Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
Do not enter social security numbers on this form as it may be made public.
Go to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2025
Open to Public Inspection
For calendar year 2025, or tax year beginning 01 - 01 2025, and ending 12 - 31, 20 25
Name of foundation
The Summit Foundation Inc
 
Number and street (or P.O. box number if mail is not delivered to street address) PO Box 54697
  Room/suite
City or town
Philadelphia
State or province
PA
Country  
ZIP or foreign postal code
19148
A Employer identification number

37-2117735
B Telephone number (see instructions)

8778295500
C
G Check all that apply:

D 1. Foreign organizations, check here.............
2. Foreign organizations meeting the 85%
test, check here and attach computation ...
E
H Check type of organization:
F
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)$16,477,206J Accounting method:
Modified Cash
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 1,075,202
2 Check .................
3 Interest on savings and temporary cash investments 2,007 2,007  
4 Dividends and interest from securities... 460,915 460,915  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 416,619
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)... 416,619
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances 0
b Less: Cost of goods sold.... 0
c Gross profit or (loss) (attach schedule)..... 0  
11 Other income (attach schedule)....... 0 0 0
12 Total. Add lines 1 through 11........ 1,954,743 879,541 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... 0 0 0 0
b Accounting fees (attach schedule)....... 0 0 0 0
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
117,301 114,001 0 3,300
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
61,119 0 0 0
19 Depreciation (attach schedule) and depletion... 0 0 0
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
2,406 2,406 0 0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 180,826 116,407 0 3,300
25 Contributions, gifts, grants paid....... 1,360,878 1,360,878
26 Total expenses and disbursements. Add lines 24 and 25 ................ 1,541,704 116,407 0 1,364,178
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 413,039
b Net investment income (if negative, enter -0-) 763,134
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2025)
Form 990-PF (2025)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 193,762 544,884 544,884
2 Savings and temporary cash investments.........      
3 Accounts receivable  
Less: allowance for doubtful accounts   0 0 0
4 Pledges receivable  
Less: allowance for doubtful accounts   0 0 0
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions)..... 0 0 0
7 Other notes and loans receivable (attach schedule) 200,000
Less: allowance for doubtful accounts 0 200,000 Click to see attachment
List of Attached Documents:
// Content
200,000 		200,000
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 0 0 0
b Investments—corporate stock (attach schedule)....... 14,271,125 Click to see attachment
List of Attached Documents:
// Content
15,732,322 		15,732,322
c Investments—corporate bonds (attach schedule)....... 0   0
11 Investments—land, buildings, and equipment: basis 0
Less: accumulated depreciation (attach schedule) 0 0   0
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 0 0 0
14 Land, buildings, and equipment: basis 0
Less: accumulated depreciation (attach schedule) 0 0   0
15 Other assets (describe ) 0 0 0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 14,664,887 16,477,206 16,477,206
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons 0 0
21 Mortgages and other notes payable (attach schedule)...... 0 0
22 Other liabilities (describe )    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 14,464,887 16,477,206
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 14,464,887 16,477,206
30 Total liabilities and net assets/fund balances (see instructions). 14,464,887 16,477,206
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
14,464,887
2
Enter amount from Part I, line 27a .....................
2
413,039
3
Other increases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
3
1,599,280
4
Add lines 1, 2, and 3 ..........................
4
16,477,206
5
Decreases not included in line 2 (itemize)
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
16,477,206
Form 990-PF (2025)
Form 990-PF (2025)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Charles Schwab - 1512 P    
b Charles Schwab - 9005 P    
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 1,246,621   819,034 427,587
b 3,861,575   3,872,543 -10,968
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a     0 427,587
b     0 -10,968
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 416,619
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ......................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 10,608
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) Click to see attachment
List of Attached Documents:
// Content
2 0
3 Add lines 1 and 2........................... 3 10,608
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 10,608
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 15,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 15,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 255
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed....... 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid... 10 4,137
11 Enter the amount of line 10 to be: Credited to 2026 estimated tax4,137 Refunded 11 0
For Refunded amount, also complete and attach Form 8050. See instructions.
Form 990-PF (2025)
Form 990-PF (2025)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. $ 0(2) On foundation managers.$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
 
