Summit Foundation
THE FOUNDATION SEEKS TO FURTHER THE KINGDOM OF GOD BY SUPPORTING BENEFICIARY ORGANIZATIONS AS AN INTEGRAL PART OF THE EVANGELICAL PURPOSES OF THE BENEFICIARY ORGANIZATIONS AND THE WORLDWIDE EVANGELICAL CHRISTIAN MISSIONS AND ACTIVITIES BEING CARRIED ON BY THE BENEFICIARY ORGANIZATIONS.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$77.4M
+1471.3% YoY
Revenue
$104.3M
-76.7% YoY
Net Investment Income
$1.0M
+30.3% YoY
Expenses
$43K
-100.0% YoY
About Summit Foundation
Based on IRS filings
Summit Foundation is a nonprofit organization, based in CHARLOTTE, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $77.4M in total assets. Net investment income was $1.0M.
Ready to take the next step with Summit Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $77,373,055 | $4,924,079 | $3,995,741 |
| Revenue | $104,295,775 | $447,080,568 | $100,005 |
| Expenses | $43,309 | $446,711,946 | $112,362 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $1,016,775 | $780,568 | $100,005 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
14 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RENE PALACIO | PRESIDENT & Director | 1 | — |
| FRED ELY | SECRETARY & TREASURER | 2 | — |
| RONALD WILLIAMS | Director | 1 | — |
Frequently Asked Questions
How large is Summit Foundation?
As of 2024, Summit Foundation holds $77.4M in total assets with $104.3M in annual revenue.
Where does Summit Foundation operate?
Summit Foundation has awarded grants in California, Colorado, Florida, Illinois, North Carolina, Texas, Virginia.
What is Summit Foundation's EIN?
Summit Foundation's EIN (Employer Identification Number) is 30-0595477. 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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