Herman & Patsy Smith
Herman & Patsy Smith is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in COLLEYVILLE, TX. IRS filing data is available from 2020 through 2021. In 2021, it awarded 1 grants totaling $4.0M. Net investment income was $288K.
Financial Overview
From 2021 IRS Form 990-PF · View filing
Total Assets
—
-100.0% YoY
Annual Giving
$4.0M
+1974.4% YoY
Grant Count
1
-94.4% YoY
Avg Grant Size
$4.0M
+37239.4% YoY
Under IRS private-foundation payout rules, Herman & Patsy Smith reported a distributable amount of $183K for 2021 — the minimum it must pay out in qualifying distributions.
About Herman & Patsy Smith
Based on IRS filings
Herman & Patsy Smith is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in COLLEYVILLE, TX. IRS filing data is available from 2020 through 2021. In 2021, it awarded 1 grants totaling $4.0M. Net investment income was $288K.
Focus Areas
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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 | 2021 | 2020 |
|---|---|---|
| Total Assets | — | $3,728,024 |
| Revenue | $310,140 | $-441,012 |
| Expenses | $4,038,164 | $204,884 |
| Qualifying Distributions | $4,015,605 | — |
| Net Investment Income | $287,581 | $85,136 |
| Distributable Amount | $182,953 | $179,774 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2021
Grant Size Distribution
19 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2021 grants, the largest include Baptist Foundation of Texas ($4,013,983).
| Recipient | Purpose | Amount |
|---|---|---|
| BAPTIST FOUNDATION OF TEXAS PLANO, TX | RELIGIOUS, EDUCATION, CHARITABLE AND SCIENTIFIC PURPOSES | $4,013,983 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2021 IRS filing
From 2021 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PATSY R SMITH | DIRECTOR/P/T | 1 | — |
| MADELYN B IVEY | DIRECTOR/VP | 2 | — |
| LINDA L HAMILTON | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Herman & Patsy Smith?
Herman & Patsy Smith is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in COLLEYVILLE, TX. It holds — in total assets as of 2021.
Where does Herman & Patsy Smith operate?
Herman & Patsy Smith has awarded grants in Arizona, California, District of Columbia, Hawaii, Pennsylvania, Texas.
What size grants does Herman & Patsy Smith award?
In 2021, Herman & Patsy Smith awarded 1 grants totaling $4.0M — an average of about $4.0M per grant, based on its IRS Form 990 filings.
How much is Herman & Patsy Smith required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2021, Herman & Patsy Smith reported a distributable amount of $183K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Herman & Patsy Smith's EIN?
Herman & Patsy Smith's EIN (Employer Identification Number) is 75-2610418. IRS Form 990 filing data is available on this page for 2020–2021.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.