Frank E & Salome B Smith Scholarship
Frank E & Salome B Smith Scholarship is a private foundation, based in Chicago, IL. IRS filing data is available from 2020 through 2024. In 2024, it awarded 1 grant totaling $677K. Net investment income was $129K.
Frank E & Salome B Smith Scholarship at a glance
In short: Frank E & Salome B Smith Scholarship gave $677K across 1 grant in 2024 (avg $677K), mostly in New Jersey. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $677,074
- +2404.6% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $677,074
- +2404.6% vs 2023
- Median grant
- $677,074
- Primary geography
- New Jersey (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Frank E & Salome B Smith Scholarship funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Community Congregational Church of Manitou Springs Colorado ($677K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 4 grants of 5 (80%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How Frank E & Salome B Smith Scholarship gives
- Giving grew 2503% from 2021 to 2024. Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $25K (2020) to $677K (2024). In 2024 it made 1 grant totaling $677K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Community Congregational Church of Manitou Springs Colorado Short Hills, NJ | General | $677,074 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | — | $131,284 | $680,580 | $677,074 | 1 | $677,991 | $129,357 | $10,830 |
| 2023 | $552,630 | $40,670 | $38,041 | $27,033 | 1 | $30,491 | $30,106 | $31,141 |
| 2022 | $549,920 | $11,566 | $40,473 | $27,914 | 1 | $31,549 | $12,536 | $32,520 |
| 2021 | $578,990 | $53,858 | $38,799 | $26,015 | 1 | $30,030 | $45,059 | $35,604 |
| 2020 | $563,918 | $31,258 | $37,114 | $25,482 | 1 | — | $23,468 | $31,819 |
Under IRS private-foundation payout rules, Frank E & Salome B Smith Scholarship reported a distributable amount of $11K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Frank E & Salome B Smith Scholarship's only listed officer is JP Morgan Chase Bank NA, Trustee on every filing since 2020 (compensated).
Officers on the 2024 filing
JP Morgan Chase Bank NA
Trustee
On filings since 2020
2 hrs/week
$11K (2020) → $3K (2024)
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $3K, to JP Morgan Chase Bank NA (Trustee).
Frequently asked questions about Frank E & Salome B Smith Scholarship
How much does Frank E & Salome B Smith Scholarship give each year?
Frank E & Salome B Smith Scholarship gave $677K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $27K across 1 grant.
Where does Frank E & Salome B Smith Scholarship operate?
Frank E & Salome B Smith Scholarship has awarded grants in New Jersey.
How much is Frank E & Salome B Smith Scholarship required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Frank E & Salome B Smith Scholarship reported a distributable amount of $11K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Frank E & Salome B Smith Scholarship's EIN?
Frank E & Salome B Smith Scholarship's EIN (Employer Identification Number) is 84-6273155. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 7, 2025)
- IRS filings on file for fiscal years 2020–2024
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