Donate

The Summit Foundation is supported entirely by donations. Since 1972, we have helped community-minded Summit residents reach their philanthropic goals. Whether you’re searching for a cause or know where and how you want to give, we can help.

Why Us?

  • We use competitive grants to meet the emerging needs of our community.
  • We facilitate collaboration among nonprofits to maximize the impact of our funds.
  • We invest funds prudently to ensure long-term growth and stability.

We are a grantmaking, public 501(c)(3) nonprofit, EIN 22-1948007. Donations are tax deductible to the fullest extent allowable by law.

Ways to Give

Unrestricted fund

Unrestricted gifts are extremely beneficial because they empower us to address needs as they change over time.

Donor-advised fund

Donors can create an account, name advisors, receive an immediate tax benefit, and recommend grants from the fund over time. We invest the assets, administer the funds, and distribute the grants.

Restricted-purpose fund

Donors designate a specific purpose for which their gifts or bequests may be used. We manage the funds and select grantees whose missions and work meet the donor’s initial stipulations.

Scholarships

We manage over 30 scholarships that provide $100,000+ a year for students in central and northern New Jersey. Scholarships can have certain criteria such as a specific demographic, financial need and/or academic interest.

Bequests

A fund created by your bequest can carry your name, the name of a family member, or other person you wish to honor. Named funds are a way to support your meaningful causes well into the future.


Donate Online

We accept donations online; or you can give with cash, check, credit or debit card, securities, or IRAs. Check with your employer to see if they have a matching gift program. Unless required by law, we will never share your information with anyone outside The Summit Foundation.

Gifts to our unrestricted, general fund give us the most flexibility to meet the needs of our community as they change over time.

You will be able to designate a specific fund or scholarship once you hit the Donate button.

Please include your name and address so we can acknowledge your tax-deductible donation.

Gift by Check

Make your check payable to The Summit Foundation and mail to:

The Summit Foundation
PO Box 867
Summit NJ, 07902

Gifts of Securities

By donating long-term appreciated securities, you may be able to increase your gift and your tax deduction as compared to donating in cash. Contact us at [email protected] to donate securities.

Give from your IRA

If you are 70 ½ years of age or older, you can make a tax-free gift from your IRA to a charitable entity of up to $105,000, as adjusted for inflation. Beginning at age 73, such a qualified charitable distribution can satisfy in whole or in part your minimum distribution requirements. Such tax-efficient gifts can enhance your legacy while benefitting the community today.

Legacy Planning and Designated Funds

Interested in establishing a donor-advised, scholarship, or legacy fund? Let us assist you with your philanthropic goals. Please contact us at [email protected].