No
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
FL
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2025 or the taxable year beginning in 2025? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. Click to see attachment
List of Attached Documents:
// Content
...............................
10
Yes
 
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressnone
14
The books are in care ofIgnite Philanthropy Telephone no. (513) 401-8582

Located at308 E 8th Street 4th FloorCincinnatiOH ZIP+445202
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........
and enter the amount of tax-exempt interest received or accrued during the year ........
15
 
16 At any time during calendar year 2025, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country
Form 990-PF (2025)
Form 990-PF (2025)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2025? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2025, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2025?....................
2a
 
No
If "Yes," list the years 20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2025 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Form 4720, Schedule C, to determine
if the foundation had excess business holdings in 2025.).....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2025? ..
4b
 
No
Form 990-PF (2025)
Form 990-PF (2025)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
JC Shifman President
1.00 		0 0  
PO Box 54697
Philadelphia,PA19148
SJ Shifman Vice President
1.00 		0 0  
PO Box 54697
Philadelphia,PA19148
A Shifman Secretary/Treasurer
1.00 		0 0  
PO Box 54697
Philadelphia,PA19148
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
 
Total number of other employees paid over $50,000................... 0
Form 990-PF (2025)
Form 990-PF (2025)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
 
Total number of others receiving over $50,000 for professional services.............right arrow  
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................0
Form 990-PF (2025)
Form 990-PF (2025)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
14,810,771
b
Average of monthly cash balances.......................
1b
667,636
c
Fair market value of all other assets (see instructions)................
1c
200,000
d
Total (add lines 1a, 1b, and 1c).......................
1d
15,678,407
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
 
3
Subtract line 2 from line 1d.........................
3
15,678,407
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
235,176
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
15,443,231
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
772,162
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
772,162
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
10,608
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
10,608
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
761,554
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
761,554
6
Deduction from distributable amount (see instructions) .................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
761,554
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, line 26, column (d) ..........
1a
1,364,178
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
1,364,178
Form 990-PF (2025)
Form 990-PF (2025)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2024 		(c)
2024 		(d)
2025
1 Distributable amount for 2025 from Part X, line 7 761,554
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only....... 321,665
b Total for prior years:20 , 20, 2021 0
3 Excess distributions carryover, if any, to 2025:
a From 2020...... 0
b From 2021...... 0
c From 2022...... 0
d From 2023...... 0
e From 2024...... 1,082,307
f Total of lines 3a through e ........ 1,082,307
4Qualifying distributions for 2025 from Part
XI, line 4: $ 1,364,178
a Applied to 2024, but not more than line 2a 321,665
b Applied to undistributed income of prior years
(Election required—see instructions) ..... 		0
c Treated as distributions out of corpus (Election
required—see instructions) ........ 		0
d Applied to 2025 distributable amount..... 761,554
e Remaining amount distributed out of corpus 280,959
5 Excess distributions carryover applied to 2025.   0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 1,363,266
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2024. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2025. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2026 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2020 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2026.
Subtract lines 7 and 8 from line 6a ...... 		1,363,266
10 Analysis of line 9:
a Excess from 2021 .... 0
b Excess from 2022 .... 0
c Excess from 2023 .... 0
d Excess from 2024 .... 1,082,307
e Excess from 2025 .... 280,959
Form 990-PF (2025)
Form 990-PF (2025)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2025, enter the date of the ruling ......
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2025 (b) 2024 (c) 2023 (d) 2022
         
b 85% (0.85) of line 2a .......          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, 3b, or 3c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
JS and SJ Shifman
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, 2b, 2c, and 2d. See instructions
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2025)
Form 990-PF (2025)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

