Frank Litz Smoot Charitable Trust
Frank Litz Smoot Charitable Trust is a private foundation, based in BLUEFIELD, WV. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $711K in total assets. In 2024, it awarded 23 grants totaling $49K. Net investment income was $63K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$711K
+1.6% YoY
Annual Giving
$49K
-3.9% YoY
Grant Count
23
+15.0% YoY
Avg Grant Size
$2K
-16.5% YoY
Under IRS private-foundation payout rules, Frank Litz Smoot Charitable Trust reported a distributable amount of $54K for 2024 — the minimum it must pay out in qualifying distributions.
About Frank Litz Smoot Charitable Trust
Based on IRS filings
Frank Litz Smoot Charitable Trust is a private foundation, based in BLUEFIELD, WV. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $711K in total assets. In 2024, it awarded 23 grants totaling $49K. Net investment income was $63K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $711,211 | $700,003 | $713,443 |
| Revenue | $71,110 | $47,897 | $54,664 |
| Expenses | $59,235 | $61,236 | $63,616 |
| Qualifying Distributions | $51,375 | $53,375 | $55,680 |
| Net Investment Income | $63,445 | $40,494 | $47,345 |
| Distributable Amount | $54,231 | $51,427 | $53,600 |
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
90 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Mercer County Opportunity ($6,000), Salvation Army ($5,000), Bluefield Union Mission ($3,000).
| Recipient | Purpose | Amount |
|---|---|---|
| GREATER BLUEFIELD CHAMBER OF BLUEFIELD, WV | MERCER/TAZEWELL READING BEE | $500 |
| BUCKSKIN COUNCIL INC EAST CHARLESTON, WV | SUPPORT BSA IN WV, VA & KY | $1,000 |
| CITIZENS FOR THE ARTS INC RICHLANDS, VA | PROGRAM SPONSORSHIP | $1,000 |
| BLUEFIELD UNION MISSION BLUEFIELD, WV | MEETING SOCIAL, PHYSICAL | $3,000 |
| SALVATION ARMY BLUEFIELD, WV | HOMELESS SERVICES | $5,000 |
| AMERICAN RED CROSS SOUTHEAST WV CHARLESTON, WV | EMERGENCY SERVICES IN | $2,500 |
| APPALACHIAN TEEN CHALLENGE ATHENS, WV | RESIDENTIAL TRAINING | $1,000 |
| CHILDREN'S HOME SOCIETY OF WV CHARLESTON, WV | CHILD WELFARE | $1,000 |
| WADE CENTER BLUEFIELD, WV | CHILDREN'S PROGRAMMING AND | $3,000 |
| HISTORIC CRAB ORCHARD MUSEUM TAZEWELL, VA | CULTURAL HERITAGE CENTER | $1,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| FIRST COMMUNITY BANK | TRUSTEE | 5 | $8,500 |
| ROGER L PHIPPS | SELECTION COMMITTEE | 1 | — |
| JEFFREY L FARMER | SELECTION COMMITTEE | 1 | — |
| SAM HILL | SELECTION COMMITTEE | 1 | — |
Frequently Asked Questions
How large is Frank Litz Smoot Charitable Trust?
As of 2024, Frank Litz Smoot Charitable Trust holds $711K in total assets with $71K in annual revenue. It awarded 23 grants totaling $49K in 2024.
Where does Frank Litz Smoot Charitable Trust operate?
Frank Litz Smoot Charitable Trust has awarded grants in Arizona, North Carolina, Ohio, Pennsylvania, Virginia, West Virginia.
What size grants does Frank Litz Smoot Charitable Trust award?
In 2024, Frank Litz Smoot Charitable Trust awarded 23 grants totaling $49K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Frank Litz Smoot Charitable Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Frank Litz Smoot Charitable Trust reported a distributable amount of $54K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Frank Litz Smoot Charitable Trust's EIN?
Frank Litz Smoot Charitable Trust's EIN (Employer Identification Number) is 55-0717997. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Frank Litz Smoot Charitable Trust's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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