Garatoni-Smith Scholarship Corporation
Garatoni-Smith Scholarship Corporation is a private foundation based in Mishawaka, Indiana. Its 2025 filing reports 13 gifts totaling $230,887, primarily to universities and colleges.
Key facts about Garatoni-Smith Scholarship Corporation
In short: Garatoni-Smith Scholarship Corporation gave $231K across 13 grants in 2025 (avg $18K), mostly in Indiana. Source: 2025 IRS Form 990-PF.
- EIN
- 88-3042043
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $230,887
- Grants made (2025)
- 13
- Average grant
- $17,761
- Median grant
- $10,000
- Total assets
- $335
- Primary geography
- Indiana (82% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$335
-52.6% YoY
Annual Giving
$231K
+75.2% YoY
Grant Count
13
+85.7% YoY
Avg Grant Size
$18K
-5.6% YoY
Under IRS private-foundation payout rules, Garatoni-Smith Scholarship Corporation reported a distributable amount of $26 for 2025 — the minimum it must pay out in qualifying distributions.
How Garatoni-Smith Scholarship Corporation gives
- 38% of 2025 grantees were also funded in 2024. Method
- In 2025 it paid out well above its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
No mission statement for the foundation is provided. Its reported 2025 grants went to educational institutions. The grantees describe a range of educational missions: Rose-Hulman Institute of Technology emphasizes undergraduate education in engineering, mathematics, and science; Columbia College Chicago focuses on preparing students for creative occupations in arts and media; and Manchester University says it aims to graduate people who lead principled, productive, and compassionate lives.
Grantmaking
In 2025, the foundation reported 13 grants totaling $230,887. Grant amounts ranged from $400 to $59,774, with a median of $10,000. Among the largest reported gifts were $59,774 to the University of Notre Dame, $30,000 to Trine University, $24,500 to Ball State University’s Financial Aid & Scholarships, $23,556 to the University of Oklahoma, and $23,469 to Indiana University of South Bend.
Review Cycle
.
How to Apply
, required materials, or deadlines.
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Geographic Focus
Where this funder awards grants
In 2025, 82% of grant dollars went to recipients in Indiana, 10% to Oklahoma, 4% to Hawaii, and 3% to Illinois.
Grant Distribution by State
Share of 2025 grant dollars across all 13 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2023 to 2025, annual grant giving ranged from $53K (2023) to $231K (2025). In 2025 it made 13 grants totaling $231K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was University of Notre Dame ($60K). Together the top 10 received $216K.
Grant Size Distribution
23 grants across all recorded years
The most common grant size was under $50K: 21 grants of 23 (91%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Notre Dame South Bend, IN | GIFT | $59,774 |
| Trine University Angola, IN | GIFT | $30,000 |
| Ball State University - Financial Aid & Scholarships Muncie, IN | GIFT | $24,500 |
| University of Oklahoma Norman, OK | GIFT | $23,556 |
| Indiana University of South Bend South Bend, IN | GIFT | $23,469 |
| Rose-Hulman Institute of Technology Terre Haute, IN | GIFT | $19,138 |
| Hawaii Pacific University Honolulu, HI | GIFT | $10,000 |
| University of Evansville Evansville, IN | GIFT | $9,000 |
| Purdue University West Lafayette, IN | GIFT | $9,000 |
| Holy Cross College Notre Dame, IN | GIFT | $8,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2025 | $335 | $247,100 | $238,872 | $230,887 |
| 2024 | $707 | $132,980 | $141,611 | $131,750 |
| 2023 | $738 | $24,100 | $77,349 | $53,295 |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $335 | $707 | $738 |
| Revenue | $247,100 | $132,980 | $24,100 |
| Expenses | $238,872 | $141,611 | $77,349 |
| Qualifying Distributions | $230,887 | $131,750 | $53,295 |
| Distributable Amount | $26 | $36 | $102 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2023–2025
Leadership & Key People
Leadership team and compensation from IRS filings
Lawrence Garatoni is listed as an officer on the 2025 filing.
Garatoni-Smith Scholarship Corporation's only listed officer is Lawrence Garatoni, Officer on every filing since 2023 (uncompensated).
Officers on the 2025 filing
Lawrence Garatoni
Officer
On filings since 2023
No compensation reported
Data from IRS Form 990 filings, 2023–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Contact
Mailing address: 4215 Edison Lakes Parkway Suite 32, Mishawaka, IN 46545
Phone: (574) 271-5145
Frequently asked questions about Garatoni-Smith Scholarship Corporation
How much does Garatoni-Smith Scholarship Corporation give each year?
Garatoni-Smith Scholarship Corporation gave $231K across 13 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $132K across 7 grants.
What is Garatoni-Smith Scholarship Corporation's typical grant size?
Garatoni-Smith Scholarship Corporation's median grant in 2025 was $10,000, and its average grant was $17,761, across 13 grants on its 2025 IRS Form 990-PF.
Where does Garatoni-Smith Scholarship Corporation give grants?
Garatoni-Smith Scholarship Corporation gives mostly in Indiana: 82% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Oklahoma (10%). The most frequent recipient cities were South Bend, IN (2 grants).
Does Garatoni-Smith Scholarship Corporation give general operating support?
Not in 2025: none of the 13 grants with a stated purpose on Garatoni-Smith Scholarship Corporation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Gift" (13 grants).
Who are Garatoni-Smith Scholarship Corporation's largest grantees?
Garatoni-Smith Scholarship Corporation's largest 2025 grantees include University of Notre Dame ($59,774), Trine University ($30,000) and Ball State University - Financial Aid & Scholarships ($24,500), according to its 2025 IRS Form 990-PF. Together they received 49% of its itemized 2025 grant dollars.
How large is Garatoni-Smith Scholarship Corporation?
Garatoni-Smith Scholarship Corporation reported $335 in total assets on its 2025 IRS Form 990-PF. It paid out $231K in qualifying distributions that year, against a required minimum of $26 (roughly 5% of its investment assets).
What does Garatoni-Smith Scholarship Corporation fund?
No mission statement for the foundation is provided. Its reported 2025 grants went to educational institutions. See mission & focus areas ↑
How do I apply for a grant from Garatoni-Smith Scholarship Corporation?
Garatoni-Smith Scholarship Corporation has no public application process in the sources Grantable reviewed. Contact the foundation directly before submitting a request.
What is Garatoni-Smith Scholarship Corporation's EIN?
Garatoni-Smith Scholarship Corporation's EIN (Employer Identification Number) is 88-3042043. IRS Form 990 filing data is available on this page for 2023–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Here's the math on researching Garatoni-Smith Scholarship Corporation by hand.
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