Richard Duane Smith Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in TORRANCE, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5K in total assets. In 2024, it awarded 2 grants totaling $13K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5K
+57.8% YoY
Annual Giving
$13K
+30.0% YoY
Grant Count
2
+100.0% YoY
Avg Grant Size
$7K
-35.0% YoY
Under IRS private-foundation payout rules, Richard Duane Smith Foundation reported a distributable amount of $160 for 2024 — the minimum it must pay out in qualifying distributions.
About Richard Duane Smith Foundation
Based on IRS filings
Richard Duane Smith Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in TORRANCE, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5K in total assets. In 2024, it awarded 2 grants totaling $13K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $5,391 | $3,416 | $8,416 |
| Revenue | $15,000 | $5,000 | — |
| Expenses | $13,025 | $10,000 | $25 |
| Qualifying Distributions | $13,000 | $10,000 | $25 |
| Net Investment Income | — | — | — |
| Distributable Amount | $160 | $312 | $415 |
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
4 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include West Coast Sports Medicine Foundation ($10,000), Cruisin' for a Cure ($3,000).
| Recipient | Purpose | Amount |
|---|---|---|
| WEST COAST SPORTS MEDICINE FOUNDATION MANHATTAN BEACH, CA | TO PROVIDE ECONOMICALLY DEPRIVED HIGH SCHOOL STUDENTS WITH AN OPPORTUNITY TO PARTICIPATE IN INTERSCHOLASTIC SPORTS, PROMOTE FITNESS, HAVE ACCESS TO QUALITY SPORTS MEDICINE CARE AND SERVICES DESIGNED TO IMPROVE HEALTH AND ENSURE SAFETY. | $10,000 |
| CRUISIN' FOR A CURE LAKE FOREST, CA | TO BRING AWARENESS TO PROSTATE CANCER AND HELP SAVE LIVES BY PROVIDING FREE PROSTATE SCREENINGS. | $3,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RICHARD D SMITH | PRESIDENT | — | — |
| RICHARD D SMITH | SECRETARY | — | — |
| RICHARD D SMITH | TREASURER | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Richard Duane Smith Foundation?
Richard Duane Smith Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in TORRANCE, CA. It holds $5K in total assets as of 2024.
How large is Richard Duane Smith Foundation?
As of 2024, Richard Duane Smith Foundation holds $5K in total assets with $15K in annual revenue. It awarded 2 grants totaling $13K in 2024.
Where does Richard Duane Smith Foundation operate?
Richard Duane Smith Foundation has awarded grants in California.
What size grants does Richard Duane Smith Foundation award?
In 2024, Richard Duane Smith Foundation awarded 2 grants totaling $13K — an average of about $7K per grant, based on its IRS Form 990 filings.
How much is Richard Duane Smith Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Richard Duane Smith Foundation reported a distributable amount of $160 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Richard Duane Smith Foundation's EIN?
Richard Duane Smith Foundation's EIN (Employer Identification Number) is 27-1760692. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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