Smart Family Foundation of New York
Smart Family Foundation of New York is a private foundation based in New Rochelle, New York. In 2025, it made 77 grants totaling $2,990,000 to charitable organizations, with listed grant purposes spanning cultural programs, higher education, public media, and other activities.
Key facts about Smart Family Foundation of New York
In short: Smart Family Foundation of New York gave $3.0M across 77 grants in 2025 (avg $39K), top state New York. 24% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- EIN
- 81-3395492
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $2,990,000
- Grants made (2025)
- 77
- Average grant
- $38,831
- Median grant
- $25,000
- New grantees (estimate)
- 24% first-time grantees (17 of 71, 2025)
- Total assets
- $50,147,328
- Primary geography
- New York (46% of itemized 2025 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Full details ↓
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$50.1M
+0.7% YoY
Annual Giving
$3.0M
-5.0% YoY
Grant Count
77
-6.1% YoY
Avg Grant Size
$39K
+1.1% YoY
Under IRS private-foundation payout rules, Smart Family Foundation of New York reported a distributable amount of $3.6M for 2025 — the minimum it must pay out in qualifying distributions.
Is Smart Family Foundation of New York open to new grantees?
24%
first-time grantees, 2025
In 2025, 17 of 71 grantees (24%) were first-time recipients. First grants averaged $37K; repeat grants $43K. How we count
Medians: $25K first-time, $25K repeat.
- 70% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (+8%). Method
- In 2025 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
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2025 grants include support for arts and cultural activities, universities, public broadcasting, and organizations working on economic opportunity. For example, the Hebrew Free Loan Society describes its work as providing interest-free loans to foster economic stability and opportunity for lower-income New Yorkers. Social Impact Partners describes its work as expanding pathways to living-wage jobs and economic mobility in Connecticut. These are the grantees’ descriptions of their own missions.
Grantmaking
In 2025, the foundation reported 77 grants totaling $2,990,000. Grants ranged from $10,000 to $175,000, with a median of $25,000.
Among the largest reported grants were $175,000 to New York University for the NYU School of Law David Boies Prize Program and $175,000 to Welcome World Foundation for efforts related to hosting the 2026 FIFA World Cup in New York and New Jersey. The foundation also awarded $125,000 and $100,000 to the New Jersey Performing Arts Center for performance seasons, a gala, and its Creative Development and Space Grant Program; $100,000 each to Northwestern University for its Potocsnak Longevity Institute and to Social Impact Partners for general operating support; and $100,000 to Untermyer Gardens Conservancy for general operating support.
How to Apply
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
Ready to take the next step with Smart Family Foundation of New York?
Geographic Focus
Where this funder awards grants
In 2025, grant dollars went to organizations in New York (46%), Connecticut (21%), New Jersey (16%), Illinois (7%), and Massachusetts (4%), among other states.
Grant Distribution by State
Share of 2025 grant dollars across all 77 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $2.4M (2020) to $3.1M (2024). In 2025 it made 77 grants totaling $3.0M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was New Jersey Performing Arts Center ($225K across 2 grants). Together the top 10 received $1.2M.