A Book A Day

513 S Melville St
Philadelphia,PA19143 		None   Program 2,500

Abolitionist Law Center

PO Box 23032
Pittsburgh,PA15222 		None   Program 2,500

Al-Bustan Seeds Of Culture

310 Master St
Philadelphia,PA19122 		None   Program 1,000

Apa Sherpa Foundation

Po Box 711116
Salt Lake City,UT841711116 		None   Program 2,000

Atlanta Dogwood Festival

931 Monroe Drive Ste102 356
Atlanta,GA30308 		None   Program 15,000

Backline

Po Box 13511
Portland,OR97213 		None   Program 5,000

Backyard Basecamp Inc

5111 Plainfield Ave
Baltimore,MD21206 		None   Program 2,093

Border Kindness

Po Box 2454
El Centro,CA92244 		None   Program 500

Cain - Churches Active In Northside

4230 Hamilton Ave
Cincinnati,OH45223 		None   Program 25,000

Central Clinic Inc

311 Albert Sabin Way
Cincinnati,OH45229 		None   Program 3,051

Chattahoochee National Parks Conservancy

PO Box 769332
Roswell,GA30076 		None   Program 10,000

Chattahoochee Riverkeeper

6020 River View Road SE
Atlanta,GA30126 		None   Program 30,000

Chicago Bird Collision Monitors

PO Box 7178
Villa Park,IL601817178 		None   Program 2,000

Chicago Parks Foundation

541 N Fairbanks Court
Chicago,IL606113319 		None   Program 2,010

Cincinnati Parks Foundation

421 Oak St
Cincinnati,OH45219 		None   Program 4,000

Conscious Alliance

3801 Industrial Ln
Broomfield,CO80020 		None   Program 2,500

Culturetrust Greater Philadelphia

1315 Walnut Street Suite 300
Philadelphia,PA19107 		None   Program 500

Doctors Without Borders

PO Box 5023
Hagerstown,MD21741 		None   Program 5,000

Earth Justice

50 California St Ste 500
San Francisco,CA941114608 		None   Program 15,000

Earthroots Field School Inc

PO Box 504
Trabuco CYN,CA92678 		None   Program 2,582

Entertainment Industry Foundation

10880 Wilshire Blvd Suite 1400
Los Angeles,CA90024 		None   Program 500

Environmental Defense Fund

257 Park Avenue South
New York,NY100107304 		None   Program 15,000

Fairness & Accuracy In Reporting Inc

124 W 30Th Street Suite 201
New York,NY10001 		None   Program 1,000

Fractured Atlas

228 Park Ave S 56651
New York,NY10003 		None   Program 1,000

Fraxa Research Foundation Inc

10 Prince Pl
Newburyport,MA01950 		None   Program 2,500

Garces Family Foundation

1901 South 9Th Street Room 205
Philadelphia,PA19148 		None   Program 500

Georgia River Network

126 S Milledge Ave E3
Athens,GA30605 		None   Program 38,000

Hyde Park School Pto Inc

3401 Edwards Rd
Cincinnati,OH452082105 		None   Program 3,000

Impacting Tomorrow

455 Wards Corner Rd
Loveland,OH45140 		None   Program 30,000

Inter-Church Organization Inc

901 York Street
Newport,KY41071 		None   Program 20,000

Iowa Kitchen Inc

834 Park St
Grinnell,IA501122148 		None   Program 3,000

Jewish Federation Council Of Greater La

6505 Wilshire Blvd
Los Angeles,CA90048 		None   Program 5,000

Jscreen

6 Woodrow Road
Hanover,NH03755 		None   Program 50,000

Jtp Professional Service Corporation

2038 Ford Pkwy 444
Saint Paul,MN551161931 		None   Program 15,000

Juntos

600 Washington Ave Unit 18Ua
Philadelphia,PA19147 		None   Program 2,500

Last Mile Food Rescue

1775 Mentor Ave
Cincinnati,OH452123575 		None   Program 17,000

Life Inter Faith Team On Unemployment And Poverty

100 Midland Ave
Glenwood Springs,CO81601 		None   Program 1,500

Mayday Medicines Inc

767 Broadway 1555
New York,NY10003 		None   Program 15,000

Mazon A Jewish Response To Hunger

10850 Wilshire Blvd Ste 400
