Summit Financial Foundation
Summit Financial Foundation is a private foundation based in Wilmington, Delaware. Its 2024 filing reports grants to charitable organizations, with most grant dollars going to recipients in California.
Summit Financial Foundation at a glance
In short: Summit Financial Foundation gave $14K across 21 grants in 2024 (avg $679.524), mostly in California. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $14,270
- -13.5% vs 2023
- Grants made (2024)
- 21
- +5.0% vs 2023
- Average grant
- $680
- -17.6% vs 2023
- Median grant
- $500
- Total assets
- $248,467
- +26.4% vs 2023
- Primary geography
- California (88% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
How to apply to Summit Financial Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation does not accept unsolicited requests for funds and makes contributions only to preselected charitable organizations.
- Contact
Mailing address: Foundation Source 501 Silverside Rd, Wilmington, DE 19809-1377
Phone: (800) 839-1754
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Summit Financial Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Girls Incorporated of Alameda County ($5K). Together the top 10 received $12K.
Grant Size Distribution
68 grants across all recorded years
The most common grant size was under $50K: 68 grants of 68 (100%).
Geographic Focus
Where this funder awards grants
In 2024, 88% of grant dollars went to recipients in California. The remaining grant dollars went to recipients in Tennessee (4%), Oregon (2%), Michigan (2%), and Arkansas (2%).
Grant Distribution by State
Share of 2024 grant dollars across all 21 itemized grants.
States
Cities
How Summit Financial Foundation gives
- 30% of 2024 grantees were also funded in 2023. Method
- Giving grew 78% from 2021 to 2024. Method
- In 2024 it paid out 231% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $8K (2021) to $18K (2020). In 2024 it made 21 grants totaling $14K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Girls Incorporated of Alameda County Oakland, CA | Charitable Event | $5,000 |
| Diablo Valley Veterans Foundation Danville, CA | General & Unrestricted | $1,000 |
| Mewater Foundation Incorporated San Francisco, CA | General & Unrestricted | $1,000 |
| Monterey Bay Aquarium Foundation Monterey, CA | General & Unrestricted | $1,000 |
| Three Valleys Community Foundation Pleasanton, CA | General & Unrestricted | $900 |
| 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 |
| Lazarex Cancer Foundation Danville, CA | General & Unrestricted | $500 |
| Rooms of Hope Inc San Ramon, CA | Charitable Event | $500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $248,467 | $74,486 | $22,630 | $14,270 | 21 | $22,098 | $51,530 | $9,577 |
| 2023 | $196,611 | $14,614 | $24,627 | $16,500 | 20 | $24,175 | $4,462 | $8,920 |
| 2022 | $206,624 | $40,152 | $22,101 | $13,608 | 18 | $21,158 | $12,120 | $7,822 |
| 2021 | $188,573 | $73,920 | $8,326 | $8,000 | 4 | $8,025 | $43,392 | $7,220 |
| 2020 | $122,979 | $32,488 | $18,220 | $18,000 | 5 | — | $6,028 | $5,571 |
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.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grantees include organizations whose stated missions involve supporting girls, at-risk youth, ocean conservation, community needs, families with children facing serious illnesses, children in crisis, and pediatric disease research and treatment. For example, Girls Incorporated of Alameda County says it seeks to inspire girls to be strong, smart, and bold through developmentally appropriate programs. The Monterey Bay Aquarium Foundation says its mission is to inspire ocean conservation.
Grantmaking
In 2024, the foundation reported 21 grants totaling $14,270. Grants ranged from $100 to $5,000, with a median grant of $500.
The largest reported grant was $5,000 to Girls Incorporated of Alameda County. Other notable grants included $1,000 each to Diablo Valley Veterans Foundation, MeWater Foundation Incorporated, and Monterey Bay Aquarium Foundation, and $900 to Three Valleys Community Foundation. Rooms of Hope Inc. received two $500 grants, one listed for a charitable event and one for general and unrestricted purposes. Other listed $500 grants included Bay Area Crisis Nursery and St Jude Children’s Research Hospital.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Nathan Bennett, Kim Damiani, Kimberly Horikoshi, Brendan Noonan, and Steve Wilcox as directors. Kim Damiani is also listed as treasurer, and Steve Wilcox as president.
Summit Financial Foundation is led by Steve Wilcox, President & Director on every filing since 2021; none of the 5 officers listed in 2024 report compensation.
Officers on the 2024 filing
Steve Wilcox
President & Director
On filings since 2021
1 hr/week
No compensation reported
Nathan Bennett
Director
On filings since 2020
1 hr/week
No compensation reported
Brendan Noonan
Director
On filings since 2021
1 hr/week
No compensation reported
Kim Damiani
Director & Treasurer
Director → Director & Treasurer, 2023
On filings since 2021
1 hr/week
No compensation reported
Kimberly Horikoshi
Director
On filings since 2023
1 hr/week
No compensation reported
Former officers (5)
- Former: Teresa Hookey (2020–2023) — Director & Treasurer
- Former: Laurie Murthy (2023) — Director & Treasurer
- Former: Rachael Kepke (2020–2021) — Director & Vice President
- Former: Tami Miceli (2020–2021) — Director & Secretary
- Former: Vanessa Savage (2020–2021) — Director & President
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Summit Financial Foundation
How much does Summit Financial Foundation give each year?
Summit Financial Foundation gave $14K across 21 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $17K across 20 grants.
What is Summit Financial Foundation's typical grant size?
Summit Financial Foundation's median grant in 2024 was $500, and its average grant was $680, across 21 grants on its 2024 IRS Form 990-PF.
Where does Summit Financial Foundation give grants?
Summit Financial Foundation gives mostly in California: 88% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were San Francisco, CA (2 grants), Danville, CA (2 grants), Pleasanton, CA (2 grants) and San Ramon, CA (2 grants).
Does Summit Financial Foundation give general operating support?
Yes: 81% of Summit Financial Foundation's 2024 grants with a stated purpose (17 of 21) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Summit Financial Foundation's largest grantees?
Summit Financial Foundation's largest 2024 grantees include Girls Incorporated of Alameda County ($5,000), Diablo Valley Veterans Foundation ($1,000) and Mewater Foundation Incorporated ($1,000), according to its 2024 IRS Form 990-PF. Together they received 49% of its itemized 2024 grant dollars.
How large is Summit Financial Foundation?
Summit Financial Foundation reported $248K in total assets on its 2024 IRS Form 990-PF. It paid out $22K in qualifying distributions that year, against a required minimum of $10K (roughly 5% of its investment assets).
What does Summit Financial Foundation fund?
No mission statement for the foundation is provided. See mission & focus areas ↑
How do I apply for a grant from Summit Financial Foundation?
The foundation does not accept unsolicited requests for funds and makes contributions only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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.
Does Summit Financial Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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