Jack & Judy Smith Foundation Inc

ABINGDON, VA EIN: 26-1438352

Jack & Judy Smith Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ABINGDON, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $746K in total assets. In 2024, it awarded 2 grants totaling $42K. Net investment income was $29K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$746K

-2.0% YoY

Annual Giving

$42K

+0.0% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$21K

+0.0% YoY

Under IRS private-foundation payout rules, Jack & Judy Smith Foundation Inc reported a distributable amount of $47K for 2024 — the minimum it must pay out in qualifying distributions.

About Jack & Judy Smith Foundation Inc

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Virginia $215K (93%)

Tennessee $16K (7%)

States

Tennessee Virginia

Cities

AbindgonAbingdonEmoryGrundyNasheville

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$746,425	$761,290	$775,008
Revenue	$37,599	$37,960	$26,319
Expenses	$52,464	$51,678	$64,982
Qualifying Distributions	$42,000	$42,000	$55,000
Net Investment Income	$28,935	$30,057	$19,011
Distributable Amount	$46,724	$42,486	$45,147

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Grant Size Distribution

12 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Mountain Mission School ($32,000), United Way of Southwest Virginia ($10,000).

Recipient	Purpose	Amount
UNITED WAY OF SOUTHWEST VIRGINIA ABINGDON, VA	GENERAL SUPPORT	$10,000
MOUNTAIN MISSION SCHOOL GRUNDY, VA	GENERAL SUPPORT	$32,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
STEPHANIE DAVID	DIRECTOR	1	—
STEVEN C SMITH	DIRECTOR	1	—
SCOTT ANDREW HEMBREE	PRESIDENT/DIRECTOR	1	—
CHARLIE FUGATE	SECRETARY/DIRECTOR	1	—
PAUL A COX	TREASURER/DIRECTOR	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Jack & Judy Smith Foundation Inc?

Jack & Judy Smith Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ABINGDON, VA. It holds $746K in total assets as of 2024.

How large is Jack & Judy Smith Foundation Inc?

As of 2024, Jack & Judy Smith Foundation Inc holds $746K in total assets with $38K in annual revenue. It awarded 2 grants totaling $42K in 2024.

Where does Jack & Judy Smith Foundation Inc operate?

Jack & Judy Smith Foundation Inc has awarded grants in Tennessee, Virginia.

What size grants does Jack & Judy Smith Foundation Inc award?

In 2024, Jack & Judy Smith Foundation Inc awarded 2 grants totaling $42K — an average of about $21K per grant, based on its IRS Form 990 filings.

How much is Jack & Judy Smith Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Jack & Judy Smith Foundation Inc reported a distributable amount of $47K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Jack & Judy Smith Foundation Inc's EIN?

Jack & Judy Smith Foundation Inc's EIN (Employer Identification Number) is 26-1438352. IRS Form 990 filing data is available on this page for 2020–2024.