Mary Ilo Smith Charitable Foundation

Foundation · Grantmaker Dallas, TX EIN: 74-2652604

The Mary Ilo Smith Charitable Foundation is a private foundation based in Dallas, Texas. Established in 1992, it operates as a family foundation with a focus on philanthropic grantmaking across multiple service sectors.

Key facts about Mary Ilo Smith Charitable Foundation

EIN
74-2652604
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$621,863
Grants made (2024)
9
Average grant
$69,096
Median grant
$3
Primary geography
Texas (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Who Mary Ilo Smith Charitable Foundation funds

By grant dollars, the top recipient states for Mary Ilo Smith Charitable Foundation's 9 itemized 2024 grants were Texas (100%). The most frequent recipient cities were San Antonio, TX (4 grants). 89% of grants with a stated purpose were for general or operating support.

How Mary Ilo Smith Charitable Foundation gives

  • Giving grew 378% from 2021 to 2024. Method
  • In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

—

-100.0% YoY

Annual Giving

$622K

-70.4% YoY

Grant Count

9

+28.6% YoY

Avg Grant Size

$69K

-77.0% YoY

Under IRS private-foundation payout rules, Mary Ilo Smith Charitable Foundation reported a distributable amount of $3K for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation provides giving in the following areas:

  • Women's services
  • Blind and elderly services
  • Health and medical services
  • Higher education and educational financial support
  • Youth and relief services

Grantmaking

The foundation has filed a final return as of 2024.

Grant Range

$294,600

Average Grant

$299,800

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Geographic Focus

Where this funder awards grants

The foundation primarily funds organizations in:

  • Texas
  • Arizona
  • Maryland

Grant Distribution by State

6states

Share of all 9 itemized 2024 grant dollars.

Cities

San AntonioLong BeachMesaPhoenixHoustonCollege StationDarlingtonHagerstownMillwood

Financial History

Multi-year comparison from IRS filings

Most Recent Financial Data:

  • Total assets: $572,000
  • Total giving: $2,098,652 (cumulative)
  • Annual revenue: $324,800
  • Number of grants awarded: 7

IRS Filing Information:

  • EIN: 74-2652604
  • IRS 501(c)(3) classification
  • Most recent tax filing: December 1, 2023
  • Form 990-PF filer
Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$584K$1M$2M$2M20202021202220232024
Metric202420232022
Total Assets—$572,000$2,366,965
Revenue$48,317$324,764$111,513
Expenses$621,863$2,124,058$155,549
Qualifying Distributions$621,863$2,106,275$138,286
Net Investment Income$48,316$311,797$98,756
Distributable Amount$3,155$99,144$123,099

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

Giving Over Time

Total grant dollars and number of grants per year

$0$525K$1M$2M$2M11 grants202012 grants202112 grants20227 grants20239 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 9 recipients in 2024

Baylor College of Medicine: $318KBaylor College of Medicine$318KChristus Continuing Care: $304KChristus Continuing Care$304KSalvation Army: $4Salvation Army$4Project Hope: $3Project Hope$3Roy Maas' Youth Alternatives Inc: $3Roy Maas' Youth AlternativesInc$3Family Violence Prevention: $3Family Violence Prevention$3Assistance League of San Antonio: $3Assistance League of SanAntonio$3Sunshine Acres Children's Home Inc: $3Sunshine Acres Children's HomeInc$3Hospice of the Valley: $3Hospice of the Valley$3

Grant Size Distribution

51 grants across all recorded years

42<$50K$50–100K$100–250K9$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Baylor College of Medicine ($318,174), Christus Continuing Care ($303,667), Salvation Army ($4).

RecipientPurposeAmount
BAYLOR COLLEGE OF MEDICINE Houston, TXUNRESTRICTED GENERAL$318,174
CHRISTUS CONTINUING CARE San Antonio, TXOPERATIONS FOR CANCER$303,667
SALVATION ARMY Long Beach, CAUNRESTRICTED GENERAL$4
PROJECT HOPE Hagerstown, MDUNRESTRICTED GENERAL$3
ROY MAAS' YOUTH ALTERNATIVES INC San Antonio, TXUNRESTRICTED GENERAL$3
FAMILY VIOLENCE PREVENTION San Antonio, TXUNRESTRICTED GENERAL$3
ASSISTANCE LEAGUE OF SAN ANTONIO San Antonio, TXUNRESTRICTED GENERAL$3
SUNSHINE ACRES CHILDREN'S HOME INC Mesa, AZUNRESTRICTED GENERAL$3
HOSPICE OF THE VALLEY Phoenix, AZUNRESTRICTED GENERAL$3

Leadership & Key People

Leadership team and compensation from IRS filings

  • Bank of America N.A. serves as Co-Trustee

Compensation Overview

From 2023 IRS filing

Bank of America N a — Co-Trustee: $15KBank of America N aCo-Trustee$15K

From 2024 IRS filing

NameTitleHoursCompensation
Bank of America N aCo-Trustee1—

Contact Information

Mailing Address: PO Box 653067 Dallas, TX 75265-3067

Frequently Asked Questions

What does Mary Ilo Smith Charitable Foundation fund?

The foundation provides giving in the following areas: • Women's services • Blind and elderly services • Health and medical services • Higher education and educational financial support • Youth and relief services

How do I apply for a grant from Mary Ilo Smith Charitable Foundation?

**Grant Activity:** • Total giving: $2,098,652 (historical cumulative) • Recent annual giving: $621,863 (2024 filing) • Typical grant awards range from $3 to $321,485 • Median grant size: $294,600 • Average grant size: $299,800 **Primary Funding Focus Areas:** • Education • Philanthropy, Voluntarism & Grantmaking • Human Services The foundation has filed a final return as of 2024.

Where does Mary Ilo Smith Charitable Foundation make grants?

The foundation primarily funds organizations in: • Texas • Arizona • Maryland

What size grants does Mary Ilo Smith Charitable Foundation award?

In 2024, Mary Ilo Smith Charitable Foundation awarded 9 grants totaling $622K — an average of about $69K per grant, based on its IRS Form 990 filings.

How much is Mary Ilo Smith Charitable Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Mary Ilo Smith Charitable Foundation reported a distributable amount of $3K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Mary Ilo Smith Charitable Foundation's EIN?

Mary Ilo Smith Charitable Foundation's EIN (Employer Identification Number) is 74-2652604. IRS Form 990 filing data is available on this page for 2020–2024.

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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.

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