How much is Summit Financial Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Summit Financial Foundation reported a distributable amount of $10K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Summit Financial Foundation's EIN?
Summit Financial Foundation's EIN (Employer Identification Number) is 81-3943622. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Summit Financial 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.
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