Lemotto Smith Trust

Foundation · Grantmaker HUNTINGTON, WV EIN: 55-6099873

Lemotto Smith Trust is a private foundation, based in HUNTINGTON, WV. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $8.2M in total assets. In 2024, it awarded 3 grants totaling $400K. Net investment income was $485K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$8.2M

+1.6% YoY

Annual Giving

$400K

-10.2% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$133K

-10.2% YoY

Under IRS private-foundation payout rules, Lemotto Smith Trust reported a distributable amount of $409K for 2024 — the minimum it must pay out in qualifying distributions.

About Lemotto Smith Trust

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

West Virginia $1.9M (88%)

Ohio $249K (12%)

States

Ohio West Virginia

Cities

HuntingtonMariettaMorgantownMorgsntown

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$8,231,518	$8,104,910	$8,078,211
Revenue	$520,007	$162,596	$164,251
Expenses	$435,137	$486,586	$498,696
Qualifying Distributions	$399,732	$445,030	$456,067
Net Investment Income	$484,602	$121,040	$402,670
Distributable Amount	$408,758	$418,450	$443,629

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

Grant Size Distribution

15 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Marshall University Foundation ($187,000), West Virginia Foundation ($175,000), Marietta College ($37,732).

Recipient	Purpose	Amount
MARIETTA COLLEGE MARIETTA, OH	SCHOLARSHIPS	$37,732
WEST VIRGINIA FOUNDATION MORGANTOWN, WV	SCHOLARSHIPS	$175,000
MARSHALL UNIVERSITY FOUNDATION HUNTINGTON, WV	SCHOLARSHIPS	$187,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
W MICHAEL FRAZIER	TRUSTEE	1	$18,200

Frequently Asked Questions

How large is Lemotto Smith Trust?

As of 2024, Lemotto Smith Trust holds $8.2M in total assets with $520K in annual revenue. It awarded 3 grants totaling $400K in 2024.

Where does Lemotto Smith Trust operate?

Lemotto Smith Trust has awarded grants in Ohio, West Virginia.

What size grants does Lemotto Smith Trust award?

In 2024, Lemotto Smith Trust awarded 3 grants totaling $400K — an average of about $133K per grant, based on its IRS Form 990 filings.

How much is Lemotto Smith Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Lemotto Smith Trust reported a distributable amount of $409K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.