Founded in 1984, The Summit Foundation is a community foundation that distributes grants to nonprofit organizations in Summit County and neighboring communities. Grants are awarded to organizations providing programs and/or services in Art & Culture, Education, Environment, Health & Human Services, and Sports & Recreation. The Summit Foundation also awards scholarships to graduating seniors attending post-secondary learning institutions. A four-year scholarship and college sophomore scholarships are also awarded. Grants are also awarded to nonprofit organizations in Alma, Fairplay, Kremmling and Leadville through the Neighboring Communities Grant Program. Scholarships are available to graduating seniors at the high schools located in our neighboring communities as well. Since 1986, more than $12.4 million has been granted to 221 nonprofit organizations in support of more than 1,000 programs and projects, and over 600 students through scholarship awards. In 1996, The Foundation established an endowment fund, which has received more than $4 million in gifts, pledges and planned gifts.
Impact Summary from the Nonprofit 2010 ACCOMPLISHMENTS Raised more than $1.5 million that can be distributed throughout Summit County and our neighboring communities in 2011. Increased employee giving participation by 49% to more than 800 employees contributing through payroll deduction programs at 25 businesses throughout our community. Grew the Endowment Fund to $4.7 million in assets, a 16.4% increase. Netted $140,000 from our four events, the Grand Lodge on Peak 7 Golf Tournament, Mountain Art Gathering, the Great Rubber Duck Race and Summit County Parade of Homes. Established 3 new Donor Advised Funds with over $100,000 in initial gifts. New contributions to Donor Advised Funds totaled $322,600, a 22.8% increase over 2009. Distributions from Donor Advised Funds totaled $ 254,400, a 40% increase over 2009. Distributed $1.1 million in grants to 87 nonprofit organizations in Summit County and neighboring communities. Awarded $142,000 in scholarships to 78 local high school graduates pursing post-secondary education. Assisted 7 nonprofit organizations with funding to support basic needs through a dedicated $100,000 grant from The Anschutz Foundation. Applied $50,000 in endowment funds toward the second of a three-year grant to Summit School District for a pre-collegiate program that encourages first generation students to stay in school and to pursue post-secondary education. Continues to take the lead on a community project to develop an online community resource guide. Voted Best Nonprofit Organization in Summit County, by the Summit Daily News readers.
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