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Summit-Kelly Foundation Inc. is a private corporation based in BIRMINGHAM, AL. The foundation received its IRS ruling in 2022. The principal officer is % Carl Parmer. It holds total assets of $294K. Annual income is reported at $4K. The foundation operates in the area of education. According to available records, Summit-Kelly Foundation Inc. has made 10 grants totaling $810K, with a median grant of $36K. Annual giving has grown from $66K in 2020 to $392K in 2023. Individual grants have ranged from $3K to $389K, with an average award of $81K. The foundation has supported 5 unique organizations. Grants have been distributed to organizations in Alabama and New York. Contributions to this foundation are tax-deductible.
Summit-Kelly Foundation Inc. primarily funds organizations in the area of education. Based on available records, the foundation has funded 10 grants. Its grantmaking reaches organizations primarily in AL, NY.
Summit-Kelly Foundation Inc. has distributed a total of $810K across 10 grants. The median grant size is $36K, with an average of $81K. Individual grants have ranged from $3K to $389K.
Summit-Kelly Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Summit-Kelly Foundation Inc. is headquartered in BIRMINGHAM, AL. While based in AL, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Russell L Irby Iii | SECRETARY | $0 | $0 | $0 |
| Katherine Marie Parmer | PRESIDENT | $0 | $0 | $0 |
| Carl Parmer | TREASURER | $0 | $0 | $0 |
Total Giving
$393K
Total Assets
$330K
Fair Market Value
$330K
Net Worth
$330K
Grants Paid
$392K
Contributions
$0
Net Investment Income
$0
Distribution Amount
$19K
Total Grants
10
Total Giving
$810K
Average Grant
$81K
Median Grant
$36K
Unique Recipients
5
Most Common Grant
$3K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| University Of AlabamaSCHOLARSHIP | Tuscaloosa, AL | $34K | 2021 |
| Crimson Tide FoundationTO AID IN EXEMPT PURPOSE OF THE ORGANIZATION | Tuscaloosa, AL | $389K | 2023 |
| Broadcasters Foundation Of AmericaTO AID IN EXEMPT PURPOSE OF THE ORGANIZATION | New York, NY | $3K | 2023 |
| University Of Alabama - Summit Kelly Foundation Annual ScholarshipSCHOLARSHIP | Tuscaloosa, AL | $24K | 2020 |
| United Way Of Central AlabamaTO AID IN THE EXEMPT PURPOSE OF THE ORGANIZATION |
| Birmingham, AL |
| $3K |
| 2020 |
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