Freda B & William H Smith Trust
The Freda B & William H Smith Trust is a private foundation based in Conrad, Iowa. Its 2025 grants were scholarships for post-high-school education, and its 2024 filing states that award recipients must be graduates of BCLUW High School.
Key facts about Freda B & William H Smith Trust
In short: Freda B & William H Smith Trust gave $80K across 20 grants in 2025 (avg $4K), mostly in Iowa. Source: 2025 IRS Form 990-PF.
- EIN
- 42-6478959
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $79,705
- Grants made (2025)
- 20
- Average grant
- $3,985
- Median grant
- $3,945
- Total assets
- $1,543,921
- Primary geography
- Iowa (100% of itemized 2025 grant dollars)
- Deadline
- The filing lists a deadline of no later than March 31 of the applicant’s senior year in high school.
Data from IRS Form 990-PF, 2025; updated September 2026. Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$1.5M
-2.9% YoY
Annual Giving
$80K
-77.7% YoY
Grant Count
20
+11.1% YoY
Avg Grant Size
$4K
-80.0% YoY
Under IRS private-foundation payout rules, Freda B & William H Smith Trust reported a distributable amount of $80K for 2025 — the minimum it must pay out in qualifying distributions.
How Freda B & William H Smith Trust gives
- Giving grew 209% from 2022 to 2025. Method
- In 2025 it paid out 115% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Grantmaking
In 2025, the trust reported 20 grants totaling $79,705. Grant amounts ranged from $3,345 to $4,750, with a median of $3,945. The largest listed awards were $4,750 to Gunderson Maliah and $4,545 each to Curtis Busch Ryan, Lee Bergman Morgan, Leah Gallentine Klayre, Kemp Abigail, Garber Sarah, and Schnathorst Marissa M. Each was designated as a scholarship for post-high-school education.
Review Cycle
The filing lists a deadline of no later than March 31 of the applicant’s senior year in high school. The March 31, 2026 date has passed.
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Geographic Focus
Where this funder awards grants
All grant dollars reported for 2025 went to recipients in Iowa. The listed scholarship recipients are in Conrad, Iowa.
Grant Distribution by State
Share of 2025 grant dollars across all 20 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $26K (2022) to $358K (2024). In 2025 it made 20 grants totaling $80K.
Grant Insights
How this funder distributes its grants
Grant Size Distribution
87 grants across all recorded years
The most common grant size was under $50K: 86 grants of 87 (99%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 20 individual scholarships Recipients not named | — | $79,705 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2025 | $1,543,921 | $63,505 | $109,660 | $79,705 |
| 2024 | $1,590,076 | $1,428,650 | $416,519 | $358,224 |
| 2023 | $297,945 | $26,600 | $102,547 | $73,500 |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $1,543,921 | $1,590,076 | $297,945 |
| Revenue | $63,505 | $1,428,650 | $26,600 |
| Expenses | $109,660 | $416,519 | $102,547 |
| Qualifying Distributions | $91,696 | $368,329 | $78,251 |
| Net Investment Income | $51,513 | $1,419,341 | $33,089 |
| Distributable Amount | $79,906 | $19,113 | $83,898 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 15, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 19, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 14, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 15, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 29, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 23, 2026)
- IRS filings on file for fiscal years 2020–2025
Leadership & Key People
Leadership team and compensation from IRS filings
MidwestOne Bank is listed as trustee on the 2025 filing.
Freda B & William H Smith Trust's only listed officer is Midwestone Bank, Trustee on every filing since 2020 (compensated).
Officers on the 2025 filing
Midwestone Bank
Trustee
On filings since 2020
1 hr/week
$9K (2020) → $19K (2025)
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $19K, to Midwestone Bank (Trustee).
Contact
Application contact: Smith Scholarship Committee Midwest
Mailing address: PO Box 10, Conrad, IA 50621
Phone: (641) 366-2165
Frequently asked questions about Freda B & William H Smith Trust
How much does Freda B & William H Smith Trust give each year?
Freda B & William H Smith Trust gave $80K across 20 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $358K across 18 grants.
What is Freda B & William H Smith Trust's typical grant size?
Freda B & William H Smith Trust's median grant in 2025 was $3,945, and its average grant was $3,985, across 20 grants on its 2025 IRS Form 990-PF.
Where does Freda B & William H Smith Trust give grants?
Freda B & William H Smith Trust gives mostly in Iowa: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.
Does Freda B & William H Smith Trust give general operating support?
Not in 2025: none of the 20 grants with a stated purpose on Freda B & William H Smith Trust's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship for Post High School Education" (20 grants).
How large is Freda B & William H Smith Trust?
Freda B & William H Smith Trust reported $1.5M in total assets on its 2025 IRS Form 990-PF. It paid out $92K in qualifying distributions that year, against a required minimum of $80K (roughly 5% of its investment assets).
How do I apply for a grant from Freda B & William H Smith Trust?
Freda B & William H Smith Trust has no public application process in the sources Grantable reviewed. Contact the foundation directly before submitting a request.
What is Freda B & William H Smith Trust's EIN?
Freda B & William H Smith Trust's EIN (Employer Identification Number) is 42-6478959. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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