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Summit Financial Foundation is a private corporation based in WILMINGTON, DE. The foundation received its IRS ruling in 2017. The principal officer is Foundation Source. It holds total assets of $248K. Annual income is reported at $227K. Total assets have grown from $109K in 2019 to $248K in 2024. The foundation is governed by 5 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2017 to 2024. The foundation primarily funds organizations in California and Arizona. According to available records, Summit Financial Foundation has made 61 grants totaling $62K, with a median grant of $500. The foundation has distributed between $17K and $27K annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $27K distributed across 36 grants. Individual grants have ranged from $100 to $10K, with an average award of $1K. The foundation has supported 38 unique organizations. The foundation primarily supports organizations in California, Virginia, District of Columbia, which account for 77% of all grants. Grantmaking reaches organizations across 12 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$1K
Average Grant
$2K
Largest Grant
$5K
Based on 4 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Summit Financial Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 61 grants. Its grantmaking reaches organizations primarily in CA, VA, DC.
Summit Financial Foundation has distributed a total of $62K across 61 grants. The median grant size is $500, with an average of $1K. Individual grants have ranged from $100 to $10K.
Summit Financial Foundation typically selects its grantees rather than accepting unsolicited proposals.
Summit Financial Foundation is headquartered in WILMINGTON, DE. While based in DE, the foundation distributes grants to organizations across 12 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Nathan Bennett | Dir | $0 | $0 | N/A |
| Kim Damiani | Dir | $0 | $0 | N/A |
| Teresa Hookey | Dir, Treas | $0 | $0 | N/A |
| Brendan Noonan | Dir | $0 | $0 | N/A |
| Steve Wilcox | Pres, Dir | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$248K
Fair Market Value
N/A
Net Worth
$248K
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
61
Total Giving
$62K
Average Grant
$1K
Median Grant
$500
Unique Recipients
38
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Global ImpactPhilanthory Together - Annual Symposium | Alexandria, VA | $5K | 2023 |
| Missing Man Ministry IncGeneral & Unrestricted | Pleasanton, CA | $1K | 2023 |
| Hers Breast Cancer FoundationGeneral & Unrestricted | Fremont, CA | $1K | 2023 |
| Cityteam MinistriesGeneral & Unrestricted | San Jose, CA | $1K | 2023 |
| Rooms Of Hope IncGeneral & Unrestricted | San Ramon, CA | $1K | 2023 |
| She-Can Global IncGeneral & Unrestricted | Mill Valley, CA | $1K | 2023 |
| Special Olympics Northern California IncGeneral & Unrestricted | Pleasant Hill, CA | $1K | 2023 |
| East Bay Integrated Care IncHope Hospice East Bay | Pleasant Hill, CA | $1K | 2023 |
| Hawaii Community FoundationMaui Strong Fund | Honolulu, HI | $750 | 2023 |
| Girls Incorporated Of Alameda CountyGeneral & Unrestricted | Oakland, CA | $500 | 2023 |
| Conservation Society Of CaliforniaGeneral & Unrestricted | Oakland, CA | $500 | 2023 |
| Lazarex Cancer FoundationGeneral & Unrestricted | Danville, CA | $500 | 2023 |
| Children Internationalsponsor a child program | Kansas City, MO | $500 | 2023 |
| Nebraska Czechs Of WilberCharitable Event | Wilber, NE | $250 | 2023 |
| Mercury One IncMaui Fund | Irving, TX | $250 | 2023 |
| United Service Organizations IncGeneral & Unrestricted | Washington, DC | $250 | 2023 |
| HivelyGeneral & Unrestricted | Pleasanton, CA | $250 | 2023 |
| Monterey Bay Aquarium FoundationGeneral & Unrestricted | Monterey, CA | $250 | 2023 |
| Girls Soccer WorldwideGeneral & Unrestricted | Livermore, CA | $250 | 2023 |
| Charitysmith Nonprofit FoundationGeneral & Unrestricted | Truckee, CA | $250 | 2023 |
| Goodness VillageGeneral & Unrestricted | Livermore, CA | $6K | 2022 |
| Kids Against Hunger Bay AreaGeneral & Unrestricted | Pleasanton, CA | $1K | 2022 |
| East Bay Community FoundationGeneral & Unrestricted | Oakland, CA | $1K | 2022 |
| Bay Area Crisis NurseryGeneral & Unrestricted | Concord, CA | $1K | 2022 |
| St Jude Childrens Research Hospital IncGeneral & Unrestricted | Memphis, TN | $740 | 2022 |
| Marine Mammal Care Center Los AngelesGeneral & Unrestricted | San Pedro, CA | $500 | 2022 |
| Dublin Irish Guard Band Boosters ClubGeneral & Unrestricted | Dublin, CA | $400 | 2022 |
| Foothill HighCharitable Event | Pleasanton, CA | $250 | 2022 |
| Ohio Fuzzy Pawz Shih Tzu RescueGeneral & Unrestricted | Pataskala, OH | $250 | 2022 |
| Stepping Stones Of HopeCharitable Event | Phoenix, AZ | $250 | 2022 |
| Wrestle Like A Girl IncGeneral & Unrestricted | Washington, DC | $200 | 2022 |