May And Stanley Smith Charitable Trust
- Assets
- $490.1m
- Revenue
- $29.6m
- Investments
- $454.3m
- Employees
- 0
- Location
- Corte Madera, CA
- Founding
- 09/1989
- Data as of
- 12/2020
- EIN
- 94-6622075
Organization Overview
May And Stanley Smith Charitable Trust is located in Corte Madera, CA. The organization was established in 1989. 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. May And Stanley Smith Charitable Trust 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, May And Stanley Smith Charitable Trust generated $29.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (13.2%) each year. All expenses for the organization totaled $31.9m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ruth M Collins Trustee/ceo | 40 | $284,015 | |
Amy Freeman Director Of Programs | 40 | $180,502 | |
Lisa Trygg Senior Program Offic | 40 | $156,000 | |
William Lockwood Senior Program Offic | 40 | $149,601 | |
Elisabeth Cutler Senior Program Offic | 40 | $149,000 | |
Kelly Kent Senior Program Offic | 40 | $138,600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $178,025 |
| Dividends & Interest | $9,659,111 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,916,897 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $8,845,452 |
| Total Revenue | $29,599,485 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $532,315 |
| Other employee salaries and wages | $1,005,625 |
| Pension plans, employee benefits | $547,353 |
| Interest | $0 |
| Taxes | $512,743 |
| Depreciation | $0 |
| Occupancy | $196,367 |
| Travel, conferences, and meetings | $12,097 |
| Printing and publications | $0 |
| Other expenses | $1,479,267 |
| Total operating and administrative expenses | $6,691,040 |
| Contributions, gifts, grants paid | $25,161,618 |
| Total expenses and disbursements | $31,852,658 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $35,267,833 |
| Net Accounts receivable | $485,654 |
| 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 | $6,322 |
| Prepaid expenses and deferred charges | $97,859 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $90,123,085 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $490,127,774 |
| Accounts payable and accrued expenses | $907,720 |
| Grants payable | $10,200,000 |
| 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 | $11,107,720 |
Grants Awarded
Over the last fiscal year, May And Stanley Smith Charitable Trust has awarded $25,161,618 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
VARIOUS ORGANIZATIONS - CASH BASIS PURPOSE: GENERAL | $23,958,618 |
GRANTS APPROVED IN 2020 PAYABLE IN FUTURE YEARS PURPOSE: GENERAL | $9,950,000 |
GRANTS APPROVED IN 2018 AND 2019 PAYABLE IN FUTURE YEARS PURPOSE: GENERAL | $250,000 |
GRANTS APPROVED IN PRIOR YEARS PAID IN 2020 (INCLUDED ABOVE) PURPOSE: GENERAL | -$8,997,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Valhalla Charitable Foundation Woodside, CA | $798,059,895 | $465,139,878 |
Hobson Lucas Family Foundation San Rafael, CA | $1,224,427,404 | $46,978,147 |
Tosa Foundation Portola Valley, CA | $620,174,698 | $135,076,785 |
W M Keck Foundation Los Angeles, CA | $1,878,594,082 | $132,529,748 |
Conrad Prebys Foundation San Diego, CA | $0 | $206,775,032 |
Jay And Rose Phillips Family Foundation Of California San Francisco, CA | $0 | $58,236 |
Jay And Rose Phillips Family Foundation Of Colorado Redwood City, CA | $0 | -$205,157 |
Henry J Kaiser Family Foundation San Francisco, CA | $1,103,580,994 | $111,004,070 |
The Ahmanson Foundation Beverly Hills, CA | $0 | $54,356,398 |
Charles Huang Foundation Pasadena, CA | $65,868,960 | $116,144,816 |
Weingart Foundation Los Angeles, CA | $0 | $30,569,267 |
Engelstad Fam Foundation Las Vegas, NV | $835,390,513 | $95,367,626 |