Neal and Bea Smith Family Foundation
Neal and Bea Smith Family Foundation is a private foundation, based in Pleasant Hill, IA. IRS filing data is available from 2020 through 2024. In 2024, it awarded 1 grant totaling $423K. Net investment income was $186.
Neal and Bea Smith Family Foundation at a glance
In short: Neal and Bea Smith Family Foundation gave $423K across 1 grant in 2024 (avg $423K), mostly in Florida. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $423,040
- +1822.9% vs 2023
- Grants made (2024)
- 1
- -91.7% vs 2023
- Average grant
- $423,040
- +22974.9% vs 2023
- Median grant
- $423,040
- Primary geography
- Florida (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Neal and Bea Smith Family Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Raymond James Charitable Endowment ($423K).
Grant Size Distribution
68 grants across all recorded years
The most common grant size was under $50K: 67 grants of 68 (99%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
Cities
How Neal and Bea Smith Family Foundation gives
- Giving grew 2011% 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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $20K (2022) to $423K (2024). In 2024 it made 1 grant totaling $423K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Raymond James Charitable Endowment St Petersburg, FL | Charitable Purposes | $423,040 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | — | $186 | $423,059 | $423,040 | 1 | $423,059 | $186 | $171 |
| 2023 | $422,873 | $-10,247 | $22,925 | $22,000 | 12 | $22,925 | $12,259 | $21,226 |
| 2022 | $429,833 | $9,604 | $21,400 | $20,000 | 19 | $21,400 | $9,604 | $22,318 |
| 2021 | $482,090 | $13,507 | $21,497 | $20,040 | 19 | $21,497 | $13,507 | $23,952 |
| 2020 | $480,756 | $8,693 | $21,809 | $20,040 | 17 | — | $16,199 | $22,842 |
Under IRS private-foundation payout rules, Neal and Bea Smith Family Foundation reported a distributable amount of $171 for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Neal and Bea Smith Family Foundation is led by Sharon S Vanderschel, President & Director since 2021 (on filings since 2020); none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Sharon S Vanderschel
President & Director
Vice President, Treasurer, Secretary & Director → President & Director, 2021
On filings since 2020
1 hr/week
No compensation reported
Douglas R Smith
Director
On filings since 2021
1 hr/week
No compensation reported
Former officers (1)
- Former: Neal E. Smith (2020) — President, Treasurer & Director
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Neal and Bea Smith Family Foundation
How much does Neal and Bea Smith Family Foundation give each year?
Neal and Bea Smith Family Foundation gave $423K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $22K across 12 grants.
Where does Neal and Bea Smith Family Foundation operate?
Neal and Bea Smith Family Foundation has awarded grants in Florida, Georgia, Iowa, North Dakota.
How much is Neal and Bea Smith Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Neal and Bea Smith Family Foundation reported a distributable amount of $171 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Neal and Bea Smith Family Foundation's EIN?
Neal and Bea Smith Family Foundation's EIN (Employer Identification Number) is 42-1407701. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS April 28, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 10, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 12, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 7, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 16, 2025)
- IRS filings on file for fiscal years 2020–2024
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