Lemotto Smith Trust
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.
Lemotto Smith Trust at a glance
In short: Lemotto Smith Trust gave $400K across 3 grants in 2024 (avg $133K), mostly in West Virginia. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $399,732
- -10.2% vs 2023
- Grants made (2024)
- 3
- +0.0% vs 2023
- Average grant
- $133,244
- -10.2% vs 2023
- Median grant
- $175,000
- Total assets
- $8,231,518
- +1.6% vs 2023
- Primary geography
- West Virginia (91% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Lemotto Smith Trust funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was Marshall University Foundation ($187K). Together the top 3 received $400K.
Grant Size Distribution
15 grants across all recorded years
The most common grant size was in the $100–250K range: 10 grants of 15 (67%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
States
Cities
How Lemotto Smith Trust gives
- Giving held roughly steady from 2021 to 2024 (−16%). Method
- In 2024 it paid out 98% 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 2020 to 2024, annual grant giving ranged from $375K (2020) to $479K (2021). In 2024 it made 3 grants totaling $400K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Marshall University Foundation Huntington, WV | Scholarships | $187,000 |
| West Virginia Foundation Morgantown, WV | Scholarships | $175,000 |
| Marietta College Marietta, OH | Scholarships | $37,732 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $8,231,518 | $520,007 | $435,137 | $399,732 | 3 | $399,732 | $484,602 | $408,758 |
| 2023 | $8,104,910 | $162,596 | $486,586 | $445,030 | 3 | $445,030 | $121,040 | $418,450 |
| 2022 | $8,078,211 | $164,251 | $498,696 | $456,067 | 3 | $456,067 | $402,670 | $443,629 |
| 2021 | $9,547,881 | $148,882 | $517,471 | $478,645 | 3 | $478,645 | $115,856 | $469,400 |
| 2020 | $9,643,066 | $118,744 | $412,565 | $375,293 | 3 | — | $81,472 | $384,602 |
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.
Leadership & Key People
Officers and directors from IRS filings
Lemotto Smith Trust is led by W. Michael Frazier, Trustee on every filing since 2020 — the only officer listed, and compensated.
Officers on the 2024 filing
W. Michael Frazier
Trustee
On filings since 2020
1 hr/week
$19K (2020) → $18K (2024)
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $18K, to W Michael Frazier (Trustee).
Frequently asked questions about Lemotto Smith Trust
How much does Lemotto Smith Trust give each year?
Lemotto Smith Trust gave $400K across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $445K across 3 grants.
What is Lemotto Smith Trust's typical grant size?
Lemotto Smith Trust's median grant in 2024 was $175,000, and its average grant was $133,244, across 3 grants on its 2024 IRS Form 990-PF.
Where does Lemotto Smith Trust give grants?
Lemotto Smith Trust gives mostly in West Virginia: 91% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Ohio (9%).
Does Lemotto Smith Trust give general operating support?
Not in 2024: none of the 3 grants with a stated purpose on Lemotto Smith Trust's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarships" (3 grants).
How large is Lemotto Smith Trust?
Lemotto Smith Trust reported $8.2M in total assets on its 2024 IRS Form 990-PF. It paid out $400K in qualifying distributions that year, against a required minimum of $409K (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 Lemotto Smith Trust's EIN?
Lemotto Smith Trust's EIN (Employer Identification Number) is 55-6099873. IRS Form 990 filing data is available on this page for 2020–2024.
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 2020–2024
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