John And Gwen Smart Foundation
- Assets
- $32.2m
- Revenue
- $4.3m
- Investments
- $24.9m
- Employees
- 0
- Location
- Lisle, IL
- Founding
- 05/2016
- Data as of
- 12/2020
- EIN
- 81-1535437
Organization Overview
John And Gwen Smart Foundation is located in Lisle, IL. The organization was established in 2016. 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. John And Gwen Smart 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 12/2020, John And Gwen Smart Foundation generated $4.3m in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $3.3m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, John And Gwen Smart Foundation has awarded 25 individual grants totaling $2,800,000. 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 |
|---|---|---|---|
Nancy Smart President And Director | 10 | $30,000 | |
William Oswald Secretary And Director | 5 | $17,556 | |
Ellen Oswald Treasurer And Director | 5 | $17,556 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ruane Cunniff & Goldfarbinc | 12/30/20 | $292,666 |
First Manhattan Co | 12/30/20 | $83,331 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $32,472 |
| Interest on Savings | $0 |
| Dividends & Interest | $307,196 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,933,566 |
| Capital Gain Net Income | $3,933,566 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,273,234 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $65,112 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $55,912 |
| Depreciation | $0 |
| Occupancy | $4,800 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,740 |
| Total operating and administrative expenses | $548,470 |
| Contributions, gifts, grants paid | $2,800,000 |
| Total expenses and disbursements | $3,348,470 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $314,295 |
| Savings and temporary cash investments | $6,991,626 |
| 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 | $0 |
| Total assets | $32,190,305 |
| 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, John And Gwen Smart Foundation has awarded $2,800,000 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
NY WOMENS' FOUNDATION PURPOSE: GENERAL OPERATIONS | $330,000 |
STANFORD UNIVERSITY PURPOSE: METASTATIC BREAST CANCER RESEARCH | $300,000 |
STANFORD UNIVERSITY PURPOSE: PARKINSON'S RESEARCH | $234,000 |
Sacramento, CA PURPOSE: GENERAL OPERATIONS | $200,000 |
Chicago, IL PURPOSE: GENERAL OPERATIONS | $200,000 |
MAPS PURPOSE: GENERAL OPERATIONS | $185,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that John And Gwen Smart Foundation has recieved totaling $52,370,804.
| Awarding Organization | Amount |
|---|---|
The Smart Family Foundation Inc New Rochelle, NY PURPOSE: EXCLUSIVELY RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501( C )(3) OF THE INTERNAL REVENUE CODE | $52,370,804 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ed Uihlein Family Foundation Lake Forest, IL | $7,123,989 | $4,757,675 |
Joseph L & Sarah S Marcum Foundation Chicago, IL | $0 | $6,419,437 |
Kraft Heinz Company Foundation Chicago, IL | $398,764 | $8,002,636 |
State Farm Companies Foundation Bloomington, IL | $9,666,483 | $1,134 |
Bayer Fund St Louis, MO | $65,640,119 | $9,167,249 |
Marie C & Joseph C Wilson Foundation Chicago, IL | $0 | $53,412 |
Humana Foundation Inc Louisville, KY | $467,311,073 | $9,744,567 |
Alphawood Foundation Chicago, IL | $96,386,448 | $15,256,055 |
Steans Family Foundation Chicago, IL | $0 | $20,140,801 |
Reiman Foundation Inc Pewaukee, WI | $64,480,239 | $12,529,672 |
Roger And Susan Stone Family Foundation Northbrook, IL | $23,476,805 | $8,385,528 |
Galashiels Fund Ltd Northbrook, IL | $154,593,436 | $48,314,988 |