Julia and Albert Smith Foundation

HOUSTON, TX EIN: 76-0207247

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.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$4.5M

+6.8% YoY

Annual Giving

$172K

-56.2% YoY

Grant Count

+75.0% YoY

Avg Grant Size

$25K

-75.0% YoY

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.

About Julia and Albert Smith Foundation

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Texas $640K (52%)

Alabama $578K (47%)

Colorado $10K (1%)

District of Columbia $2K (0%)

States

Alabama Colorado District of Columbia Texas

Cities

AuburnAustinColorado SpringsHoustonMarble FallsWashington

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$4,463,441	$4,177,836	$4,451,324
Revenue	$514,121	$202,118	$325,621
Expenses	$270,458	$445,709	$383,351
Qualifying Distributions	$197,209	$404,452	$346,194
Net Investment Income	$420,869	$165,828	$280,048
Distributable Amount	$269,157	$265,854	$279,218

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 7 recipients in 2024

Grant Size Distribution

27 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Auburn University Foundation ($100,000), Salvation Army ($25,000), Hits Theatre ($20,000).

Recipient	Purpose	Amount
AUBURN UNIVERSITY FOUNDATION AUBURN, AL	EDUCATIONAL SCHOLARSHIPS	$3,300
AUBURN UNIVERSITY FOUNDATION AUBURN, AL	JCSMFA MUSUEM	$100,000
CLOTHES & COATS FOR CUTIES AUSTIN, TX	GENERAL FUND	$4,000
EMPOWERED WOMEN OF PURPOSE INC MARBLE FALLS, TX	GENERAL FUND	$10,000
HITS THEATRE HOUSTON, TX	GENERAL FUND	$20,000
SALVATION ARMY HOUSTON, TX	GENERAL FUND	$25,000
YOUNG LIFE NATIONAL HEADQUARTERS COLORADO SPRINGS, CO	HOUSTON REGION GENERAL FUND	$10,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
ALBERT J SMITH III	VP/SECRETARY	0.5	$36,220
JULIA ANNE SMITH RAWSON	PRESIDENT	0.15	—

Frequently Asked Questions

How large is Julia and Albert Smith Foundation?

As of 2024, Julia and Albert Smith Foundation holds $4.5M in total assets with $514K in annual revenue. It awarded 7 grants totaling $172K in 2024.

Where does Julia and Albert Smith Foundation operate?

Julia and Albert Smith Foundation has awarded grants in Alabama, Colorado, District of Columbia, Texas.

What size grants does Julia and Albert Smith Foundation award?

In 2024, Julia and Albert Smith Foundation awarded 7 grants totaling $172K — an average of about $25K per grant, based on its IRS Form 990 filings.

How much is Julia and Albert Smith Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Julia and Albert Smith Foundation reported a distributable amount of $269K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

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.