Los Angeles,CA900244316 		None   Program 3,000

Metropolitan Organization Countering Sexual Assault

3100 Broadway Blvd Ste 400
Kansas,MO641112591 		None   Program 2,000

Mid-Iowa Community Action -Mica- Incorporated

1001 S 18Th Ave
Marshalltown,IA501853662 		None   Program 3,000

Midtown Neighborhood Opportunities Corporation

1202 S Boyle Ave
St Louis,MO63110 		None   Program 9,242

Mile High United Way

711 Park Avenue West
Denver,CO80205 		None   Program 5,000

Natural Resources Defense Council

40 West 20Th St
New York,NY10011 		None   Program 45,000

Negro Leagues Baseball Museum

1616 E 18Th St Kansas City
Kansas,MO64108 		None   Program 500

New York Communities Organizing Fund Inc

1 Metrotech Center Brooklyn Ny 11
Brooklyn,NY11201 		None   Program 1,000

Northeastern Minnesotans For Wilderness

16 N 1St Ave E
Ely,MN55731 		None   Program 500

Nourishing Hope

1716 W Hubbard St
Chicago,IL60622 		None   Program 3,000

Philadelphia Stories

1167 West Baltimore Pike/267
Media,PA19063 		None   Program 500

Physicians For Social Responsibility Pennsylvania Inc

1735 Market Street Suite A 510
Philadelphia,PA19103 		None   Program 1,000

Planned Parenthood Of Illinois

17 N State St Ste 500
Chicago,IL606023384 		None   Program 15,000

Planned Parenthood Of Southwest & Central Florida

736 Central Ave
Sarasota,FL342364042 		None   Program 15,000

Property Of The People

1629 K St Nw
Washington,DC20006 		None   Program 1,000

Puentes De Salud

1700 South St
Philadelphia,PA19146 		None   Program 500

Refugee Women's Network

500 S Columbia Dr
Decatur,GA30030 		None   Program 35,000

Rocky Mountain Planned Parenthood Inc

7155 E 38Th Ave
Denver,CO802071630 		None   Program 1,000

Savage Sisters Recovery

187 Meredith Ave
Bryn Mawr,PA19010 		None   Program 1,000

Second Helpings Atlanta Inc

970 Jefferson St Nw Suite 5
Atlanta,GA30318 		None   Program 10,000

Showerup

6019 Thrush Ct
Soring Hill,TN371746249 		None   Program 500

Sierra Club Georgia Chapter

Po Box 1281
Decatur,GA30031 		None   Program 70,000

Society Of St Vincent Depaul Particular Council Of Cinti

1125 Bank Street
Cincinnati,OH45214 		None   Program 30,000

Society Of The Transfiguration

495 Albion Ave
Cincinnati,OH45246 		None   Program 20,000

Sojourn

1530 Dekalb Ave Ne Suite A
Atlanta,GA30307 		None   Program 15,000

Southern Environmental Law Center

120 Garrett Street Suite 400
Charlottesville,VA229025613 		None   Program 30,000

Southern Smoke Foundation

1302 Waugh Dr 970
Houston,TX77019 		None   Program 1,000

Talbert House

2600 Victory Parkway
Cincinnati,OH45206 		None   Program 13,000

The Brigid Alliance Inc

Po Box 58
New York,NY10024 		None   Program 15,000

The Intercept Media

15 W 38Th St Unit 636
New York,NY100185501 		None   Program 500

Together In Service

201 N Los Angeles St Suite 6
Los Angeles,CA90012 		None   Program 2,500

Trans Lifeline

548 Market St Pmb 15337
San Francisco,CA941045401 		None   Program 500

Transgender Law Center

Po Box 70976
Oakland,CA946120976 		None   Program 2,500

Treepeople Inc

12601 Mulholland Dr
Beverly Hills,CA90210 		None   Program 2,625

Valley Meals And More

36 Native Lane
Glenwood Springs,CO81601 		None   Program 1,200

Voces Unidas De Las Montanas

P O Box 3157
Glenwood Springs,CO81602 		None   Program 2,500

We Don't Waste

6090 E 39Th Street
Denver,CO802071302 		None   Program 2,500

Weecycle

5590 Joliet Street
Denver,CO80239 		None   Program 1,000

