Russell H & Maxine E Smith Charitable

Foundation · Grantmaker Bay City, MI EIN: 38-2978504

Russell H & Maxine E Smith Charitable is a private foundation, based in Bay City, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.1M in total assets. In 2024, it awarded 9 grants totaling $120K. Net investment income was $123K.

Key facts about Russell H & Maxine E Smith Charitable

EIN: 38-2978504
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $119,500
Grants made (2024): 9
Average grant: $13,278
Median grant: $10,000
Total assets: $2,053,207
Primary geography: Michigan (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Who Russell H & Maxine E Smith Charitable funds

By grant dollars, the top recipient states for Russell H & Maxine E Smith Charitable's 9 itemized 2024 grants were Michigan (100%). The most frequent recipient cities were Bay City, MI (6 grants). None of its 9 grants with a stated purpose were described as general or operating support.

How Russell H & Maxine E Smith Charitable gives

Giving fell 25% from 2021 to 2024. Method
In 2024 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.

Next steps with Russell H & Maxine E Smith Charitable

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$2.1M

-0.2% YoY

Annual Giving

$120K

-11.2% YoY

Grant Count

-10.0% YoY

Avg Grant Size

$13K

-1.3% YoY

Under IRS private-foundation payout rules, Russell H & Maxine E Smith Charitable reported a distributable amount of $133K for 2024 — the minimum it must pay out in qualifying distributions.

About Russell H & Maxine E Smith Charitable

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Michigan $120K (100%)

Share of all 9 itemized 2024 grant dollars.

States

Michigan

Cities

Bay CityUniversity CenterFreelandMidlandPinconningLinwoodSaginaw

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$2,053,207	$2,058,104	$2,079,377
Revenue	$141,574	$136,641	$150,203
Expenses	$146,471	$157,914	$202,640
Qualifying Distributions	$126,194	$139,348	$182,852
Net Investment Income	$123,007	$119,739	$132,258
Distributable Amount	$132,528	$122,273	$127,627

Data update history

When this profile's IRS filing data changed on Grantable

March 2, 2026 IRS filings on file for fiscal years 2020–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 9 recipients in 2024

Grant Size Distribution

55 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Hidden Harvest ($25,000), Linwood Civic Improvement Club Inc ($20,000), Great Lakes Bay Health Centers ($15,000).

Recipient	Purpose	Amount
HIDDEN HARVEST Saginaw, MI	HUNGER SOLUTION CENTER EXPANSION PROJECT	$25,000
LINWOOD CIVIC IMPROVEMENT CLUB INC Linwood, MI	LINWOOD SCENIC ACCESS SITE IMPROVEMENTS	$20,000
GREAT LAKES BAY HEALTH CENTERS Bay City, MI	MOBILE DENTAL AND VISION PROGRAM	$15,000
THE JEFFERSON PROJECT Bay City, MI	SCULPTURE PARK AND GARDEN	$15,000
BAY AREA COMMUNITY FOUNDATION Bay City, MI	SCHOLARSHIP ENDOWMENT	$10,000
GOOD SAMARITAN RESCUE MISSION Bay City, MI	LABADIE LOFTS	$10,000
SELF LOVE BEAUTY DBA LEAD Midland, MI	EMPOWERING BAY COUNTY TEENS PROGRAM	$10,000
FRIENDS OF THE HISTORIC MASONIC TEMPLE Bay City, MI	GRANT FOR RESTORATION AND REPAIR	$8,500
UNITED WE GO Bay City, MI	2024 CITY OF MURALS COMMUNITY FESTIVAL	$6,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS filing

Name	Title	Hours	Compensation
Dominic Monastiere	Ttee/President	—	—
Jean Manning	Ttee/V-P	—	—
Thomas H Tabor	Ttee/Secretary	—	—
Heather Gallegos	Ttee	—	—
G Matthew Jeffrey	Ttee	—	—
Barbara Engelhardt-Carter	Ttee/Treasurer	—	—

Frequently Asked Questions

How large is Russell H & Maxine E Smith Charitable?

As of 2024, Russell H & Maxine E Smith Charitable holds $2.1M in total assets with $142K in annual revenue. It awarded 9 grants totaling $120K in 2024.

Where does Russell H & Maxine E Smith Charitable operate?

Russell H & Maxine E Smith Charitable has awarded grants in Michigan.

What size grants does Russell H & Maxine E Smith Charitable award?

In 2024, Russell H & Maxine E Smith Charitable awarded 9 grants totaling $120K — an average of about $13K per grant, based on its IRS Form 990 filings.

How much is Russell H & Maxine E Smith Charitable required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Russell H & Maxine E Smith Charitable reported a distributable amount of $133K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Russell H & Maxine E Smith Charitable's EIN?

Russell H & Maxine E Smith Charitable's EIN (Employer Identification Number) is 38-2978504. IRS Form 990 filing data is available on this page for 2020–2024.