Smith & Waldrop Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PICAYUNE, MS. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.3M in total assets. In 2024, it awarded 2 grants totaling $357K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.3M
-3.6% YoY
Annual Giving
$357K
-36.6% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$179K
-36.6% YoY
Under IRS private-foundation payout rules, Smith & Waldrop Foundation reported a distributable amount of $68K for 2024 — the minimum it must pay out in qualifying distributions.
About Smith & Waldrop Foundation
Based on IRS filings
Smith & Waldrop Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PICAYUNE, MS. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.3M in total assets. In 2024, it awarded 2 grants totaling $357K.
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 | $1,344,400 | $1,394,506 | $1,600,400 |
| Revenue | $489,357 | $431,672 | $333,527 |
| Expenses | $539,463 | $637,566 | $343,580 |
| Qualifying Distributions | $357,177 | $563,568 | $211,565 |
| Net Investment Income | — | — | — |
| Distributable Amount | $68,054 | $36,298 | $92,227 |
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
10 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include University of Ms Foundation ($267,883), Episcopal Diocese of Ms ($89,294).
| Recipient | Purpose | Amount |
|---|---|---|
| EPISCOPAL DIOCESE OF MS JACKSON, MS | THE FOUNDATION CONTRIBUTED 25 PERCENT OF THE FOUNDATION'S NET DISTRIBUTIONS FROM THE S CORPORATION STOCK TO THE EPISCOPAL DIOCESE PER THE FOUNDER OF THE FOUNDATION AND DONOR OF THE STOCK. | $89,294 |
| UNIVERSITY OF MS FOUNDATION OXFORD, MS | THE FOUNDATION CONTRIBUTED 75 PERCENT OF THE NET DISTRIBUTIONS FROM THE S CORPORATION STOCK TO THE UNIVERSITY OF MISSISSIPPI TO FUND SCHOLARSHIPS TO STUDENTS AS INSTRUCTED BY FOUNDER OF THE FOUNDATION AND DONOR OF THE STOCK. | $267,883 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DAVID B HEMETER | President | 1 | — |
| JOSEPH C STEWART | Vice President | 1 | — |
| BYRON STOCKSTILL | Secretary/Treas | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Smith & Waldrop Foundation?
Smith & Waldrop Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PICAYUNE, MS. It holds $1.3M in total assets as of 2024.
How large is Smith & Waldrop Foundation?
As of 2024, Smith & Waldrop Foundation holds $1.3M in total assets with $489K in annual revenue. It awarded 2 grants totaling $357K in 2024.
Where does Smith & Waldrop Foundation operate?
Smith & Waldrop Foundation has awarded grants in Mississippi.
What size grants does Smith & Waldrop Foundation award?
In 2024, Smith & Waldrop Foundation awarded 2 grants totaling $357K — an average of about $179K per grant, based on its IRS Form 990 filings.
How much is Smith & Waldrop Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Smith & Waldrop Foundation reported a distributable amount of $68K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Smith & Waldrop Foundation's EIN?
Smith & Waldrop Foundation's EIN (Employer Identification Number) is 31-1811048. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Smith & Waldrop Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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