Julia and Albert Smith Foundation
Julia and Albert Smith Foundation is a private foundation, based in Houston, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.5M in total assets. In 2024, it awarded 7 grants totaling $172K. Net investment income was $421K.
Julia and Albert Smith Foundation at a glance
In short: Julia and Albert Smith Foundation gave $172K across 7 grants in 2024 (avg $25K), mostly in Alabama. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $172,300
- -56.2% vs 2023
- Grants made (2024)
- 7
- +75.0% vs 2023
- Average grant
- $24,614
- -75.0% vs 2023
- Median grant
- $10,000
- Total assets
- $4,463,441
- +6.8% vs 2023
- Primary geography
- Alabama (60% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Julia and Albert Smith Foundation funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
The largest 2024 recipient was Auburn University Foundation ($103K across 2 grants). Together the top 6 received $172K.
Grant Size Distribution
27 grants across all recorded years
The most common grant size was under $50K: 18 grants of 27 (67%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 7 itemized grants.
Cities
How Julia and Albert Smith Foundation gives
- Giving held roughly steady from 2021 to 2024 (−15%). Method
- In 2024 it paid out 73% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2020 to 2024, annual grant giving ranged from $135K (2020) to $394K (2023). In 2024 it made 7 grants totaling $172K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Auburn University Foundation Auburn, AL | JCSMFA Musuem | $100,000 |
| Salvation Army Houston, TX | General Fund | $25,000 |
| Hits Theatre Houston, TX | General Fund | $20,000 |
| Empowered Women of Purpose Inc Marble Falls, TX | General Fund | $10,000 |
| Young Life National Headquarters Colorado Springs, CO | Houston Region General Fund | $10,000 |
| Clothes & Coats for Cuties Austin, TX | General Fund | $4,000 |
| Auburn University Foundation Auburn, AL | Educational Scholarships | $3,300 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $4,463,441 | $514,121 | $270,458 | $172,300 | 7 | $197,209 | $420,869 | $269,157 |
| 2023 | $4,177,836 | $202,118 | $445,709 | $393,500 | 4 | $404,452 | $165,828 | $265,854 |
| 2022 | $4,451,324 | $325,621 | $383,351 | $326,500 | 6 | $346,194 | $280,048 | $279,218 |
| 2021 | $4,509,054 | $335,020 | $256,832 | $202,072 | 4 | — | $301,531 | $294,078 |
| 2020 | $4,430,866 | $50,596 | $193,748 | $135,322 | 6 | — | $13,029 | $261,387 |
Under IRS private-foundation payout rules, Julia and Albert Smith Foundation reported a distributable amount of $269K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Julia and Albert Smith Foundation is led by Julia Anne Smith Rawson, President on every filing since 2020; 1 of 2 officers listed in 2024 is compensated.
Officers on the 2024 filing
Julia Anne Smith Rawson
President
On filings since 2020
0.2 hrs/week
No compensation reported
Albert J. Smith III
Vice President & Secretary
On filings since 2020
0.5 hrs/week
$27K (2020) → $36K (2024)
Former officers (1)
- Former: William C. Smith (2020–2022) — Vice President & Treasurer
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $36K, to Albert J Smith III (VP/Secretary).
Frequently asked questions about Julia and Albert Smith Foundation
How much does Julia and Albert Smith Foundation give each year?
Julia and Albert Smith Foundation gave $172K across 7 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $394K across 4 grants.
What is Julia and Albert Smith Foundation's typical grant size?
Julia and Albert Smith Foundation's median grant in 2024 was $10,000, and its average grant was $24,614, across 7 grants on its 2024 IRS Form 990-PF.
Where does Julia and Albert Smith Foundation give grants?
Julia and Albert Smith Foundation gives mostly in Alabama: 60% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Texas (34%) and Colorado (6%). The most frequent recipient cities were Auburn, AL (2 grants) and Houston, TX (2 grants).
Does Julia and Albert Smith Foundation give general operating support?
Yes: 71% of Julia and Albert Smith Foundation's 2024 grants with a stated purpose (5 of 7) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Julia and Albert Smith Foundation's largest grantees?
Julia and Albert Smith Foundation's largest 2024 grantees include Auburn University Foundation ($103,300 across 2 grants), Salvation Army ($25,000) and Hits Theatre ($20,000), according to its 2024 IRS Form 990-PF. Together they received 86% of its itemized 2024 grant dollars.
How large is Julia and Albert Smith Foundation?
Julia and Albert Smith Foundation reported $4.5M in total assets on its 2024 IRS Form 990-PF. It paid out $197K in qualifying distributions that year, against a required minimum of $269K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Julia and Albert Smith Foundation's EIN?
Julia and Albert Smith Foundation's EIN (Employer Identification Number) is 76-0207247. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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