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← SUMM FOUNDATION C/O PKFOD FAMILY OFFICE

Form 990 for tax year 2023

Filed by SUMM FOUNDATION C/O PKFOD FAMILY OFFICE.

Totals

Total revenue
$221,236
Total expenses
$2,092,680
Contributions and grants received
$0
Grants paid
$2,042,000
Program service revenue
$0
Investment income
$221,236
Other revenue
$0
Total assets, end of year
$3,128,556
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$3,128,556
Program services expenses (Part IX)
$2,042,000
Management and general expenses
$50,680
Fundraising expenses
$0
Program service expenses (Part III)
$2,042,000

Program services were 97.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $221,236 · related or exempt $221,236

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,042,000 · program services $2,042,000

  • 11b · Fees: legal

    total $47,263 · management and general $47,263

  • 11c · Fees: accounting

    total $3,417 · management and general $3,417

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $907,320

  • 7 · Other notes and loans receivable

    beginning of year $5,000,000 · end of year $2,221,236

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $5,000,000 · end of year $3,128,556

Mission and programs · 2023

Mission

SUMM FOUNDATION (THE ORGANIZATION) WAS ORGANIZED TO PROMOTE SOCIAL WELFARE, INCLUDING BUT NOT LIMITED TO, THE ADVANCEMENT OF SENSIBLE POLICIES THAT EXPAND LIBERTY IN ECONOMICS, SOCIAL POLICY, IMMIGRATION, AND FOREIGN AFFAIRS. THE ORGANIZATION PLANS TO ACCOMPLISH SUCH ACTIVITIES DIRECTLY OR BY MAKING GRANTS TO OTHER ORGANIZATIONS DESCRIBED IN SECTION 501(C)(4) OF THE CODE.

Activities or mission (Part I)

SEE ATTACHEDSUMM FOUNDATION (THE ORGANIZATION) WAS ORGANIZED TO PROMOTE SOCIAL WELFARE, INCLUDING BUT NOT LIMITED TO, THE ADVANCEMENT OF SENSIBLE POLICIES THAT EXPAND LIBERTY IN ECONOMICS, SOCIAL POLICY, IMMIGRATION, AND FOREIGN AFFAIRS. THE ORGANIZATION PLANS TO ACCOMPLISH SUCH ACTIVITIES DIRECTLY OR BY MAKING GRANTS TO OTHER ORGANIZATIONS DESCRIBED IN SECTION 501(C)(4) OF THE CODE.

  • DURING 2023 THE FOUNDATION MADE GRANTS TO VARIOUS ORGANIZATIONS AS PART OF IT'S MISSION.

    Expenses $2,042,000 · Grants $2,042,000

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Robert Granieri

    DIRECTOR, PRES, TREAS

    Total calculated
    $0
    Hours/week
    2

  • Sarah Groothuis

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

  • AMERICAN UNITY FUND

    $1,167,000

    DONATION TO ADVANCE DEMOCRACY, FREEDOM FOR LGBTQ AMERICANS, AND RELIGIOUS FREEDOM.

  • WINNING FOR WOMEN INC

    $200,000

    DONATION TO SUPPORT WOMEN RUNNING FOR POLITICAL OFFICE WHO VALUE ECONOMIC FREEDOM AND NATIONAL SECURITY.

  • DEFENDING DEMOCRACY

    $200,000

    DONATION TO DEFENDING AMERICA'S DEMOCRATIC NORMS AND VALUES.

  • PARENTS DEFENDING EDUCATION

    $175,000

    DONATION TO PROMOTE RESTORATION OF A SCHOOL CURRICULUM AND ENVIRONMENT FREE FROM POLITICAL IDEOLOGY.

  • NATIONAL BLACK EMPOWERMENT

    $150,000

    DONATION DEVOTED TO THE ECONOMICS, EDUCATIONAL, & SOCIAL UPLIFT OF BLACK COMMUNITIES.

  • UKRAINE FREEDOM PROJECT

    $100,000

    DONATION TO ADVANCE THE MISSION TO DELIVER SUPPLIES TO THE FRONT LINES IN THE WAR IN UKRAINE.

  • DRUG POLICY ACTION

    $50,000

    DONATION TO SUPPORT PASSAGE OF NEW DRUG LAWS AND POLICIES GROUNDED IN EVIDENCE AND EQUITY.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • LUM FOUNDATION

    501(C)(3) · GRANTS FOR CHARITABLE PURPOSES WITHIN THE MEANING OF CODE 501(C)3 · DE

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202443209349309549

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