SUMMIT FOUNDATION

Cite this

Plain text SUMMIT FOUNDATION. furp.org, nonprofit organization profile, tax years 2017–2024. https://furp.org/org/summit-foundation-300595477. Retrieved 2026-10-26.

APA furp.org. (n.d.). SUMMIT FOUNDATION [Nonprofit organization profile; tax years 2017–2024]. Retrieved October 26, 2026, from https://furp.org/org/summit-foundation-300595477

MLA “SUMMIT FOUNDATION.” furp.org, tax years 2017–2024, https://furp.org/org/summit-foundation-300595477. Accessed 26 Oct. 2026.

Retrieved 2026-10-26; covers tax years 2017–2024. Data: furp.org, CC BY 4.0.

2024 · Form 990 · revenue $104.3M · expenses $43K · assets $77.4M

EIN
30-0595477
Address
14830 CHOATE CIR, CHARLOTTE, NC 28273-9105
NTEE code
-
Exempt type
501(c)(3): charitable, religious, educational, scientific or literary (corporation)
Ruling date
August 2010 (when the IRS recognized its exemption)
IRS status
Exempt (unconditional) (IRS Business Master File) IRS data ↗
Tax-deductible donations
Yes: listed in IRS Publication 78 (supporting organization) Pub 78 ↗
Foundation status
Supporting organization, 509(a)(3)
Cross-check
ProPublica Nonprofit Explorer

Mission

THE FOUNDATION SEEKS TO FURTHER THE KINGDOM OF GOD BY SUPPORTING BENEFICIARY ORGANIZATIONS AS AN INTEGRAL PART OF THE EVANGELICAL PURPOSES OF THE BENEFICIARY ORGANIZATIONS AND THE WORLDWIDE EVANGELICAL CHRISTIAN MISSIONS AND ACTIVITIES BEING CARRIED ON BY THE BENEFICIARY ORGANIZATIONS.

Each tax year counts once: when a return was amended, only the latest return for that period is used below (superseded returns stay listed, greyed, under Finances).

People paid by the organization

2 people paid across every filing: current people first, then by total pay from this organization. Organizations counts every nonprofit each person appears on.

NameLatest titleYearsLatest year payTotal pay from hereOrganizations
Rene Palacio PRESIDENT & Director2017-2024 $85,804$528,424 1
Fred Ely SECRETARY & TREASURER2017-2024 $0$330,676 1

Officers and directors, no compensation reported

1 person listed on the returns with $0 (or no amount) in every compensation column: current people first. Hours are as filed on the latest return each person appears on.

NameLatest titleYearsHrs/wk (latest)CompensationOrganizations
Ronald Williams Director2017-2024 1 $0 reported 1

