Eg & Klara M Smith Foundation
The EG & Klara M Smith Foundation is a family foundation based in Wyomissing, Pennsylvania. Established in 1987, the foundation was co-founded by E. George Smith and Klara Margarete Smith, who built their wealth through ownership of multiple business ventures in Pennsylvania.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.7M
+9.8% YoY
Annual Giving
$207K
+0.5% YoY
Grant Count
26
+8.3% YoY
Avg Grant Size
$8K
-7.2% YoY
Under IRS private-foundation payout rules, Eg & Klara M Smith Foundation reported a distributable amount of $73K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's giving focuses on three primary areas:
- Religious organizations
- Educational institutions
- Medical organizations
Grantmaking
Recent grant activity demonstrates the foundation's commitment to education. The foundation awarded $2,000 to the Exeter Community Education Foundation in 2023 for educational purposes.
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Geographic Focus
Where this funder awards grants
The foundation primarily supports organizations in Pennsylvania, with a particular emphasis on the local Reading and surrounding areas.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
EIN: 23-2494804
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,714,484 | $1,562,155 | $1,335,609 |
| Revenue | $376,063 | $450,134 | $233,802 |
| Expenses | $223,734 | $223,588 | $266,860 |
| Qualifying Distributions | $212,400 | $212,434 | $255,500 |
| Net Investment Income | $65,063 | $24,057 | $5,508 |
| Distributable Amount | $72,800 | $57,956 | $59,300 |
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
122 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include City Lights Ministry ($75,000), Glad Tidings Assembly of God ($40,000), Alliance Christian School ($6,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ALLIANCE CHRISTIAN SCHOOL BIRDSBORO, PA | EDUCATION | $6,000 |
| ATONEMENT LUTHERAN CHURCH WYOMISSING, PA | RELIGIOUS | $6,000 |
| AUGUSTUS LUTHERAN CHURCH TRAPPE, PA | RELIGIOUS | $6,000 |
| BERKS CATHOLIC READING, PA | EDUCATION | $6,000 |
| CHURCH EXTENSION MINISTRIES ALLENTOWN, PA | RELIGIOUS | $2,000 |
| CITY LIGHTS MINISTRY READING, PA | RELIGIOUS | $75,000 |
| CONNECTIONS WORK READING, PA | EDUCATION | $2,000 |
| EXETER COMMUNITY EDUCATION FOUNDATION READING, PA | EDUCATION | $2,000 |
| FIRST BAPTIST CHURCH READING, PA | RELIGIOUS | $6,000 |
| GLAD TIDINGS ASSEMBLY OF GOD WEST LAWN, PA | RELIGIOUS | $40,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Klara Margarete Smith served as president of the foundation. She and her husband E. George Smith co-founded the organization. Klara passed away on May 25, 2007, at age 91. E. George Smith preceded her in death, passing away in 2001.
The Smiths had two children: Edwin G. Smith and Janis L. Smith (Weller), who may be involved in foundation governance.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BRIAN WELLER | CHAIRMAN OF THE BOARD | 1 | — |
| JEFF SMITH | PRESIDENT | 1 | — |
| JULIE A FRY | SECRETARY/TREASURER | 1 | — |
| MICHELE WELLER | VICE PRESIDENT | 1 | — |
Contact Information
Address: PO Box 6234, Wyomissing, PA 19610-0234
Telephone: 610-670-1000
Frequently Asked Questions
What does Eg & Klara M Smith Foundation fund?
The foundation's giving focuses on three primary areas: • Religious organizations • Educational institutions • Medical organizations
How do I apply for a grant from Eg & Klara M Smith Foundation?
Recent grant activity demonstrates the foundation's commitment to education. The foundation awarded $2,000 to the Exeter Community Education Foundation in 2023 for educational purposes.
Where does Eg & Klara M Smith Foundation make grants?
The foundation primarily supports organizations in Pennsylvania, with a particular emphasis on the local Reading and surrounding areas.
What size grants does Eg & Klara M Smith Foundation award?
In 2024, Eg & Klara M Smith Foundation awarded 26 grants totaling $207K — an average of about $8K per grant, based on its IRS Form 990 filings.
How much is Eg & Klara M Smith Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Eg & Klara M Smith Foundation reported a distributable amount of $73K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Eg & Klara M Smith Foundation's EIN?
Eg & Klara M Smith Foundation's EIN (Employer Identification Number) is 23-2494804. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Eg & Klara M Smith Foundation'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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