David Bruce Smith Foundation Inc

ARLINGTON, VA EIN: 46-4159215

David Bruce Smith Foundation Inc is a private foundation, based in ARLINGTON, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $9.4M in total assets. In 2024, it awarded 6 grants totaling $184K. Net investment income was $296K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$9.4M

+1.1% YoY

Annual Giving

$184K

+371.8% YoY

Grant Count

-14.3% YoY

Avg Grant Size

$31K

+450.4% YoY

Under IRS private-foundation payout rules, David Bruce Smith Foundation Inc reported a distributable amount of $444K for 2024 — the minimum it must pay out in qualifying distributions.

About David Bruce Smith Foundation Inc

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Maryland $308K (40%)

District of Columbia $288K (38%)

Virginia $97K (13%)

New York $52K (7%)

Florida $18K (2%)

States

District of Columbia Florida Maryland New York Virginia

Cities

ArlingtonBaltimoreBrooklynCollege ParkFairfaxLeonardtownMcleanMiddleburgMount VernonNew YorkPalm BeachRichmondRockvilleWashington

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$9,412,660	$9,308,735	$9,030,520
Revenue	$299,773	$318,354	$8,664,476
Expenses	$195,848	$43,207	$28,823
Qualifying Distributions	$185,692	$40,650	$24,500
Net Investment Income	$295,747	$304,562	$5,218
Distributable Amount	$443,863	$428,247	$18,677

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 6 recipients in 2024

Grant Size Distribution

31 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Charles E Smith Jewish Day School ($70,000), National Sporting Library & Museum ($50,000), George Mason University Foundation Inc ($25,000).

Recipient	Purpose	Amount
CHARLES E SMITH JEWISH DAY SCHOOL ROCKVILLE, MD	DONATION	$70,000
CHILDREN OF DIFFERENCE FOUNDATION PALM BEACH, FL	DONATION	$18,000
FEDERATION OF STATE HUMANITIES COUNCILS ARLINGTON, VA	DONATION	$1,000
GEORGE MASON UNIVERSITY FOUNDATION INC FAIRFAX, VA	DONATION	$25,000
NATIONAL SPORTING LIBRARY & MUSEUM MIDDLEBURG, VA	DONATION	$50,000
OPEN MIND LEGACY PROJECT NEW YORK, NY	DONATION	$20,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
DAVID BRUCE SMITH	DIRECTOR, PRESIDENT	2	—

Frequently Asked Questions

How large is David Bruce Smith Foundation Inc?

As of 2024, David Bruce Smith Foundation Inc holds $9.4M in total assets with $300K in annual revenue. It awarded 6 grants totaling $184K in 2024.

Where does David Bruce Smith Foundation Inc operate?

David Bruce Smith Foundation Inc has awarded grants in District of Columbia, Florida, Maryland, New York, Virginia.

What size grants does David Bruce Smith Foundation Inc award?

In 2024, David Bruce Smith Foundation Inc awarded 6 grants totaling $184K — an average of about $31K per grant, based on its IRS Form 990 filings.

How much is David Bruce Smith Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, David Bruce Smith Foundation Inc reported a distributable amount of $444K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is David Bruce Smith Foundation Inc's EIN?

David Bruce Smith Foundation Inc's EIN (Employer Identification Number) is 46-4159215. IRS Form 990 filing data is available on this page for 2020–2024.