Smart Family Fund
- Assets
- $16.3m
- Revenue
- $888.2k
- Investments
- $15.1m
- Employees
- 0
- Location
- Lisle, IL
- Founding
- 07/2016
- Data as of
- 12/2023
- EIN
- 81-2297831
Organization Overview
Smart Family Fund is located in Lisle, IL. The organization was established in 2016. 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. Smart Family Fund 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, Smart Family Fund generated $888.2k 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 (15.0%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Smart Family Fund has awarded 143 individual grants totaling $5,980,500. 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 |
|---|---|---|---|
David Archibald Smart President And Director | 5 | $40,000 | |
Roland M Smart Vp/treasurer And Director | 5 | $40,000 | |
Jesse Safir Vp/secretary And Director | 5 | $40,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ruane Cunniff & Goldfarb Inc | 12/30/23 | $141,010 |
First Manhattan | 12/30/23 | $85,190 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $47,210 |
| Interest on Savings | $0 |
| Dividends & Interest | $382,151 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $458,845 |
| Capital Gain Net Income | $458,845 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $888,206 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $120,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $24,902 |
| Depreciation | $0 |
| Occupancy | $4,800 |
| Travel, conferences, and meetings | $5,799 |
| Printing and publications | $0 |
| Other expenses | $14,922 |
| Total operating and administrative expenses | $427,405 |
| Contributions, gifts, grants paid | $1,575,000 |
| Total expenses and disbursements | $2,002,405 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $137,206 |
| Savings and temporary cash investments | $1,053,847 |
| 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 | $16,282,187 |
| 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 | $1,647 |
| Total liabilities | $1,647 |
Grants Awarded
Over the last fiscal year, Smart Family Fund has awarded $1,575,000 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
BLAIR HOUSE RESTORATION FUND PURPOSE: 2024 ONGOING SUPPORT | $50,000 |
CAPITAL AREA FOOD BANK PURPOSE: 2024 DIRECT FOOD SUPPORT | $10,000 |
DARIEN ARTS CENTER PURPOSE: DARIEN ARTS CENTER -ONGOING GRANT | $15,000 |
EXPERIENCE CAMPS PURPOSE: EXPERIENCE CAMPS - ONGOING GRANT 2023 | $30,000 |
FAIR CHANCE PURPOSE: 2024 ONGOING SUPPORT | $25,000 |
FORD'S THEATRE SOCIETY PURPOSE: 2024 ANNUAL SUPPORT | $25,000 |