Smith & Waldrop Foundation

Foundation · Grantmaker PICAYUNE, MS EIN: 31-1811048

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

+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

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Mississippi $1.6M (100%)

States

Mississippi

Cities

JacksonOxford

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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

Philanthropy, Voluntarism & Grantmaking

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.