Clara B & W Aubrey Smith Charitable
Clara B & W Aubrey Smith Charitable Foundation is a private foundation based in Dallas, Texas, established in 1985 and granted tax-exempt status in January 1986. The foundation operates as a 501(c)(3) organization classified under the category of Philanthropy, Voluntarism and Grantmaking Foundations. It is administered through Bank of America's Philanthropic Solutions division.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$18.5M
+2.1% YoY
Annual Giving
$905K
-14.3% YoY
Grant Count
22
-12.0% YoY
Avg Grant Size
$41K
-2.7% YoY
Under IRS private-foundation payout rules, Clara B & W Aubrey Smith Charitable reported a distributable amount of $1.1M for 2025 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation was established to support and promote quality education, health care, and human services programming for underserved populations. The foundation's charitable work focuses on three primary areas:
- Education
- Health Care
- Human Services
Special consideration is given to charitable organizations that serve the people of Grayson County, Texas and surrounding areas.
Grantmaking
The foundation made 28 grants in the most recent reporting period. Recent grantees include:
Average Grant
amount: approximately $37,000
Review Cycle
on January 1 and August 1
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation's grantmaking is concentrated in Texas, with special emphasis on Grayson County, Texas and surrounding areas. While grantmaking is primarily focused on this region, statewide Texas applicants are welcome to apply.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of Most Recent Filing (Fiscal Year Ending June 2025):
- Total Assets: $18,529,774
- Total Revenues: $1,719,525
- Total Expenses: $1,137,717
- Total Liabilities: $0
- Total Giving: $904,500
Historical Giving Trends:
- Annual giving has grown from $785,000 in 2021 to $1.1 million in 2024
- The foundation has made 77 grants totaling $2.8 million across available records
- The foundation has supported 47 unique organizations
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $18,529,774 | $18,154,329 | $18,306,225 |
| Revenue | $1,719,525 | $691,673 | $-368,108 |
| Expenses | $1,137,717 | $1,243,267 | $1,174,629 |
| Qualifying Distributions | $972,986 | $1,118,951 | $1,059,859 |
| Net Investment Income | $1,568,235 | $541,250 | $290,533 |
| Distributable Amount | $1,097,658 | $1,019,891 | $966,673 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
Grant Size Distribution
122 grants across all recorded years
Open Grants
1 open opportunity from Clara B & W Aubrey Smith Charitable
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include Texoma Family Shelter ($200,000), Junior League of Grayson County ($160,000), Tri County Senior Nutrition Project ($75,000).
| Recipient | Purpose | Amount |
|---|---|---|
| DENISON ISD EDUCATION FOUNDATION DENISON, TX | UNRESTRICTED GENERAL | $50,000 |
| AMERICAN CANCER SOCIETY INC DALLAS, TX | UNRESTRICTED GENERAL | $25,000 |
| FOUR RIVERS OUTREACH INC SHERMAN, TX | UNRESTRICTED GENERAL | $5,000 |
| GRANT HALLIBURTON FOUNDATION DALLAS, TX | UNRESTRICTED GENERAL | $20,000 |
| GRAYSON GRAND CENTRAL STATION SHERMAN, TX | UNRESTRICTED GENERAL | $10,000 |
| MASTERKEY MINISTRIES OF GRAYSON COUNTY SHERMAN, TX | UNRESTRICTED GENERAL | $32,000 |
| TEXAS RAMP PROJECT RICHARDSON, TX | UNRESTRICTED GENERAL | $10,000 |
| HOUSE OF ELI INC SHERMAN, TX | UNRESTRICTED GENERAL | $15,000 |
| AUSTIN COLLEGE SHERMAN, TX | UNRESTRICTED GENERAL | $31,000 |
| FIRST BAPTIST CHURCH DENISON, TX | UNRESTRICTED GENERAL | $10,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Bank of America N.A. serves as the managing trustee and principal officer of the foundation.
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BANK OF AMERICA | TRUSTEE | 1 | $168,216 |
Contact Information
- Address: PO Box 653067, Dallas, TX 75265-3067
- Phone: 888-866-3275
- Website: www.bankofamerica.com/philanthropic/foundations
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Clara B & W Aubrey Smith Charitable fund?
The foundation was established to support and promote quality education, health care, and human services programming for underserved populations. The foundation's charitable work focuses on three primary areas: • **Education** • **Health Care** • **Human Services** Special consideration is given to charitable organizations that serve the people of Grayson County, Texas and surrounding areas.
How do I apply for a grant from Clara B & W Aubrey Smith Charitable?
**Grant Characteristics:** • Typical grant awards range from $5,000 to $200,000 • Average grant amount: approximately $37,000 • Median grant amount: $25,000 • Individual grants have ranged from $6,000 to $168,000 • The majority of grants are one-year in duration, though multi-year support may be considered on occasion **Recent Grant Activity:** The foundation made 28 grants in the most recent reporting period. Recent grantees include: • Texoma Family Shelter ($200,000) • Meals on Wheels of Texo…
Where does Clara B & W Aubrey Smith Charitable make grants?
The foundation's grantmaking is concentrated in Texas, with special emphasis on Grayson County, Texas and surrounding areas. While grantmaking is primarily focused on this region, statewide Texas applicants are welcome to apply.
What size grants does Clara B & W Aubrey Smith Charitable award?
In 2025, Clara B & W Aubrey Smith Charitable awarded 22 grants totaling $905K — an average of about $41K per grant, based on its IRS Form 990 filings.
How much is Clara B & W Aubrey Smith Charitable required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Clara B & W Aubrey Smith Charitable reported a distributable amount of $1.1M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Clara B & W Aubrey Smith Charitable's EIN?
Clara B & W Aubrey Smith Charitable's EIN (Employer Identification Number) is 75-6314114. IRS Form 990 filing data is available on this page for 2021–2025.
Explore Open Grants
Browse active grant opportunities in Clara B & W Aubrey Smith Charitable's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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