Neal and Bea Smith Family Foundation

Private foundation · Grantmaker Pleasant Hill, IA EIN: 42-1407701

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

Raymond James Charitable Endowment: $423KRaymond James CharitableEndowment$423K

The largest 2024 recipient was Raymond James Charitable Endowment ($423K).

Grant Size Distribution

68 grants across all recorded years

67<$50K$50–100K$100–250K1$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 67 grants of 68 (99%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

4states

Share of the 2024 grant dollars on its one itemized grant.

Cities

Des MoinesAltoonaJohnstonSarasotaAnkenyAtlantaFargoPrairie CityWest Des MoinesHedrickPleasant HillCedar RapidsMitchellvilleSt Petersburg

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

$0$200K$400K$600K17 grants2020 19 grants2021 19 grants2022 12 grants2023 1 grant2024

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

RecipientPurposeAmount
Raymond James Charitable Endowment St Petersburg, FLCharitable Purposes$423,040
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsQualifying DistributionsNet Investment IncomeDistributable Amount
2024—$186$423,059$423,0401$423,059$186$171
2023$422,873$-10,247$22,925$22,00012$22,925$12,259$21,226
2022$429,833$9,604$21,400$20,00019$21,400$9,604$22,318
2021$482,090$13,507$21,497$20,04019$21,497$13,507$23,952
2020$480,756$8,693$21,809$20,04017—$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

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS April 28, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS November 10, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS May 12, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS May 7, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS April 16, 2025)
  6. IRS filings on file for fiscal years 2020–2024

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from Neal and Bea Smith Family Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.

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