Mission
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.
Public Charity
THE SUMMIT FOUNDATION
THE SUMMIT FOUNDATION, of SUMMIT, NJ, is a Public Charity tracked in Imperigo's IRS 990 database. The 2025 filing shows $2.6M in revenue, $1.9M in expenses, $23.2M in total assets. 31 publicly reported grants to this organization, totaling roughly $974K, appear in IRS filings.
EIN: 221948007
SUMMIT, NJ
Latest filing: 2025
Total Revenue$2.6M
Total Expenses$1.9M
Total Assets$23.2M
Grant Records31
Funding Total$974K
Filing Years2021–2025
Where $100 goes at The Summit Foundation
How The Summit Foundation divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.
$91
Programs
the work itself
$8
Management
running the organization
$1
Fundraising
raising the next dollar
Inside the $91 for programs
$91
$685,151 granted to agencies pursuant to a rigorous application review process.$531,136 awarded to 40 agencies from donor advised funds
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Received
For grant recipient's exempt purposes
$317,680
RELIGION
$105,351
$39,800
COMMUNITY FOUNDATIONS OR CHARITABLE TRUSTS
$18,150
CHARITABLE DONATION
$12,000
Showing up to 5 of 31 total records — full history available with membership.
Officers & Directors
TRUSTEE
Amy Disibio
TRUSTEE
Celia Colbert
TRUSTEE
Charles Gelber
TRUSTEE
Christine Gottesman
TRUSTEE
Christopher Gerard
PRESIDENT
Dana Turk
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $2.6M | $1.9M | $23.2M |
| 2024 | $2.5M | $1.1M | $20.7M |
| 2023 | $1.6M | $1.5M | $19.4M |
| 2022 | $1.1M | $1.1M | $17.8M |
| 2021 | $1.5M | $1.2M | $21.0M |
Between 2021 and 2025, reported annual revenue grew from $1.5M to $2.6M (+73%), with total assets most recently reported at $23.2M.
Interactive year-over-year charts and full filing details available with membership.