Solon E Summerfield Foundation Inc. | Granted Foundation Directory | Granted AI
BETHESDA, MD
Solon E Summerfield Foundation Inc. Also known as: C/O INTENTIONAL PHILANTHROPY
Quick Facts
EIN 131797260
Location BETHESDA, MD
Phone (212) 218-7640
Category General
Total Assets $33.8M
Annual Income $20.2M
IRS Ruling Year 1942
Organization Type Non-Operating Foundation
Tax Deductibility Contributions are deductible
About This Foundation Solon E Summerfield Foundation Inc. is a private corporation based in BETHESDA, MD. The foundation received its IRS ruling in 1942. It holds total assets of $33.8M. Annual income is reported at $20.2M. According to available records, Solon E Summerfield Foundation Inc. has made 267 grants totaling $31.3M, with a median grant of $100K. Annual giving has grown from $4.6M in 2020 to $8.4M in 2023. Grantmaking activity was highest in 2022 with $12.7M distributed across 98 grants. Individual grants have ranged from $1K to $986K, with an average award of $117K. The foundation has supported 94 unique organizations. The foundation primarily supports organizations in New York, New Jersey, Kansas, which account for 90% of all grants. Grantmaking reaches organizations across 12 states. Contributions to this foundation are tax-deductible.
Frequently Asked Questions What does Solon E Summerfield Foundation Inc. fund? Solon E Summerfield Foundation Inc. is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 267 grants. Its grantmaking reaches organizations primarily in NY, NJ, KS.
How much does Solon E Summerfield Foundation Inc. give in grants? Solon E Summerfield Foundation Inc. has distributed a total of $31.3M across 267 grants. The median grant size is $100K, with an average of $117K. Individual grants have ranged from $1K to $986K.
How do I apply for a grant from Solon E Summerfield Foundation Inc.? Solon E Summerfield Foundation Inc. is a private foundation. To inquire about grants, you can look up the foundation using their EIN (131797260) on GuideStar or contact them directly. Many private foundations have specific application processes that may not be publicly listed.
Where is Solon E Summerfield Foundation Inc. located? Solon E Summerfield Foundation Inc. is headquartered in BETHESDA, MD. While based in MD, the foundation distributes grants to organizations across 12 states.
Key People & Compensation (2022) Name Title Compensation Benefits Total Cynthia Rivera Weissblum DIRECTOR $5K $0 $5K Randolph Moore DIRECTOR $5K $0 $5K Anne E Treeger DIRECTOR, SECRETARY $5K $0 $5K Alyssa N Cogen DIRECTOR, TREASURER $5K $0 $5K Karen P Balliett DIRECTOR, VICE PRESIDENT $5K $0 $5K
990 Tax Filings Year Return Type PDF 2023 990PF 2022 990PF 2021 990PF 2020 990PF
Financial Overview Total Giving
$9.6M
2023 +28%
Total Assets
$31.5M
2023 +0%
Fair Market Value
$86.1M
2023
Net Investment Income
$4.7M
2023
Distribution Amount
$4.2M
2023
Investment Portfolio (2023) Total: $22.1M
Corporate Stock (24%)
Corporate Bonds (29%)
Government Obligations (22%)
Other Investments (25%)
Revenue Sources (2023)
Capital Gains (Net) $3.8M
Dividends $1.4M
Interest $7K Financial Details (2023)
Total Revenue $5.2M
Total Expenses $9.6M
Exempt Purpose Expenses $9.1M
Required Distribution $4.2M
Undistributed Income $0
Grants Approved (Future) $7.1M
Total Liabilities $1
Excise Tax $65K Foundation Classification (2023) Operating Foundation
Grants to Individuals
Non-Charity Grants
Lobbying Activity
Excess Business Holdings
Grantmaking Insights Grant Disbursements by Year Grant Range Smallest grant Largest grant
Openness to New Grantees (2023)
of 2023 grantees were first-time recipients
Geographic Distribution of Grants
NY $26.5M (224)
NJ $1.7M (6)
KS $992K (10)
MD $986K (1)
CO $713K (6)
VT $100K (1)
Past Grantees Recipient Location Amount Year At The Table GENERAL OPERATING SUPPORT Brooklyn, NY $100K 2023 American Foundation For The Blind ENDOWMENT/GENERAL OPERATING SUPPORT Huntington, WV $12K 2023 Research Foundation Of CunyPROGRAM SUPPORT - CUNY SCHOOL OF PROFESSIONAL STUDIES New York, NY $500K 2023 Green City ForceGENERAL OPERATING SUPPORT Brooklyn, NY $334K 2023 The New York Foundling
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