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Summit Foundation is a private corporation based in BRISTOL, TN. The foundation received its IRS ruling in 2016. It holds total assets of $20K. Annual income is reported at $200K. Total assets have grown from $10K in 2019 to $20K in 2024. The foundation is governed by 1 officer or trustee. The foundation operates in the area of community development. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2024. According to available records, Summit Foundation has made 4 grants totaling $32K, with a median grant of $8K. Annual giving has grown from $3K in 2020 to $26K in 2022. Individual grants have ranged from $3K to $13K, with an average award of $8K. Grant recipients are concentrated in Tennessee. Contributions to this foundation are tax-deductible.
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 Foundation primarily funds organizations in the area of community development. Based on available records, the foundation has funded 4 grants. Its grantmaking reaches organizations primarily in TN.
Summit Foundation has distributed a total of $32K across 4 grants. The median grant size is $8K, with an average of $8K. Individual grants have ranged from $3K to $13K.
Summit Foundation typically selects its grantees rather than accepting unsolicited proposals. The application deadline is 12/31/20.
Summit Foundation is headquartered in BRISTOL, TN.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Eric Fields | Director | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$20K
Fair Market Value
N/A
Net Worth
$20K
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
4
Total Giving
$32K
Average Grant
$8K
Median Grant
$8K
Unique Recipients
1
Most Common Grant
$3K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Grace Bible ChurchContribution to Yahweh Foundatoin | Bristol, TN | $13K | 2022 |