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Also known as: C/O MARCUM LLP
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Summit Foundation is a private trust based in NEW YORK, NY. The foundation received its IRS ruling in 1996. The principal officer is Cbiz Advisors LLC. It holds total assets of $92K. Annual income is reported at $200K. Total assets have decreased from $922K in 2010 to $333K in 2022. The foundation is governed by 1 officer or trustee. Please note, the foundation is not involved in any direct charitable activities. Its primary purpose is to support, by contributions, other organizations exempt under internal. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2023. According to available records, Summit Foundation has made 5 grants totaling $2.6M, with a median grant of $544K. Annual giving has grown from $462K in 2020 to $580K in 2023. Grantmaking activity was highest in 2022 with $1.1M distributed across 2 grants. Individual grants have ranged from $452K to $580K, with an average award of $517K. The foundation has supported 3 unique organizations. Grant recipients are concentrated in New York. Contributions to this foundation are tax-deductible.
Please note, the foundation is not involved in any direct charitable activities. Its primary purpose is to support, by contributions, other organizations exempt under internal
Revenue code section 501(c)(3).
Please note, the foundation is not involved in any direct charitable activities. Its primary purpose is to support, by contributions, other organizations exempt under internal. Based on available records, the foundation has funded 5 grants. Its grantmaking reaches organizations primarily in NY.
Summit Foundation has distributed a total of $2.6M across 5 grants. The median grant size is $544K, with an average of $517K. Individual grants have ranged from $452K to $580K.
Summit Foundation typically selects its grantees rather than accepting unsolicited proposals.
Summit Foundation is headquartered in NEW YORK, NY.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Cody J Smith | TRUSTEE | $0 | $0 | N/A |
Total Giving
$600K
Total Assets
$333K
Fair Market Value
$815K
Net Worth
$333K
Grants Paid
$580K
Contributions
N/A
Net Investment Income
$632K
Distribution Amount
$46K
Total: $229K
Total Grants
5
Total Giving
$2.6M
Average Grant
$517K
Median Grant
$544K
Unique Recipients
3
Most Common Grant
$544K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| See Statement ASEE STATEMENT A | New York, NY | $580K | 2023 |
| See Statement A AttachedSEE STATEMENT A | New York, NY | $544K | 2022 |
| Statement A AttachedSEE STATEMENT A | See Statement A, NY | $462K | 2020 |