Not sure if you really want the calligraphic S to be sized as the summation symbol, taking limits above and below in display style, but here it is:
\documentclass{article}
\usepackage{amsmath,graphicx}
\makeatletter
\newcommand{\fancysum}{%
\mathop{%
\vphantom{\sum}%
\mathpalette\fancy@sum\relax
}\slimits@
}
\newcommand{\fancy@sum}[2]{%
\sbox\z@{$#1\sum$}%
\dimen@=\ht\z@
\advance\dimen@\dp\z@
\vcenter{\hbox{%
\resizebox{!}{\ifx#1\displaystyle.9\fi\dimen@}{%
$\m@th\mathcal{S}$%
}%
}}%
}
\makeatother
\begin{document}
\[
\sum_{k=a}^{b}
\fancysum_{k=a}^{b}\frac{k}{2}
\textstyle\sum\fancysum
\scriptstyle\sum\fancysum
\]
\end{document}
The \textstyle and \scriptstyle declarations are just by way of example, in order to show that the symbol scales properly.
I added a 0.9 factor in displaystyle or the overshoot would become too prominent.
