The Sommerfield Foundation Inc

MOUNT VERNON, IN EIN: 83-1411961

The Sommerfield Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MOUNT VERNON, IN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2K in total assets. In 2024, it awarded 1 grants totaling $1K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$2K

+9.5% YoY

Annual Giving

$1K

Grant Count

Avg Grant Size

$1K

Under IRS private-foundation payout rules, The Sommerfield Foundation Inc reported a distributable amount of $79 for 2024 — the minimum it must pay out in qualifying distributions.

About The Sommerfield Foundation Inc

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

Ready to take the next step with The Sommerfield Foundation Inc?

Assess fit for your org Draft an LOI Find open RFPs

Geographic Focus

Where this funder awards grants

Grant Distribution by State

Indiana $1K (100%)

States

Indiana

Cities

Mt Vernon

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,684	$1,538	$777
Revenue	$1,496	$2,561	$1,700
Expenses	$1,350	$1,800	$2,150
Qualifying Distributions	$1,000	$1,600	$1,500
Net Investment Income	—	—	—
Distributable Amount	$79	$57	$61

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

1 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include St Matthew Early Education Endowment ($1,000).

Recipient	Purpose	Amount
ST MATTHEW EARLY EDUCATION ENDOWMENT MT VERNON, IN	EDUCATION	$1,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
LAURA SOMMERFIELD	BOARD MEMBER	1	—
PAUL SOMMERFIELD	BOARD MEMBER	1	—
THOMAS SOMMERFIELD	PRESIDENT	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is The Sommerfield Foundation Inc?

The Sommerfield Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MOUNT VERNON, IN. It holds $2K in total assets as of 2024.

How large is The Sommerfield Foundation Inc?

As of 2024, The Sommerfield Foundation Inc holds $2K in total assets with $1K in annual revenue. It awarded 1 grants totaling $1K in 2024.

Where does The Sommerfield Foundation Inc operate?

The Sommerfield Foundation Inc has awarded grants in Indiana.

What size grants does The Sommerfield Foundation Inc award?

In 2024, The Sommerfield Foundation Inc awarded 1 grants totaling $1K — an average of about $1K per grant, based on its IRS Form 990 filings.

How much is The Sommerfield Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Sommerfield Foundation Inc reported a distributable amount of $79 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is The Sommerfield Foundation Inc's EIN?

The Sommerfield Foundation Inc's EIN (Employer Identification Number) is 83-1411961. IRS Form 990 filing data is available on this page for 2020–2024.