Mary Ilo Smith Charitable Foundation
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.
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.
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
Cities
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
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| 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 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
Grant Size Distribution
51 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Baylor College of Medicine ($318,174), Christus Continuing Care ($303,667), Salvation Army ($4).
| Recipient | Purpose | Amount |
|---|---|---|
| PROJECT HOPE HAGERSTOWN, MD | UNRESTRICTED GENERAL | $3 |
| BAYLOR COLLEGE OF MEDICINE HOUSTON, TX | UNRESTRICTED GENERAL | $318,174 |
| ROY MAAS' YOUTH ALTERNATIVES INC SAN ANTONIO, TX | UNRESTRICTED GENERAL | $3 |
| FAMILY VIOLENCE PREVENTION SAN ANTONIO, TX | UNRESTRICTED GENERAL | $3 |
| ASSISTANCE LEAGUE OF SAN ANTONIO SAN ANTONIO, TX | UNRESTRICTED GENERAL | $3 |
| CHRISTUS CONTINUING CARE SAN ANTONIO, TX | OPERATIONS FOR CANCER | $303,667 |
| SUNSHINE ACRES CHILDREN'S HOME INC MESA, AZ | UNRESTRICTED GENERAL | $3 |
| HOSPICE OF THE VALLEY PHOENIX, AZ | UNRESTRICTED GENERAL | $3 |
| SALVATION ARMY LONG BEACH, CA | UNRESTRICTED GENERAL | $4 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Bank of America N.A. serves as Co-Trustee
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BANK OF AMERICA N A | CO-TRUSTEE | 1 | — |
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 June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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