Herbert L Smith III Family Fund
Herbert L Smith III Family Fund is a private foundation, based in Mill Neck, NY. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $502K in total assets. In 2025, it awarded 7 grants totaling $53K. Net investment income was $70K.
Herbert L Smith III Family Fund at a glance
In short: Herbert L Smith III Family Fund gave $53K across 7 grants in 2025 (avg $8K), mostly in New York. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $53,445
- +21.5% vs 2024
- Grants made (2025)
- 7
- +16.7% vs 2024
- Average grant
- $7,635
- +4.1% vs 2024
- Median grant
- $5,000
- Total assets
- $501,630
- +0.3% vs 2024
- Primary geography
- New York (94% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Herbert L Smith III Family Fund funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2025
The largest 2025 recipient was Glencove Boys & Girls Club ($20K). Together the top 7 received $53K.
Grant Size Distribution
32 grants across all recorded years
The most common grant size was under $50K: 32 grants of 32 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 7 itemized grants.
Cities
How Herbert L Smith III Family Fund gives
- Giving held roughly steady from 2022 to 2025 (+17%). Method
- In 2021 it paid out well above 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 2019 to 2025, annual grant giving ranged from $32K (2019) to $53K (2025). In 2025 it made 7 grants totaling $53K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Glencove Boys & Girls Club Glencove, NY | To Further Charity's Work in Their Field | $20,000 |
| Gospel in Life Long Island City, NY | To Further Charity's Work in Their Field | $15,445 |
| North Shore Land Alliance Inc Oyster Bay, NY | To Further Charity's Work in Their Field | $5,000 |
| North Shore Wildlife Sanctuary Inc Mill Neck, NY | To Further Charity's Work in Their Field | $5,000 |
| Green Vale School Old Brookville, NY | To Further Charity's Work in Their Field | $5,000 |
| Groton School Groton, MA | To Further Charity's Work in Their Field | $2,000 |
| Laurel Ridge Foundation Lichtenfield, CT | To Further Charity's Work in Their Field | $1,000 |
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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 | $501,630 | $70,399 | $68,703 | $53,445 | 7 | $53,445 | $70,399 | — |
| 2024 | $499,934 | $71,530 | $56,331 | $44,000 | 6 | $44,000 | $71,530 | — |
| 2023 | $484,735 | $32,227 | $44,341 | $34,650 | 5 | $34,650 | $32,227 | — |
| 2022 | $496,849 | $40,380 | $57,387 | $45,500 | 8 | $45,500 | $32,723 | — |
| 2021 | $513,856 | $77,232 | $46,483 | $35,450 | 6 | $35,450 | $69,412 | $1,493 |
| 2020 | $483,107 | $7,970 | $50,696 | $41,000 | 13 | — | $2,200 | $33,134 |
| 2019 | $525,833 | $21,006 | $43,776 | $32,000 | 13 | — | $12,518 | $34,618 |
Leadership & Key People
Officers and directors from IRS filings
Herbert L Smith III Family Fund's 2025 filing lists 2 officers; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Herbert Smith IV
Trustee
On filings since 2019
No compensation reported
Victoria Smith Walsh
Trustee
On filings since 2019
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Herbert L Smith III Family Fund
How much does Herbert L Smith III Family Fund give each year?
Herbert L Smith III Family Fund gave $53K across 7 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $44K across 6 grants.
What is Herbert L Smith III Family Fund's typical grant size?
Herbert L Smith III Family Fund's median grant in 2025 was $5,000, and its average grant was $7,635, across 7 grants on its 2025 IRS Form 990-PF.
Where does Herbert L Smith III Family Fund give grants?
Herbert L Smith III Family Fund gives mostly in New York: 94% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.
Does Herbert L Smith III Family Fund give general operating support?
Not in 2025: none of the 7 grants with a stated purpose on Herbert L Smith III Family Fund's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "To Further Charity's Work in Their Field" (7 grants).
Who are Herbert L Smith III Family Fund's largest grantees?
Herbert L Smith III Family Fund's largest 2025 grantees include Glencove Boys & Girls Club ($20,000), Gospel in Life ($15,445) and North Shore Land Alliance Inc ($5,000), according to its 2025 IRS Form 990-PF. Together they received 76% of its itemized 2025 grant dollars.
How large is Herbert L Smith III Family Fund?
Herbert L Smith III Family Fund reported $502K in total assets on its 2025 IRS Form 990-PF. Its revenue that year was $70K.
What is Herbert L Smith III Family Fund's EIN?
Herbert L Smith III Family Fund's EIN (Employer Identification Number) is 45-6151245. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS May 5, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 12, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS March 28, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 7, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 1, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
- IRS filings on file for fiscal years 2019–2024
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