Paul and Mulva Smith Charitable Trust
Paul and Mulva Smith Charitable Trust is a private foundation, based in Eagan, MN. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $1.9M in total assets. In 2025, it awarded 3 grants totaling $108K. Net investment income was $236K.
Paul and Mulva Smith Charitable Trust at a glance
In short: Paul and Mulva Smith Charitable Trust gave $108K across 3 grants in 2025 (avg $36K), top state Missouri. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $107,712
- +13.0% vs 2024
- Grants made (2025)
- 3
- +0.0% vs 2024
- Average grant
- $35,904
- +13.0% vs 2024
- Median grant
- $35,904
- Total assets
- $1,859,173
- +7.0% vs 2024
- Primary geography
- Missouri (33% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Paul and Mulva Smith Charitable Trust funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was Troy Holiness School ($36K). Together the top 3 received $108K.
Grant Size Distribution
15 grants across all recorded years
The most common grant size was under $50K: 15 grants of 15 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
Cities
How Paul and Mulva Smith Charitable Trust gives
- Giving grew 25% from 2022 to 2025. Method
- In 2025 it paid out 95% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2019 to 2025, annual grant giving ranged from $80K (2019) to $126K (2023). In 2025 it made 3 grants totaling $108K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Troy Holiness School Troy, MO | General Operating | $35,904 |
| Gravette Holiness Bible School Gravette, AR | General Operating | $35,904 |
| Evangelical Wesleyan Mission Spartanburg, SC | General Operating | $35,904 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $1,859,173 | $272,309 | $150,802 | $107,712 | 3 | $113,017 | $235,869 | $118,752 |
| 2024 | $1,737,721 | $146,158 | $136,707 | $95,307 | 3 | $100,435 | $111,660 | $112,839 |
| 2023 | $1,728,275 | $116,012 | $162,394 | $126,120 | 3 | $130,891 | $81,997 | $101,925 |
| 2022 | $1,774,663 | $-12,745 | $125,361 | $85,956 | 3 | $90,606 | $10,393 | $103,650 |
| 2021 | $1,912,764 | $234,114 | $122,571 | $84,078 | 3 | $89,122 | $201,344 | $121,024 |
| 2020 | $1,809,230 | $66,052 | $114,211 | $82,890 | 3 | — | $35,059 | $98,460 |
| 2019 | $1,850,728 | $17,848 | $112,788 | $80,418 | 3 | — | $14,713 | $97,145 |
Under IRS private-foundation payout rules, Paul and Mulva Smith Charitable Trust reported a distributable amount of $119K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Paul and Mulva Smith Charitable Trust's only listed officer is US Bank N A, Trustee on filings since 2019 (compensated).
Officers on the 2025 filing
US Bank N A
Trustee
On filings since 2019
1 hr/week
$28K (2019) → $38K (2025)
Former officers (1)
- Former: US Bank NA (2024) — Trustee
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $38K, to US Bank N a (Trustee).
Frequently asked questions about Paul and Mulva Smith Charitable Trust
How much does Paul and Mulva Smith Charitable Trust give each year?
Paul and Mulva Smith Charitable Trust gave $108K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $95K across 3 grants.
What is Paul and Mulva Smith Charitable Trust's typical grant size?
Paul and Mulva Smith Charitable Trust's median grant in 2025 was $35,904, and its average grant was $35,904, across 3 grants on its 2025 IRS Form 990-PF.
Where does Paul and Mulva Smith Charitable Trust give grants?
Paul and Mulva Smith Charitable Trust's top state is Missouri, with 33% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were Arkansas (33%) and South Carolina (33%).
Does Paul and Mulva Smith Charitable Trust give general operating support?
Yes: 100% of Paul and Mulva Smith Charitable Trust's 2025 grants with a stated purpose (3 of 3) were for general or operating support, per its 2025 IRS Form 990-PF.
How large is Paul and Mulva Smith Charitable Trust?
Paul and Mulva Smith Charitable Trust reported $1.9M in total assets on its 2025 IRS Form 990-PF. It paid out $113K in qualifying distributions that year, against a required minimum of $119K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Paul and Mulva Smith Charitable Trust's EIN?
Paul and Mulva Smith Charitable Trust's EIN (Employer Identification Number) is 43-6616234. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS May 8, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 11, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 10, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 8, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 5, 2024)
- Added Form 990-PF for fiscal year 2024 (received by the IRS May 9, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 5, 2026)
- IRS filings on file for fiscal years 2019–2023
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