Grant Size Distribution
384 grants across all recorded years
The most common grant size was under $50K: 266 grants of 384 (69%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| New York University New York, NY | NYU School of Law David Boies Prize Program | $175,000 |
| Welcome World Foundation Inc Neward, NJ | Support legacy efforts in hosting the fifa world cup 2026 in New York and New Jersey | $175,000 |
| New Jersey Performing Arts Center Newark, NJ | Support 25-26 season of American song and classical music performances and support 2025 spotlight gala | $125,000 |
| New Jersey Performing Arts Center Newark, NJ | Support NJPAC Creative Development and Space Grant Program | $100,000 |
| Northwestern University Chicago, IL | Support and accelerate the activities of the potocsnak longevity institute | $100,000 |
| Social Impact Partners Inc Westport, CT | General Operating Support | $100,000 |
| Untermyer Gardens Conservancy Yonkers, NY | General Operating Support | $100,000 |
| Folksbeine Yiddish Theatre Inc New York, NY | Support Yiddish Cultural Offerings | $76,000 |
| Hebrew Free Loan Society Inc New York, NY | General Operating Support | $75,000 |
| University of Chicago Chicago, IL | General Operations of Smart Museum | $75,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2025 | $50,147,328 | $4,279,441 | $3,897,352 | $2,990,000 |
| 2024 | $49,794,874 | $4,037,042 | $3,995,676 | $3,148,500 |
| 2023 | $49,795,706 | $3,534,285 | $3,672,467 | $2,935,500 |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $50,147,328 | $49,794,874 | $49,795,706 |
| Revenue | $4,279,441 | $4,037,042 | $3,534,285 |
| Expenses | $3,897,352 | $3,995,676 | $3,672,467 |
| Qualifying Distributions | $3,376,980 | $3,526,140 | $3,272,672 |
| Net Investment Income | $3,800,841 | $3,608,280 | $3,189,490 |
| Distributable Amount | $3,561,272 | $3,403,691 | $3,079,491 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS August 25, 2026)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Mary Smart as chair, secretary, and director; David Stone as president, treasurer, and director; and Jim Danatos as director.
Smart Family Foundation of New York is led by David Stone, President, Treasurer & Director on every filing since 2020; all 3 officers listed in 2025 are compensated.
Officers on the 2025 filing
David Stone
President, Treasurer & Director
On filings since 2020
15 hrs/week
$109K (2020) → $120K (2025)
Mary Smart
Chair, Secretary & Director
On filings since 2020
15 hrs/week
$109K (2020) → $120K (2025)
Jim Danatos
Director
On filings since 2020
5 hrs/week
$25K (2020) → $28K (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 2025 IRS filing
The highest reported compensation on the 2025 filing was $120K, to Mary Smart (CHAIR,SECRETARY and Direct). 3 officers or directors reported compensation on that filing.
Contact
Mailing address: 1333A North Avenue, New Rochelle, NY 10804-2120
Phone: (914) 632-2762
Frequently asked questions about Smart Family Foundation of New York
How much does Smart Family Foundation of New York give each year?
Smart Family Foundation of New York gave $3.0M across 77 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $3.1M across 82 grants.
What is Smart Family Foundation of New York's typical grant size?
Smart Family Foundation of New York's median grant in 2025 was $25,000, and its average grant was $38,831, across 77 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Smart Family Foundation of New York that year got $37K on average.
Where does Smart Family Foundation of New York give grants?
Smart Family Foundation of New York's top state is New York, with 46% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were Connecticut (21%) and New Jersey (16%). The most frequent recipient cities were New York, NY (19 grants), New Haven, CT (6 grants), Chicago, IL (3 grants) and Boston, MA (3 grants).
Does Smart Family Foundation of New York give general operating support?
Yes: 49% of Smart Family Foundation of New York's 2025 grants with a stated purpose (38 of 77) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Smart Family Foundation of New York's largest grantees?
Smart Family Foundation of New York's largest 2025 grantees include New Jersey Performing Arts Center ($225,000 across 2 grants), New York University ($175,000) and Welcome World Foundation Inc ($175,000), according to its 2025 IRS Form 990-PF. Together they received 19% of its itemized 2025 grant dollars.
How large is Smart Family Foundation of New York?
Smart Family Foundation of New York reported $50.1M in total assets on its 2025 IRS Form 990-PF. It paid out $3.4M in qualifying distributions that year, against a required minimum of $3.6M (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does Smart Family Foundation of New York fund?
No mission statement for the foundation is provided. Its 2025 grants include support for arts and cultural activities, universities, public broadcasting, and organizations working on economic opportunity. See mission & focus areas ↑
How do I apply for a grant from Smart Family Foundation of New York?
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Smart Family Foundation of New York's EIN?
Smart Family Foundation of New York's EIN (Employer Identification Number) is 81-3395492. IRS Form 990 filing data is available on this page for 2020–2025.
Does Smart Family Foundation of New York accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
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