Summit Charitable Foundation Inc
- Assets
- $0.0
- Revenue
- $11.7m
- Investments
- $79.0m
- Employees
- 0
- Location
- Washington, DC
- Founding
- 08/1991
- Data as of
- 12/2020
- EIN
- 52-1743817
Organization Overview
Summit Charitable Foundation Inc is located in Washington, DC. The organization was established in 1991. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Summit Charitable Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Summit Charitable Foundation Inc generated $11.7m in total revenue. All expenses for the organization totaled $4.7m during the year ending 12/2020. While expenses have increased by 6.1% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Summit Charitable Foundation Inc has awarded 89 individual grants totaling $4,010,991. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexis Sant President | 40 | $335,808 | |
Diane Crockett Chief Financial Offi | 40 | $265,000 | |
Cheri Recchi Director, Mesoameric | 40 | $213,780 | |
Katherine Hall Dir., Equality For W | 40 | $213,072 | |
Darryl Young Director, Sustainabl | 40 | $205,248 | |
Jamie Amagai Director Of Grants M | 40 | $141,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,358,526 |
| Interest on Savings | $146,859 |
| Dividends & Interest | $326,908 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $11,741,260 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $356,028 |
| Pension plans, employee benefits | $489,825 |
| Depreciation | $175,130 |
| Occupancy | $251,418 |
| Travel, conferences, and meetings | $16,032 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $3,284,246 |
| Contributions, gifts, grants paid | $1,465,713 |
| Total expenses and disbursements | $4,749,959 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $123,104 |
| Investments—mortgage loans | $0 |
| Investments—other | $79,046,866 |
| Other assets | $1,230,860 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $646,742 |
Grants Awarded
Over the last fiscal year, Summit Charitable Foundation Inc has awarded $2,263,714 in support to 48 organizations.
| Grant Recipient | Amount |
|---|---|
MESOAMERICAN REEF FUND PURPOSE: GENERAL PROGRAM SUPPORT FOR IMPROVING THE HEALTH AND RESILIENCE OF THE MAR | $275,897 |
SMITHSONIAN INSTITUTION PURPOSE: GENERAL PROGRAM SUPPORT FOR THE HEALTHY REEFS INITIATIVE AND CONSERVING MANGROVES AND SEAGRASSES IN THE MAR | $275,000 |
MESOAMERICAN REEF FUND PURPOSE: GENERAL PROGRAM SUPPORT FOR EMERGENCY ASSISTANCE FOR MARINE PROTECTED AREA CO-MANAGERS IN BELIZE | $150,000 |
FUNDACION PARA EL ECODESARROLLO Y LA CONSERVACION PURPOSE: PROGRAM SUPPORT.SEXUAL AND REPRODUCTIVE HEALTH SERVICES FOR INDIGENOUS GUATEMALAN WOMEN | $150,000 |
FUNDACION PARA EL ECODESARROLLO Y LA CONSERVACION PURPOSE: SCALING UP NO-TAKE AREAS AND SUSTAINABLE FISHERIES MANAGEMENT IN CARIBBEAN GUATEMALA | $150,000 |
TOLEDO INSTITUTE FOR DEVELOPMENT AND ENVIRONMENT PURPOSE: GENERAL OPERATING SUPPORT | $125,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Summit Charitable Foundation Inc has recieved totaling $18,283.
| Awarding Organization | Amount |
|---|---|
Ivorybill Foundation Inc Pittsford, NY PURPOSE: COMPUTER EQUIPMENT | $18,283 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |
Cognizant Us Foundation Washington, DC | $53,711,221 | $1,081,755 |
Operating Engineers Trust Fund Of Washington D C & Vicinity Sparks, MD | $40,754,444 | $17,999,357 |
C Kenneth And Dianne Wright Foundation Henrico, VA | $254,775 | $2,124,209 |
Kahlert Foundation Inc Sykesville, MD | $93,179,960 | $19,162,440 |
Stephen And Renee Bisciotti Foundation Inc Baltimore, MD | $229,911,583 | $55,799,955 |
Norman R Rales And Ruth Rales Foundation Washington, DC | $221,982,032 | $95,551,218 |
T Rowe Price Foundation Baltimore, MD | $114,583,054 | $23,335,778 |
Edward C And Linda Dresner Levy Foundation Reston, VA | $6,482,787 | $4,609,179 |
Mann-Paller Foundation Inc Bethesda, MD | $80,615,648 | $30,572,645 |
Northrop Grumman Foundation Falls Church, VA | $33,455,291 | $16,167,307 |
Regent Philanthropic Foundation Inc Hunt Valley, MD | $5,466,613 | $606,006 |