Summit Ov Foundation
Summit Ov Foundation is a private foundation, based in New York, NY. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $2.4M in total assets. In 2024, it awarded 6 grants totaling $318K. Net investment income was $51K.
Summit Ov Foundation at a glance
In short: Summit Ov Foundation gave $318K across 6 grants in 2024 (avg $53K), mostly in New York. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $317,500
- +7837.5% vs 2023
- Grants made (2024)
- 6
- +500.0% vs 2023
- Average grant
- $52,917
- +1222.9% vs 2023
- Median grant
- $11,250
- Total assets
- $2,438,357
- +43.2% vs 2023
- Primary geography
- New York (94% 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 Ov Foundation funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
The largest 2024 recipient was Food 1ST Foundation ($250K). Together the top 6 received $318K.
Grant Size Distribution
11 grants across all recorded years
The most common grant size was under $50K: 9 grants of 11 (82%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 6 itemized grants.
Cities
How Summit Ov Foundation gives
- In 2024 it paid out 384% of 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 2022 to 2024, annual grant giving ranged from $4K (2023) to $318K (2024). In 2024 it made 6 grants totaling $318K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Food 1ST Foundation New York, NY | General Support | $250,000 |
| Intrepid Museum Foundation New York, NY | General Support | $25,000 |
| Family Legal Care Inc Brooklyn, NY | General Support | $12,500 |
| Iaapa Foundation Orlando, FL | General Support | $10,000 |
| Syta Youth Foundation Inc Arlington, VA | General Support | $10,000 |
| NYC Hospitality Alliance Impact Foundation Inc New York, NY | General Support | $10,000 |
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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 | $2,438,357 | $1,120,428 | $353,508 | $317,500 | 6 | $353,508 | $50,909 | $92,163 |
| 2023 | $1,702,437 | $1,107,547 | $48,317 | $4,000 | 1 | $48,317 | — | $53,163 |
| 2022 | $643,207 | $716,773 | $253,792 | $219,830 | 4 | $253,792 | — | $14,875 |
| 2021 | $149,226 | $149,226 | — | — | — | — | — | — |
Under IRS private-foundation payout rules, Summit Ov Foundation reported a distributable amount of $92K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Summit Ov Foundation is led by Marc Holliday, Chairman since 2023 (on filings since 2021); none of the 6 officers listed in 2024 report compensation.
Officers on the 2024 filing
Marc Holliday
Chairman
President → Chairman, 2023
On filings since 2021
1 hr/week
No compensation reported
Stephen Rabinowitz
Director
On filings since 2023
1 hr/week
No compensation reported
Stuart Kotler
Director
On filings since 2023
1 hr/week
No compensation reported
Andrew S. Levine
Executive Vice President & Secretary
On filings since 2021
1 hr/week
No compensation reported
Matthew Diliberto
Treasurer
On filings since 2021
1 hr/week
No compensation reported
Laura Jackson
Vice President
On filings since 2022
1 hr/week
No compensation reported
Former officers (1)
- Former: Michael Barber (2021–2022) — Vice President
Data from IRS Form 990 filings, 2021–2024. "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 Ov Foundation
How much does Summit Ov Foundation give each year?
Summit Ov Foundation gave $318K across 6 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $4K across 1 grant.
What is Summit Ov Foundation's typical grant size?
Summit Ov Foundation's median grant in 2024 was $11,250, and its average grant was $52,917, across 6 grants on its 2024 IRS Form 990-PF.
Where does Summit Ov Foundation give grants?
Summit Ov Foundation gives mostly in New York: 94% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were New York, NY (3 grants).
Does Summit Ov Foundation give general operating support?
Yes: 100% of Summit Ov Foundation's 2024 grants with a stated purpose (6 of 6) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Summit Ov Foundation's largest grantees?
Summit Ov Foundation's largest 2024 grantees include Food 1ST Foundation ($250,000), Intrepid Museum Foundation ($25,000) and Family Legal Care Inc ($12,500), according to its 2024 IRS Form 990-PF. Together they received 91% of its itemized 2024 grant dollars.
How large is Summit Ov Foundation?
Summit Ov Foundation reported $2.4M in total assets on its 2024 IRS Form 990-PF. It paid out $354K in qualifying distributions that year, against a required minimum of $92K (roughly 5% of its investment assets).
What is Summit Ov Foundation's EIN?
Summit Ov Foundation's EIN (Employer Identification Number) is 87-3338349. IRS Form 990 filing data is available on this page for 2021–2024.
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 2021–2024
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