Summit Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in AUSTIN, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3K in total assets. In 2024, it awarded 2 grants totaling $17K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3K
-74.1% YoY
Annual Giving
$17K
+382.1% YoY
Grant Count
2
+100.0% YoY
Avg Grant Size
$8K
+141.0% YoY
Under IRS private-foundation payout rules, Summit Foundation reported a distributable amount of $496 for 2024 — the minimum it must pay out in qualifying distributions.
About Summit Foundation
Based on IRS filings
Summit Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in AUSTIN, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3K in total assets. In 2024, it awarded 2 grants totaling $17K.
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 | $3,292 | $12,721 | $16,028 |
| Revenue | $7,478 | $200 | $50 |
| Expenses | $16,907 | $3,507 | $1,124 |
| Qualifying Distributions | $16,872 | $3,500 | $1,025 |
| Net Investment Income | — | — | — |
| Distributable Amount | $496 | $777 | $834 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
11 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Ashville Hurricane Relief ($15,000), Susan G Komen ($1,872).
| Recipient | Purpose | Amount |
|---|---|---|
| Ashville Hurricane Relief Asheville, NC | cash donations to victims of the hurricane that hit Asheville | $15,000 |
| Susan G Komen Austin, TX | Cash donation to public charity | $1,872 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Jonathan Stanner | Director | 3 | — |
| Christopher Eng | Director | 3 | — |
| Molly Primm | Director | 3 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Summit Foundation?
Summit Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in AUSTIN, TX. It holds $3K in total assets as of 2024.
How large is Summit Foundation?
As of 2024, Summit Foundation holds $3K in total assets with $7K in annual revenue. It awarded 2 grants totaling $17K in 2024.
Where does Summit Foundation operate?
Summit Foundation has awarded grants in North Carolina, Texas.
What size grants does Summit Foundation award?
In 2024, Summit Foundation awarded 2 grants totaling $17K — an average of about $8K per grant, based on its IRS Form 990 filings.
How much is Summit Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Summit Foundation reported a distributable amount of $496 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Summit Foundation's EIN?
Summit Foundation's EIN (Employer Identification Number) is 83-0686909. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Summit 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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