People by year

2024 · 3 people listed · 1 paid, $86K · 0 employees · 2 volunteers
NameTitleHrs/wkFrom orgFrom relatedOtherTotalOrgs
RENE PALACIO PRESIDENT & Director1 $0$59,404$26,400 $85,8041
FRED ELY SECRETARY & TREASURER2 $0$0$0 $01
RONALD WILLIAMS Director1 $0$0$0 $01
2023 · 3 people listed · 1 paid, $86K · 0 employees · 2 volunteers
NameTitleHrs/wkFrom orgFrom relatedOtherTotalOrgs
RENE PALACIO PRESIDENT & Director1 $0$59,404$26,400 $85,8041
FRED ELY SECRETARY & TREASURER2 $0$0$0 $01
RONALD WILLIAMS Director1 $0$0$0 $01
2022 · 3 people listed · 1 paid, $80K · 0 employees · 2 volunteers
NameTitleHrs/wkFrom orgFrom relatedOtherTotalOrgs
RENE PALACIO PRESIDENT1 $0$79,529$0 $79,5291
FRED ELY SECRETARY & TREASURER2 $0$0$0 $01
RONALD WILLIAMS BOARD MEMBER1 $0$0$0 $01
2021 · 3 people listed · 2 paid, $89K · 0 employees · 1 volunteer
NameTitleHrs/wkFrom orgFrom relatedOtherTotalOrgs
RENE PALACIO PRESIDENT1 $0$33,882$42,150 $76,0321
FRED ELY SECRETARY & TREASURER2 $0$9,030$4,082 $13,1121
RONALD WILLIAMS BOARD MEMBER1 $0$0$0 $01
2020 · 3 people listed · 2 paid, $198K · 0 employees · 3 volunteers
NameTitleHrs/wkFrom orgFrom relatedOtherTotalOrgs
Rene Palacio President1 $0$54,078$56,334 $110,4121
Fred Ely Secretary & Treasurer2 $0$54,180$33,492 $87,6721
Ronald Williams Board Member1 $0$0$0 $01
2019 · 3 people listed · 2 paid, $174K · 0 employees · 3 volunteers
NameTitleHrs/wkFrom orgFrom relatedOtherTotalOrgs
Rene Palacio President1 $0$38,250$52,593 $90,8431
Fred Ely Secretary & Treasurer2 $0$53,343$30,168 $83,5111
Ronald Williams Board Member1 $0$0$0 $01
2018 · 3 people listed · 1 paid, $77K · 0 employees · 2 volunteers
NameTitleHrs/wkFrom orgFrom relatedOtherTotalOrgs
Fred Ely Secretary & Treasurer2 $0$53,127$23,742 $76,8691
Rene Palacio President1 $0$0$0 $01
Ronald Williams Board Member1 $0$0$0 $01
2017 · 3 people listed · 1 paid, $70K · 0 employees · 3 volunteers
NameTitleHrs/wkFrom orgFrom relatedOtherTotalOrgs
Fred Ely Secretary & Treasurer2 $0$48,945$20,567 $69,5121
Rene Palacio President1 $0$0$0 $01
Ronald Williams Board Member1 $0$0$0 $01

Highest-paid independent contractors

2017 · 1 contractor · $103K
NameLocationServicePaid
Curtis Mallet-Prevost Colt & Mosle LLPNew York, NYLegal Fees$102,617

Who the money went to

Grants this organization reported paying: Schedule I Part II of the Form 990, or the grants-paid list on the 990-PF. Open a year for every recipient. Recipients link to their own page when the grant names an EIN we have (990-PF grants list no EIN, so those link only on an exact, unique name and state). Grants to individuals are counted; their names are not shown.

2023 · 4 grants to organizations · $436.7M

Listed grants add up to $436,677,500; the return's “grants paid” expense line says $446,677,500. Returns can differ here (grants paid vs. accrued, items listed elsewhere); check the filing.

2022 · 2 grants to organizations · $106K
2021 · 4 grants to organizations · $127.5M
2020 · 6 grants to organizations · $339K
2019 · 49 grants to organizations · $4.2M
2018 · 26 grants to organizations · $3.2M
2017 · 26 grants to organizations · $7.4M

Negative amounts are returned or refunded grants; they are listed last and left out of the totals of grants paid.

Who gave

Contributor names are not public for this form type.

Public charities filing Form 990 or 990-EZ report large donors on Schedule B, but the IRS withholds their names and addresses from public copies. Private foundations (990-PF) are different: their contributors are public.

Finances

Newest first. Each filing: its name on one row, its figures on the row beneath. Greyed filings are superseded by a later return for the same period and are left out everywhere else on this page.

RevenueExpensesAssetsNet assetsContributionsProgram revenueOfficer payEmployeesVolunteers
2024 · Form 990 period ending 2024-12-31 · view filing · original 990 ↗
$104,295,775$43,309 $77,373,055$77,373,055 $103,279,000$0 $002
2023 · Form 990 period ending 2023-12-31 · view filing · original 990 ↗
$447,080,568$446,711,946 $4,924,079$4,924,079 $446,300,000$0 $002
2022 · Form 990 period ending 2022-12-31 · view filing · original 990 ↗
$100,005$112,362 $3,995,741$3,995,741 $0$0 $002
2021 · Form 990 period ending 2021-12-31 · view filing · original 990 ↗
$100,005$127,532,699 $3,419,609$3,419,609 $0$0 $001
2020 · Form 990 period ending 2020-12-31 · view filing · original 990 ↗
$15$351,941 $50,851,473$50,851,473 $0$0 $003
2019 · Form 990 period ending 2019-12-31 · view filing · original 990 ↗
$3,500,235$4,232,148 $51,203,610$51,203,399 $0$0 $003
2018 · Form 990 period ending 2018-12-31 · view filing · original 990 ↗
$4,200,192$3,234,467 $51,910,523$51,910,312 $0$0 $002
2017 · Form 990 period ending 2017-12-31 · view filing · original 990 ↗
$5,800,368$7,550,875 $50,957,207$50,944,587 $0$0 $003

Connected to

Organizations that list some of the same people on their returns (officers, directors, key employees on this organization’s latest return), and related organizations it lists on Schedule R.

