Frank J Smith Endowment Foundation
- Assets
- $3.9m
- Revenue
- $360.9k
- Investments
- $3.8m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 12/1994
- Data as of
- 01/2022
- EIN
- 35-6598564
Organization Overview
Frank J Smith Endowment Foundation is located in Pittsburgh, PA. The organization was established in 1994. 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. Frank J Smith Endowment 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 01/2022, Frank J Smith Endowment Foundation generated $360.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $269.3k during the year ending 01/2022. While expenses have increased by 2.0% per year over the past 6 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 2016, Frank J Smith Endowment Foundation has awarded 150 individual grants totaling $1,219,918. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $96,377 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $263,920 |
| Capital Gain Net Income | $263,920 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $557 |
| Total Revenue | $360,854 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $47,344 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,525 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $50,869 |
| Contributions, gifts, grants paid | $218,413 |
| Total expenses and disbursements | $269,282 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $152,371 |
| 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 | $3,793,857 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,946,228 |
| 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, Frank J Smith Endowment Foundation has awarded $218,413 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
ST THERESE CATHOLIC CHURCH PURPOSE: GENERAL SUPPORT | $37,528 |
SACRED HEART CATHOLIC CHURCH PURPOSE: GENERAL SUPPORT | $37,528 |
Ft Lauderdale, FL PURPOSE: GENERAL SUPPORT | $37,528 |
Charlotte, NC PURPOSE: GENERAL SUPPORT | $37,528 |
PEACE EVANGELICAL LUTHERAN CH PURPOSE: GENERAL SUPPORT | $12,509 |
FAITH LUTHERAN CHURCH PURPOSE: GENERAL SUPPORT | $12,509 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
George Gund Foundation Cleveland, OH | $524,945,754 | $120,923,136 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |
Pepsico Foundation Inc Purchase, NY | $25,033,678 | $1,734,936 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Foundation Mireille And James Levy Usa New York, NY | $36,878,233 | $277,701 |
Peter Alfond Foundation Bethesda, MD | $78,752,550 | $129,307,233 |
The Bat Hanadiv Foundation No 3 New York, NY | $1,717,297,999 | $245,079,951 |