New Jersey · Public charity
The Summit Foundation
THE SUMMIT FOUNDATION is a tax-exempt community foundation that fosters philanthropy in the greater summit nj area. The foundation uses competitive grants and the wishes of donors to meet the needs of the community.
- $1.8M
- Granted FY2025(still arriving)
- 36
- Itemized grants FY2025
- 33
- Organizations funded FY2024
- 21%
- First-time grantees FY2024
- Itemized, FY2025
- $1.1M
- The rest is grants the schedule does not break out
- Median grant, FY2025
- $14,190
- Largest grant, FY2025
- $526,015
- Organizations funded a year
- 29 to 37
- FY2017 to FY2024
- States reached, FY2025
- 1
- Total assets, FY2025
- $23M
How open it is to new grantees
In FY2024, 21% of the organizations The Summit Foundation funded were first-time grantees, receiving 26% of its grant dollars.
New vs renewed · share of each year
In FY2024, 74% of grant dollars renewed an existing relationship; $190k 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 |
|---|---|---|---|
| FY2025still arriving | 36 | $1.1M | 14% |
| FY2024 | 33 | $731k | 21% |
| FY2023 | 37 | $854k | 11% |
| FY2022 | 29 | $699k | 21% |
| FY2021 | 36 | $607k | 17% |
| FY2020 | 35 | $993k | 31% |
| FY2018 | 34 | $754k | 53% |
| FY2017 | 33 | $1.0M | 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 FY2025, and the share of each one’s budget the grants supplied at peak.
| Grantee | Total granted | Years | Share of their budget |
|---|---|---|---|
| City of Summit | $770,544 | 5 | n/a |
| City of Summit & City of Summit Summit High School | $526,015 | 1 | n/a |
| Summit Board of Education | $392,402 | 3 | n/a |
| Summit Speech School | $365,000 | 7 | 2% |
| Sage Eldercare | $307,500 | 6 | 2% |
| Community Food Bank Of New Jersey Inc | $266,000 | 6 | 0% |
| The Connection for Women and Families | $243,509 | 6 | 1% |
| Summit Area Young Men's Christian Association a Nj Nonprofit Corporation | $236,673 | 7 | 1% |
| Children's Specialized Hospital Foundation Inc | $211,785 | 6 | 0% |
| Trinitas Foundation | $186,554 | 5 | 2% |
Show all 88 grantees
Plus 2 recipients with no EIN on record ($101k), not named here.
Where it is load-bearing
The Summit Foundation supplied at least a quarter of the budget for 4 of its grantees at some point. The chart plots its 73 largest grantees; load-bearing ones sit top left.
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: The Hyde and Watson Foundation · Community Foundation of New Jersey · Investors Foundation Inc · Ej Grassmann Trust · Citizens Philanthropic Foundation Inc · Bristol-Myers Squibb Foundation Inc · Columbia Bank Foundation · The Provident Bank Foundation · Union Foundation · Pseg Foundation Inc · The Westfield Foundation · Overlook Foundation
How this is measured
About The Summit Foundation
- How much does The Summit Foundation give?
- The Summit Foundation reported 36 itemized grants totaling $1,144,526, out of $1,776,287 in total grant expense reported on the return in its FY2025 IRS filing. It funded between 29 and 37 organizations a year over FY2017 to FY2024.
- What does The Summit Foundation fund?
- By grant dollars over FY2017 to FY2025, its largest causes are Education (21%), Human Services (20%), Health (18%).
- Who are The Summit Foundation's largest grantees?
- By total granted over FY2017 to FY2025: City of Summit ($771k), City of Summit & City of Summit Summit High School ($526k), Summit Board of Education ($392k).
- Does The Summit Foundation fund new organizations?
- In FY2024, 21% of the organizations it funded were first-time grantees.
- Which funders back the same organizations as The Summit Foundation?
- Its strongest co-funders, measured against what their size predicts, include The Hyde and Watson Foundation, Community Foundation of New Jersey, Investors Foundation Inc.
- Where is The Summit Foundation based?
- The Summit Foundation is based in NJ.
Play a game based on Summit’s filings →