Funders of this organization

1 grantor reported grants to this organization, $549,579,000 in all, tax years 2023 to 2024. Exact: the grantor wrote this organization's EIN. Fuzzy: the grantor wrote only a name (foundations' 990-PF has no EIN field), matched to the same or a near-identical name in the same state; the name as filed is shown. From the latest return for each grantor and year, so amended returns aren't counted twice. CSV

GrantorTypeMatchYears givenGrantsTotalLatest yearLatest year's amountGrants
FOUNDATION FOR WORLD EVANGELISM Public charity Exact 2023-2024 2$549,579,000 2024$103,279,000
show

Similar organizations

Ranked without any AI: same NTEE code first, then the same NTEE group; then revenue within 2x, 5x or 10x; then the same state; then similar name and mission text. Same state only · More (100)

OrganizationStateNTEELatest revenueLatest expensesTop-paid titleTop payWhy similar
SAMS FOUNDATIONDCE12 $61,395,982$66,558,050 EXECUTIVE DIRECTOR$187,923 Similar name, revenue within 2x
AB FOUNDATIONDCW05 $74,574,500$70,499,037 CHAIR$200,000 Similar name, revenue within 2x
S & R FOUNDATIONDCT20 $41,360,720$8,283,511 Staff$91,461 Similar name, revenue within 5x
SUNDARI FOUNDATION INCFLL41 $19,229,857$17,526,978 EMPLOYEE$130,540 Similar name, revenue within 10x
SAMIS FOUNDATIONWAT22 $16,645,587$14,542,674 CHIEF EXECUTIVE OFFICER$207,162 Similar name, revenue within 10x
FORGE FOUNDATIONNCN19 $75,600$46,993 President$0 Similar name, revenue differs more than 10x, same state
SIMPSON FOUNDATIONNCNot reported $241$550 CHAIRMAN$0 Similar name, revenue differs more than 10x, same state
SONG SUMMIT FOUNDATION INCUTA20 $373,064$330,915 Executive Director$36,539 Similar name, revenue differs more than 10x
SUMMIT OV FOUNDATIONNYT20 $1,120,428$353,508 CHAIRMAN$0 Similar name, revenue differs more than 10x
SUH FOUNDATIONCAB90 $56,063$5,825 Director$0 Similar name, revenue differs more than 10x
SUMMIT LEADERSHIP FOUNDATIONTNX20 $1,252,489$1,354,879 Executive Director$95,000 Similar name, revenue differs more than 10x
SWMCH FOUNDATIONMNB11 $61,144$52,030 SECRETARY/TRUSTEE$0 Similar name, revenue differs more than 10x
SESH FOUNDATIONTXS43 $1,699$1,112 CEO$0 Similar name, revenue differs more than 10x
S FOUNDATIONFLN20 $61,858$62,639 Board Member/ Director$3,100 Similar name, revenue differs more than 10x
ENVISION SUMMIT FOUNDATION INCNHB60 $57,720$75,704 PRESIDENT & DIRECTOR$0 Similar name, revenue differs more than 10x
L&S FOUNDATIONWAY03 $45,342$13,036 CEO, CLO, and Board Chair$0 Similar name, revenue differs more than 10x
SNV FOUNDATIONWAK99 $75,478$64,164 President$0 Similar name, revenue differs more than 10x
STAR FOUNDATIONCANot reported $368,373$372,108 Director$0 Similar name, revenue differs more than 10x
SNS FOUNDATIONFLNot reported $30,961$5,995 CHAIRMAN OF THE BOARD$0 Similar name, revenue differs more than 10x
SMH FOUNDATIONLAE11 $374,390$591,078 Executive Dir.$120,525 Similar name, revenue differs more than 10x
BHC FOUNDATIONMONot reported $168,104$307,763 EXECTIVE DIRECTOR$171,082 Similar name, revenue differs more than 10x
FDP FOUNDATIONDCT02 $1,213,285$787,803 Executive Director$315,000 Similar name, revenue differs more than 10x
L3 FOUNDATIONTXG30 $94,985$290,232 President$0 Similar name, revenue differs more than 10x
BOX IT FOUNDATIONILT30 $86,236$80,015 DIRECTOR$0 Similar name, revenue differs more than 10x
IAM FOUNDATIONAZW05 $176,430$93,426 Director, Vice President$36,000 Similar name, revenue differs more than 10x

