Marvin B Smith Jr Memorial Scholarship Fund
Marvin B Smith Jr Memorial Scholarship Fund is a private foundation focused on Education, based in Greensboro, NC. IRS filing data is available from 2020 through 2026. As of 2026, the organization holds $1.9M in total assets. In 2026, it awarded 1 grant totaling $60K. Net investment income was $1.2M.
Key facts about Marvin B Smith Jr Memorial Scholarship Fund
In short: Marvin B Smith Jr Memorial Scholarship Fund gave $60K across 1 grant in 2026 (avg $60K), mostly in North Carolina. Source: 2026 IRS Form 990-PF.
- EIN
- 56-6048318
- Latest 990 filing
- Form 990-PF, 2026
- Annual giving (2026)
- $60,000
- Grants made (2026)
- 1
- Average grant
- $60,000
- Median grant
- $60,000
- Total assets
- $1,927,943
- Primary geography
- North Carolina (100% of itemized 2026 grant dollars)
Data from IRS Form 990-PF, 2026; updated October 2026.
Financial Overview
From 2026 IRS Form 990-PF · View filing
Total Assets
$1.9M
+144.7% YoY
Annual Giving
$60K
+20.0% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$60K
+20.0% YoY
Under IRS private-foundation payout rules, Marvin B Smith Jr Memorial Scholarship Fund reported a distributable amount of $76K for 2026 — the minimum it must pay out in qualifying distributions.
How Marvin B Smith Jr Memorial Scholarship Fund gives
- Giving fell 25% from 2023 to 2026. Method
- In 2026 it paid out 83% 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.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2026 grant dollars on its one itemized grant.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2026, annual grant giving ranged from $50K (2025) to $92K (2021). In 2026 it made 1 grant totaling $60K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top recipient in 2026
The largest 2026 recipient was Office of Scholarships & Student Ai UNC-Chapel Hill ($60K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $50–100K range: 5 grants of 5 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Office of Scholarships & Student Ai UNC-Chapel Hill Chapel Hill, NC | Scholarships | $60,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2026 | 2025 | 2024 |
|---|---|---|---|
| Total Assets | $1,927,943 | $787,983 | $793,088 |
| Revenue | $1,214,581 | $59,157 | $61,037 |
| Expenses | $74,621 | $64,262 | $79,094 |
| Qualifying Distributions | $62,800 | $52,551 | $69,782 |
| Net Investment Income | $1,171,702 | $48,952 | $51,978 |
| Distributable Amount | $75,853 | $79,315 | $72,247 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 9, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 16, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 1, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 9, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 12, 2024)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS August 4, 2025)
- Added Form 990-PF for fiscal year 2026 (received by the IRS July 29, 2026)
- IRS filings on file for fiscal years 2020–2025
Leadership & Key People
Officers and directors from IRS filings
Marvin B Smith Jr Memorial Scholarship Fund's only listed officer is Trust Company Of The South, Trustee on every filing since 2024 (compensated).
Officers on the 2026 filing
Trust Company Of The South
Trustee
On filings since 2024
$9K (2024) → $13K (2026)
Former officers (1)
- Former: Trust Company Of The South Mitchell Paul (2020–2023) — Trustee
Data from IRS Form 990 filings, 2020–2026. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2026 IRS filing
The highest reported compensation on the 2026 filing was $13K, to Trust Company of the South (Trustee).
Frequently asked questions about Marvin B Smith Jr Memorial Scholarship Fund
How much does Marvin B Smith Jr Memorial Scholarship Fund give each year?
Marvin B Smith Jr Memorial Scholarship Fund gave $60K across 1 grant in 2026, according to its 2026 IRS Form 990-PF. In 2025 it gave $50K across 1 grant.
How large is Marvin B Smith Jr Memorial Scholarship Fund?
Marvin B Smith Jr Memorial Scholarship Fund reported $1.9M in total assets on its 2026 IRS Form 990-PF. It paid out $63K in qualifying distributions that year, against a required minimum of $76K (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 Marvin B Smith Jr Memorial Scholarship Fund?
Marvin B Smith Jr Memorial Scholarship Fund is a private foundation focused on Education, based in Greensboro, NC. It holds $1.9M in total assets as of 2026.
Where does Marvin B Smith Jr Memorial Scholarship Fund operate?
Marvin B Smith Jr Memorial Scholarship Fund has awarded grants in North Carolina.
What is Marvin B Smith Jr Memorial Scholarship Fund's EIN?
Marvin B Smith Jr Memorial Scholarship Fund's EIN (Employer Identification Number) is 56-6048318. IRS Form 990 filing data is available on this page for 2020–2026.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching Marvin B Smith Jr Memorial Scholarship Fund by hand.
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