Women's Reproductive Rights Assistance Project Wrrap

1902A Lincoln Blvd Suite 1338
Santa Monica,CA904051315 		None   Program 265,000

World Bicycle Relief Nfp

1000 W Fulton Market Fl 4
Chicago,IL606071299 		None   Program 1,575

Jewish Federation Of Naples

4720 Pine Ridge Rd
Naples,FL34119 		None   Program 10,000

American Jewish Committee

Mail Code 6760 PO Box 7247
Philadelphia,PA191700001 		None   Program 27,500

American Jewish Joint Distribution Committee

PO Box 4124
New York,NY10163 		None   Program 10,000

Americas River Roots Experience

425 Walnut Street Suite 1800
Cincinnati,OH45202 		None   Program 10,000

Aspen Jewish Congregation

77 Meadwood Drive
Aspen,CO81611 		None   Program 50,000

Children's Theatre Of Cincinnati

4015 Red Bank Road
Cincinnati,OH45227 		None   Program 10,000

Cincinnati Ballet Company

1801 Gilbert Ave
Cincinnati,OH45202 		None   Program 15,000

Cincinnati Institute Of Fine Arts

20 East Central Parkway Ste 200
Cincinnati,OH45202 		None   Program 5,000

Cincinnati Parks Foundation

421 Oak St
Cincinnati,OH45219 		None   Program 7,500

Cincinnati Playhouse In The Park

962 Mt Adams Circle
Cincinnati,OH45202 		None   Program 2,500

Conservancy Of Southwest Florida

1495 Smith Preserve Way
Naples,FL34102 		None   Program 5,000

Corporation For Findlay Market

Po Box 14727
Cincinnati,OH45202 		None   Program 10,000

Earth Justice

50 California St Ste 500
San Francisco,CA941114608 		None   Program 2,500

Green Umbrella

3080 Exploration Ave
Cincinnati,OH452066500 		None   Program 5,000

Impact Israel

4340 East-West Hwy Suite 202
Bethesda,MD20814 		None   Program 1,000

Jewish Federation Council Of Greater La

6505 Wilshire Blvd
Los Angeles,CA90048 		None   Program 5,000

Jewish Federation Of Cincinnati

8499 Ridge Rd
Cincinnati,OH45236 		None   Program 50,000

Natural Resources Defense Council

40 West 20Th St
New York,NY10011 		None   Program 20,000

Planned Parenthood Southwest Ohio Region

2314 Auburn Ave
Cincinnati,OH452192802 		None   Program 10,000

Sierra Club Foundation

2101 Webster St Suite 1250
Oakland,CA94612 		None   Program 1,000

Sierra Club Miami Group

103 William Howard Taft Rd
Cincinnati,OH45219 		None   Program 1,000

Talbert House

2600 Victory Parkway
Cincinnati,OH45206 		None   Program 10,000

The Conservation Fund

1655 North Fort Myer Drive
Arlington,VA22209 		None   Program 1,000

United Way Of Greater Cincinnati

2400 Reading Road
Cincinnati,OH452021458 		None   Program 100,000

Uva School Of Education And Human Development Foundation

2420 Old Ivy Road
Charlottesville,VA20904 		None   Program 1,000

Washington Institute For Near East Policy

1111 19Th St Nw Ste 500
Washington,DC20036 		None   Program 29,000
Total ................................. 3a 1,380,878
bApproved for future payment
Total ................................. 3b 0
Form 990-PF (2025)
Form 990-PF (2025)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 2,007  
4 Dividends and interest from securities ....     14 460,915  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 416,619  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 879,541 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
879,541
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2025)
Form 990-PF (2025)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Preparer's name Preparer's Signature Date Check if self-
employed 		PTIN
Firm's name
Firm's EIN
Firm's address


