Summit Charitable Foundation Inc

The Summit Charitable Foundation Inc, a U.S. nonprofit organization established in 1991, operates as a private foundation. It is committed to promoting the well-being of people and the planet.

Mission and Focus

The organization seeks to create a world where both people and nature thrive. However, it appears to share a similar mission with another organization, The Summit Foundation, which focuses on empowering girls and women through education, health, and employment.

Financial Overview

As of 2023, Summit Charitable Foundation Inc reported significant financial metrics:

• Revenue: $5.61 million
• Expenses: $14.2 million
• Total Assets: $110 million
• Total Liabilities: $6.72 million[1].

Historically, the foundation's revenue sources have varied, including contributions, interest, dividends, and sales of assets. In 2020, notable sources of revenue included contributions and sales of assets, which comprised the majority of its income[1].

Governance and Operations

The foundation is led by key officers, including Alexis Sant as President and Diane Crockett as Chief Financial Officer. Other directors play crucial roles in managing the foundation's initiatives[1].

Tax-Exempt Status

Summit Charitable Foundation Inc is designated as a tax-exempt organization. Donations to the foundation are tax deductible, as it qualifies under the categories for religious, educational, charitable, or scientific purposes[1].