Arthur W & Audrey F Smith Foundatio
The Arthur W & Audrey F Smith Foundatio is a private foundation located in Clear Lake, Iowa. Its 2025 filing says it distributed funds to local-area organizations serving the general public in and around Emmetsburg and Palo County, Iowa.
Arthur W & Audrey F Smith Foundatio at a glance
In short: Arthur W & Audrey F Smith Foundatio gave $45K across 12 grants in 2025 (avg $4K), mostly in Iowa. 17% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $45,343
- +13.0% vs 2024
- Grants made (2025)
- 12
- +20.0% vs 2024
- Average grant
- $3,779
- -5.9% vs 2024
- Median grant
- $2,222
- Total assets
- $893,465
- +3.0% vs 2024
- New grantees (estimate)
- 17% first-time grantees (2 of 12, 2025; small sample)
- Primary geography
- Iowa (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Arthur W & Audrey F Smith Foundatio
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation does not accept unsolicited requests. It states that it makes contributions only to preselected charitable organizations. No prescribed form is used; a letter of request is required. Projects should be designed to benefit the Emmetsburg community and Palo Alto County.
- Contact
Application contact: Arthur W Smith Audrey F Smith Fou
Mailing address: 100 East State Street, Mason City, IA 50401
Phone: (641) 423-2457
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Arthur W & Audrey F Smith Foundatio funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Five Island Trail ($12K). Together the top 10 received $43K.
Grant Size Distribution
56 grants across all recorded years
The most common grant size was under $50K: 56 grants of 56 (100%).
Geographic Focus
Where this funder awards grants
The foundation’s 2025 filing says its funding serves the public in and around Emmetsburg and Palo County, Iowa. All reported 2025 grant dollars went to recipients in Iowa.
Grant Distribution by State
Share of 2025 grant dollars across all 12 itemized grants.
States
Cities
Is Arthur W & Audrey F Smith Foundatio open to new grantees?
17%
first-time grantees, 2025
In 2025, 2 of 12 grantees (17%) were first-time recipients. With only 12 grantees, that is a small sample: one grantee more or less moves the share by about 8 points. First grants averaged $4K; repeat grants $4K. How we count
Medians: $4K first-time, $2K repeat.
- 58% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (−9%). Method
- In 2025 it paid out 95% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2019–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $40K (2024) to $51K (2021). In 2025 it made 12 grants totaling $45K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Five Island Trail Emmetsburg, IA | Recreational Trail Project | $11,500 |
| Lakeside Luteran Church Emmetsburh, IA | General Support | $7,920 |
| Emmetsburg Educational Foundation Emmetsburg, IA | Scholarships | $7,000 |
| ISU EXT & Outreach of Palo Alto Cty Emmetsburg, IA | General Support | $5,680 |
| City of Emmestburg Emmetsburg, IA | Community Visioning Committee | $3,000 |
| The Palo Alto Arts Council Emmetsburg, IA | Funding for Local Community Programs | $2,467 |
| Vocal Boosters of Emmetsburg Emmetsburg, IA | General Support | $1,977 |
| Horizons Unlimited Emmetsburg, IA | General Support | $1,549 |
| Emmetsburg Public Library Emmetsburg, IA | General Support | $1,150 |
| Emmetsburg Main Street Comm Theatre Emmetsburg, IA | General Support | $1,100 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $893,465 | $80,834 | $55,525 | $45,343 | 12 | $47,384 | $72,694 | $49,787 |
| 2024 | $867,227 | $86,174 | $48,596 | $40,144 | 10 | $42,185 | $79,763 | $47,204 |
| 2023 | $828,789 | $24,158 | $52,064 | $44,127 | 13 | $46,039 | $24,264 | $44,068 |
| 2022 | $849,685 | $20,524 | $58,569 | $50,069 | 10 | $51,615 | $18,435 | $46,197 |
| 2021 | $882,001 | $19,003 | $60,711 | $51,022 | 11 | $53,265 | $125,893 | $50,988 |
| 2020 | $809,373 | $24,700 | $52,587 | $43,746 | 11 | — | $40,447 | $45,729 |
| 2019 | $814,678 | $20,750 | $59,191 | $49,735 | 8 | — | $39,100 | $44,302 |
Under IRS private-foundation payout rules, Arthur W & Audrey F Smith Foundatio reported a distributable amount of $50K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement is provided. The 2025 grants went to organizations including a recreational trail, church, educational foundation, county extension and outreach program, city committee, arts council, library, theater, chamber of commerce, and veterans’ post.
Grantmaking
In filing year 2025, the foundation reported 12 grants totaling $45,343. Grant amounts ranged from $1,000 to $11,500, with a median of $2,222. Notable awards included $11,500 to Five Island Trail for a recreational trail project, $7,920 to Lakeside Luteran Church for general support, and $7,000 to Emmetsburg Educational Foundation for scholarships.
Leadership & Key People
Officers and directors from IRS filings
Arthur W & Audrey F Smith Foundatio's only listed officer is Clear Lake Bank & Trust, Trustee on every filing since 2019 (compensated).
Officers on the 2025 filing
Clear Lake Bank & Trust
Trustee
On filings since 2019
1 hr/week
$7K (2019) → $8K (2025)
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $8K, to Clear Lake Bank & Trust (Trustee).
Frequently asked questions about Arthur W & Audrey F Smith Foundatio
How much does Arthur W & Audrey F Smith Foundatio give each year?
Arthur W & Audrey F Smith Foundatio gave $45K across 12 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $40K across 10 grants.
What is Arthur W & Audrey F Smith Foundatio's typical grant size?
Arthur W & Audrey F Smith Foundatio's median grant in 2025 was $2,222, and its average grant was $3,779, across 12 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Arthur W & Audrey F Smith Foundatio that year got $4K on average.
Where does Arthur W & Audrey F Smith Foundatio give grants?
Arthur W & Audrey F Smith Foundatio gives mostly in Iowa: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Emmetsburg, IA (9 grants).
Does Arthur W & Audrey F Smith Foundatio give general operating support?
Yes: 67% of Arthur W & Audrey F Smith Foundatio's 2025 grants with a stated purpose (8 of 12) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Arthur W & Audrey F Smith Foundatio's largest grantees?
Arthur W & Audrey F Smith Foundatio's largest 2025 grantees include Five Island Trail ($11,500), Lakeside Luteran Church ($7,920) and Emmetsburg Educational Foundation ($7,000), according to its 2025 IRS Form 990-PF. Together they received 58% of its itemized 2025 grant dollars.
How large is Arthur W & Audrey F Smith Foundatio?
Arthur W & Audrey F Smith Foundatio reported $893K in total assets on its 2025 IRS Form 990-PF. It paid out $47K in qualifying distributions that year, against a required minimum of $50K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does Arthur W & Audrey F Smith Foundatio fund?
No mission statement is provided. The 2025 grants went to organizations including a recreational trail, church, educational foundation, county extension and outreach program, city committee, arts council, library, theater, chamber of commerce, and veterans’ post. See mission & focus areas ↑
How do I apply for a grant from Arthur W & Audrey F Smith Foundatio?
The foundation does not accept unsolicited requests. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Arthur W & Audrey F Smith Foundatio's EIN?
Arthur W & Audrey F Smith Foundatio's EIN (Employer Identification Number) is 42-1411511. IRS Form 990 filing data is available on this page for 2019–2025.
Does Arthur W & Audrey F Smith Foundatio accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS July 13, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS August 13, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 2, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS August 14, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS September 29, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS October 30, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 6, 2026)
- IRS filings on file for fiscal years 2019–2024
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