Pay It Forward Fund-Smithfield Virginia
Pay It Forward Fund-Smithfield Virginia is a private foundation focused on Education, based in Smtihfield, VA. IRS filing data is available from 2020 through 2024. In 2024, it reported $2K in grants paid as a total on its IRS filing, without an itemized list.
Pay It Forward Fund-Smithfield Virginia at a glance
In short: Pay It Forward Fund-Smithfield Virginia reported $2K in grants paid in 2024 (a total; its filing lists no individual grants). Source: 2024 IRS Form 990-PF.
- Grants paid (2024)
- $1,877 — reported as a total on the IRS filing, without an itemized list
- -62.5% vs 2023
- Qualifying distributions (2024)
- $1,877
- -64.7% vs 2023
- Expenses (2024)
- $1,877
- -64.7% vs 2023
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who Pay It Forward Fund-Smithfield Virginia funds
How this funder distributes its grants
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
How Pay It Forward Fund-Smithfield Virginia gives
- Giving grew 27% from 2020 to 2023. 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 $2K (2024) to $18K (2021). In 2024 it reported $2K in grants paid, as a total without an itemized list.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Boy Scouts Troop 36 Carrollton, VA | Grant to the local boy scouts troop 36 to be used specifically for education programs and assistance. | $5,000 |
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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 | — | — | $1,877 | $1,877 | Total only | $1,877 | — | $27 |
| 2023 | $1,877 | $330 | $5,315 | $5,000 | 1 | $5,315 | $330 | $333 |
| 2022 | $6,862 | $735 | $4,358 | $4,000 | 1 | $4,358 | $735 | $540 |
| 2021 | $10,485 | $3,794 | $18,296 | $18,000 | 1 | $18,296 | $3,794 | $1,092 |
| 2020 | $24,987 | $758 | $4,248 | $3,950 | 2 | — | $758 | $1,300 |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
Under IRS private-foundation payout rules, Pay It Forward Fund-Smithfield Virginia reported a distributable amount of $27 for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Pay It Forward Fund-Smithfield Virginia is led by Robin E. Gearey, President & Secretary on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Robin E. Gearey
President & Secretary
On filings since 2020
4 hrs/week
No compensation reported
Carol Hayes
Director
On filings since 2020
No compensation reported
Bruce P. Gearey
Treasurer
On filings since 2020
0.5 hrs/week
No compensation reported
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 Pay It Forward Fund-Smithfield Virginia
How much does Pay It Forward Fund-Smithfield Virginia give each year?
Pay It Forward Fund-Smithfield Virginia reported $2K in grants paid in 2024 on its 2024 IRS Form 990-PF, as a total without an itemized list of grants. In 2023 it gave $5K across 1 grant.
What is Pay It Forward Fund-Smithfield Virginia?
Pay It Forward Fund-Smithfield Virginia is a private foundation focused on Education, based in Smtihfield, VA.
Where does Pay It Forward Fund-Smithfield Virginia operate?
Pay It Forward Fund-Smithfield Virginia has awarded grants in Virginia.
How much is Pay It Forward Fund-Smithfield Virginia required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Pay It Forward Fund-Smithfield Virginia reported a distributable amount of $27 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Pay It Forward Fund-Smithfield Virginia's EIN?
Pay It Forward Fund-Smithfield Virginia's EIN (Employer Identification Number) is 47-4124354. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 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 14, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 14, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 10, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 10, 2024)
- IRS filings on file for fiscal years 2020–2024
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