Dr Bob & Jean Smith Foundation is a private foundation focused on Health, based in Dallas, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $17.4M in total assets. In 2024, it awarded 12 grants totaling $611K. Net investment income was $438K.
Key facts about Dr Bob & Jean Smith Foundation
- EIN
- 51-0137245
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $611,255
- Grants made (2024)
- 12
- Average grant
- $50,938
- Median grant
- $30,000
- New grantees (estimate)
- 58% first-time grantees (7 of 12, 2024)
- Total assets
- $17,445,768
- Primary geography
- Texas (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Dr Bob & Jean Smith Foundation funds
By grant dollars, the top recipient states for Dr Bob & Jean Smith Foundation's 12 itemized 2024 grants were Texas (100%). The most frequent recipient cities were Dallas, TX (10 grants). 92% of grants with a stated purpose were for general or operating support.
Is Dr Bob & Jean Smith Foundation open to new grantees?
58%
first-time grantees, 2024
In 2024, 7 of 12 grantees (58%) were first-time recipients. First grants averaged $80K; repeat grants $10K. How we count
Medians: $50K first-time, $10K repeat.
- 42% of 2024 grantees were also funded in 2023. Method
- Giving fell 46% from 2021 to 2024. Method
- In 2024 it paid out 67% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Dr Bob & Jean Smith Foundation
- How to evaluate Dr Bob & Jean Smith Foundation as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$17.4M
-1.0% YoY
Annual Giving
$611K
-14.7% YoY
Grant Count
12
+9.1% YoY
Avg Grant Size
$51K
-21.8% YoY
Under IRS private-foundation payout rules, Dr Bob & Jean Smith Foundation reported a distributable amount of $1.1M for 2024 — the minimum it must pay out in qualifying distributions.
About Dr Bob & Jean Smith Foundation
Based on IRS filings
Dr Bob & Jean Smith Foundation is a private foundation focused on Health, based in Dallas, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $17.4M in total assets. In 2024, it awarded 12 grants totaling $611K. Net investment income was $438K.
Focus Areas
Ready to take the next step with Dr Bob & Jean Smith Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 12 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $17,445,768 | $17,622,775 | $17,552,076 |
| Revenue | $1,095,573 | $1,503,771 | $861,041 |
| Expenses | $1,405,828 | $1,406,150 | $1,230,128 |
| Qualifying Distributions | $718,828 | $817,568 | $624,675 |
| Net Investment Income | $437,825 | $922,256 | $269,974 |
| Distributable Amount | $1,074,071 | $824,852 | $1,073,777 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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 2024
Grant Size Distribution
53 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Methodist Health System Foundation ($200,000), Envision Dallas ($125,000), Christs's Family Clinic ($75,000).
| Recipient | Purpose | Amount |
|---|---|---|
| METHODIST HEALTH SYSTEM FOUNDATION Dallas, TX | UNRESTRICTED GIFT | $200,000 |
| ENVISION DALLAS Dallas, TX | UNRESTRICTED GIFT | $125,000 |
| CHRISTS'S FAMILY CLINIC Dallas, TX | UNRESTRICTED GIFT | $75,000 |
| CARRELL CLINIC FOUNDATION Dallas, TX | UNRESTRICTED GIFT | $50,000 |
| UPLIFT EDUCATION Dallas, TX | UNRESTRICTED GIFT | $50,000 |
| HOPE FARMS Fort Worth, TX | UNRESTICTED GIFT | $35,000 |
| EDUCATIONAL FIRST STEPS Dallas, TX | UNRESTRICTED GIFT | $25,000 |
| CRYSTAL CHARITY BALL Dallas, TX | UNRESTRICTED GIFT | $22,435 |
| RETINA FOUNDATION Dallas, TX | UNRESTRICTED GRANT | $10,000 |
| YELLOW ROSE GALA FOUNDATION Dallas, TX | UNRESTRICTED GIFT | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Sally Smith Mashburn | President/Chairwoman | 40 | $204,117 |
| Scott R Smith | Director | 1 | $6,200 |
| Marty S Kelley | Director | 1 | $6,200 |
| Robert H West | Director | 1 | $6,200 |
| Bill R Womble | Director | 1 | $6,200 |
| Brooks Kelley | Director | 1 | $6,200 |
| Whitney Wallace Meyer | Director | 1 | $39,533 |
| Christianna Kelley | Director | 1 | $6,200 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Dr Bob & Jean Smith Foundation?
Dr Bob & Jean Smith Foundation is a private foundation focused on Health, based in Dallas, TX. It holds $17.4M in total assets as of 2024.
How large is Dr Bob & Jean Smith Foundation?
As of 2024, Dr Bob & Jean Smith Foundation holds $17.4M in total assets with $1.1M in annual revenue. It awarded 12 grants totaling $611K in 2024.
Where does Dr Bob & Jean Smith Foundation operate?
Dr Bob & Jean Smith Foundation has awarded grants in Oklahoma, Texas.
What size grants does Dr Bob & Jean Smith Foundation award?
In 2024, Dr Bob & Jean Smith Foundation awarded 12 grants totaling $611K — an average of about $51K per grant, based on its IRS Form 990 filings.
How much is Dr Bob & Jean Smith Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Dr Bob & Jean Smith Foundation reported a distributable amount of $1.1M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Dr Bob & Jean Smith Foundation's EIN?
Dr Bob & Jean Smith Foundation's EIN (Employer Identification Number) is 51-0137245. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.