The Summit Foundation was first established in 1984 to promote the highest standards of living for visitors and tourists by acting as a revenue producer for community organizations. Through fundraising opportunities and donor contributions, the organization is known for dispersing money to local nonprofit organizations and awards local high school students with generous post-secondary education scholarships.
Fundraising events take place throughout the year with the help of local volunteers and donations. The summer of 2015 was very successful in both fundraising and grant distribution. For more information on the summers events, please continue reading below!
The 28th annual Breckenridge Grand Vacations Golf Tournament took place on June 6th and 7th. Hosted by the Summit Foundation, the event welcomed 144 golfers competing in 18 hours of scramble tournament. The event raised a record-setting $110,000 for the Summit Foundations grants and scholarship program.
Hosted each year by the Summit County Builders Association, the Summit County Parade of Homes took place in September and charges a $15 admissions fee for an individual to attend the four day event.
4,500 participants were expected to attend over the course of the two weekends. Last year year, the parade raised over $31,000 for the Summit Foundation. Contributions have not been released from the 2015 Parade of Homes at this time.
Grants & Scholarships
The Summit Foundation meeting in June proved to be extremely successful. The Board of Trustees approved $577,641 in grants to be dispersed to 53 nonprofit organizations operating out of Summit, Park, Lake and Grand County. Grant distribution exceeded over $26,000, in comparison to June of 2014.
The significant increase in grant distribution allowed an additional nine more nonprofits organizations to receive grants this year in comparison to the previous. Since the foundation was established in 1984, over $22 million in grants and scholarships has been awarded to local businesses and students.
During the month of July, the Summit Foundation awarded $31,500 in college scholarships to graduates of Summit High School, South Park High School and West Grand High School. $26,500 was dispersed to 20 different college sophomores that had also received a scholarship during their freshman year.
Students are required to show good standing at their current institution with a minimum GPA of 3.0 in order to qualify for the assistance. The addition $5,000 was awarded by the Lenzmeier/Williams Advised Fund, which supports additional sophomore, junior and senior college scholarships.
For more information about the background of the Summit Foundation, please visit Real Estate of the Summit’s blog at http://www.realestateofthesummit.com/the-summit-foundation/.