The Summer Isle Foundation
The Summer Isle Foundation is a private foundation, based in Woburn, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $37.0M in total assets. In 2024, it awarded 2 grants totaling $650K. Net investment income was $461K.
The Summer Isle Foundation at a glance
In short: The Summer Isle Foundation gave $650K across 2 grants in 2024 (avg $325K), mostly in Massachusetts. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $650,000
- +8.3% vs 2023
- Grants made (2024)
- 2
- +0.0% vs 2023
- Average grant
- $325,000
- +8.3% vs 2023
- Median grant
- $325,000
- Total assets
- $37,031,553
- +115.6% vs 2023
- Primary geography
- Massachusetts (100% 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 The Summer Isle Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was Lawrence Academy ($500K). Together the top 2 received $650K.
Grant Size Distribution
10 grants across all recorded years
The most common grant size was in the $100–250K range: 5 grants of 10 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
States
Cities
How The Summer Isle Foundation gives
- Giving grew 30% from 2021 to 2024. Method
- In 2024 it paid out 59% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 $450K (2020) to $650K (2024). In 2024 it made 2 grants totaling $650K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Lawrence Academy Groton, MA | To Promote Its Charitable Purpose | $500,000 |
| Boston Children's Hospital Boston, MA | To Promote Its Charitable Purpose | $150,000 |
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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 | $37,031,553 | $20,624,830 | $771,073 | $650,000 | 2 | $650,000 | $460,871 | $1,098,103 |
| 2023 | $17,177,478 | $11,828,879 | $729,985 | $600,000 | 2 | $600,000 | $5,006,400 | $652,482 |
| 2022 | $10,705,820 | $562,564 | $588,710 | $525,000 | 2 | $525,000 | $300,211 | $586,848 |
| 2021 | $10,911,658 | $2,836,638 | $567,017 | $500,000 | 1 | $500,000 | $1,376,521 | $561,348 |
| 2020 | $9,914,622 | $1,382,275 | $491,242 | $450,000 | 3 | — | $678,235 | $497,204 |
Under IRS private-foundation payout rules, The Summer Isle Foundation reported a distributable amount of $1.1M for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Summer Isle Foundation's 2024 filing lists 2 officers; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Deborah A. Barnes
Trustee
On filings since 2020
No compensation reported
Steven W. Barnes
Trustee
On filings since 2020
No compensation reported
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 The Summer Isle Foundation
How much does The Summer Isle Foundation give each year?
The Summer Isle Foundation gave $650K across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $600K across 2 grants.
How large is The Summer Isle Foundation?
The Summer Isle Foundation reported $37.0M in total assets on its 2024 IRS Form 990-PF. It paid out $650K in qualifying distributions that year, against a required minimum of $1.1M (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does The Summer Isle Foundation operate?
The Summer Isle Foundation has awarded grants in Massachusetts, New York.
What is The Summer Isle Foundation's EIN?
The Summer Isle Foundation's EIN (Employer Identification Number) is 81-3882939. 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 The Summer Isle Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in The Summer Isle Foundation's focus areas in our free grants database
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