Thomas W Smith Foundation
- Assets
- $15.2m
- Revenue
- $8.9m
- Investments
- $12.4m
- Employees
- 0
- Location
- Boca Raton, FL
- Founding
- 06/2015
- Data as of
- 12/2022
- EIN
- 47-3862135
Organization Overview
Thomas W Smith Foundation is located in Boca Raton, FL. The organization was established in 2015. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Thomas W Smith Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2016, Thomas W Smith Foundation has awarded 859 individual grants totaling $88,119,168. 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 |
|---|---|---|---|
Thomas W Smith President & Chairman | 15 | $0 | |
Lori Smith Curley Trustee | 15 | $75,000 | |
Diane G Smith Vice President, Trustee | 1 | $0 | |
James Piereson Trustee/director | 25 | $350,000 | |
Victoria Mckenzie Trustee | 1 | $5,000 | |
Thomas Mcwilliams Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
James Piereson | 12/30/22 | $350,000 |
Stephen Moore | 12/30/22 | $105,000 |
Lori Smith Curley | 12/30/22 | $75,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,500,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $21,072 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,360,162 |
| Capital Gain Net Income | $2,866,928 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,881,234 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $435,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $53,584 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,231 |
| Total operating and administrative expenses | $753,077 |
| Contributions, gifts, grants paid | $9,662,278 |
| Total expenses and disbursements | $10,415,355 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,822,583 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $4,110 |
| Total assets | $15,245,274 |
| 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, Thomas W Smith Foundation has awarded $11,297,278 in support to 95 organizations.
| Grant Recipient | Amount |
|---|---|
ABIGAIL ADAMS INSTITUTE PURPOSE: EDUCATION | $75,000 |
ALEXANDER HAMILTON INSTITUTE PURPOSE: EDUCATION | $50,000 |
AMERICAN HUMANE PURPOSE: COMMUNITY | $1,000 |
AEI PURPOSE: PUBLIC POLICY | $200,000 |
ALZHEIMER'S DRUG DISCOVERY FD PURPOSE: PUBLIC POLICY | $50,000 |
AMERICAN INSTITUTE FOR ECONOMIC RESEARCH INC PURPOSE: PUBLIC POLICY | $50,000 |