Summit Foundation
Summit Foundation is a private foundation, 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.
Summit Foundation at a glance
In short: Summit Foundation gave $17K across 2 grants in 2024 (avg $8K), mostly in North Carolina. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $16,872
- +382.1% vs 2023
- Grants made (2024)
- 2
- +100.0% vs 2023
- Average grant
- $8,436
- +141.0% vs 2023
- Median grant
- $8,436
- Total assets
- $3,292
- -74.1% vs 2023
- Primary geography
- North Carolina (89% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Summit Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was Ashville Hurricane Relief ($15K). Together the top 2 received $17K.
Grant Size Distribution
11 grants across all recorded years
The most common grant size was under $50K: 11 grants of 11 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
States
Cities
How Summit Foundation gives
- Giving grew 262% from 2021 to 2024. Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $1K (2022) to $17K (2024). In 2024 it made 2 grants totaling $17K.
Grants by year
Grant recipients and amounts by year
| 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 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2024 | $3,292 | $7,478 | $16,907 | $16,872 | 2 | $16,872 | $496 |
| 2023 | $12,721 | $200 | $3,507 | $3,500 | 1 | $3,500 | $777 |
| 2022 | $16,028 | $50 | $1,124 | $1,025 | 1 | $1,025 | $834 |
| 2021 | $17,102 | $50 | $4,892 | $4,667 | 3 | $4,667 | $1,033 |
| 2020 | $21,944 | $30,250 | $10,154 | $10,147 | 4 | — | $625 |
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.
Leadership & Key People
Officers and directors from IRS filings
Summit Foundation's 2024 filing lists 3 officers; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Christopher Eng
Director
On filings since 2020
3 hrs/week
No compensation reported
Jonathan Stanner
Director
On filings since 2020
3 hrs/week
No compensation reported
Molly Primm
Director
Secretary → Vice President, 2021
Vice President → Director, 2022
On filings since 2020
3 hrs/week
No compensation reported
Former officers (3)
- Former: Dana Cipollone (2020–2021) — Secretary
- Former: Daniel Hansen (2020–2021) — Director - President
- Former: Zachary Meyer (2020–2021) — Treasurer
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 Foundation
How much does Summit Foundation give each year?
Summit Foundation gave $17K across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $4K across 1 grant.
How large is Summit Foundation?
Summit Foundation reported $3K in total assets on its 2024 IRS Form 990-PF. It paid out $17K in qualifying distributions that year, against a required minimum of $496 (roughly 5% of its investment assets).
Where does Summit Foundation operate?
Summit Foundation has awarded grants in North Carolina, Texas.
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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Summit Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Summit Foundation's focus areas in our free grants database
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