Smartbank Foundation
Smartbank Foundation is a private foundation, based in Chattanooga, TN. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $177K in total assets. In 2025, it awarded 2 grants totaling $30K. Net investment income was $11K.
Smartbank Foundation at a glance
In short: Smartbank Foundation gave $30K across 2 grants in 2025 (avg $15K), mostly in Alabama. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $30,000
- -16.7% vs 2024
- Grants made (2025)
- 2
- -50.0% vs 2024
- Average grant
- $15,000
- +66.7% vs 2024
- Median grant
- $15,000
- Total assets
- $177,041
- -10.7% vs 2024
- Primary geography
- Alabama (67% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Smartbank Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Saban Center ($20K). Together the top 2 received $30K.
Grant Size Distribution
15 grants across all recorded years
The most common grant size was under $50K: 15 grants of 15 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
Cities
How Smartbank Foundation gives
- Giving grew 20% from 2022 to 2025. Method
- In 2025 it paid out 240% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $15K (2019) to $50K (2023). In 2025 it made 2 grants totaling $30K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Saban Center Tuscaloosa, AL | $100,000 contribution over 5 years (beginning 2023) to the saban center whose mission is to provide an environment that encourages learning, creativity, and teamwork. The saban center is a stem and arts campus where education, experience, and innovation meet. Saban center will be an innovative hub for education training, arts participation and academic support for teachers and families alike for local and regional school districts to inspire children to enter a variety of stem and arts-related fields. 2024 contribution: $20,000 | $20,000 |
| Top of Georgia Rock Spring, GA | $10,000 contribution to top of Georgia which is an economic development initiative that serves as a nonprofit fundraising arm to enhance the marketing efforts of the publicly funded northwest Georgia joint development authority (nwgajda). Top of Georgia serves as a way for private individuals or companies to contribute to the economic well-being of the greater northwest Georgia area including catoosa, chattooga, dade and Walker counties. | $10,000 |
Ready to take the next step with Smartbank Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $177,041 | $12,834 | $34,080 | $30,000 | 2 | $32,550 | $11,304 | $13,536 |
| 2024 | $198,287 | $13,706 | $39,723 | $36,000 | 4 | $38,000 | $11,983 | $14,915 |
| 2023 | $224,304 | $15,145 | $52,949 | $50,000 | 3 | $52,500 | $14,696 | $14,841 |
| 2022 | $262,108 | $34,078 | $29,746 | $25,000 | 3 | $27,997 | $32,329 | $16,478 |
| 2021 | $257,776 | $18,213 | $30,046 | $25,000 | 3 | $28,006 | $16,173 | $18,846 |
| 2020 | $269,609 | $34,711 | $55,294 | $50,000 | 4 | — | $32,210 | $17,290 |
| 2019 | $290,192 | $21,387 | $22,454 | $15,000 | 2 | — | $16,509 | $18,495 |
Under IRS private-foundation payout rules, Smartbank Foundation reported a distributable amount of $14K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Smartbank Foundation is led by Billy Carroll, President on every filing since 2019; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Billy Carroll
President
On filings since 2019
2 hrs/week
No compensation reported
Bill Carroll
Treasurer
On filings since 2019
2 hrs/week
No compensation reported
Miller Welborn
Secretary
On filings since 2019
2 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Smartbank Foundation
How much does Smartbank Foundation give each year?
Smartbank Foundation gave $30K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $36K across 4 grants.
How large is Smartbank Foundation?
Smartbank Foundation reported $177K in total assets on its 2025 IRS Form 990-PF. It paid out $33K in qualifying distributions that year, against a required minimum of $14K (roughly 5% of its investment assets).
Where does Smartbank Foundation operate?
Smartbank Foundation has awarded grants in Alabama, Georgia, Tennessee.
What is Smartbank Foundation's EIN?
Smartbank Foundation's EIN (Employer Identification Number) is 20-8115548. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 21, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 29, 2026)
- Added Form 990-PF for fiscal year 2019 (received by the IRS April 21, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS March 30, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 13, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 16, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 15, 2024)
Live grants for the work Smartbank Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Smartbank Foundation's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Memorial Health Care System Inc
Phoenix, AZ
Memorial Health Care System Inc funds health care and community-support programs, with grants primarily serving Southeast Tennessee and North Georgia, though its 2025 grants also included a recipient in South Carolina. Its 2025 grants ranged from $6,000 to $1,785,091, with a median of $20,000; the profile does not state whether it accepts unsolicited requests.
Assets
$505.3M
Grants
9
Total Given
$1.9M
Wayne and Alberta Longmire Endowment
Birmingham, AL
Assets
$290K
Grants
1
Total Given
$29K
Tr Uw Blanche a Robinson-Char
Dallas, TX
Assets
$322K
Grants
2
Total Given
$12K
Accp Foundation
Lenexa, KS
To improve human health by supporting research, scholarship, and practice.
Assets
—
Grants
3
Total Given
$151K
The Kennedy Family Charitable Foundation
Ponte Vedra Beach, FL
Assets
$4.3M
Grants
4
Total Given
$157K
Haley Sperling Memorial Foundation
Chicago, IL
Assets
$1.4M
Grants
5
Total Given
$65K
More similar funders
More Funders in Tennessee
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Smartbank Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Smartbank Foundation down — hundreds of funders to go?