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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. Total assets have decreased from $1M in 2019 to $294K in 2024. The foundation is governed by 3 officers and trustees. The foundation operates in the area of education. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2024. 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.
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-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 | N/A |
| Katherine Marie Parmer | PRESIDENT | $0 | $0 | N/A |
| Carl Parmer | TREASURER | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$294K
Fair Market Value
N/A
Net Worth
$294K
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
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 |