Smith & Waldrop Foundation
Smith & Waldrop Foundation is a private foundation, 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.
Smith & Waldrop Foundation at a glance
In short: Smith & Waldrop Foundation gave $357K across 2 grants in 2024 (avg $179K), mostly in Mississippi. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $357,177
- -36.6% vs 2023
- Grants made (2024)
- 2
- +0.0% vs 2023
- Average grant
- $178,589
- -36.6% vs 2023
- Median grant
- $178,589
- Total assets
- $1,344,400
- -3.6% vs 2023
- Primary geography
- Mississippi (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Smith & Waldrop Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was University of MS Foundation ($268K). Together the top 2 received $357K.
Grant Size Distribution
10 grants across all recorded years
The most common grant size was in the $100–250K range: 4 grants of 10 (40%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
States
Cities
How Smith & Waldrop Foundation gives
- Giving grew 25% from 2021 to 2024. Method
- In 2024 it paid out 525% 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 2020 to 2024, annual grant giving ranged from $182K (2020) to $564K (2023). In 2024 it made 2 grants totaling $357K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 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 |
| 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 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2024 | $1,344,400 | $489,357 | $539,463 | $357,177 | 2 | $357,177 | $68,054 |
| 2023 | $1,394,506 | $431,672 | $637,566 | $563,568 | 2 | $563,568 | $36,298 |
| 2022 | $1,600,400 | $333,527 | $343,580 | $211,565 | 2 | $211,565 | $92,227 |
| 2021 | $1,610,453 | $354,847 | $344,794 | $285,007 | 2 | $285,007 | $84,001 |
| 2020 | $1,600,400 | $254,684 | $254,684 | $182,387 | 2 | — | $108,222 |
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.
Leadership & Key People
Officers and directors from IRS filings
Smith & Waldrop Foundation is led by David B. Hemeter, President on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
David B. Hemeter
President
On filings since 2020
1 hr/week
No compensation reported
Byron Stockstill
Secretary & Treasurer
On filings since 2020
1 hr/week
No compensation reported
Joseph C. Stewart
Vice President
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 Smith & Waldrop Foundation
How much does Smith & Waldrop Foundation give each year?
Smith & Waldrop Foundation gave $357K across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $564K across 2 grants.
How large is Smith & Waldrop Foundation?
Smith & Waldrop Foundation reported $1.3M in total assets on its 2024 IRS Form 990-PF. It paid out $357K in qualifying distributions that year, against a required minimum of $68K (roughly 5% of its investment assets).
Where does Smith & Waldrop Foundation operate?
Smith & Waldrop Foundation has awarded grants in Mississippi.
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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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