Who funds organizations like this

Grantors that funded the 100 most similar organizations. Ranked by total given to them. Foundations (990-PF) and donor-advised fund sponsors only. Same matching as Funders above (by EIN, or by name for foundations).

GrantorTypeTotal givenGrantsOrganizations fundedYearsWhich ones
FIDELITY INVESTMENTS CHARITABLE GIFT FUND DAF sponsor$7,721,19567 212016–2024 SAMS FOUNDATION; BGV FOUNDATION; OK FOUNDATION; SUNDARI FOUNDATION INC and 17 more
Sachiko Kuno Foundation Inc Private foundation$4,021,0006 12016–2018 S & R FOUNDATION
AMERICAN ONLINE GIVING FOUNDATION INC DAF sponsor$3,204,38639 122019–2025 BGV FOUNDATION; SAMS FOUNDATION; SNV FOUNDATION; AFE FOUNDATION and 8 more
DONOR ADVISED CHARITABLE GIVING DAF sponsor$3,058,85454 182015–2024 SAMS FOUNDATION; BUDGIT FOUNDATION; SUNDARI FOUNDATION INC; HOW FOUNDATION and 14 more
FORGOOD INC DAF sponsor$1,809,97015 72012–2023 SAMS FOUNDATION; L3 FOUNDATION; AYA FOUNDATION; FARM FOUNDATION and 3 more
SILICON VALLEY COMMUNITY FOUNDATION DAF sponsor$1,600,10015 72015–2024 BGV FOUNDATION; SAMS FOUNDATION; BGH FOUNDATION; FORGE FOUNDATION and 3 more
THE MIAMI FOUNDATION INC DAF sponsor$1,528,04220 12014–2025 SUNDARI FOUNDATION INC
UNIVERSITY IMPACT DAF sponsor$1,335,5002 12023–2024 OK FOUNDATION
NATIONAL PHILANTHROPIC TR DAF sponsor$1,072,90015 102019–2024 SUNDARI FOUNDATION INC; SAMS FOUNDATION; FOUNDATION 99; SONG SUMMIT FOUNDATION INC and 6 more
THE BLACKBAUD GIVING FUND DAF sponsor$1,066,3055 42022–2025 BGV FOUNDATION; SAMS FOUNDATION; RSA FOUNDATION; SUNDARI FOUNDATION INC
PAYPAL CHARITABLE GIVING FUND DAF sponsor$808,60220 92017–2024 SAMS FOUNDATION; BGV FOUNDATION; SELAM FOUNDATION; AFE FOUNDATION and 5 more
ADAM R SCRIPPS FOUNDATION Private foundation$767,0002 12024–2024 SUNDARI FOUNDATION INC
THE CHICAGO COMMUNITY TRUST DAF sponsor$726,00010 42018–2024 SAMS FOUNDATION; FARM FOUNDATION; OK FOUNDATION; SUNDARI FOUNDATION INC
BANK OF AMERICA CHARITABLE FOUNDATION INC Private foundation$622,70036 62013–2023 SUNDARI FOUNDATION INC; AYA FOUNDATION; FARM FOUNDATION; AFE FOUNDATION and 2 more
TIDES FOUNDATION DAF sponsor$620,0002 12022–2023 BGV FOUNDATION

The full list · all similar organizations

Where the money went

Every expense line on each return, biggest first: Form 990 Part IX (with its program, management and fundraising columns), 990-EZ Part I, or 990-PF Part I. Event marks lines the organization itself describes as events. “Events” in each summary adds those lines, conferences and meetings, and the direct costs of fundraising events. Unusual is not the same as improper. Many of these patterns have ordinary explanations. Check the filing.