Phone no.
Form 990-PF (2025)
Additional Data


Software ID: 25022866
Software Version: 2025v4.1


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.
Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
Name of the organization
The Summit Foundation Inc
 
Employer identification number

37-2117735
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ
501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization


Form 990-PF
501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation
Check if your organization is covered by the General Rule or a Special Rule.  
Note:  Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 2025) Page 2
Name of organization
The Summit Foundation Inc
  		Employer identification number
37-2117735
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
Marjorie J Cohen Revocable Trust UA DTD 10292010
 
2630 Grey Oaks Drive North 15
 
Naples, FL34105

$ 234,135


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
Steve and Julie Shifman
 
2630 Grey Oaks Drive North 15
 
Naples, FL34105

$ 841,067


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 3
Name of organization
The Summit Foundation Inc
  		Employer identification number

37-2117735
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 Securities $ 234,135 2025-12-03
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
2
 Securities $ 841,067 2025-08-11
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
The Summit Foundation Inc
  		Employer identification number

37-2117735
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (Rev. 1-2025)
Additional Data


Software ID: 25022866
Software Version: 2025v4.1

TY 2025 InvestmentsCorpStockSchedule
Name:
The Summit Foundation Inc
EIN:
37-2117735
Software ID:
25022866
Software Version:
2025v4.1
Name of Stock End of Year Book Value End of Year Fair Market Value
Prior Year    
IEMG 520,821 520,821
IEFA 1,960,874 1,960,874
IVV 5,178,146 5,178,146
EFA 104,193 104,193
JPST 319,881 319,881
VEA 147,429 147,429
IVOO 1,201,738 1,201,738
VIOO 318,788 318,788
APDFX 255,150 255,150
DBLFZ 990,398 990,398
PIMIX 800,744 800,744
GLIFX 590,441 590,441
TORIX 384,815 384,815
IEMG 123,416 123,416
IEFA 454,904 454,904
IJR 82,323 82,323
IVV 1,096,589 1,096,589
JPST 109,730 109,730
IVOO 265,972 265,972
VTI 185,740 185,740
APDFX 54,943 54,943
DBLFX 218,583 218,583
PIMIX 165,878 165,878
GLIFX 120,316 120,316
TORIX 80,510 80,510

TY 2025 OtherExpensesSchedule
Name:
The Summit Foundation Inc
EIN:
37-2117735
Software ID:
25022866
Software Version:
2025v4.1
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Service Charge 238 238 0 0
Travel 2,168 2,168 0 0


TY 2025 OtherIncreasesSchedule
Name:
The Summit Foundation Inc
EIN:
37-2117735
Software ID:
25022866
Software Version:
2025v4.1
Description Amount
Unrealized gain/(loss) 1,598,220
Cost basis Adjustment 1,060


Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2025 OtherNotesLoansRcvblLongSch
Name:
The Summit Foundation Inc
EIN:
37-2117735
Software ID:
25022866
Software Version:
2025v4.1

Borrower's Name Relationship to Insider Original Amount of Loan Balance Due Date of Note Maturity Date Repayment Terms Interest Rate Security Provided by Borrower Purpose of Loan Description of Lender Consideration Consideration FMV
Cincinnati Development Fund Inc none 200,000 200,000 2024-10 2034-09   100 %       200,000

TY 2025 OtherProfessionalFeesSchedule
Name:
The Summit Foundation Inc
EIN:
37-2117735
Software ID:
25022866
Software Version:
2025v4.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Advisory Fees 84,301 84,301 0 0
Consulting Fee 33,000 29,700 0 3,300


TY 2025 TaxesSchedule
Name:
The Summit Foundation Inc
EIN:
37-2117735
Software ID:
25022866
Software Version:
2025v4.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Taxes 61,119 0 0 0