The Summit Foundation
We're here for good.
Mission
We are a 501(c)(3) community foundation that fosters philanthropy in the Summit NJ area by identifying local needs and offering donors flexible ways to make a difference in the lives of their neighbors.
Ruling year
1976
President
Ms. Dana Turk
Main address
PO Box 867
Summit, NJ 07902 USA
Formerly known as
Summit Area Public Foundation
EIN
22-1948007
NTEE code
Community Foundations (T31)
IRS filing requirement
This organization is required to file an IRS Form 990 or 990-EZ.
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Communication
Programs and results
What we aim to solve
Our Mission We foster philanthropy by identifying local needs and offering donors flexible ways to make a difference in the lives of their neighbors. We help purposeful individuals, families, and organizations support what matters most to them. We strengthen the region where we live, work, and interact each day. We solicit and invest funds prudently to ensure long-term growth that supports philanthropic activities. We use competitive grants and the goals of our donors to meet the needs of our community. We facilitate collaboration, awareness, and solutions for donors and service providers to improve the lives of our community members. Every year, we invest $1 million+ in the community through strategic grants; scholarships; and community and donor-advised funds.
Our programs
What are the organization's current programs, how do they measure success, and who do the programs serve?
Civic and Community
Our civic and community grants go toward addressing housing and food insecurity, work force development, grief support, and developing interactive community and green spaces.
Special Needs
Focus on organizations helping children and adults with a range of disabilities
Health
Focus on education, patient experience and access, and support for medical and health-related services
Arts & Culture
Focus on organizations offering visual and performing arts to the community
Elderly
Focus on organizations that offer support services to the elderly to maximize their well-being.
Education
Grants range from childhood education grades K-12 to literacy initiatives and English as a Second Language programs.
Where we work
Our results
How does this organization measure their results? It's a hard question but an important one.
Number of organizational partners
This metric is no longer tracked.Totals By Year
Population(s) Served
Economically disadvantaged people, Adults, Children and youth, People with disabilities
Type of Metric
Context - describing the issue we work on
Direction of Success
Increasing
Number of independent organizations served
This metric is no longer tracked.Totals By Year
Population(s) Served
Adults, Children and youth, Economically disadvantaged people, People with disabilities
Type of Metric
Outcome - describing the effects on people or issues
Direction of Success
Increasing
Total dollar amount of grants awarded
This metric is no longer tracked.Totals By Year
Population(s) Served
Adults, Children and youth, Economically disadvantaged people, People with disabilities
Type of Metric
Context - describing the issue we work on
Direction of Success
Increasing
Total number of grants awarded
This metric is no longer tracked.Totals By Year
Population(s) Served
Adults, Children and youth, People with disabilities, Economically disadvantaged people
Type of Metric
Context - describing the issue we work on
Direction of Success
Holding steady
Number of donor-advised funds
This metric is no longer tracked.Totals By Year
Population(s) Served
Adults, Children and youth
Type of Metric
Output - describing our activities and reach
Direction of Success
Increasing
Our Sustainable Development Goals
Learn more about Sustainable Development Goals.
Goals & Strategy
Learn about the organization's key goals, strategies, capabilities, and progress.
Charting impact
Four powerful questions that require reflection about what really matters - results.
What is the organization aiming to accomplish?
The Summit Foundation exists for the sole purpose of fostering philanthropic giving for our community. We support local nonprofit groups which offer food, shelter, education, arts, culture, and health programs. We maximize our community impact through strategic grantmaking, prudent management of donor contributions, and facilitation of solution-oriented collaboration among local organizations. In the past 10 years, we invested $10.3 million in the community through strategic grants, scholarships, donor-advised distributions, and special purpose funds.
Our goal is to lead community dialogue in addressing needs of local nonprofit agencies and helping donors achieve their charitable goals. Reviewing grant applications, we see the challenges of our community and the needs that nonprofit organizations address. Since 1972, we have fostered philanthropic giving, cultivated resources, and strengthened the community.
What are the organization's key strategies for making this happen?
Trustees are area residents with the best interests of the community in mind.
Trustees identify local needs by initiating dialogue and cooperation with local nonprofit agencies.
The grants committee analyzes applicants' programming requests and recommends funding within a designated budget of the foundation.
Proposals are presented to the board of trustees for vote.
Donors are provided with flexible ways to establish special funds that address their chosen causes.
Donors may also give to an Unrestricted Fund entrusting the board to decide where funds would best be utilized in accordance with the foundation' s mission.
Funds are invested to achieve long-term growth that will continue to provide funds for grants.
What are the organization's capabilities for doing this?
• Founded by local residents in 1972.
• Managed entirely by local volunteers, with no administrative staff.
• Using professional advisors to manage investments.
• Focused on nonprofit agencies providing services to people in our area.
• Educate and build awareness and connections in the community.
• Engage and cultivate relationships with supporters to grow funding sources for nonprofits.
What have they accomplished so far and what's next?
Initiated round table discussions of local nonprofits to identify areas of critical need ranging including childhood hunger, literacy initiatives, medical and health care and education needs.
How we listen
Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.
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How is your organization using feedback from the people you serve?
To identify bright spots and enhance positive service experiences, To inform the development of new programs/projects, To identify where we are less inclusive or equitable across demographic groups, To strengthen relationships with the people we serve, To understand people's needs and how we can help them achieve their goals
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Which of the following feedback practices does your organization routinely carry out?
We collect feedback from the people we serve at least annually, We take steps to get feedback from marginalized or under-represented people, We aim to collect feedback from as many people we serve as possible, We take steps to ensure people feel comfortable being honest with us, We engage the people who provide feedback in looking for ways we can improve in response, We act on the feedback we receive, We share the feedback we received with the people we serve
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What challenges does the organization face when collecting feedback?
We don't have any major challenges to collecting feedback
Financials
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Operations
The people, governance practices, and partners that make the organization tick.
Connect with nonprofit leaders
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- Analyze a variety of pre-calculated financial metrics
- Access beautifully interactive analysis and comparison tools
- Compare nonprofit financials to similar organizations
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Connect with nonprofit leaders
SubscribeBuild relationships with key people who manage and lead nonprofit organizations with GuideStar Pro. Try a low commitment monthly plan today.
- Analyze a variety of pre-calculated financial metrics
- Access beautifully interactive analysis and comparison tools
- Compare nonprofit financials to similar organizations
Want to see how you can enhance your nonprofit research and unlock more insights? Learn More about GuideStar Pro.
The Summit Foundation
Board of directorsas of 04/02/2024
Ms. Dana Turk
Martha Sayre
The Summit Foundation
Board leadership practices
GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.
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Board orientation and education
Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes -
CEO oversight
Has the board conducted a formal, written assessment of the chief executive within the past year ? Not applicable -
Ethics and transparency
Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes -
Board composition
Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes -
Board performance
Has the board conducted a formal, written self-assessment of its performance within the past three years? Not applicable
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