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Summer Rest Foundation is a private trust based in RALEIGH, NC. The foundation received its IRS ruling in 1999. The principal officer is % George C Turner. It holds total assets of $7.8M. Annual income is reported at $3.1M. The foundation operates in the area of philanthropy & grantmaking. According to available records, Summer Rest Foundation has made 70 grants totaling $1.5M, with a median grant of $10K. Annual giving has grown from $469K in 2020 to $1.1M in 2022. Individual grants have ranged from $2K to $200K, with an average award of $22K. The foundation has supported 39 unique organizations. Grants have been distributed to organizations in North Carolina and Colorado and Georgia. Contributions to this foundation are tax-deductible.
Summer Rest Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 70 grants. Its grantmaking reaches organizations primarily in NC, CO, GA.
Summer Rest Foundation has distributed a total of $1.5M across 70 grants. The median grant size is $10K, with an average of $22K. Individual grants have ranged from $2K to $200K.
Summer Rest Foundation typically selects its grantees rather than accepting unsolicited proposals.
Summer Rest Foundation is headquartered in RALEIGH, NC. While based in NC, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Todd Turner | TREASURER | $0 | $0 | $0 |
| George Turner | TRUSTEE | $0 | $0 | $0 |
| Jay G Loftin Jr | TRUSTEE | $0 | $0 | $0 |
| Sue M Turner | BOARD CHAIR | $0 | $0 | $0 |
| Tish Turner | EXECUTIVE DIRECTOR | $0 | $0 | $0 |
Total Giving
$644K
Total Assets
$7.5M
Fair Market Value
$9.7M
Net Worth
$7.3M
Grants Paid
$571K
Contributions
$0
Net Investment Income
$664K
Distribution Amount
$420K
Total: $0
Total Grants
70
Total Giving
$1.5M
Average Grant
$22K
Median Grant
$10K
Unique Recipients
39
Most Common Grant
$5K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| East Carolina University Educational FdnEDUCATIONAL | Greenville, NC | $200K | 2022 |
| Fellowship Of Christian AthletesGENERAL SUPPORT | Raleigh, NC | $61K | 2022 |
| Institute For Faith And FamilyGENERAL SUPPORT | Raleigh, NC | $50K | 2022 |
| Boys And Girls Clubs Of Wake CountyGENERAL SUPPORT | Raleigh, NC | $40K | 2022 |
| Wrightsville United Methodist ChurchCHARITABLE | Wrightsville Beach, NC | $30K | 2022 |
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| 2016 | 990PF | View |
| National Christian FoundationTHE DANNY LOTZ SCHOLARSHIP FUND | Raleigh, NC | $25K | 2022 |
| Focus On The FamilyGENERAL SUPPORT | Colorado Springs, CO | $15K | 2022 |
| Brigade Boys & Girls ClubGENERAL SUPPORT | Wilmington, NC | $15K | 2022 |
| Center For Christian Thought WilmingtonCHARITABLE | Wilmington, NC | $15K | 2022 |
| Neighbor To NeighborGENERAL SUPPORT | Raleigh, NC | $12K | 2022 |
| Friends Of Scouting Occoneechee Council Boys Scouts Of AmericaCHARITABLE | Raleigh, NC | $10K | 2022 |
| Elam MinistriesGENERAL SUPPORT | Alpharetta, GA | $10K | 2022 |
| Good Shepard CenterGENERAL SUPPORT | Wilmington, NC | $10K | 2022 |
| Mother Hubbard'S CupboardGENERAL SUPPORT | Wilmington, NC | $10K | 2022 |
| Wbs FoundationCHARITABLE | Wrightsville Beach, NC | $10K | 2022 |
| East Carolina UniversitySCHOLARSHIP | Greenville, NC | $5K | 2022 |
| The Salvation Army Of Cape FearGENERAL SUPPORT | Wilmington, NC | $5K | 2022 |
| Cape Fear Community CollegeSCHOLARSHIP | Wilmington, NC | $3K | 2022 |
| Wake Forest UniversitySCHOLARSHIP | Winstonsalem, NC | $70K | 2020 |
| Port City Community ChurchGENERAL SUPPORT | Wilmington, NC | $45K | 2020 |
| Raleigh Rescue MissionCHARITABLE | Raleigh, NC | $25K | 2020 |
| Inter-Faith Food ShuttleGENERAL SUPPORT | Raleigh, NC | $20K | 2020 |
| Boys & Girls Homes Of North CarolinaGENERAL SUPPORT | Lake Waccamaw, NC | $20K | 2020 |
| Samaritans PurseWMM POST-RESIDENCY PROGRAM | Boone, NC | $10K | 2020 |
| Heart And Hands For HaitiGENERAL SUPPORT | Raleigh, NC | $10K | 2020 |
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