Michael S Smith Family Foundation

Foundation · Grantmaker Hillsboro Beach, FL EIN: 81-6506101

Michael S Smith Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Hillsboro Beach, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $890K in total assets. In 2024, it awarded 4 grants totaling $88K. Net investment income was $28K.

Key facts about Michael S Smith Family Foundation

EIN: 81-6506101
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $87,572
Grants made (2024): 4
Average grant: $21,893
Median grant: $5,010
Total assets: $889,593
Primary geography: New York (89% of itemized 2024 grant dollars)

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

Who Michael S Smith Family Foundation funds

By grant dollars, the top recipient states for Michael S Smith Family Foundation's 4 itemized 2024 grants were New York (89%) and District of Columbia (11%). 100% of grants with a stated purpose were for general or operating support.

How Michael S Smith Family Foundation gives

Giving grew 290% from 2021 to 2024. Method
In 2024 it paid out 131% of 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

$890K

+12.5% YoY

Annual Giving

$88K

Grant Count

Avg Grant Size

$22K

Under IRS private-foundation payout rules, Michael S Smith Family Foundation reported a distributable amount of $67K for 2024 — the minimum it must pay out in qualifying distributions.

About Michael S Smith Family Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New York $78K (89%)

District of Columbia $10K (11%)

Florida $40 (0%)

Share of all 4 itemized 2024 grant dollars.

States

California District of Columbia Florida Massachusetts New York Tennessee Texas

Cities

New YorkMiamiWashingtonBostonBeverlyBoca RatonDallasDavieFort LauderdaleFraminghamLos AngelesMemphisPembroke ParkSafety HarborWest Hollywood

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$889,593	$790,899	$1,093,771
Revenue	$193,108	$35,000	$26,390
Expenses	$94,414	$5,948	$6,748
Qualifying Distributions	$87,572	—	—
Net Investment Income	$27,629	$30,327	$18,489
Distributable Amount	$66,661	$1,814	$54,545

Data update history

When this profile's IRS filing data changed on Grantable

March 3, 2026 IRS filings on file for fiscal years 2020–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2024

Grant Size Distribution

29 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Idf ($77,532), Aipac ($10,000), Special Olympics ($20).

Recipient	Purpose	Amount
IDF New York, NY	GENERAL SUPPOR	$77,532
AIPAC Washington, DC	GENERAL SUPPORT	$10,000
SPECIAL OLYMPICS Davie, FL	GENERAL SUPPORT	$20
HABITAT FOR HUMANITY Fort Lauderdale, FL	GENERAL SUPPORT	$20

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS filing

Name	Title	Hours	Compensation
Michael Smith	President	2	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Michael S Smith Family Foundation?

Michael S Smith Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Hillsboro Beach, FL. It holds $890K in total assets as of 2024.

How large is Michael S Smith Family Foundation?

As of 2024, Michael S Smith Family Foundation holds $890K in total assets with $193K in annual revenue. It awarded 4 grants totaling $88K in 2024.

Where does Michael S Smith Family Foundation operate?

Michael S Smith Family Foundation has awarded grants in California, District of Columbia, Florida, Massachusetts, New York, Tennessee, Texas.

What size grants does Michael S Smith Family Foundation award?

In 2024, Michael S Smith Family Foundation awarded 4 grants totaling $88K — an average of about $22K per grant, based on its IRS Form 990 filings.

How much is Michael S Smith Family Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Michael S Smith Family Foundation reported a distributable amount of $67K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Michael S Smith Family Foundation's EIN?

Michael S Smith Family Foundation's EIN (Employer Identification Number) is 81-6506101. IRS Form 990 filing data is available on this page for 2020–2024.