Richard And Susan Smith Family Foundation
- Assets
- $318.2m
- Revenue
- $30.6m
- Investments
- $280.2m
- Employees
- 0
- Location
- Newton, MA
- Founding
- 12/1970
- Data as of
- 04/2023
- 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 04/2023, Richard And Susan Smith Family Foundation generated $30.6m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $29.4m during the year ending 04/2023. While expenses have increased by 7.3% 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 2021, Richard And Susan Smith Family Foundation has awarded 465 individual grants totaling $48,347,356. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy S Berylson Trustee | 1 | $0 | |
John G Berylson Trustee | 1 | $0 | |
Debra S Knez Trustee | 1 | $0 | |
Robert A Smith Trustee | 1 | $0 | |
Dana W Smith Trustee | 1 | $0 | |
Jennifer Block Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cambridge Associates Llc | 4/29/23 | $488,524 |
Goulston & Storrs | 4/29/23 | $379,564 |
Deloitte Tax Llp | 4/29/23 | $92,561 |
Debbie Bing | 4/29/23 | $59,625 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,400,000 |
| Interest on Savings | $481,643 |
| Dividends & Interest | $1,971,368 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $21,232,616 |
| Capital Gain Net Income | $20,101,915 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,534,026 |
| Total Revenue | $30,619,653 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $987,000 |
| Other employee salaries and wages | $122,702 |
| Pension plans, employee benefits | $325,702 |
| Interest | $0 |
| Taxes | $2,427,412 |
| Depreciation | $740 |
| Occupancy | $197,363 |
| Travel, conferences, and meetings | $4,825 |
| Printing and publications | $0 |
| Other expenses | $457,227 |
| Total operating and administrative expenses | $11,076,184 |
| Contributions, gifts, grants paid | $18,325,319 |
| Total expenses and disbursements | $29,401,503 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $37,300,592 |
| 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 | $251,011,554 |
| Net Land, buildings, and equipment | $13,365 |
| Other assets | $667,237 |
| Total assets | $318,152,176 |
| 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, Richard And Susan Smith Family Foundation has awarded $18,325,319 in support to 178 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S ASSOCIATION PURPOSE: MEDICAL RESEARCH | $120 |
ADAPTIVE SPORTS NEW ENGLAND PURPOSE: HUMAN SERVICES | $15,000 |
AMERICAN REPERTORY THEATER PURPOSE: CULTURAL VITALITY | $100 |
ANIMAL RESCUE LEAGUE OF BOSTON PURPOSE: ANIMAL WELFARE | $10,000 |
ARLINGTON EATS PURPOSE: HUMAN SERVICES | $2,500 |
APPLE ORCHARD SCHOOL PURPOSE: EDUCATION | $2,500 |