2024 · Form 990 · $43,309 spent · pay $0 · grants $0 · events $0
LineAs describedTotalProgramManagementFundraisingShare
Other (as described)OTHER TYPES OF EXPENSES $13,908-$13,908- 32.1%
Other (as described)1897 PORTFOLIO DEDUCTION $11,990-$11,990- 27.7%
Fees: legal $8,055$4,027$4,028$0 18.6%
Interest $6,917$0$6,917$0 16.0%
Fees: accounting $1,643$821$822$0 3.8%
Other (as described)FOREIGN TAXES PAID $389-$389- 0.9%
All other expenses $325-$325- 0.8%
Other (as described)1897 OTHER DEDUCTIONS $82-$82- 0.2%
Total$43,309100%

View the filing

2023 · Form 990 · $446,711,946 spent · pay $0 · grants $446,677,500 · events $0
LineAs describedTotalProgramManagementFundraisingShare
Grants to US organizations and governments $446,677,500$446,677,500-- 100.0%
Fees: legal $28,728$14,364$14,364$0 0.0%
Fees: accounting $2,965$1,482$1,483$0 0.0%
Other (as described)1897 PORTFOLIO DEDUCTION $2,753-$2,753- 0.0%
Total$446,711,946100%

View the filing

2022 · Form 990 · $112,362 spent · pay $0 · grants $106,250 · events $0
LineAs describedTotalProgramManagementFundraisingShare
Grants to US organizations and governments $106,250$106,250-- 94.6%
Fees: legal $3,114$1,557$1,557$0 2.8%
Fees: accounting $2,804$1,402$1,402$0 2.5%
Office expenses $194$97$97$0 0.2%
Total$112,362100%

View the filing

2021 · Form 990 · $127,532,699 spent · pay $0 · grants $127,517,131 · events $0
LineAs describedTotalProgramManagementFundraisingShare
Grants to US organizations and governments $127,517,131$127,517,131-- 100.0%
Fees: legal $9,997$4,998$4,999$0 0.0%
Fees: accounting $5,500$2,750$2,750$0 0.0%
Office expenses $71$35$36$0 0.0%
Total$127,532,699100%

View the filing

2020 · Form 990 · $351,941 spent · pay $0 · grants $338,800 · events $0
LineAs describedTotalProgramManagementFundraisingShare
Grants to US organizations and governments $338,800$338,800-- 96.3%
Fees: legal $7,742-$7,742- 2.2%
Fees: accounting $5,300-$5,300- 1.5%
Office expenses $99-$99- 0.0%
Total$351,941100%

View the filing

2019 · Form 990 · $4,232,148 spent · pay $0 · grants $4,224,249 · events $0
LineAs describedTotalProgramManagementFundraisingShare
Grants to US organizations and governments $4,224,249$4,224,249-- 99.8%
Fees: accounting $5,500-$5,500- 0.1%
Fees: legal $2,369-$2,369- 0.1%
Office expenses $30-$30- 0.0%
Total$4,232,148100%

View the filing

2018 · Form 990 · $3,234,467 spent · pay $0 · grants $3,224,118 · events $0
LineAs describedTotalProgramManagementFundraisingShare
Grants to US organizations and governments $3,224,118$3,224,118-- 99.7%
Fees: legal $5,449-$5,449- 0.2%
Fees: accounting $4,900-$4,900- 0.2%
Total$3,234,467100%

View the filing

2017 · Form 990 · $7,550,875 spent · pay $0 · grants $7,377,267 · events $0
LineAs describedTotalProgramManagementFundraisingShare
Grants to US organizations and governments $7,377,267$7,377,267-- 97.7%
Fees: legal $114,279-$114,279- 1.5%
Fees: management $40,000-$40,000- 0.5%
Fees: accounting $19,300-$19,300- 0.3%
Office expenses $29-$29- 0.0%
Total$7,550,875100%

View the filing

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.