Summit-kelly Foundation Inc is a private foundation focused on Education, based in BIRMINGHAM, AL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $294K in total assets. In 2024, it awarded 1 grants totaling $39K. Net investment income was $4K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$294K
-10.9% YoY
Annual Giving
$39K
-90.0% YoY
Grant Count
1
-50.0% YoY
Avg Grant Size
$39K
-80.1% YoY
Under IRS private-foundation payout rules, Summit-kelly Foundation Inc reported a distributable amount of $16K for 2024 — the minimum it must pay out in qualifying distributions.
About Summit-kelly Foundation Inc
Based on IRS filings
Summit-kelly Foundation Inc is a private foundation focused on Education, based in BIRMINGHAM, AL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $294K in total assets. In 2024, it awarded 1 grants totaling $39K. Net investment income was $4K.
Focus Areas
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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 | $294,316 | $330,498 | $722,975 |
| Revenue | $4,367 | $118 | $246 |
| Expenses | $40,549 | $392,595 | $134,033 |
| Qualifying Distributions | $39,000 | $391,500 | $134,000 |
| Net Investment Income | $4,269 | — | $213 |
| Distributable Amount | $15,604 | $18,733 | $40,122 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
10 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Crimson Tide Foundation ($39,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CRIMSON TIDE FOUNDATION TUSCALOOSA, AL | TO AID IN EXEMPT PURPOSE OF THE ORGANIZATION | $39,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KATHERINE MARIE PARMER | PRESIDENT | 1 | — |
| CARL PARMER | TREASURER | 1 | — |
| RUSSELL L IRBY III | SECRETARY | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Summit-kelly Foundation Inc?
Summit-kelly Foundation Inc is a private foundation focused on Education, based in BIRMINGHAM, AL. It holds $294K in total assets as of 2024.
How large is Summit-kelly Foundation Inc?
As of 2024, Summit-kelly Foundation Inc holds $294K in total assets with $4K in annual revenue. It awarded 1 grants totaling $39K in 2024.
Where does Summit-kelly Foundation Inc operate?
Summit-kelly Foundation Inc has awarded grants in Alabama, New York.
What size grants does Summit-kelly Foundation Inc award?
In 2024, Summit-kelly Foundation Inc awarded 1 grants totaling $39K — an average of about $39K per grant, based on its IRS Form 990 filings.
How much is Summit-kelly Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Summit-kelly Foundation Inc reported a distributable amount of $16K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Summit-kelly Foundation Inc's EIN?
Summit-kelly Foundation Inc's EIN (Employer Identification Number) is 84-3920024. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.