John And Gwen Smart Foundation
- Assets
- $35.7m
- Revenue
- $1.1m
- Investments
- $33.4m
- Employees
- 0
- Location
- Lisle, IL
- Founding
- 05/2016
- Data as of
- 12/2023
- 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 12/2023, John And Gwen Smart Foundation generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (21.7%) each year. All expenses for the organization totaled $3.8m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, John And Gwen Smart Foundation has awarded 91 individual grants totaling $12,700,000. 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 |
|---|---|---|---|
William Oswald Secretary And Director | 5 | $0 | |
Ellen Oswald Treasurer And Director | 5 | $0 | |
Nancy Smart President And Director | 10 | $0 |
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 | $94,421 |
| Interest on Savings | $0 |
| Dividends & Interest | $649,068 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $384,416 |
| Capital Gain Net Income | $384,416 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,127,905 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $21,557 |
| Depreciation | $0 |
| Occupancy | $4,800 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,109 |
| Total operating and administrative expenses | $360,924 |
| Contributions, gifts, grants paid | $3,400,000 |
| Total expenses and disbursements | $3,760,924 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $286,809 |
| Savings and temporary cash investments | $1,998,379 |
| 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 | $35,675,375 |
| 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 $3,400,000 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
CALIFORNIA RANGELAND TRUST PURPOSE: GENERAL OPERATIONS | $200,000 |
CORNELL UNIVERSITY PURPOSE: WEILL CORNELL MEDICINE'S COVID 19 RESEARCH | $100,000 |
CREATIVITY EXPLORED PURPOSE: GENERAL OPERATIONS | $105,000 |
KQED PURPOSE: GENERAL OPERATINS | $55,000 |
DAY ONE NEW YORK INC PURPOSE: GENERAL OPERATIONS | $20,000 |
NY WOMENS' FOUNDATION PURPOSE: GENERAL OPERATIONS | $370,000 |