Lloyd L & Louise K Smith Foundation
The Lloyd L & Louise K Smith Foundation is a private independent foundation established in 1992, based in Columbus, Ohio. The foundation operates as a 501(c)(3) organization with a focus on grantmaking to nonprofit organizations across multiple sectors.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.2M
-0.6% YoY
Annual Giving
$254K
-15.0% YoY
Grant Count
75
-11.8% YoY
Avg Grant Size
$3K
-3.7% YoY
Under IRS private-foundation payout rules, Lloyd L & Louise K Smith Foundation reported a distributable amount of $337K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation supports nonprofit organizations with primary areas of interest including:
- Social and human services
- Arts and culture
- Education
- Health and hospitals
- Religion
- Community development
- Civic organizations
- Children and youth
Grantmaking
Applicants must submit a letter accompanied by a copy of the most recent annual report, an audited financial statement, and an IRS determination letter. There are no application deadlines.
Review Cycle
.
How to Apply
**
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Geographic Focus
Where this funder awards grants
Approximately 96% of grants remain in Ohio. The foundation also provides funding to organizations in Virginia and Colorado, though Ohio is the primary focus area, with particular preference given to organizations located in Summit County, Ohio.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $5,208,753
- Total Giving: $254,200
- Total Revenues: $179,923
- Total Expenses: $354,269
- Investment Income and Dividends: $235,553
- Number of Employees: 1
Revenue Composition (2024):
- Investment income and dividends: $235,553
- Net gain from sale of non-inventory assets: -$55,630
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $5,208,753 | $5,238,666 | $4,928,897 |
| Revenue | $179,923 | $843,120 | $480,844 |
| Expenses | $354,269 | $388,308 | $450,175 |
| Qualifying Distributions | $298,707 | $340,042 | $351,402 |
| Net Investment Income | $193,674 | $781,643 | $433,949 |
| Distributable Amount | $337,294 | $309,351 | $324,084 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
152 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Akron-canton Regional Foodbank ($12,500), Boy Scouts of America ($10,000), Tuesday Musical Association ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CHILDRENS HOSPITAL AURORA, CO | GENERAL OPERATING | $6,000 |
| GASP GUARDIANS ADVOCATING CHILD SAFETY A AKRON, OH | GENERAL OPERATING | $1,500 |
| UNITED WAY WORLDWIDE ALEXANDRIA, VA | GENERAL OPERATING | $7,500 |
| STEWARTS CARING PLACE FAIRLAWN, OH | GENERAL OPERATING | $3,000 |
| FIRST GLANCE STUDENT CENTER AKRON, OH | GENERAL OPERATING | $2,000 |
| LAWRENCE SCHOOL SAGAMORE HILLS, OH | GENERAL OPERATING | $1,000 |
| THE SALVATION ARMY ALEXANDRIA, VA | GENERAL OPERATING | $8,000 |
| RONALD MCDONALD HOUSE OF CHARITIES NE BOSTON, MA | GENERAL OPERATING | $1,000 |
| AKRON CHILDREN'S MUSEUM AKRON, OH | GENERAL OPERATING | $1,000 |
| CUYAHOGA VALLEY PRESERVATION AND SCENIC PENINSULA, OH | GENERAL OPERATING | $2,500 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Founder: Lloyd L. Smith and Louise K. Smith
- Donor: Lloyd L. Smith Trust
- Co-Trustee: Orville L Reed III
- Co-Trustee: William L Caplan
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ORVILLE L REED III | CO-TRUSTEE | — | $1,500 |
| WILLIAM L CAPLAN ESQ | CO-TRUSTEE | — | $1,500 |
| HUNTINGTON NATIONAL BANK | TRUSTEE | 1 | $74,453 |
Contact Information
Mailing Address: Lloyd L & Louise K Smith Foundation PO Box 1558, Dept Ea5w86 Columbus, Ohio 43216
Phone: 330-384-7301
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Lloyd L & Louise K Smith Foundation fund?
The foundation supports nonprofit organizations with primary areas of interest including: • Social and human services • Arts and culture • Education • Health and hospitals • Religion • Community development • Civic organizations • Children and youth
How do I apply for a grant from Lloyd L & Louise K Smith Foundation?
**Grant Characteristics:** • Typical award range: $500–$20,000 • Primary support type: General operating support • Recent grant activity: 85 grants made in 2024, totaling $254,200 **Recent Grants (2024):** • Akron-Canton Regional Foodbank: $12,500 • Tuesday Musical Association: $10,000 • Battered Women's Shelter: $8,500 • United Way Worldwide: $20,000 • Girl Scouts of North East Ohio: $9,000 • Musical Arts Association: $12,000 • Greater Akron Musical Association: $7,500 • Magical Theatre Compan…
Where does Lloyd L & Louise K Smith Foundation make grants?
Approximately 96% of grants remain in Ohio. The foundation also provides funding to organizations in Virginia and Colorado, though Ohio is the primary focus area, with particular preference given to organizations located in Summit County, Ohio.
What size grants does Lloyd L & Louise K Smith Foundation award?
In 2024, Lloyd L & Louise K Smith Foundation awarded 75 grants totaling $254K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is Lloyd L & Louise K Smith Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Lloyd L & Louise K Smith Foundation reported a distributable amount of $337K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Lloyd L & Louise K Smith Foundation's EIN?
Lloyd L & Louise K Smith Foundation's EIN (Employer Identification Number) is 34-1717038. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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