Donald And Paula Smith Family Foundation Inc
- Assets
- $93.4m
- Revenue
- $15.8m
- Investments
- $89.3m
- Employees
- 0
- Location
- New York, NY
- Founding
- 11/2001
- Data as of
- 08/2023
- EIN
- 22-3732524
Organization Overview
Donald And Paula Smith Family Foundation Inc is located in New York, NY. The organization was established in 2001. According to its NTEE Classification (W24) the organization is classified as: Citizen Participation, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Donald And Paula Smith Family Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2023, Donald And Paula Smith Family Foundation Inc generated $15.8m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 29.2% each year . All expenses for the organization totaled $11.8m during the year ending 08/2023. While expenses have increased by 0.2% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Donald And Paula Smith Family Foundation Inc has awarded 15 individual grants totaling $40,838,145. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paula Smith Director | 1 | $0 | |
Julie Smith President/dir. | 10 | $100,000 | |
Laura Winner Vp/director. | 1 | $0 | |
Richard Greenberg Treasurer/dir. | 1 | $0 | |
Jon Hartsel Secretary/dir. | 1 | $0 | |
Scott Barbee Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $54,060 |
| Dividends & Interest | $1,934,844 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $13,850,964 |
| Capital Gain Net Income | $13,850,964 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,466 |
| Total Revenue | $15,841,334 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $100,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $669,728 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $5,603 |
| Printing and publications | $0 |
| Other expenses | $133,707 |
| Total operating and administrative expenses | $1,742,081 |
| Contributions, gifts, grants paid | $10,100,000 |
| Total expenses and disbursements | $11,842,081 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,118,621 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $30,080,817 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $93,382,114 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Donald And Paula Smith Family Foundation Inc has awarded $10,100,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ATLAS NETWORK PURPOSE: TO FURTHER DONEE'S EXEMPT PURPOSE | $3,100,000 |
VANGUARD CHARITABLE PURPOSE: TO FURTHER DONEE'S EXEMPT PURPOSE | $7,000,000 |