Wisconsin · Public charity
Summit Credit Union
A cooperative, nonprofit corporation, incorporated under wisconsin state law to encourage thrift among its members, create a source of credit at a fair and reasonable cost, and provide an opportunity for its members to improve their economic and social conditions.
- $347k
- Granted FY2024(still arriving)
- 16
- Grants FY2024
- 22
- Organizations funded FY2023
- 50%
- First-time grantees FY2023
- Median grant, FY2024
- $15,000
- Largest grant, FY2024
- $88,785
- Organizations funded a year
- 6 to 22
- FY2017 to FY2023
- States reached, FY2024
- 1
- Total assets, FY2024
- $7.5B
How open it is to new grantees
In FY2023, 50% of the organizations Summit Credit Union funded were first-time grantees, receiving 29% of its grant dollars.
New vs renewed · share of each year
In FY2023, 71% of grant dollars renewed an existing relationship; $123k went to new ones.
Where new relationships form · theme of each grantee’s first grant
How this is measured
The numbers by year
| Fiscal year | Organizations funded | To those organizations | First-time grantees |
|---|---|---|---|
| FY2024still arriving | 16 | $347k | 38% |
| FY2023 | 22 | $428k | 50% |
| FY2022 | 10 | $833k | 20% |
| FY2021 | 12 | $842k | 42% |
| FY2020 | 6 | $79k | 50% |
| FY2019 | 6 | $60k | 0% |
| FY2018 | 9 | $123k | 44% |
| FY2017 | 11 | $158k | n/a |
What it funded, over time
Every grant placed by its stated purpose and the recipient’s mission, by year, FY2017 to 2024.
Top grantees
Largest recipients by total granted, FY2017 to FY2024, and the share of each one’s budget the grants supplied at peak.
| Grantee | Total granted | Years | Share of their budget |
|---|---|---|---|
| Center for Black Excellence and Culture Inc | $1,333,334 | 2 | 18% |
| United Way of Dane County Inc | $419,614 | 7 | 0% |
| Madison Area Technical College Foundation Inc | $155,206 | 6 | 1% |
| Boys and Girls Club of Dane County Inc | $81,500 | 3 | 1% |
| Urban League of Greater Madison Inc | $81,000 | 4 | 1% |
| Worldwide Foundation for Credit Unions Inc | $60,870 | 2 | 2% |
| Edgewood University Inc | $59,643 | 4 | 0% |
| Hc Squared Incorporated | $50,000 | 1 | n/a |
| Wisconsin Historical Foundation Inc | $50,000 | 5 | 0% |
| National Credit Union Foundation | $47,900 | 7 | 0% |
Show all 42 grantees
Where it is load-bearing
Each grantee by its size and the share of its budget Summit Credit Union supplied at peak.
Tap a dot to name the grantee.
How this is measured
Co-funders
Grantmakers whose grantees overlap with this funder’s far more than size alone predicts. Closer means stronger alignment; arcs show where they also fund each other. Here they form a tightly interlocked group: most of these funders back each other's grantees too.
Open a dossier: Madison Community Foundation · Madison Gas and Electric Foundation Inc · The Evjue Foundation Inc · Ascendium Education Solutions Inc · Trustage Foundation Inc · Alliant Energy Foundation Inc · United Way of Dane County Inc · The Roots and Wings Foundation Inc · The Oscar Rennebohm Foundation Inc · Endres Manufacturing Foundation Inc · Green Bay Packers Foundation · Sub-Zero Group Foundation Inc
How this is measured
About Summit Credit Union
- How much does Summit Credit Union give?
- Summit Credit Union reported 16 grants totaling $347,449 in its FY2024 IRS filing. It funded between 6 and 22 organizations a year over FY2017 to FY2023.
- What does Summit Credit Union fund?
- By grant dollars over FY2017 to FY2024, its largest causes are Arts & Culture (50%), Philanthropy (16%), Education (12%).
- Who are Summit Credit Union's largest grantees?
- By total granted over FY2017 to FY2024: Center for Black Excellence and Culture Inc ($1.3M), United Way of Dane County Inc ($420k), Madison Area Technical College Foundation Inc ($155k).
- Does Summit Credit Union fund new organizations?
- In FY2023, 50% of the organizations it funded were first-time grantees.
- Which funders back the same organizations as Summit Credit Union?
- Its strongest co-funders, measured against what their size predicts, include Madison Community Foundation, Madison Gas and Electric Foundation Inc, The Evjue Foundation Inc.
- Where is Summit Credit Union based?
- Summit Credit Union is based in WI.
Play a game based on Summit Credit Union’s filings →