Richard And Susan Smith Family Foundation
- Assets
- $287.5m
- Revenue
- $21.1m
- Investments
- $284.4m
- Employees
- 0
- Location
- Newton, MA
- Founding
- 12/1970
- Data as of
- 04/2021
- EIN
- 23-7090011
Organization Overview
Richard And Susan Smith Family Foundation is located in Newton, MA. The organization was established in 1970. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Richard And Susan Smith Family Foundation 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 04/2021, Richard And Susan Smith Family Foundation generated $21.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (18.6%) each year. All expenses for the organization totaled $21.7m during the year ending 04/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Richard And Susan Smith Family Foundation has awarded 287 individual grants totaling $30,022,037. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynne Doblin Executive Director | 40 | $365,000 | |
Shanna Shulman Senior Program Officer | 40 | $210,500 | |
Marjorie Ringrose Senior Program Officer | 40 | $200,000 | |
Amy Hampe Program Officer | 40 | $128,000 | |
Amy S Berylson Trustee | 1 | $0 | |
John G Berylson Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Goulston & Storrs | 4/29/22 | $450,857 |
Cambridge Associates Llc | 4/29/22 | $406,031 |
Deloitte Tax Llp | 4/29/22 | $60,951 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $88,881 |
| Interest on Savings | $615,093 |
| Dividends & Interest | $1,396,233 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $19,194,041 |
| Capital Gain Net Income | $18,763,238 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$150,724 |
| Total Revenue | $21,143,524 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $864,323 |
| Other employee salaries and wages | $97,253 |
| Pension plans, employee benefits | $215,145 |
| Interest | $0 |
| Taxes | $522,061 |
| Depreciation | $740 |
| Occupancy | $198,795 |
| Travel, conferences, and meetings | $322 |
| Printing and publications | $0 |
| Other expenses | $191,677 |
| Total operating and administrative expenses | $6,928,963 |
| Contributions, gifts, grants paid | $14,785,212 |
| Total expenses and disbursements | $21,714,175 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,412,876 |
| 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 | $255,033,617 |
| Net Land, buildings, and equipment | $14,845 |
| Other assets | $667,237 |
| Total assets | $287,463,199 |
| 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 | $25,000,000 |
| Total liabilities | $25,000,000 |
Grants Awarded
Over the last fiscal year, Richard And Susan Smith Family Foundation has awarded $15,236,825 in support to 162 organizations.
| Grant Recipient | Amount |
|---|---|
COMBINED JEWISH PHILANTHROPIES PURPOSE: JEWISH CAUSES | $1,500,000 |
BOSTON MEDICAL CENTER PURPOSE: HEALTH | $800,000 |
Boston, MA PURPOSE: HUMAN SERVICES | $525,446 |
Brockton, MA PURPOSE: HEALTH | $502,500 |
BRIGHAM AND WOMEN'S HOSPITAL PURPOSE: HEALTH | $500,000 |
Boston, MA PURPOSE: MEDICAL RESEARCH | $457,682 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Richard And Susan Smith Family Foundation has recieved totaling $500,000.
| Awarding Organization | Amount |
|---|---|
The Fund For Parks And Recreation In Boston Boston, MA PURPOSE: MARTIN'S PARK | $500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnhold Foundation Inc New York, NY | $497,481,101 | $53,665,580 |
The Morningside Foundation Newton Centre, MA | $22,445,720 | $11,895,776 |
The Grace And Mercy Foundation Inc New York, NY | $617,102,449 | $100,220,039 |
The Patrick J Mcgovern Foundation Inc Boston, MA | $1,660,673,846 | $20,910,577 |
One8 Foundation Boston, MA | $488,764,350 | $32,279,319 |
Peter G Peterson Foundation New York, NY | $1,055,700,983 | $50,280,779 |
Leon Levy Foundation New York, NY | $614,122,389 | $121,596,253 |
Shubert Foundation Inc New York, NY | $671,108,588 | $57,657,953 |
Hauser Foundation Inc New York, NY | $0 | $9,971,722 |
Pinkerton Foundation New York, NY | $0 | $34,479,499 |
Jerome L Greene Foundation Inc New York, NY | $761,173,462 | $44,061,271 |
Howard Gilman Foundation Inc New York, NY | $600,733,170 | $27,754,418 |