L B and L W Smith and Family
L B and L W Smith and Family 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.
Financial Overview
From 2023 IRS Form 990-PF · View filing
Total Assets
—
-100.0% YoY
Annual Giving
$4.7M
+2250.9% YoY
Grant Count
8
+700.0% YoY
Avg Grant Size
$588K
+193.9% YoY
Under IRS private-foundation payout rules, L B and L W Smith and Family reported a distributable amount of $207K for 2023 — the minimum it must pay out in qualifying distributions.
About L B and L W Smith and Family
Based on IRS filings
L B and L W Smith and Family 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.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | — | $1,664,672 | $1,630,707 |
| Revenue | $423,359 | $110,892 | $219,116 |
| Expenses | $4,849,335 | $279,102 | $273,919 |
| Qualifying Distributions | $4,701,729 | $200,000 | $200,000 |
| Net Investment Income | $276,224 | $33,897 | $148,051 |
| Distributable Amount | $206,515 | $197,512 | $229,392 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2023
Grant Size Distribution
11 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2023 grants, the largest include Community Foundation of Utah (74-3211770) ($1,705,000), Deseret Trust Company (87-0291656) ($1,579,076), Community Foundation of Utah (74-3211770) ($1,084,681).
| Recipient | Purpose | Amount |
|---|---|---|
| FIDELTIY INVESTMENT CHARITABLE GIFT FUND (11-0303001) BOSTON, MA | CHARITABLE CONTRIBUTION | $75,000 |
| COMMUNITY FOUNDATION OF UTAH (74-3211770) SALT LAKE CITY, UT | CHARITALBE CONTRIBUTION | $30,000 |
| DESERET TRUST COMPANY (87-0291656) SALT LAKE CITY, UT | CHARITABLE CONTRIBUTION | $82,660 |
| 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 |
| COMMUNITY FOUNDATION OF UTAH (74-3211770) SALT LAKE CITY, UT | CHARITABLE CONTRIBUTION | $1,705,000 |
| COMMUNITY FOUNDATION OF UTAH (74-3211770) SALT LAKE CITY, UT | CHARITABLE CONTRIBUTION | $78,380 |
| CHURCH OF JESUS CHRIST OF LATTER-DAY SAINTS SALT LAKE CITY, UT | CHARITABLE CONTRIBUTION | $66,932 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2023 IRS filing
From 2023 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DARON SMITH | PRESIDENT | 10 | $60,000 |
| STEVEN JACOBSON | VICE-PRESIDENT | 1 | — |
| DARON SMITH | TREASURER | 1 | — |
| ELLEN DRAUGHON | SECRETARY | 1 | — |
Frequently Asked Questions
Where does L B and L W Smith and Family operate?
L B and L W Smith and Family has awarded grants in Massachusetts, Utah.
What size grants does L B and L W Smith and Family award?
In 2023, L B and L W Smith and Family awarded 8 grants totaling $4.7M — an average of about $588K per grant, based on its IRS Form 990 filings.
How much is L B and L W Smith and Family 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 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's EIN?
L B and L W Smith and Family's EIN (Employer Identification Number) is 87-6224770. IRS Form 990 filing data is available on this page for 2020–2023.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.