Richard and Theresa Smith Memorial Fd

CHICAGO, IL EIN: 26-6154934

Richard and Theresa Smith Memorial Fd is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHICAGO, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $923K in total assets. In 2024, it awarded 2 grants totaling $48K. Net investment income was $34K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$923K

-2.8% YoY

Annual Giving

$48K

-4.5% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$24K

-4.5% YoY

Under IRS private-foundation payout rules, Richard and Theresa Smith Memorial Fd reported a distributable amount of $60K for 2024 — the minimum it must pay out in qualifying distributions.

About Richard and Theresa Smith Memorial Fd

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New York $129K (51%)

Florida $123K (49%)

States

Florida New York

Cities

New YorkSt Petersburg

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$923,092	$949,897	$952,072
Revenue	$46,731	$66,015	$22,059
Expenses	$69,048	$68,379	$81,701
Qualifying Distributions	$55,133	$56,725	$67,650
Net Investment Income	$33,851	$49,122	$23,813
Distributable Amount	$60,388	$54,471	$62,927

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Grant Size Distribution

10 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Damon Runyon-cancer Research ($24,064), American Heart Association ($24,064).

Recipient	Purpose	Amount
DAMON RUNYON-CANCER RESEARCH NEW YORK, NY	GENERAL	$24,064
AMERICAN HEART ASSOCIATION ST PETERSBURG, FL	GENERAL	$24,064

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

No officer/director data available.

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Richard and Theresa Smith Memorial Fd?

Richard and Theresa Smith Memorial Fd is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHICAGO, IL. It holds $923K in total assets as of 2024.

How large is Richard and Theresa Smith Memorial Fd?

As of 2024, Richard and Theresa Smith Memorial Fd holds $923K in total assets with $47K in annual revenue. It awarded 2 grants totaling $48K in 2024.

Where does Richard and Theresa Smith Memorial Fd operate?

Richard and Theresa Smith Memorial Fd has awarded grants in Florida, New York.

What size grants does Richard and Theresa Smith Memorial Fd award?

In 2024, Richard and Theresa Smith Memorial Fd awarded 2 grants totaling $48K — an average of about $24K per grant, based on its IRS Form 990 filings.

How much is Richard and Theresa Smith Memorial Fd required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Richard and Theresa Smith Memorial Fd reported a distributable amount of $60K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Richard and Theresa Smith Memorial Fd's EIN?

Richard and Theresa Smith Memorial Fd's EIN (Employer Identification Number) is 26-6154934. IRS Form 990 filing data is available on this page for 2020–2024.