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 grants totaling $677K. Net investment income was $129K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
-100.0% YoY
Annual Giving
$677K
+2404.6% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$677K
+2404.6% YoY
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.
About Frank E & Salome B Smith Scholarship
Based on IRS filings
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 grants totaling $677K. Net investment income was $129K.
Ready to take the next step with Frank E & Salome B Smith Scholarship?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | $552,630 | $549,920 |
| Revenue | $131,284 | $40,670 | $11,566 |
| Expenses | $680,580 | $38,041 | $40,473 |
| Qualifying Distributions | $677,991 | $30,491 | $31,549 |
| Net Investment Income | $129,357 | $30,106 | $12,536 |
| Distributable Amount | $10,830 | $31,141 | $32,520 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Community Congregational Church of ($677,074).
| Recipient | Purpose | Amount |
|---|---|---|
| COMMUNITY CONGREGATIONAL CHURCH OF SHORT HILLS, NJ | GENERAL | $677,074 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
No officer/director data available.
Frequently Asked Questions
Where does Frank E & Salome B Smith Scholarship operate?
Frank E & Salome B Smith Scholarship has awarded grants in New Jersey.
What size grants does Frank E & Salome B Smith Scholarship award?
In 2024, Frank E & Salome B Smith Scholarship awarded 1 grants totaling $677K — an average of about $677K per grant, based on its IRS Form 990 filings.
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.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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