Laverna M Smedley Charitable Foundation
Laverna M Smedley Charitable Foundation is a private foundation, based in Mason City, IA. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $1.5M in total assets. In 2025, it awarded 6 grants totaling $77K. Net investment income was $35K.
Laverna M Smedley Charitable Foundation at a glance
In short: Laverna M Smedley Charitable Foundation gave $77K across 6 grants in 2025 (avg $13K), mostly in Iowa. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $76,535
- +6.0% vs 2024
- Grants made (2025)
- 6
- +0.0% vs 2024
- Average grant
- $12,756
- +6.0% vs 2024
- Median grant
- $11,500
- Total assets
- $1,529,117
- -3.7% vs 2024
- Primary geography
- Iowa (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
Who Laverna M Smedley Charitable Foundation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was Salvation Army Adult Day Health Center ($23K). Together the top 3 received $46K.
Organizations only. It also paid 3 grants to individuals ($30,400), which are not listed by name.
Grant Size Distribution
26 grants across all recorded years
The most common grant size was under $50K: 26 grants of 26 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 6 itemized grants.
States
Cities
How Laverna M Smedley Charitable Foundation gives
- Giving held roughly steady from 2022 to 2025 (−12%). Method
- In 2025 it paid out 97% 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 2022 to 2025, annual grant giving ranged from $72K (2024) to $87K (2022). In 2025 it made 6 grants totaling $77K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 3 grants to individuals Recipients not named | — | $30,400 |
| Salvation Army Adult Day Health Center Mason City, IA | Provide Assistancein Offering Respitecare to Caretakers | $23,135 |
| Comprehensive Systems Inc Charles City, IA | Provide Assistancein Offering Respitecare to Caretakers | $20,000 |
| Meals on Wheels of Mason City Inc Mason City, IA | Provide Assistancein Offering Respitecare to Caretakers | $3,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $1,529,117 | $37,584 | $97,064 | $76,535 | 6 | $76,535 | $35,141 | $79,017 |
| 2024 | $1,587,884 | $55,755 | $91,094 | $72,206 | 6 | $72,206 | $37,450 | $76,535 |
| 2023 | $1,623,547 | $-30,555 | $96,791 | $77,341 | 7 | $77,341 | $34,455 | $72,206 |
| 2022 | $1,751,618 | $61,761 | $108,597 | $87,328 | 7 | $108,597 | $61,761 | $77,341 |
| 2021 | $1,800,496 | $48,128 | — | — | — | — | $48,128 | $87,328 |
Under IRS private-foundation payout rules, Laverna M Smedley Charitable Foundation reported a distributable amount of $79K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Laverna M Smedley Charitable Foundation's only listed officer is First Citizens Bank, Trustee on every filing since 2021 (compensated).
Officers on the 2025 filing
First Citizens Bank
Trustee
On filings since 2021
$18K (2023) → $18K (2025)
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $18K, to First Citizens Bank (Trustee).
Frequently asked questions about Laverna M Smedley Charitable Foundation
How much does Laverna M Smedley Charitable Foundation give each year?
Laverna M Smedley Charitable Foundation gave $77K across 6 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $72K across 6 grants.
What is Laverna M Smedley Charitable Foundation's typical grant size?
Laverna M Smedley Charitable Foundation's median grant in 2025 was $11,500, and its average grant was $12,756, across 6 grants on its 2025 IRS Form 990-PF.
Where does Laverna M Smedley Charitable Foundation give grants?
Laverna M Smedley Charitable Foundation gives mostly in Iowa: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Mason City, IA (2 grants).
Does Laverna M Smedley Charitable Foundation give general operating support?
Not in 2025: none of the 6 grants with a stated purpose on Laverna M Smedley Charitable Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Provide Assistancein Offering Respitecare to Caretakers" (3 grants).
Who are Laverna M Smedley Charitable Foundation's largest grantees?
Laverna M Smedley Charitable Foundation's largest 2025 grantees include Salvation Army Adult Day Health Center ($23,135), Comprehensive Systems Inc ($20,000) and Meals on Wheels of Mason City Inc ($3,000), according to its 2025 IRS Form 990-PF. It also paid 3 grants to individuals ($30,400), which are not listed by name. Together they received 60% of its itemized 2025 grant dollars.
How large is Laverna M Smedley Charitable Foundation?
Laverna M Smedley Charitable Foundation reported $1.5M in total assets on its 2025 IRS Form 990-PF. It paid out $77K in qualifying distributions that year, against a required minimum of $79K (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 Laverna M Smedley Charitable Foundation's EIN?
Laverna M Smedley Charitable Foundation's EIN (Employer Identification Number) is 61-1934955. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2022 (received by the IRS April 13, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 12, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 1, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 1, 2026)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 19, 2022)
- IRS filings on file for fiscal years 2021–2025
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