IFS Family Foundation Inc
IFS Family Foundation Inc is a private foundation (EIN 06-1552716) based in Old Greenwich, Connecticut that provides grants primarily in education and medical fields. The foundation has distributed $1.6M in total grants across 15 reported awards, with recent giving focused on educational institutions and medical organizations, particularly in Wisconsin and Florida. The foundation accepts written applications and requires organizations to include their purpose, contact information, prior operating statements, and 501(c)(3) status verification.
Key facts about IFS Family Foundation Inc
In short: IFS Family Foundation Inc gave $1.2M across 8 grants in 2025 (avg $155K), mostly in Wisconsin. Source: 2025 IRS Form 990-PF.
- EIN
- 06-1552716
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $1,240,382
- Grants made (2025)
- 8
- Average grant
- $155,048
- Median grant
- $20,000
- Total assets
- $6,889,839
- Primary geography
- Wisconsin (83% 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
$6.9M
-10.7% YoY
Annual Giving
$1.2M
+218.0% YoY
Grant Count
8
+14.3% YoY
Avg Grant Size
$155K
+178.3% YoY
Under IRS private-foundation payout rules, IFS Family Foundation Inc reported a distributable amount of $538K for 2025 — the minimum it must pay out in qualifying distributions.
How IFS Family Foundation Inc gives
- Giving grew 220% from 2022 to 2025. Method
- In 2025 it paid out 230% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
About IFS Family Foundation Inc
Based on IRS filings
IFS Family Foundation Inc is a private foundation, based in Old Greenwich, CT. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $6.9M in total assets. In 2025, it awarded 8 grants totaling $1.2M. Net investment income was $133K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 8 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $388K (2022) to $1.2M (2025). In 2025 it made 8 grants totaling $1.2M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2025
The largest 2025 recipient was University of Wisconsin Foundation ($1.0M). Together the top 8 received $1.2M.
Grant Size Distribution
38 grants across all recorded years
The most common grant size was under $50K: 30 grants of 38 (79%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Wisconsin Foundation Madison, WI | Education | $1,000,382 |
| Little Star Foundation Santa Rosa Beach, FL | Medical | $150,000 |
| Ronald Macdonald House Marshfield, WI | Provides a temporary "home away from home" for seriously ill or injured children and their families. | $25,000 |
| Bowdoin College Brunswick, ME | Education | $20,000 |
| Geogetown University Washington, DC | Education | $20,000 |
| Breast Cancer Allliance Greenwich, CT | Medical | $10,000 |
| NYU Langone New York, NY | Medical | $10,000 |
| University of Washington Foundation Seatle, WA | Education | $5,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $6,889,839 | $7,714,550 | $7,884,245 |
| Revenue | $198,432 | $294,670 | $26,603 |
| Expenses | $1,302,427 | $475,544 | $577,805 |
| Qualifying Distributions | $1,240,382 | $390,000 | $485,000 |
| Net Investment Income | $133,468 | $206,806 | $113,828 |
| Distributable Amount | $538,432 | $519,142 | $468,758 |
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 February 18, 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 April 7, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 7, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 6, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 8, 2026)
- IRS filings on file for fiscal years 2020–2025
Leadership & Key People
Officers and directors from IRS filings
IFS Family Foundation Inc is led by Stephen D. Smith, President since 2023 (on filings since 2020); none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Stephen D. Smith
President
Vice President → President, 2023
On filings since 2020
No compensation reported
Linda S. Smith
Vice President & Secretary
On filings since 2020
No compensation reported
Susan N. Smith
Vice President
On filings since 2020
No compensation reported
Former officers (1)
- Former: Irwin F. Smith (2020–2022) — President & Treasurer
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.
Frequently asked questions about IFS Family Foundation Inc
How much does IFS Family Foundation Inc give each year?
IFS Family Foundation Inc gave $1.2M across 8 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $390K across 7 grants.
What is IFS Family Foundation Inc's typical grant size?
IFS Family Foundation Inc's median grant in 2025 was $20,000, and its average grant was $155,048, across 8 grants on its 2025 IRS Form 990-PF.
Where does IFS Family Foundation Inc give grants?
IFS Family Foundation Inc gives mostly in Wisconsin: 83% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Florida (12%).
Does IFS Family Foundation Inc give general operating support?
Not in 2025: none of the 8 grants with a stated purpose on IFS Family Foundation Inc's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Education" (4 grants) and "Medical" (3 grants).
Who are IFS Family Foundation Inc's largest grantees?
IFS Family Foundation Inc's largest 2025 grantees include University of Wisconsin Foundation ($1,000,382), Little Star Foundation ($150,000) and Ronald Macdonald House ($25,000), according to its 2025 IRS Form 990-PF. Together they received 95% of its itemized 2025 grant dollars.
How large is IFS Family Foundation Inc?
IFS Family Foundation Inc reported $6.9M in total assets on its 2025 IRS Form 990-PF. It paid out $1.2M in qualifying distributions that year, against a required minimum of $538K (roughly 5% of its investment assets).
What is IFS Family Foundation Inc's EIN?
IFS Family Foundation Inc's EIN (Employer Identification Number) is 06-1552716. 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.
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