Smartbank Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHATTANOOGA, TN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $198K in total assets. In 2024, it awarded 4 grants totaling $36K. Net investment income was $12K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$198K
-11.6% YoY
Annual Giving
$36K
-28.0% YoY
Grant Count
4
+33.3% YoY
Avg Grant Size
$9K
-46.0% YoY
About Smartbank Foundation
Based on IRS filings
Smartbank Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHATTANOOGA, TN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $198K in total assets. In 2024, it awarded 4 grants totaling $36K. Net investment income was $12K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $198,287 | $224,304 | $262,108 |
| Revenue | $13,706 | $15,145 | $34,078 |
| Expenses | $39,723 | $52,949 | $29,746 |
| Qualifying Distributions | $38,000 | $52,500 | $27,997 |
| Net Investment Income | $11,983 | $14,696 | $32,329 |
| Distributable Amount | $14,915 | $14,841 | $16,478 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
17 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BILLY CARROLL | PRESIDENT | 2 | — |
| BILL CARROLL | TREASURER | 2 | — |
| MILLER WELBORN | SECRETARY | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
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Similar funders by location and focus area
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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