Laverna M Smedley Charitable Foundation
Laverna M Smedley Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MASON CITY, IA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $1.6M in total assets. In 2024, it awarded 6 grants totaling $72K. Net investment income was $37K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.6M
-2.2% YoY
Annual Giving
$72K
-6.6% YoY
Grant Count
6
-14.3% YoY
Avg Grant Size
$12K
+8.9% YoY
Under IRS private-foundation payout rules, Laverna M Smedley Charitable Foundation reported a distributable amount of $77K for 2024 — the minimum it must pay out in qualifying distributions.
About Laverna M Smedley Charitable Foundation
Based on IRS filings
Laverna M Smedley Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MASON CITY, IA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $1.6M in total assets. In 2024, it awarded 6 grants totaling $72K. Net investment income was $37K.
Focus Areas
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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 | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,587,884 | $1,623,547 | $1,751,618 |
| Revenue | $55,755 | $-30,555 | $61,761 |
| Expenses | $91,094 | $96,791 | $108,597 |
| Qualifying Distributions | $72,206 | $77,341 | $108,597 |
| Net Investment Income | $37,450 | $34,455 | $61,761 |
| Distributable Amount | $76,535 | $72,206 | $77,341 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
20 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include North Iowa Area Comm College ($25,000), Comprehensive Systems Inc ($20,128), Salvation Army Adult Day Health Center ($20,128).
| Recipient | Purpose | Amount |
|---|---|---|
| COMPREHENSIVE SYSTEMS INC CHARLES CITY, IA | PROVIDE ASSISTANCEIN OFFERING RESPITECARE TO CARETAKERS | $20,128 |
| MEALS ON WHEELS OF MASON CITY INC MASON CITY, IA | PROVIDE ASSISTANCEIN OFFERING RESPITECARE TO CARETAKERS | $2,500 |
| AMELIA G COLLINS KANAWHA, IA | USE INACCREDITED NURSING PROGRAM | $2,500 |
| SALVATION ARMY ADULT DAY HEALTH CENTER MASON CITY, IA | PROVIDE ASSISTANCEIN OFFERING RESPITECARE TO CARETAKERS | $20,128 |
| NORTH IOWA AREA COMM COLLEGE MASON CITY, IA | FOR SCHOLARSHIPSTO ACCREDITED NURSING STUDENTS | $25,000 |
| ALYSSA BLANKENSHIP GARNER, IA | USE IN ACCREDITED NURSING PROGRAM | $1,950 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
No officer/director data available.
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Laverna M Smedley Charitable Foundation?
Laverna M Smedley Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MASON CITY, IA. It holds $1.6M in total assets as of 2024.
How large is Laverna M Smedley Charitable Foundation?
As of 2024, Laverna M Smedley Charitable Foundation holds $1.6M in total assets with $56K in annual revenue. It awarded 6 grants totaling $72K in 2024.
Where does Laverna M Smedley Charitable Foundation operate?
Laverna M Smedley Charitable Foundation has awarded grants in Iowa.
What size grants does Laverna M Smedley Charitable Foundation award?
In 2024, Laverna M Smedley Charitable Foundation awarded 6 grants totaling $72K — an average of about $12K per grant, based on its IRS Form 990 filings.
How much is Laverna M Smedley Charitable Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Laverna M Smedley Charitable Foundation reported a distributable amount of $77K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2021–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.