L B and L W Smith and Family Foundation
L B and L W Smith and Family Foundation is a private foundation, based in Delta, UT. IRS filing data is available from 2020 through 2023. In 2023, it awarded 8 grants totaling $4.7M. Net investment income was $276K.
L B and L W Smith and Family Foundation at a glance
In short: L B and L W Smith and Family Foundation gave $4.7M across 8 grants in 2023 (avg $588K), mostly in Utah. Source: 2023 IRS Form 990-PF.
- Annual giving (2023)
- $4,701,729
- +2250.9% vs 2022
- Grants made (2023)
- 8
- +700.0% vs 2022
- Average grant
- $587,716
- +193.9% vs 2022
- Median grant
- $80,520
- Primary geography
- Utah (98% of itemized 2023 grant dollars)
- Latest 990 filing
- Form 990-PF, 2023 View filing
Data from IRS Form 990-PF, 2023; updated September 2026.
Who L B and L W Smith and Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2023
The largest 2023 recipient was Community Foundation of Utah (74-3211770) ($2.9M across 4 grants). Together the top 4 received $4.7M.
Grant Size Distribution
11 grants across all recorded years
The most common grant size was in the $50–100K range: 4 grants of 11 (36%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2023 grant dollars across all 8 itemized grants.
States
Cities
How L B and L W Smith and Family Foundation gives
- Giving grew 2251% from 2020 to 2023. Method
- In 2023 it paid out well above its IRS minimum distribution (the 5% rule). 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 2023, annual grant giving ranged from $200K (2020) to $4.7M (2023). In 2023 it made 8 grants totaling $4.7M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Community Foundation of Utah (74-3211770) Salt Lake City, UT | Charitable Contribution | $1,705,000 |
| Deseret Trust Company (87-0291656) Salt Lake City, UT | Charitable Contribution | $1,579,076 |
| Community Foundation of Utah (74-3211770) Salt Lake City, UT | Charitable Contribution | $1,084,681 |
| Deseret Trust Company (87-0291656) Salt Lake City, UT | Charitable Contribution | $82,660 |
| Community Foundation of Utah (74-3211770) Salt Lake City, UT | Charitable Contribution | $78,380 |
| Fideltiy Investment Charitable Gift Fund (11-0303001) Boston, MA | Charitable Contribution | $75,000 |
| Church of Jesus Christ of Latter-Day Saints Salt Lake City, UT | Charitable Contribution | $66,932 |
| Community Foundation of Utah (74-3211770) Salt Lake City, UT | Charitalbe Contribution | $30,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2023 | — | $423,359 | $4,849,335 | $4,701,729 | 8 | $4,701,729 | $276,224 | $206,515 |
| 2022 | $1,664,672 | $110,892 | $279,102 | $200,000 | 1 | $200,000 | $33,897 | $197,512 |
| 2021 | $1,630,707 | $219,116 | $273,919 | $200,000 | 1 | $200,000 | $148,051 | $229,392 |
| 2020 | $1,685,510 | $262,639 | $258,888 | $200,000 | 1 | — | $204,527 | $318,982 |
Under IRS private-foundation payout rules, L B and L W Smith and Family Foundation reported a distributable amount of $207K for 2023 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
L B and L W Smith and Family Foundation is led by Daron Smith, President & Treasurer on the 2023 filing; 1 of 3 officers listed in 2023 is compensated.
Officers on the 2023 filing
Daron Smith
President & Treasurer
New on the 2023 filing
10 hrs/week
$60K (2023)
Ellen Draughon
Secretary
New on the 2023 filing
1 hr/week
No compensation reported
Steven Jacobson
Vice President
New on the 2023 filing
1 hr/week
No compensation reported
Former officers (2)
- Former: Douglas A. Smith (2020–2022) — President
- Former: Ralph Leon Smith (2022) — Vice President
Data from IRS Form 990 filings, 2020–2023. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2023 IRS filing
The highest reported compensation on the 2023 filing was $60K, to Daron Smith (President).
Frequently asked questions about L B and L W Smith and Family Foundation
How much does L B and L W Smith and Family Foundation give each year?
L B and L W Smith and Family Foundation gave $4.7M across 8 grants in 2023, according to its 2023 IRS Form 990-PF. In 2022 it gave $200K across 1 grant.
What is L B and L W Smith and Family Foundation's typical grant size?
L B and L W Smith and Family Foundation's median grant in 2023 was $80,520, and its average grant was $587,716, across 8 grants on its 2023 IRS Form 990-PF.
Where does L B and L W Smith and Family Foundation give grants?
L B and L W Smith and Family Foundation gives mostly in Utah: 98% of the grant dollars itemized on its 2023 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Salt Lake City, UT (7 grants).
Who are L B and L W Smith and Family Foundation's largest grantees?
L B and L W Smith and Family Foundation's largest 2023 grantees include Community Foundation of Utah (74-3211770) ($2,898,061 across 4 grants), Deseret Trust Company (87-0291656) ($1,661,736 across 2 grants) and Fideltiy Investment Charitable Gift Fund (11-0303001) ($75,000), according to its 2023 IRS Form 990-PF. Together they received 99% of its itemized 2023 grant dollars.
How much is L B and L W Smith and Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2023, L B and L W Smith and Family Foundation reported a distributable amount of $207K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is L B and L W Smith and Family Foundation's EIN?
L B and L W Smith and Family Foundation's EIN (Employer Identification Number) is 87-6224770. IRS Form 990 filing data is available on this page for 2020–2023.
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 2020–2023
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