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The Summit Beverage-Markovich Family Charitable Foundation is a private corporation based in WILMINGTON, DE. The foundation received its IRS ruling in 2012. The principal officer is Foundation Source. It holds total assets of $3.7M. Annual income is reported at $1.4M. Total assets have grown from $150K in 2011 to $3.2M in 2023. The foundation is governed by 3 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 2016 to 2023. Grantmaking is concentrated in Montana. According to available records, The Summit Beverage-Markovich Family Charitable Foundation has made 39 grants totaling $227K, with a median grant of $5K. Annual giving has grown from $47K in 2020 to $107K in 2023. Individual grants have ranged from $500 to $17K, with an average award of $6K. The foundation has supported 24 unique organizations. Grants have been distributed to organizations in Montana and North Carolina. Contributions to this foundation are tax-deductible.
Smallest Grant
$500
Median Grant
$8K
Average Grant
$6K
Largest Grant
$10K
Based on 12 grants from the most recent 990-PF filing.
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.
The Summit Beverage-Markovich Family Charitable Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 39 grants. Its grantmaking reaches organizations primarily in MT, NC.
The Summit Beverage-Markovich Family Charitable Foundation has distributed a total of $227K across 39 grants. The median grant size is $5K, with an average of $6K. Individual grants have ranged from $500 to $17K.
The Summit Beverage-Markovich Family Charitable Foundation typically selects its grantees rather than accepting unsolicited proposals.
The Summit Beverage-Markovich Family Charitable Foundation is headquartered in WILMINGTON, DE. While based in DE, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Rachel Markovich | Dir, VP | $0 | $0 | N/A |
| Dale Markovich | Dir, VP | $0 | $0 | N/A |
| Greg Markovich | Pres, Sec, Dir | $0 | $0 | N/A |
Total Giving
$151K
Total Assets
$3.2M
Fair Market Value
$3.7M
Net Worth
$3.2M
Grants Paid
$107K
Contributions
$300K
Net Investment Income
$73K
Distribution Amount
$167K
Total: $2.6M
Total Grants
39
Total Giving
$227K
Average Grant
$6K
Median Grant
$5K
Unique Recipients
24
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Little League Baseball IncGeneral & Unrestricted | Butte, MT | $5K | 2023 |
| Greater Missoula Family Young Mens Christian AssocHere for Good Capital Campaign | Missoula, MT | $17K | 2023 |
| Mountain Home Montana IncGeneral & Unrestricted | Missoula, MT | $10K | 2023 |
| The University Of Montana Western FoundationThe Experience One Campaign- Stadium pledge | Dillon, MT | $10K | 2023 |
| Missoula Downtown Foundation IncGeneral & Unrestricted | Missoula, MT | $10K | 2023 |
| Missoula Food Bank & Community Center IncorporatedGeneral & Unrestricted | Missoula, MT | $6K | 2023 |
| Project Whitefish Kids IncGeneral & Unrestricted | Whitefish, MT | $5K | 2023 |
| Reading Opens Your World IncGeneral & Unrestricted | Missoula, MT | $5K | 2023 |
| Flathead County Sheriffs Posse IncGeneral & Unrestricted | Kalispell, MT | $5K | 2023 |
| Flathead Land Trust IncGeneral & Unrestricted | Kalispell, MT | $5K | 2023 |
| Kalispell School District No 5education FoundationGeneral & Unrestricted | Kalispell, MT | $5K | 2023 |
| Nurturing Center IncGeneral & Unrestricted | Kalispell, MT | $5K | 2023 |
| Whitefish School District Education FoundationGeneral & Unrestricted | Whitefish, MT | $5K | 2023 |
| Colt Anderson Skills CampGeneral & Unrestricted | Butte, MT | $5K | 2023 |
| Missoula Catholic Schools FoundationLoyola Sacred Heart Food Drive Fund | Missoula, MT | $3K | 2023 |
| Flathead Food Bank IncGeneral & Unrestricted | Kalispell, MT | $2K | 2023 |
| North Valley Food Bank IncGeneral & Unrestricted | Whitefish, MT | $2K | 2023 |
| The V FoundationGeneral & Unrestricted | Cary, NC | $1K | 2023 |
| Butte Emergency Food BankGeneral & Unrestricted | Butte, MT | $1K | 2023 |
| Garden City Ballet CompanyGeneral & Unrestricted | Missoula, MT | $500 | 2023 |
| Orphan Girl Childrens TheatreGeneral & Unrestricted | Butte, MT | $10K | 2022 |
| Philipsburg Rotary FoundationGeneral & Unrestricted | Philipsburg, MT | $10K | 2022 |
| University Of Montana FoundationNeural Injury Center | Missoula, MT | $10K | 2022 |
| Ronald Mcdonald House Charities Of Western MontanaRonald McDonald House Charities of Western Montana's 2018 In Your Heart Campaign For Expansion to serve a greater number of families | Missoula, MT | $10K | 2022 |