Freda B & William H Smith Trust
Freda B & William H Smith Trust is a private foundation based in Conrad, Iowa. Its 2025 filing reports grants to individual recipients for post-high-school education scholarships.
Freda B & William H Smith Trust at a glance
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.
- Annual giving (2025)
- $79,705
- -77.7% vs 2024
- Grants made (2025)
- 20
- +11.1% vs 2024
- Average grant
- $3,985
- -80.0% vs 2024
- Median grant
- $3,945
- Total assets
- $1,543,921
- -2.9% vs 2024
- Primary geography
- Iowa (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
How to apply to Freda B & William H Smith Trust
- How to Apply
-
The 2024 filing instructs applicants to contact the Smith Scholarship Committee at MidwestOne Bank for application forms. Applicants must be graduates of BCLUW High School.
- Review Cycle
- The filing states that applications are due no later than March 31 of the applicant’s senior year in high school.
- Deadline
- The filing states that applications are due no later than March 31 of the applicant’s senior year in high school.
- Contact
Application contact: Smith Scholarship Committee Midwest
Mailing address: PO Box 10, Conrad, IA 50621
Phone: (641) 366-2165
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Freda B & William H Smith Trust funds
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%).
Geographic Focus
Where this funder awards grants
All grant dollars reported for 2025 went to recipients in Iowa.
Grant Distribution by State
Share of 2025 grant dollars across all 20 itemized grants.
States
Cities
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.
Giving History
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.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 20 individual scholarships Recipients not named | — | $79,705 |
Ready to take the next step with Freda B & William H Smith Trust?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $1,543,921 | $63,505 | $109,660 | $79,705 | 20 | $91,696 | $51,513 | $79,906 |
| 2024 | $1,590,076 | $1,428,650 | $416,519 | $358,224 | 18 | $368,329 | $1,419,341 | $19,113 |
| 2023 | $297,945 | $26,600 | $102,547 | $73,500 | 17 | $78,251 | $33,089 | $83,898 |
| 2022 | $373,892 | $44,809 | $40,505 | $25,800 | 16 | $29,537 | $34,296 | $73,244 |
| 2021 | $382,408 | $35,375 | $36,930 | $27,000 | 16 | $27,821 | $29,847 | — |
| 2020 | $384,986 | $34,929 | $43,521 | $26,975 | 13 | — | $28,343 | — |
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.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
The 2025 grants listed in the filing were for scholarships for post-high-school education. The available information does not state a broader mission.
Grantmaking
In filing year 2025, the foundation reported 20 grants totaling $79,705. Grant amounts ranged from $3,345 to $4,750, with a median of $3,945. The largest listed award was $4,750; other listed awards included amounts of $4,545 and $3,945. The recipients were individuals.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists MidwestOne Bank as trustee.
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).
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).
What does Freda B & William H Smith Trust fund?
The 2025 grants listed in the filing were for scholarships for post-high-school education. The available information does not state a broader mission. See mission & focus areas ↑
How do I apply for a grant from Freda B & William H Smith Trust?
The 2024 filing instructs applicants to contact the Smith Scholarship Committee at MidwestOne Bank for application forms. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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 October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(7)
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
Other open foundation grants in Iowa
Iowa Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Freda B & William H Smith Trust's focus areas in our free grants database
Similar Funders
Similar funders in Iowa
Community Fdn of Greater Des Moines F/K/a Greater Des Moines Community Fdn
Des Moines, IA
The Community Foundation of Greater Des Moines supports projects that improve quality of life in Greater Des Moines, including housing and transportation access, health, economic opportunity, inclusive communities, and nonprofit capacity-building. Its 2024 itemized grants had a median of about $12,900, though awards ranged from roughly $5,000 to $7.34 million.
Assets
$918.7M
Grants
1,259
Total Given
$55.7M
Pella Rolscreen Foundation
Pella, IA
The Pella Rolscreen Foundation supports charitable organizations working in education and community betterment, including civic, cultural, social, and physical-environment programs in communities where Pella Corporation employees live. Large grants generally range from $10,000 to $50,000 and typically cover no more than 25% of project costs; its 2024 grants had a median of $1,029. It accepts unsolicited requests from eligible 501(c)(3) nonprofits and government entities in communities where Pella has manufacturing plants.
Assets
$22.4M
Grants
433
Total Given
$1.9M
Prairie Meadows Race Track and Casino Inc
Altoona, IA
Prairie Meadows supports Iowa nonprofits in arts and culture, education, economic development, human services, and youth sports and recreation; Legacy grants focus on large-scale projects in central Iowa. Its programs offer $100–$1 million for Legacy, $100–$99,999 for Community Betterment, and $1,000–$50,000 for Youth Sports and Recreation. It accepts applications through its online system; the 2026 deadline was February 27, 2026, and has passed.
Assets
$327.6M
Grants
409
Total Given
$33.0M
Iowa Health Care Association Foundation
West Des Moines, IA
The Iowa Health Care Association Foundation funds scholarships and career-education resources for employees of member long-term-care organizations and Iowa high school students pursuing long-term-care careers. Its typical giving level varies: it awarded 287 grants totaling about $4.1 million in 2024, and the listed high school scholarship is $2,000. Its programs focus on Iowa; the profile does not state whether it accepts unsolicited requests.
Assets
$329K
Grants
287
Total Given
$4.1M
New Charitable Foundation
Fort Dodge, IA
Assets
$6K
Grants
264
Total Given
$294K
Quad Cities Community Foundation
Bettendorf, IA
Quad Cities Community Foundation funds nonprofit operations and programs across areas including education, health, arts and culture, community development, youth, and the environment, primarily in Rock Island County, Illinois, and Scott County, Iowa, with some service to surrounding counties. Its 2024 grants had a median of $15,000; its Operations and Programs Grants program lists requests of $5,000–$20,000.
Assets
$209.7M
Grants
263
Total Given
$7.5M
More similar funders
More Funders in Iowa
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Freda B & William H Smith Trust's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Freda B & William H Smith Trust down — hundreds of funders to go?