Ray and Wilma Smith Scholarship

Private foundation · Grantmaker Franklin, TN EIN: 62-1868449

Ray and Wilma Smith Scholarship is a private foundation focused on Education, based in Franklin, TN. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $76K in total assets. In 2025, it awarded 1 grant totaling $4K. Net investment income was $3K.

Key facts about Ray and Wilma Smith Scholarship

In short: Ray and Wilma Smith Scholarship gave $4K across 1 grant in 2025 (avg $4K), mostly in Tennessee. Source: 2025 IRS Form 990-PF.

EIN
62-1868449
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$3,869
Grants made (2025)
1
Average grant
$3,869
Median grant
$3,869
Total assets
$76,477
Primary geography
Tennessee (100% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$76K

-1.2% YoY

Annual Giving

$4K

-2.5% YoY

Grant Count

1

+0.0% YoY

Avg Grant Size

$4K

-2.5% YoY

Under IRS private-foundation payout rules, Ray and Wilma Smith Scholarship reported a distributable amount of $4K for 2025 — the minimum it must pay out in qualifying distributions.

How Ray and Wilma Smith Scholarship gives

  • Giving held roughly steady from 2022 to 2025 (−8%). Method
  • In 2025 it paid out 104% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of all 1 itemized 2025 grant dollars.

States

Cities

HuntingdonWestportYuma

Giving Over Time

Total grant dollars and number of grants per year

$0$2K$4K$6K1 grants20201 grants20211 grants20221 grants20231 grants20241 grants2025

From 2020 to 2025, annual grant giving ranged from $4K (2025) to $5K (2020). In 2025 it made 1 grant totaling $4K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2025

Libby Autry: $4KLibby Autry$4K

The largest 2025 recipient was Libby Autry ($4K).

Grant Size Distribution

5 grants across all recorded years

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

The most common grant size was under $50K: 5 grants of 5 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Libby Autry Huntingdon, TNEducation$3,869

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$2K$4K$6K202020212022202320242025
Metric202520242023
Total Assets$76,477$77,402$78,601
Revenue$3,467$3,177$296
Expenses$4,348$4,376$4,405
Qualifying Distributions$3,869$3,970$4,200
Net Investment Income$3,467$3,177$296
Distributable Amount$3,719—$3,968

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS April 22, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS May 13, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS April 7, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS February 13, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS February 28, 2025)
  6. Updated Form 990-PF for fiscal year 2025 (received by the IRS February 6, 2026)
  7. IRS filings on file for fiscal years 2020–2025

Leadership & Key People

Officers and directors from IRS filings

Ray and Wilma Smith Scholarship's only listed officer is First Bank Trust Department, Trustee on every filing since 2020 (uncompensated).

Officers on the 2025 filing

  • First Bank Trust Department

    Trustee

    On filings since 2020

    $90 (2020) → $0 (2025)

Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2021 IRS filing

First Bank Trust Department — Trustee: $30First Bank Trust…Trustee$30

The highest reported compensation on the 2021 filing was $30, to First Bank Trust Department (Trustee).

Frequently asked questions about Ray and Wilma Smith Scholarship

How much does Ray and Wilma Smith Scholarship give each year?

Ray and Wilma Smith Scholarship gave $4K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $4K across 1 grant.

How large is Ray and Wilma Smith Scholarship?

Ray and Wilma Smith Scholarship reported $76K in total assets on its 2025 IRS Form 990-PF. It paid out $4K in qualifying distributions that year, against a required minimum of $4K (roughly 5% of its investment assets).

What is Ray and Wilma Smith Scholarship?

Ray and Wilma Smith Scholarship is a private foundation focused on Education, based in Franklin, TN. It holds $76K in total assets as of 2025.

Where does Ray and Wilma Smith Scholarship operate?

Ray and Wilma Smith Scholarship has awarded grants in Tennessee.

What is Ray and Wilma Smith Scholarship's EIN?

Ray and Wilma Smith Scholarship's EIN (Employer Identification Number) is 62-1868449. IRS Form 990 filing data is available on this page for 2020–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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