THE SUMMIT FOUNDATION

EIN 221948007 · Donor-advised fund program as reported on Form 990 Schedule D, fiscal year 2023.

← All sponsors
DAF assets
$1.61M
at fiscal year end
Grants out
$353K
from DAF accounts
Contributions in
$121K
received into DAFs
Payout rate
22.0%
median is 12.5%
Accounts
17
funds held at year end
Average account
$95K
assets per fund

At 22.0%, this sponsor paid out above the 12.5% median for sponsors holding more than $10 million.

DAF assets by year

$1.7M
FY2020
$1.9M
FY2021
$1.7M
FY2022
$1.6M
FY2023

Grants paid by year

$240K
FY2020
$74K
FY2021
$103K
FY2022
$353K
FY2023

A missing year means no return for that year has been released yet, not that the organization was inactive. Years marked fall in the 2020–21 pandemic giving surge, when contributions into donor-advised funds rose sharply across the sector; treat them as an unusual period rather than a baseline.

Grant disclosure

Itemized 129 grant lines totalling $2.9M across 2019–2024 — $23K per line.

Largest reported recipients

Organizations receiving the most from this sponsor across 2019–2024, as itemized on Schedule I. Only grants above $5,000 must be listed.

RecipientTotal 2019–2024
City Of SummitEIN 226002329 NJ$289K
Summit Public SchoolsEIN 226002333 NJ$229K
Summit Speech SchoolEIN 221829502 NJ$185K
Sage EldercareEIN 221657929 NJ$158K
Community Foodbank Of New JerseyEIN 222423882$139K
Connection For Women And Families IncEIN 221489919 NJ$126K
Summit Area Young Mens Christ Assn a NJ NPO CoEIN 221487392 NJ$122K
Trinitas Health FoundationEIN 222353773 NJ$117K
Children'S Specialized Hospital FoundationEIN 136844298 NJ$104K
Bridges Outreach IncEIN 223190141 NJ$78K
Grace Giving And Receiving Assistance For Our CommEIN 851144186 NJ$60K
Summit Downtown IncEIN 222852638 NJ$58K
Overlook FoundationEIN 510194054 NJ$58K
P G Chambers School IncEIN 221551480 NJ$58K
Imagine A Center For Coping With LossEIN 453606502 NJ$56K

How these figures are calculated: methodology and disclosures. Source: IRS Form 990 e-file XML for fiscal year 2023, via the National Center for Charitable Statistics. Payout rate is DAF grants divided by DAF assets at year end. Recipient totals combine tax years 2019–2024 where filings are available. IRS release and parsing lag means recent years are incomplete for many organizations — NCCS advises treating the most recent year in the panel as partial.