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Summit Ov Foundation is a private corporation based in NEW YORK, NY. The foundation received its IRS ruling in 2022. The principal officer is Maggie Hui. It holds total assets of $2.4M. Annual income is reported at $1.1M. Total assets have grown from $149K in 2021 to $1.7M in 2023. The foundation is governed by 6 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 2021 to 2023. According to available records, Summit Ov Foundation has made 9 grants totaling $444K, with a median grant of $15K. Annual giving has decreased from $440K in 2022 to $4K in 2023. Individual grants have ranged from $4K to $175K, with an average award of $49K. The foundation has supported 5 unique organizations. Grant recipients are concentrated in 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 Ov Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 9 grants. Its grantmaking reaches organizations primarily in NY.
Summit Ov Foundation has distributed a total of $444K across 9 grants. The median grant size is $15K, with an average of $49K. Individual grants have ranged from $4K to $175K.
Summit Ov Foundation typically selects its grantees rather than accepting unsolicited proposals.
Summit Ov Foundation is headquartered in NEW YORK, NY.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Stuart Kotler | DIRECTOR | $0 | $0 | N/A |
| Marc Holliday | CHAIRMAN | $0 | $0 | N/A |
| Laura Jackson | VICE PRESIDENT | $0 | $0 | N/A |
| Stephen Rabinowitz | DIRECTOR | $0 | $0 | N/A |
| Matthew Diliberto | TREASURER | $0 | $0 | N/A |
| Andrew S Levine | EXECUTIVE VP & SECRETARY | $0 | $0 | N/A |
Total Giving
$48K
Total Assets
$1.7M
Fair Market Value
$1.7M
Net Worth
$1.7M
Grants Paid
$4K
Contributions
$1.1M
Net Investment Income
N/A
Distribution Amount
$53K
Total Grants
9
Total Giving
$444K
Average Grant
$49K
Median Grant
$15K
Unique Recipients
5
Most Common Grant
$25K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Peninsula Preparatory Academy Charter SchoolGENERAL SUPPORT | Far Rockaway, NY | $4K | 2023 |
| Food 1st FoundationGENERAL SUPPORT | New York, NY | $175K | 2022 |
| PublicolorGENERAL SUPPORT | New York, NY | $25K | 2022 |
| Family Legal CareGENERAL SUPPORT | Brooklyn, NY | $15K | 2022 |
| Police Athletic League IncGENERAL SUPPORT | New York, NY | $5K | 2022 |